Page 5 - Finance News

RBI consolidates governance norms for risk, compliance and audit functions

Revised framework mandates independent control functions led by CRO, CCO and HIA, with fixed tenures and enhanced board oversight from January 2027

India's outward FDI commitments halve from April high, rise 35% on year

Guarantees, equity investments and loans declined from April levels, though total overseas commitments remained significantly higher than a year earlier

Govt extends microfinance guarantee scheme, raises loan cap to ₹1,000 cr

As of date, loans totalling ₹770 crore have been sanctioned under the scheme, the Finance Ministry said in a statement

RBI likely stepped in to support rupee, conducts swaps, say traders

The rupee was at 95.27, up modestly ‌on the day after hitting an intra-day low of 95.5625 in early trading

Rupee falls 15 paise to 95.56 against US dollar during early trade

According to traders, the Indian rupee is trading with a negative bias and remains under severe pressure due to renewed geopolitical tensions in West Asia

FCNR (B) returns: Rate differential may cloud inflows despite RBI support

Bankers expect FCNR(B) inflows of $20-45 billion as RBI absorbs hedging costs, though a much narrower India-US interest-rate differential may limit leverage-driven participation

RBI opens FCNR(B) swap window to attract foreign-currency deposits

The facility will allow banks to raise fresh three- to five-year FCNR(B) deposits at lower hedging cost, helping support foreign inflows and the rupee

Rupee rises 20 paise to 95.41 against US dollar as West Asia tensions ease

At the interbank foreign exchange market the rupee opened at 95.47, then touched 95.41, registering a gain of 20 paise from its previous close

RBI's latest measures may have steadied rupee, but risks far from over

RBI's incentives may attract short-term foreign inflows and ease pressure on the rupee, but they do little to address weak FDI and sustained foreign investor outflows

Fund managers see duration headwinds easing, but await better entry points

RBI and government measures to attract foreign capital have improved sentiment in the bond market, but most fund managers continue to favour shorter-duration papers

Panchayat ministry proposes CAG audit of local body 'empowerment'

Committee report recommends dedicated State Finance Commission units, Panchayat-level fiscal databases and standardised accounting practices to strengthen local fiscal devolution

RBI exempts FCNR(B), ECB swap positions from banks' NOP-INR limits

The move is expected to support recently announced measures to attract foreign capital, while easing regulatory constraints on banks participating in RBI swap facilities

RBI launches FCNR(B) swap facility, allows banks flexibility on rates

The forex swap window, open until October 2026, will enable banks to mobilise fresh FCNR(B) deposits while the RBI bears the hedging cost on eligible inflows

Big Bond Bang reignites hopes for Indian Gsec in global portfolios

Bloomberg's review of its flagship global index is scheduled for mid-June this year

RBI likely to join Asia's rate-hike push as inflation pressures rise

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

Rupee defence lifts RBI's net short dollar book past $110 billion mark

RBI ramped up its interventions after the rupee weakened to a record low on May 20, almost hitting the 97 per dollar mark

Goldman Sachs sees rupee weakness capped after RBI's steps to boost inflows

Goldman's comments hold significance as the rupee fell to a new low of 96.9650 per dollar last month amid a surge in global crude prices and record overseas outflows from equities

Rupee declines 17 paise to 95.35 against US dollar in early trade

On Friday, the rupee appreciated 56 paise to close at 95.18 against the US dollar, marking its strongest single-day gain in almost two months

Reserve Bank of India issues advisory for Mythos-related cyber threats

RBI prepared for handling cyber security threats related to Mythos, says DG Swaminathan

Monetary policy: RBI Governor Sanjay Malhotra's optimism and caution

RBI sees India's economy as resilient, but warns that geopolitical tensions, rising oil prices, inflation risks and a weak monsoon could test growth