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Short-term fluctuations, including FDI outflows closely monitored: RBI Guv

Short-term fluctuations, including net FDI outflows and exchange rate movements, are cyclical in nature and are being closely monitored, RBI Governor Sanjay Malhotra said. He was speaking at a round-table hosted by Consulate General of India in New York on Monday. A press release was issued the next day. Malhotra highlighted the ongoing reforms to simplify regulatory frameworks, enhance ease of doing business, expand market access for foreign investors, and further integrate onshore and offshore markets. The round-table was attended by over 100 representatives from financial institutions, investment firms and policy circles, including participants from banks, asset management firms, family offices, capital management firms, institutional investors, wealth managers, and other industry professionals. During the session, RBI Chief General Manager Dimple Bhandia gave a presentation, highlighting the country's strong macroeconomic fundamentals, resilient financial sector, and consistent

RBI draft norms recast PPI rules, tighten limits and interoperability

RBI proposes new PPI norms to tighten risk controls, enable interoperability with UPI and cards, and streamline wallet classification

Committed to a single global dollar-rupee market: RBI dy guv Sankar

RBI said its curbs on derivative positions are temporary, reaffirming commitment to a unified global dollar-rupee market and long-term rupee internationalisation

RBI proposes measures to strengthen Prepaid Payment Instruments framework

The RBI on Wednesday proposed several measures to develop a more conducive framework for the long-term growth of Prepaid Payment Instruments (PPIs), including enhanced transaction security and clearer rules on refunds and grievance redressal. PPI is a payment instrument in which money is loaded and which facilitates subsequent transactions utilising the fund. These instruments are categorised as general purpose PPI, gift PPI, transit PPI, PPI for NRIs, besides certain other specific purpose PPI. RBI said that as part of its continued efforts to develop a conducive framework for long-term growth of PPIs with enhanced security of transactions, a comprehensive review of the extant guidelines has been undertaken. Accordingly, a draft Master Direction on Prepaid Payment Instruments was issued, and comments were invited by May 22, 2026. A bank permitted by RBI to issue debit cards can issue PPIs, with prior intimation to the Department of Payment and Settlement Systems (DPSS), Central ..

MPC members voted for status quo on rates amid W. Asia crisis: RBI minutes

Members of the Reserve Bank's rate-setting panel voted for the status quo on interest rates earlier this month, citing uncertainties posed by the West Asia crisis and its impact on inflation, according to minutes of the Monetary Policy Committee (MPC) released on Wednesday. RBI Governor Sanjay Malhotra opined that the West Asia conflict poses challenges to the Indian economy through a number of channels exports, supply of critical commodities, elevated energy and other commodity prices, remittances, uncertainty, and subdued global demand. Overall, geopolitical uncertainties have intensified with the conflict widening its spread over the last month, he said. As a result, supply chain disruptions, which may take longer to subside fully and restore the logistics network, pose downside risks to the growth and upside risks to inflation. "As for monetary policy, this represents a supply shock. The underlying inflation pressures, minus the shock, are contained. "If the conflict remains .

Best of BS Opinion: West Asia risks, RBI stance, AI, GDP debate

From West Asia tensions and RBI policy signals to AI in drug trials, fiscal risks, GDP debates and India-China strategy, today's BS Opinion offers a wide-ranging view of key economic and geopolitical

RBI allows issuers to map existing e-mandates if cards are reissued

The Reserve Bank on Tuesday allowed card issuers to map existing e-mandates to reissued cards. In the consolidated directions on digital payments governing the e-mandate framework, the central bank directed issuers to provide details of the grievance redressal in a post-transaction notification to the customer. The changes in instructions on e-mandates were based on feedback from stakeholders, the RBI said. The notification also said no charges shall be levied on customers for availing of the e-mandate facility for recurring transactions, and an acquirer shall ensure compliance with directions by merchants onboarded by them. As per consolidated directions, the RBI said an appropriate dispute redressal system shall be put in place by the issuer to facilitate the customer to lodge grievances, and RBI instructions on limiting liability of customers for unauthorised transactions shall be applicable to recurring transactions under e-mandates as well. The central bank said recurring ...

