Page 87 - Finance News
Rupee's REER eases to 101.49 in March, says RBI's monthly bulletin
Outstanding forward market short position climbs to $88.7 billion
 "Rupee's REER eases to 101.49 in March, says RBI's monthly bulletin")
High SDF balances signal asymmetric liquidity conditions: RBI Bulletin
RBI report highlights precautionary cash hoarding and uneven fund distribution in banking system
 "High SDF balances signal asymmetric liquidity conditions: RBI Bulletin")
RBI asks banks to complete migration to bank.in domain by October 31, 2025
The actual registration process was expected to commence from April, with detailed guidelines to be issued later
 "RBI asks banks to complete migration to bank.in domain by October 31, 2025")
NRI deposit inflows jump 23% till February: RBI's monthly bulletin
NRIs inflows in deposits grew by $14.55 billion between April 2024 and February 2025, against $11.8 billion during the same period a year ago, according to the Reserve Bank of India (RBI)
 "NRI deposit inflows jump 23% till February: RBI's monthly bulletin")
Repatriation drags down net FDI to $1.5 billion in Apr-Feb: RBI bulletin
The State of the Economy report in the April 2025 bulletin noted that Singapore was the largest source of equity inflows with a share of 29.8 per cent, followed by Mauritius and the US
 "Repatriation drags down net FDI to $1.5 billion in Apr-Feb: RBI bulletin")
Trade war's hit on Indian economy likely to be limited, says RBI bulletin
The report also stated that the liquidity measures undertaken by the central bank since mid-January have helped to maintain orderly conditions in the money market
 "Trade war's hit on Indian economy likely to be limited, says RBI bulletin")
EY not involved in forensic audit of MFI business, says IndusInd Bank
As of the December quarter (Q3FY25), the bank's MFI portfolio stood at ₹32,564 crore, accounting for 9 per cent of its total loan book
 "EY not involved in forensic audit of MFI business, says IndusInd Bank")
Govt bond yields inch up following RBI's revised liquidity norms
The RBI has mandated a 2.5 per cent additional run-off factor for retail deposits linked to internet and mobile banking (IMB) facilities for commercial banks
 "Govt bond yields inch up following RBI's revised liquidity norms")
PSU banks lead incremental credit while share of private banks falls
Although non-food credit increased at a decelerating pace of 12 per cent year-on-year (Y-o-Y), compared to 16.3 per cent a year ago, according to the bulletin
 "PSU banks lead incremental credit while share of private banks falls")
Net $1.6 billion sold in spot FX market in February: RBI bulletin
The RBI said it purchased $45.03 billion and sold $46.6 billion. In January, the central bank had sold a net of $11.1 billion in the spot market
 "Net $1.6 billion sold in spot FX market in February: RBI bulletin")
Indian Rupee snaps five-day winning streak; Ends 7 paise weaker at 85.20/$
The domestic currency ended 7 paise weaker at 85.20 after closing at 85.13 against the greenback on Monday
 "Indian Rupee snaps five-day winning streak; Ends 7 paise weaker at 85.20/$")
Govt extends tenure of RBI Deputy Governor T Rabi Sankar by one year
This is the second one-year extension granted to him
 "Govt extends tenure of RBI Deputy Governor T Rabi Sankar by one year")
RBI's new liquidity norm to free up $35 bn, likely boosting credit growth
India's banking system, which has an estimated HQLA of almost ₹45 trillion to ₹50 trillion, could have an additional ₹2.7 trillion to ₹3 trillion in lendable resources
Rupee opens flat at 85.13/$ after five-day rally; Dollar weakness persists
The dollar index - a measure of the value of the US dollar relative to a basket of foreign currencies - was down 0.19 per cent to 98.08, the lowest since April 2022
 "Rupee opens flat at 85.13/$ after five-day rally; Dollar weakness persists")
No question of fiscal deficit going out of control: FM Nirmala Sitharaman
Sitharaman's comment comes at a time when forecasting agencies have pared down their FY26 growth estimates for India amid growing global uncertainty
 "No question of fiscal deficit going out of control: FM Nirmala Sitharaman")
RBI allows minors above 10 years to open bank accounts independently
Minors of any age can open and operate savings and term deposit accounts through their natural or legal guardian
 "RBI allows minors above 10 years to open bank accounts independently")
RBI mandates 2.5% additional run-off factor on digital retail deposits
Effective April 1, 2026, the final norms could help free up lendable resources by almost ₹3 trillion estimates ICRA
 "RBI mandates 2.5% additional run-off factor on digital retail deposits")
Rupee gains for 5th straight day, ends at 85.14 against US dollar
The dollar index falls 1.13% to 98.10, the lowest since April 2022; bond yields slump to multiyear low
 "Rupee gains for 5th straight day, ends at 85.14 against US dollar")
RBI permits minors above 10 yrs to operate bank accounts independently
The Reserve Bank of India has issued revised instructions on opening and operation in the deposit accounts of minors
RBI directs banks to increase run-off rates for digital deposits
The net impact of these measures will improve banks' liquidity coverage ratio as on December-end by around 6 percentage points, the Reserve Bank of India said in a release