Page 4 - Latest Updates on Reserve Bank of India
RBI cancels registration certificates of 135 NBFCs, most in West Bengal
The majority of the NBFCs, whose certificates of registration were cancelled, had a registered office address in West Bengal, an RBI release showed
 "RBI cancels registration certificates of 135 NBFCs, most in West Bengal")
Govt to switch Rs 30,000 crore of bonds through auction on June 15
The switch auction will replace shorter-dated securities maturing between 2027 and 2030 with longer-dated bonds maturing between 2034 and 2039
 "Govt to switch Rs 30,000 crore of bonds through auction on June 15")
Outward FDI commitments by Indian firms drop 49% in May: RBI data
Equity investments abroad dropped sharply to $1,247.82 million in May from $3,537.35 million in April, marking a decline of about 64.72 per cent
 "Outward FDI commitments by Indian firms drop 49% in May: RBI data")
RBI likely stepped in to support rupee, conducts swaps, say traders
The rupee was at 95.27, up modestly on the day after hitting an intra-day low of 95.5625 in early trading
RBI asks banks to assess AI risk gaps, draw action plan by June-end
RBI has directed banks to assess cyber risks from advanced AI models such as Claude Mythos and submit mitigation plans by June-end
 "RBI asks banks to assess AI risk gaps, draw action plan by June-end")
FCNR (B) returns: Rate differential may cloud inflows despite RBI support
Bankers expect FCNR(B) inflows of $20-45 billion as RBI absorbs hedging costs, though a much narrower India-US interest-rate differential may limit leverage-driven participation
 "FCNR (B) returns: Rate differential may cloud inflows despite RBI support")
RBI's special ECB window may attract up to $20 billion in overseas inflows
State-owned entities are expected to lead fundraising under the RBI's concessional swap facility, with market participants estimating inflows of $15-20 billion
 "RBI's special ECB window may attract up to $20 billion in overseas inflows")
IDFC First, Federal, BOB, PNB, Canara Bank gain up to 4%; here's why
At 11:26 AM on the Tuesday, the Nifty Bank and Nifty Private Bank index (up 1 per cent each) and Nifty PSU Bank index up 2 per cent outperformed the Nifty 50, which was down 0.03 per cent.
 "IDFC First, Federal, BOB, PNB, Canara Bank gain up to 4%; here's why")
RBI's latest measures may have steadied rupee, but risks far from over
RBI's incentives may attract short-term foreign inflows and ease pressure on the rupee, but they do little to address weak FDI and sustained foreign investor outflows
 "RBI's latest measures may have steadied rupee, but risks far from over")
RBI exempts FCNR(B), ECB swap positions from banks' NOP-INR limits
The move is expected to support recently announced measures to attract foreign capital, while easing regulatory constraints on banks participating in RBI swap facilities
RBI launches FCNR(B) swap facility, allows banks flexibility on rates
The forex swap window, open until October 2026, will enable banks to mobilise fresh FCNR(B) deposits while the RBI bears the hedging cost on eligible inflows
India records $7.1 bn current account surplus in Q4 FY26: RBI data
The surplus stood at $13.7 billion, or 1.4 per cent of GDP, in the fourth quarter of 2024-25
 "India records $7.1 bn current account surplus in Q4 FY26: RBI data")
Rupee defence lifts RBI's net short dollar book past $110 billion mark
RBI ramped up its interventions after the rupee weakened to a record low on May 20, almost hitting the 97 per dollar mark
Inflation likely rose to 4% in May amid rising food, fuel costs: Poll
RBI Governor Sanjay Malhotra said underlying inflation pressures remained benign, although second-round effects warranted vigilance
 "Inflation likely rose to 4% in May amid rising food, fuel costs: Poll")
Tango and Cash: Choreographed moves of RBI, Centre good for bond markets
The government and RBI have unveiled tax and policy measures to revive foreign investment, strengthen the balance of payments and support the rupee
 "Tango and Cash: Choreographed moves of RBI, Centre good for bond markets")
RBI, govt charm offensive may draw up to $50 billion global flows
Bond tax exemption, easier access for foreign funds may help cover FY27 BoP gap
Gross FDI may cross $100 billion in FY27: RBI Deputy Governor Poonam Gupta
Gross FDI inflows may surpass $100 billion in FY27, RBI Deputy Governor Poonam Gupta said, citing strong investment momentum despite global uncertainty
 "Gross FDI may cross $100 billion in FY27: RBI Deputy Governor Poonam Gupta")
Centre reappoints RBI Deputy Governor Swaminathan J. for 2 years
The Centre has extended the tenure of RBI Deputy Governor Swaminathan J. by two years from June 26, 2026, following his first term at the central bank
 "Centre reappoints RBI Deputy Governor Swaminathan J. for 2 years")
Rupee logs best day in two months on RBI's foreign flow measures
RBI's foreign flow measures help Indian currency appreciate to 94.94 against dollar
 "Rupee logs best day in two months on RBI's foreign flow measures")
Indian households expect inflation to spike as consumer confidence wanes
RBI surveys show Indian households expect inflation to jump amid US-Iran war tensions and weak monsoon forecasts, driving a steep decline in consumer confidence
 "Indian households expect inflation to spike as consumer confidence wanes")