Domestic production of oil, gas ramped up amid West Asia crisis: RBI Guv

The current crisis in West Asia significantly impacts India, as the region accounts for approximately one-sixth of the country's exports, half of its crude oil imports, and nearly two-fifths of the inward remittances, Reserve Bank of India (RBI) Governor Sanjay Malhotra said. During his address at Princeton University on April 18, 2026, the governor highlighted that the Indian economy has demonstrated resilient growth over the past decade, supported by robust policy frameworks, financial stability, and sound fiscal policies. He noted that, in response to the ongoing crisis, India is increasing its domestic production of oil and gas. "Sources of imports are being diversified. While there is no shortage of oil, given the reserves maintained by us, there is some rationing of gas for industrial purposes," he said. Malhotra emphasised that while oil marketing companies and the government have absorbed some of the price pressures in oil, a portion of the pressures on gas prices has been .

RBI partially eases rupee NDF curbs on banks after market stability

Market participants said the central bank now sees lower arbitrage risk after banks complied with the April 10 deadline

India Inc's ECB, FCCB intent moderated to $4.59 billion in February

Overseas borrowing proposals decline from January peak, with NBFCs and renewable firms leading intent to raise funds via ECBs and FCCBs

Outbound FDI surged 27.5% in March to $7 billion, shows RBI data

Rise in overseas investment driven by sharp jump in guarantees, even as equity commitments and loans show mixed trends, RBI data indicates

Forex curbs cannot last as rupee internationalisation is RBI's top agenda

India's forex reserves, at $700.9 billion, though lower than their late-February peak, are adequate. Selling dollars to arrest currency depreciation cannot be a never-ending process

RBI partially withdraws restrictions on certain rupee derivative trades

The central bank had also stopped authorised dealers from entering into any FX derivative contract involving INR with their related parties

Rupee rises 13 paise to 92.78 against US dollar during early trade

The rupee appreciated 13 paise to 92.78 against the US dollar in early trade on Monday, following a sharp drop in crude oil prices amid hopes of easing geopolitical tension and the impact of the Reserve Bank's measures. Forex traders, however, said the currency is likely to stay range-bound with the situation in West Asia remaining volatile after Iran closed the Strait of Hormuz for shipping. At the interbank foreign exchange market, the rupee opened at 92.73 and moved up to 92.70 level before trading at 92.78 against the greenback in early deals, up 13 paise from the previous closing level. The rupee strengthened 28 paise to settle at 92.91 against the US dollar on Friday, a day after gaining 19 paise in the preceding session on Thursday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.22 per cent at 98.11. Brent crude, the global oil benchmark, was trading 5.34 per cent down at USD 95.21 per barrel in futures ...

FIEO urges RBI to provide liquidity support amid West Asia conflict

India's export sector has held up well despite a year marked by geopolitical tensions, tariff volatility, said SBI's Ghosh

Govt belatedly lists major banks authorised to import gold and silver

List of 17 banks valid until March 2029; delay briefly disrupted bullion mkt

RBI mops up ₹2 trillion through VRRR auction amid surplus liquidity

Central bank absorbs surplus liquidity as banks bid Rs 2.28 trillion in VRRR auction, reflecting robust demand amid easing liquidity conditions

Irdai seeks detailed data on distributor commission of life insurers

Insurance companies have shared the data on distributor commissions with Irdai as the regulator reviews distribution models amid concerns over high costs but are yet to get a response

India's forex kitty jumps $3.8 billion to reclaim $700-billion mark

India's forex reserves jumped USD 3.825 billion to USD 700.946 billion during the week ended April 10, says RBI. In the previous reporting week ended April 3, the overall reserves had jumped USD 9.063 billion to USD 697.121 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year, before the onset of the Middle East conflict which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. For the week ended April 10, foreign currency assets, a major component of the reserves, increased by USD 3.127 billion to USD 555.983 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of gold reserves increased by USD 601 million to USD 121.343 billion during the week, the

Govt lists banks allowed to import gold, silver after delay disrupts flows

Authorised by the RBI, the order permits 15 banks, including the State Bank of India, HDFC Bank, and Bank of India, to import both gold and silver from April 1, 2026, to March 31, 2029