RBI Policy

The Reserve Bank of India's intervention on Monday was fairly large, with the central bank beginning to sell dollars when the rupee traded near 96.15 per dollar

India could attract USD 80 to USD 85 billion under the Reserve Bank's concessional swap facility scheme to encourage foreign currency inflows, a report said on Monday. Till July 17, of the total inflows under the scheme, Foreign Currency Non-Resident (Bank) or FCNR (B) deposits accounted for USD 17.406 billion, Overseas Foreign Currency Borrowings (OFCBs) contributed USD 1.97 billion and External Commercial Borrowings (ECBs) amounted to USD 1.342 billion. 'Ecowrap', an SBI research report, said the RBI figure of about USD 20 billion inflows till July 17 came as a "positive reprieve", chiefly with a smart FCNR(B) corpus of USD 17.4 billion. "Overall, we believe FCNR (B) deposits in the range of USD 65-70 billion should be received overall in scheme, and including OFCB and ECB at USD 80-USD 85 billion," it said. It further said that RBI data indicates FCNR(B) deposits worth USD 17.4 billion have been mobilised (till July 17) and the trend suggests that pubic sector banks are major ..

Foreign banks have exhibited the strongest transmission of the Reserve Bank of India's policy easing during the current rate-cut cycle, lowering both lending and deposit rates more sharply than their public and private sector peers, according to the RBI's bulletin. In its monthly bulletin released on Wednesday, the RBI said that during the easing cycle between February 2025 and May 2026, scheduled commercial banks (SCBs) reduced repo-linked external benchmark-based lending rates (EBLR) and marginal cost of funds-based lending rates (MCLR), with pass-through to fresh lending rates remaining particularly strong in infrastructure and other EBLR-mandated sectors. The bulletin showed that foreign banks cut weighted average lending rates (WALR) on fresh rupee loans by 1.24 percentage point, compared with 1.08 percentage point by private banks and 0.66 per cent by public sector banks. For outstanding rupee loans, foreign banks again led transmission with a 1.20 percentage point reduction,

The RBI's June measures have bought India some time. The challenge now is to use that time wisely

The Reserve Bank of India (RBI) has issued the RBI Grade B 2026 admit card for Phase 2 on its official website. The bank will hold the RBI Grade B exam for Phase 2 on July 25 and 26

Q1-FY27 numbers, according to Anirudh Garg, fund manager & partner, INVasset PMS, are likely to show soft margins across the board, but private banks will be the first to show the NIM trough is over

June inflation rose above the RBI's 4% target, with food, oil prices and monsoon risks clouding the outlook, making a status quo on rates the likely policy choice

A poor monsoon can trigger a chain reaction across the economy, from lower farm output and higher food prices to weaker demand and changes in RBI policy

The RBI governor's message in Kochi puts the focus on whether banks can turn formal credit channels, digital rails and policy support into timely finance for small businesses

The decline comes after forex reserves had already slipped in the previous week, RBI data showed

The medium-term outlook for the banking sector remains constructive, supported by healthy credit growth, stable asset quality and improving liquidity conditions, says Motilal Oswal.

Can foreign bond inflows strengthen the rupee and lower yields? Experts say yes, but only at the margin, with domestic and global factors playing a larger role

The concessional dollar-rupee swap window, available until January 2027, aims to encourage overseas borrowings by PSUs and banks while supporting foreign capital inflows

RBI's commentary on inflation 'opens the door for rate hikes in the next meeting' in August, according to Pranjul Bhandari, chief India economist at HSBC Holdings Plc

The local currency settled at 94.94 per dollar, the highest since May 8, against the previous close of 95.79 per dollar

The government and RBI have unveiled tax and policy measures to revive foreign investment, strengthen the balance of payments and support the rupee

RBI's policy hold and India's stronger-than-expected GDP growth anchored a week marked by firm PMIs, fuel-price risks, trade talks and fresh Cabinet approvals

FPIs bought over Rs 3,000 crore worth of FAR securities on Friday

Real estate developers and consultants said RBI's decision to keep rates unchanged will support housing demand, project execution and investor confidence despite rising cost pressures

Most importantly, the slew of reforms announced in today's meeting to support the rupee augurs well for the economy and markets while keeping the growth momentum sacrosanct