The domestic currency weakened against the dollar amid demand linked to forward maturities, oil company purchases and rising geopolitical tensions that boosted the greenback
The government has appointed Department of Financial Services Secretary Sanjay Lohiya to the central boards of the Reserve Bank of India and State Bank of India
The state-owned lender has increased rates on select non-callable domestic fixed deposits, while Unity Small Finance Bank has revised rates on its 501-day scheme
Final norms effective from October 1, 2026, allow bank finance based on operating cash-flow history of underlying assets instead of a three-year track record for trusts
Bank of India expects up to $1 billion in FCNR-B inflows under RBI's special window, while maintaining strong credit growth and preparing for ECL norms
The currency recovered from recent losses and bond yields softened as lower crude prices and expectations of fresh foreign inflows improved market sentiment
The rupee fell 0.8 per cent against the dollar as renewed West Asia tensions pushed crude oil higher, while equity weakness and dollar demand added pressure
The move is expected to support recently announced measures to attract foreign capital, while easing regulatory constraints on banks participating in RBI swap facilities
The Strategic Business Branch will house co-lending, pool buyouts, TReDS and supply chain finance operations under one roof to improve efficiency and risk oversight
