Page 2 - Finance News

RBI's gold stock remains unchanged for the eighth consecutive week

The stock had increased from 880.34 metric tonnes in the week ended March 20 to 880.52 metric tonnes in the week ended April 3. The physical stock of gold has remained unchanged since then

RBI net sold $8.944 billion in spot market in April, says bulletin

This is the second consecutive month of selling by the central bank amid pressure on the Indian rupee

IREDA, Godrej and others raise ₹4,165 crore through bond issuances

IREDA, Godrej Industries, Embassy Office Parks REIT and India Infradebt tapped the debt market as easing funding costs and investor demand supported issuances

Rupee falls 15 paise to 94.48 against US dollar during early trade

At the interbank foreign exchange market the rupee opened at 94.42, registering a decline of 9 paise from its previous close

Liquidity view fuels CRR hike possibility as RBI moves lift inflow outlook

Expectations of stronger forex inflows have sparked talk of an RBI CRR hike if surplus liquidity builds sharply by August

RBI's M&A norms: HSBC India funds Waaree's ₹1,255 crore acquisition

The transaction marks one of the first acquisition financing deals executed by a private or foreign bank under the RBI's revised framework for bank-funded acquisitions

RBI revamps Lead Bank Scheme, strengthens district credit planning

The revised framework formalises block-level credit planning, strengthens Lead District Manager offices and sharpens accountability across banking committees

Datanomics: FCNR (B) share in NRI deposits halves over the past decade

FCNR(B) deposits have lost ground in NRI portfolios over the past decade, prompting the RBI to ease rate restrictions to attract fresh inflows

Banks told to report daily FCNR (B), ECB inflows under RBI swap facility

Banks have been asked to furnish daily details of FCNR(B) deposits, ECBs and OFCBs mobilised under the RBI's concessional swap facilities announced on June 8

RBI defers implementation of revised KCC directions to January 2027

The central bank has postponed implementation of revised Kisan Credit Card norms by six months after considering operational and technology-related concerns

After a period of consolidation, microfinance sector shows signs of revival

India's microfinance sector is seeing early revival signs as lenders prioritise asset quality and portfolio consolidation over aggressive loan growth after two years of slowdown

Banks' demand muted at RBI's VRR auction despite lower surplus liquidity

Banks bid for only ₹16,750 crore against the notified amount of ₹1 trillion, reflecting limited demand for short-term funds

Rupee rises 20 paise to 94.20 against US dollar as Hormuz blockade ends

At the interbank foreign exchange market the rupee opened at 94.30, then gained momentum and touched 94.20, registering a gain of 20 paise from its previous all-time closing low

RBI steps up dollar buying to rebuild reserves, manage forward book

The central bank is using the rupee's recent strength to replenish foreign exchange reserves and manage its large short dollar forward position, dealers said

RBI move to remove FCNR(B) deposit rate cap opens room for further hikes

Banks, especially smaller lenders, may raise FCNR(B) deposit rates further after RBI temporarily removed the interest-rate ceiling on select maturities

RBI to conduct 3-day VRR auction on Friday, aims to infuse ₹1 trillion

The central bank will conduct a three-day variable rate repo auction to address evolving liquidity conditions after surplus liquidity moderated due to advance tax outflows

Net direct tax collections rise 14.6% to ₹5.21 trn till June 17 in FY27

Gross direct tax collections increased 12.46 per cent to ₹6.1 trillion from ₹5.4 trillion recorded a year earlier

Rupee's oil-led gains capped by RBI FX book, hedging flows: Bankers

The RBI's short-dollar ​forward book is estimated to have ballooned to an all-time high of nearly $110 billion, according to two ‌officials at foreign banks, up from $96 billion in April

Citigroup scraps calls for RBI hikes as Iran deal cools price risks

India, which is heavily reliant on oil imports from the West Asia, faces headwinds from higher energy prices as well as forecasts of a weaker monsoon season as El Niño weather phenomenon takes hold

Rupee falls 21 paise to 94.71 against US dollar during early trade

Forex traders said the dollar Index rose to 100.23 levels, a 4-month high, due to a hawkish FED