Page 30 - Finance News

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

Rupee rises 18 paise to 96.18 against US dollar on RBI intervention

At the interbank foreign exchange market, the rupee opened at 96.30 against the US dollar, then touched 96.18 in early trade, up 18 paise from its previous close

Don't lose sleep over rupee slide, 100 is just a number: Panagariya to RBI

Arvind Panagariya advised the RBI not to worry about the rupee crossing 100 against the dollar and said depreciation is the right response to the oil shock

RBI board may approve ₹2.8-3.3 trillion surplus transfer on Friday

Economists expect the RBI's FY26 surplus transfer to the government to exceed last year's record Rs 2.7 trillion dividend payout

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

Rupee recovers to 96.43 after hitting 100/USD in 1-year forward market

At the interbank foreign exchange market, the rupee opened at 96.25 against the dollar, then touched an early high of 96.05 and a low of 96.60 in intraday trade on Thursday

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

Banks need to push APY subscribers toward higher pension slab: DFS Secy

The flagship social security scheme, APY, has witnessed gross enrolments crossing the 9 crore mark, and in FY26, a record 1.35 crore new subscribers were added

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

Global investors expect rupee to weaken further with 100 in sight

The rupee was already under pressure before the West Asia conflict began, weighed down by widening external balances and foreign fund outflows

Rupee hits fresh record low of 96.90 against US dollar in early trade

On Tuesday, the Indian rupee slumped for the eighth consecutive session and ended 50 paise down at its record low of 96.70 against the US dollar

Rupee weakens past 96.5 against $, hits new low for 7th straight session

The rupee weakened to a fresh low against the dollar amid elevated crude oil prices, higher US Treasury yields, and continued foreign fund outflows

Credit card adoption rises in Tier-II, -III cities: SBI Card report

Rising incomes, digital adoption, and UPI-linked RuPay cards are accelerating credit card usage in smaller cities, according to SBI Card's latest report

RBI proposes revised capital adequacy disclosure norms for banks

Draft norms aim to align Indian banks with Basel Pillar 3 requirements and improve transparency, comparability, and market discipline

DFS secy holds workshop on overhauled IBC rules for banking sector

Workshop focused on amended IBC provisions, including group insolvency and cross-border resolution frameworks for stressed assets

EPFO to roll out WhatsApp chatbot for member queries amid rising grievances

EPFO plans to launch a WhatsApp-based chatbot to handle member queries, PF services, and grievance-related communication in regional languages

RBI to conduct five-day VRR auction on Wednesday for ₹1.5 trillion

The Reserve Bank of India will conduct a five-day variable rate repo auction to manage evolving liquidity conditions in the banking system

Rupee slips to lifetime low of 96.44 against US dollar as oil prices rise

A combination of high crude prices, underpinned by the prolonged US-Iran impasse, and subdued capital inflows is widening India's external imbalances and leaving the rupee vulnerable

RBI keeping close watch to see if supply shocks warrant policy action: Guv

RBI Governor Sanjay Malhotra said the central bank is monitoring whether supply shocks from the West Asia conflict trigger broader inflationary pressures

Stablecoins fail core tests of money; CBDC not risky: Reserve Bank of India

The Reserve Bank of India said stablecoins fail key tests of money and warned that such virtual digital assets pose financial stability and jurisdictional risks