Reserve Bank Of India

Even at seven per cent, the GDP growth rate in the first quarter would be a four-quarter low, though higher than 6.8 per cent in the year-ago period.

In one instance, the RBI spent $7 billion in just a day intervening in onshore and offshore markets as the rupee approached a record low

According to the Reserve Bank of India's holiday calendar, August 26 is a bank holiday at several RBI centres under the Negotiable Instruments Act.

Bank Holiday Today: Eid-e-Milad-un-Nabi, or Mawlid, marks the birth anniversary of Prophet Muhammad on August 26. The RBI has listed the day as a bank holiday in several states

The week's policy calendar will focus on RBI liquidity management, industrial production and forex reserves

FCNR(B) deposits accounted for nearly 90 per cent of the total at $65.40 billion, while ECBs and OFCBs contributed $2.59 billion and $4.86 billion, respectively

FCNR(B) deposits dominate inflows under RBI's special forex swap facility ahead of the August 31 deadline; ECB and OFCB windows remain open until December 31

Both will serve as part-time, non-official directors for four years from August 20, 2026, or until further orders, whichever is earlier

RBI Deputy Governor Swaminathan J says growing reliance on technology and third-party providers exposes smaller banks to cyber, digital fraud and operational risks

RBI Governor Sanjay Malhotra said flows have been stronger than expected, with FCNR(B) deposits and overseas borrowing already bringing in $56.85 billion

Deputy Governor Poonam Gupta flagged a possible rate hike later this year as policymakers grew more wary of inflation risks despite retaining a neutral stance

Robust currency demand amid rising digital payments muddles projection

The RBI's proposal to restrict flexible repayment loans by nonbanks could curb risks of bad-debt evergreening, but may also hurt self-employed workers and small businesses that rely on such credit

RBI has brought forward the deadline for its special FCNR(B) swap window to August 31. Here's what it means

The decision to reintroduce on-tap licensing for urban cooperative banks signals the regulator's growing confidence that governance reforms have created sufficient safeguards

RBI Governor Sanjay Malhotra said cooperation among BRICS central banks is crucial to building a resilient, efficient and inclusive global financial system.

Five months after the Iran war stoked fears of an oil-driven inflation surge and economic slowdown, resilient demand and easing price pressures are giving RBI officials more confidence

He said AI could become as significant to the current decade as liberalisation was to the 1990s and digitalisation to the 2010s

Subbarao said a move in June aimed at drawing more foreign currency by incentivizing non-resident Indians is "too costly" to justify if the main purpose is simply to bolster confidence in the rupee

Liquidity surplus at ₹3.48 trillion; RBI lines up ₹1.25 trillion VRRR