Page 7 - Latest Updates on Reserve Bank of India
Best of BS Opinion: RBI's surplus transfer will not ease fiscal pressure
Hello and welcome to BS Opinion, a wrap of editorials and columns on today's Opinion page.
 "Best of BS Opinion: RBI's surplus transfer will not ease fiscal pressure")
ICICI Bank seeks at least ₹100 crore recovery from fintech firms
Growing discomfort among banks over eroding interchange income
 "ICICI Bank seeks at least ₹100 crore recovery from fintech firms")
Noel Tata, Chandra talk ahead of tomorrow's Tata Sons board meeting
May 26 meeting expected to set the tone for Tata group's future leadership, discuss Tata Sons' listing
 "Noel Tata, Chandra talk ahead of tomorrow's Tata Sons board meeting")
RBI's MPC likely to maintain status quo in June: Business standard poll
The domestic rate-setting panel cut the policy repo rate by a cumulative 125 basis points in 2025 and it was on hold in the February and April policies
 "RBI's MPC likely to maintain status quo in June: Business standard poll")
ATM interchange fee may be indexed to WPI; NPCI likely to take up matter
NPCI may review ATM interchange fees and link charges to WPI as rising operating costs put pressure on India's ATM ecosystem
 "ATM interchange fee may be indexed to WPI; NPCI likely to take up matter")
FY26 NRI deposits declined to $14.4 billion: RBI's monthly bulletin
Inflows into India's non-resident deposit schemes moderated in FY26, with FCNR(B) deposits witnessing a sharp slowdown, RBI data showed
 "FY26 NRI deposits declined to $14.4 billion: RBI's monthly bulletin")
RBI may turn to 2013 taper tantrum playbook to defend weakening rupee
The urgency has grown after the rupee slumped to a record low of nearly 97 per dollar this week, driving up import costs and further eroding investors' confidence
 "RBI may turn to 2013 taper tantrum playbook to defend weakening rupee")
RBI not in favour of rate hikes to defend rupee, prioritises inflation
India's rupee has fallen nearly 6 per cent since the Iran war began late in February and slumped to a record low of nearly 96.96 per dollar on Thursday
 "RBI not in favour of rate hikes to defend rupee, prioritises inflation")
Rupee snaps 9-day losing streak to emerge as best-performing Asian currency
The rupee ended a nine-day losing streak on Thursday, aided by RBI intervention in the NDF market and easing crude oil prices
 "Rupee snaps 9-day losing streak to emerge as best-performing Asian currency")
India's outbound FDI commitments decline 10.8% to $5.6 billion in April
India's outward foreign direct investment commitments fell 10.8 per cent year-on-year in April, led by lower guarantees and debt commitments
 "India's outbound FDI commitments decline 10.8% to $5.6 billion in April")
Currency in circulation rises 11%, nears record ₹43 trillion by mid-May
In absolute terms, CiC expanded by Rs 1.15 trillion during the first one and a half months of FY27, indicating sustained demand for cash despite continued growth in digital payments
 "Currency in circulation rises 11%, nears record ₹43 trillion by mid-May")
RBI set for record dividend transfer to govt, fiscal gap likely to persist
An expected ₹3.05 trillion handover, the midpoint of the poll, would be the highest share of expected government revenue in more than two decades, excluding the fiscal year 2019-2020
 "RBI set for record dividend transfer to govt, fiscal gap likely to persist")
RBI weighs all options including rate hike, forex swaps to stabilise rupee
The next scheduled monetary policy decision is on June 5, although the RBI has previously made an out-of-cycle adjustment in May 2022
 "RBI weighs all options including rate hike, forex swaps to stabilise rupee")
India's shrinking bond yield cushion: Why the US-India spread matters
India's 10-year bond yield premium over the US has narrowed to around 250 basis points, well below its decade average. But does that mean RBI will cut rates? Let's find out
 "India's shrinking bond yield cushion: Why the US-India spread matters")
Is India's inflation targeting too rigid for this oil-shock climate?
A credible framework requires credible measures of price expectations
 "Is India's inflation targeting too rigid for this oil-shock climate?")
Govt defends ₹8,415 crore Yes Bank AT1 bond write down before Supreme Court
Argues in SC that the decision was needed for the bank's survival
 "Govt defends ₹8,415 crore Yes Bank AT1 bond write down before Supreme Court")
RBI to conduct overnight VRR auction to infuse ₹1.25 trillion liquidity
The Reserve Bank of India will conduct an overnight VRR auction on Thursday to manage evolving liquidity conditions and keep overnight rates aligned with the policy repo rate
Invisible crisis: AI-powered cyber-attacks can endanger financial stability
The IMF warns that AI-powered cyberattacks could threaten global financial stability, exposing vulnerabilities in digital payment systems and banking infrastructure
 "Invisible crisis: AI-powered cyber-attacks can endanger financial stability")
RBI to conduct five-day VRR auction on Wednesday for ₹1.5 trillion
The Reserve Bank of India will conduct a five-day variable rate repo auction to manage evolving liquidity conditions in the banking system
RBI withdraws IFR requirement for banks maintaining market risk capital
RBI eases IFR norms for banks under revised investment portfolio framework