US Treasury expands its assessment framework for exchange-rate policies while concluding that India did not manipulate the rupee to gain a trade advantage
Draft amendments require commercial banks to issue securitisation notes in demat form while retaining the ₹1 crore minimum investment size for issuance and transfers
RBI Deputy Governor Rohit Jain says India must deepen bond, forex and derivatives markets, as bank financing alone cannot support the investment needed for Viksit Bharat
The central bank will issue 1 billion each of ₹10 and ₹20 polymer banknotes for field trials before taking a call on their regular issuance
Domestic currency outperformed Asian peers as falling crude oil prices, sustained foreign inflows and RBI intervention boosted sentiment and eased pressure
SBI Research now expects FCNR(B) deposits of $65-70 billion by the end of the scheme, significantly higher than its earlier estimate of $40-45 billion
The Reserve Bank of India's intervention on Monday was fairly large, with the central bank beginning to sell dollars when the rupee traded near 96.15 per dollar
India could attract USD 80 to USD 85 billion under the Reserve Bank's concessional swap facility scheme to encourage foreign currency inflows, a report said on Monday. Till July 17, of the total inflows under the scheme, Foreign Currency Non-Resident (Bank) or FCNR (B) deposits accounted for USD 17.406 billion, Overseas Foreign Currency Borrowings (OFCBs) contributed USD 1.97 billion and External Commercial Borrowings (ECBs) amounted to USD 1.342 billion. 'Ecowrap', an SBI research report, said the RBI figure of about USD 20 billion inflows till July 17 came as a "positive reprieve", chiefly with a smart FCNR(B) corpus of USD 17.4 billion. "Overall, we believe FCNR (B) deposits in the range of USD 65-70 billion should be received overall in scheme, and including OFCB and ECB at USD 80-USD 85 billion," it said. It further said that RBI data indicates FCNR(B) deposits worth USD 17.4 billion have been mobilised (till July 17) and the trend suggests that pubic sector banks are major ..
India's policy calendar this week will track industrial growth, debt management and forex reserves
Most of the $32 billion raised so far has come from the foreign currency non-resident deposit scheme, Malhotra said
Despite tech investment, rising complexity in frauds exposes governance gaps and digital vulnerabilities. There is an urgent need for stronger oversight
CareEdge Ratings says fresh loan rates fell faster than outstanding rates in FY26, with education, MSME, trade, large industry and housing leading the broad decline
Indian banks are preparing dollar bond issuances before the RBI's concessional swap window closes in December, seeking cheaper overseas funding options
The buyback will cover four government securities maturing in 2026 and 2027 as the Centre seeks to smooth its redemption profile and manage debt more efficiently
Liquidity surplus narrowed to ₹2,884 crore as credit growth outpaced deposits, though FCNR(B) inflows are expected to improve system liquidity in the coming weeks
Reserve Bank of India said the economy remains resilient, supported by healthy demand and strong industrial and services activity, while warning that the Iran war and a deficient monsoon pose risks
The rupee rose 5 paise to 96.48 against the US dollar in early trade on Thursday on possible intervention by the Reserve Bank even as heightened tensions in West Asia maintained pressure on global crude oil prices. FII outflows and sustained negative sentiments in the domestic equity markets added pressure on the local unit, while a weaker greenback provided some respite, forex traders said. At the interbank foreign exchange, the rupee opened at 96.53 before inching up to 96.48, up 5 paise from its previous close. The rupee depreciated by 28 paise to close at 96.53 against the US dollar on Wednesday. "State-owned banks were seen selling dollars -- widely viewed as intervention on behalf of the RBI -- around the 96.50 level, preventing a steeper depreciation but the closure remained lower for the rupee on Wednesday. Rupee remains near its all-time closing low and if oil prices keep rising we may see it crossing this level, too," Anil Kumar Bhansali, Head of Treasury and Executive ..
The central bank said resilient domestic activity, improving trade momentum and stronger foreign investment inflows point to a favourable outlook for the Indian economy
Higher overseas investments and deposit-related remittances lifted outward LRS flows in May, although spending on travel and overseas education declined
The moderation was driven by weaker inflows into NRE and FCNR(B) accounts, though recent RBI measures have triggered a sharp rise in fresh FCNR(B) deposits