Page 75 - Finance News
Rupee gains in volatile trade after RBI's big cuts; ends higher at 85.64/$
Indian Rupee today: The domestic currency appreciated 16 paise to end at 85.64 against the greenback, after closing at 85.80 on Thursday
 "Rupee gains in volatile trade after RBI's big cuts; ends higher at 85.64/$")
RBI Guv flags crypto concerns, says it may hamper financial stability
India is currently working on a discussion paper for cryptocurrencies and an inter-ministerial group (IMG), comprising officials from RBI, Sebi and finance ministry, is looking into global norms
 "RBI Guv flags crypto concerns, says it may hamper financial stability")
RBI set to ease rules for small-ticket gold loans: Guv Sanjay Malhotra
In April, the Reserve Bank of India had proposed stricter rules for monitoring and disbursement of gold loans, which are often used by low-income borrowers
 "RBI set to ease rules for small-ticket gold loans: Guv Sanjay Malhotra")
5 key takeaways from RBI MPC June meet: Rate cut, CRR, inflation and more
RBI MPC's latest decisions come amid easing inflationary pressures and continued challenges to economic growth. Here are the highlights from the central bank's June policy meet
 "5 key takeaways from RBI MPC June meet: Rate cut, CRR, inflation and more")
RBI policy: MPC cuts repo rate by 50 bps to 5.5%, shifts stance to neutral
RBI Monetary Policy Committee maintained its GDP growth forecast for FY26 at 6.5%, lowered inflation forecast to 3.7%
 "RBI policy: MPC cuts repo rate by 50 bps to 5.5%, shifts stance to neutral")
RBI cuts CRR by 1%, to unlock ₹2.5 trillion to banking system by Dec
With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent
 "RBI cuts CRR by 1%, to unlock ₹2.5 trillion to banking system by Dec")
Rise in repatriation sign of mature mkt: RBI Guv on moderation in net FDI
In 2024-25, foreign portfolio investment (FPI) to India dropped sharply to $ 1.7 billion, as foreign portfolio investors booked profits in equities
India's forex reserves dip by $1.2 billion to $691.5 billion as on May 30
The country's FX reserves are now about $13.4 billion below their all-time high hit in September 2024
 "India's forex reserves dip by $1.2 billion to $691.5 billion as on May 30")
RBI cuts repo rate by 50 bps to 5.5%, changes policy stance to neutral
Cash reserve ratio cut by 100 basis points to 3%, adding to already surplus liquidity
 "RBI cuts repo rate by 50 bps to 5.5%, changes policy stance to neutral")
RBI MPC Meet June 2025: When and where to watch rate decision live
RBI Governor Sanjay Malhotra will announce the outcome of the June MPC meeting at 10 am today, with live broadcast on YouTube, RBI's X handle and official website
 "RBI MPC Meet June 2025: When and where to watch rate decision live")
Rupee slides ahead of RBI MPC rate decision; opens lower at 85.87/$
Indian Rupee today: The domestic currency depreciated 7 paise to open at 85.87 against the dollar, after closing at 85.80 on Thursday
 "Rupee slides ahead of RBI MPC rate decision; opens lower at 85.87/$")
June RBI MPC expected to deliver third rate cut as inflation, growth ease
With inflation easing and growth momentum weakening, RBI is widely expected to cut the repo rate by 25 bps to 5.75% at its June 6 MPC meeting, continuing its accommodative stance
 "June RBI MPC expected to deliver third rate cut as inflation, growth ease")
Govt flags bank staff safety, services operations to chief secretaries
Writes to chief secys after incidents of people behaving inappropriately with bankers
 "Govt flags bank staff safety, services operations to chief secretaries")
RBI's June MPC review: Terminal rate and policy tone to be in view
The six member monetary policy of the RBI has reduced the policy repo rate by 25 bps each in the two previous policy review meetings, in February and April
 "RBI's June MPC review: Terminal rate and policy tone to be in view")
Centre hikes central deputation allowance for certain category of officers
At present, during their tenure as Under Secretary, Deputy Secretary, or Director, the officers are paid CDTA at the rate of 10 per cent of their basic pay
 "Centre hikes central deputation allowance for certain category of officers")
Rupee closes stronger despite headwinds; ends 10 paise higher at 85.80/$
Indian Rupee today: The domestic currency appreciated 10 paise to close at 85.80 against the dollar, after closing at 85.90 on Wednesday, according to Bloomberg
 "Rupee closes stronger despite headwinds; ends 10 paise higher at 85.80/$")
Bank holidays 2025: Banks to be closed this week for 2 days across India
Banks will be closed for two days this week in many cities nationwide due to Eid al-Adha or Bakrid 2025. However, online banking services remain available during the holidays
 "Bank holidays 2025: Banks to be closed this week for 2 days across India")
Rupee trades slightly higher amid weak oil prices; opens at 85.87/$
Indian Rupee today: The domestic currency appreciated 3 paise at open to 85.87 against the greenback, after closing at 85.90 on Wednesday
 "Rupee trades slightly higher amid weak oil prices; opens at 85.87/$")
Banks may hold back on fresh loans to Vodafone Idea as AGR clouds linger
Supreme Court (SC) had dismissed petitions by telecom companies Vi and Airtel seeking a waiver on paying interest, penalty, and interest on penalty components as part of their long-standing AGR dues
 "Banks may hold back on fresh loans to Vodafone Idea as AGR clouds linger")
Rupee weakens past 86 per dollar on FPI outflows, import demand
The rupee fell past the 86 mark on dollar demand from importers and FPIs, before recovering slightly on suspected RBI intervention in currency markets
 "Rupee weakens past 86 per dollar on FPI outflows, import demand")