Page 21 - Rbi

Outward LRS remittances rise 3.6% to $2.39 billion in May 2026: RBI

Higher overseas investments and deposit-related remittances lifted outward LRS flows in May, although spending on travel and overseas education declined

NRI deposit inflows fall 29% to $1.33 billion in April-May 2026: RBI

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

RBI net sells $6 billion in spot forex market in May amid volatility

The central bank remained a net seller of dollars in May to curb rupee volatility amid higher crude oil prices, though interventions eased from April levels

Foreign banks exhibit strongest rate transmission: RBI Bulletin

Foreign banks have exhibited the strongest transmission of the Reserve Bank of India's policy easing during the current rate-cut cycle, lowering both lending and deposit rates more sharply than their public and private sector peers, according to the RBI's bulletin. In its monthly bulletin released on Wednesday, the RBI said that during the easing cycle between February 2025 and May 2026, scheduled commercial banks (SCBs) reduced repo-linked external benchmark-based lending rates (EBLR) and marginal cost of funds-based lending rates (MCLR), with pass-through to fresh lending rates remaining particularly strong in infrastructure and other EBLR-mandated sectors. The bulletin showed that foreign banks cut weighted average lending rates (WALR) on fresh rupee loans by 1.24 percentage point, compared with 1.08 percentage point by private banks and 0.66 per cent by public sector banks. For outstanding rupee loans, foreign banks again led transmission with a 1.20 percentage point reduction,

RBI likely used dollar deposit surge to cut record FX forward book

The RBI's package of measures aimed at ‌supporting the rupee attracted more than $20 bn as of July 17, with more than four-fifths coming from foreign currency non-resident deposits mobilised by banks

RBI proposes easier FDI compliance regime, seeks public comments

Regulator proposes greater operational flexibility

Strong early response to swap window fuels $70 billion inflows hope

Foreign banks appear to have driven the early success of the RBI's swap scheme, say experts

Value of rupee market-determined with no specific level or band: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the rupee's value against the US dollar is market-determined and there is no target or specific band for the domestic currency. "The government closely tracks the trends in key economic parameters, including exchange rate movements, along with their implications for economic growth and fiscal stability. These issues are discussed at various fora at various levels of the government," she said in a written reply in the Rajya Sabha. On Tuesday, the rupee pared initial losses and settled 12 paise higher at 96.24 (provisional). Traders attribute the recovery to RBI's intervention. Sitharaman said the value of the rupee is market-determined, with no target or specific level or band, and RBI regularly monitors the foreign exchange market and intervenes in situations of excess volatility. Further, the RBI monitors key developments across the globe which may have an impact on the USD-INR exchange rate, she said. Various measures have been

RBI's inflow push gets strong start, fortifying India's balance of payments

In its first update since the scheme was launched in early June, the Reserve ‌Bank of India said the measures had mobilised $20.72 billion through July 17

Paytm Wallet comeback? One97 seeks RBI nod for fresh PPI licence

The fintech company is looking to revive its wallet business with a fresh PPI licence application, following the RBI's cancellation of Paytm Payments Bank's licence

New CEO will ensure continuity of strategy at South Indian Bank: Seshadri

Seshadri said as the bank is not offering leverage, their proposition is attractive to smaller depositors and customers in geographies where leveraged products do not enjoy tax advantage

Rupee weakens to 2-month intraday low on crude rally; RBI likely intervenes

The rupee slipped to a two-month intraday low as higher crude oil prices and West Asia tensions weighed on sentiment, with likely RBI intervention helping limit losses

RBI attracts $20.7 billion through forex steps to bolster capital inflows

The scale of ‌inflows is in particular focus for ​the rupee, which is facing renewed pressure ‌from a sharp rise in oil prices amid renewed hostilities in the Middle ‌East

India's outward FDI falls 47.9% to $3 billion in June: RBI data

India's outward FDI commitments fell 47.9 per cent year-on-year to $3 billion in June as equity, debt and guarantee commitments declined, according to RBI data

Empower Internal Ombudsmen, use feedback to strengthen institutions: RBI DG

RBI Deputy Governor says boards and senior management should ensure Internal Ombudsmen function independently and use complaint data to improve governance and customer service

Forex inflows from concessional swap scheme at $20.72 bn till July 17: RBI

The RBI said inflows under its concessional swap schemes reached $20.72 billion till July 17, led by FCNR(B) deposits, while India's outward FDI fell nearly 48 per cent in June

Lagging on FCNR (B) deposit collections, banks pin hopes on Sept-end rush

Banks expect FCNR-B deposit mobilisation to accelerate before the RBI's September 30 deadline, even as early collections by several public lenders trail their stated targets

RBI intervenes to support rupee as it nears record low on oil price surge

The Reserve Bank of India sold dollars in both offshore and onshore markets, traders familiar with the matter said

India FX traders eye oil prices, RBI defence; bonds bulls await index call

The rupee closed at 96.28 per dollar on Friday, down ​about 1% on the week, its steepest drop since May, the month in which the currency hit its all time-low of ‌96.96

HDFC Bank board to soon decide on CEO reappointment, says deputy MD

The Governance, Nomination and Remuneration Committee is expected to conclude the process soon before the proposal is sent to the RBI for regulatory approval