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What is Reserve Bank of India (RBI)

Reserve Bank of India

About Reserve Bank of India

What is Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) is the central bank of India whose primary function is to manage and govern the financial system of the country. It is a statutory body established in the year 1935 under the Reserve Bank of India Act, 1934. The central bank regulates the issue and supply of the Indian rupee. It also looks after the central government’s money. The central bank plays the role of the bankers’ bank and regulates the banking sector. It also plays an important role in India’s development story by supporting the government in its developmental projects and policies.
 
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Latest Updates on Reserve Bank of India

RBI forms panel to study quantum technology risks in finance sector

RBI has constituted an expert committee to assess risks and opportunities linked to quantum technology and recommend a roadmap for a quantum-secure financial ecosystem

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Updated On : 25 May 2026 | 10:12 PM IST

Should you buy bonds? Axis MF sees near-term rally if RBI avoids tightening

Axis MF advises bond investors to gradually add Duration as RBI may avoid aggressive rate hikes despite oil risks and inflation concerns

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Updated On : 25 May 2026 | 1:42 PM IST

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.

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Updated On : 25 May 2026 | 6:30 AM IST

ICICI Bank seeks at least ₹100 crore recovery from fintech firms

Growing discomfort among banks over eroding interchange income

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Updated On : 25 May 2026 | 12:05 AM IST

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

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Updated On : 25 May 2026 | 12:02 AM IST

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

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Updated On : 24 May 2026 | 11:40 PM IST

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

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Updated On : 24 May 2026 | 10:34 PM IST

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

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Updated On : 22 May 2026 | 11:30 PM IST

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

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Updated On : 22 May 2026 | 11:42 AM IST

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

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Updated On : 22 May 2026 | 11:16 AM IST

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

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Updated On : 21 May 2026 | 10:30 PM IST

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

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Updated On : 21 May 2026 | 9:26 PM IST

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

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Updated On : 21 May 2026 | 7:39 PM IST

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

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Updated On : 21 May 2026 | 1:37 PM IST

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

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Updated On : 21 May 2026 | 1:08 PM IST

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

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Updated On : 21 May 2026 | 12:48 PM IST

Is India's inflation targeting too rigid for this oil-shock climate?

A credible framework requires credible measures of price expectations

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Updated On : 20 May 2026 | 11:24 PM IST

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

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Updated On : 20 May 2026 | 11:20 PM IST

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

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Updated On : 20 May 2026 | 8:37 PM IST

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

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Updated On : 19 May 2026 | 10:45 PM IST