Page 6 - Rbi

Individuals exempt from reporting foreign earnings; RBI to issue FAQs soon

Clarifying that individuals do not need to report imports or export earnings, the Reserve Bank on Wednesday said it will publish FAQs (frequently asked questions) shortly to quell "misunderstandings" around the recently implemented regulatory changes. Even in the case of entities, there is a provision for self-declaration up to a cap of Rs 10 lakh per bill, Governor Sanjay Malhotra said. Malhotra said the unified Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, implemented from October 1, get services players on par with merchandise entities when it comes to reporting requirements. "...individuals are not included with respect to the reporting requirements for contracts of a personal nature. There seems to be some misunderstanding on the reporting obligations. We will clarify through an FAQ shortly," Deputy Governor Rohit Jain said. He said the new regulations are aimed at simplification and promoting ease of doing business, and added that ..

RBI may hike interest rate further in December policy, say experts

With the RBI changing its monetary policy stance from 'neutral' to 'calibrated tightening ', experts on Wednesday said that the central bank would go for another rate hike of up to 50 basis points in its upcoming December policy. The next bi-monthly monetary policy is due on December 4. Earlier in the day, the Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent, its first increase in nearly four years, and signalled that further hikes could follow as rising inflation and a weakening currency prompt a policy pivot. Anticipating the rate hike by the RBI, Bajaj Finance has raised interest rates on its fixed deposits by 15 to 40 basis points across all tenures from 12 to 60 months. The revised rates take effect from October 7 and apply to both fresh deposits and renewals, Bajaj Finance said in a statement. The biggest increase is on longer tenures, it said, adding, interest rates on deposits for 31 to 60 months rise by 35 basis points for regul

Markets can be irrational in short term, rupee may be undervalued: RBI Guv

Malhotra said financial markets can be irrational in the short run and noted that measures including the REER suggest the rupee may be undervalued

RBI turns hawkish; what does it mean fixed-income investors? Experts decode

RBI's MPC hiked the repo rate by 25 basis points to 5.5 per cent from 5.25 per cent.

RBI allows account aggregator interoperability, enables CAS bank deposits

Customers will be able to access financial information through any NBFC-AA, while demat account holders can also view bank deposit details in consolidated statements

RBI MPC outcome: Experts see another 25-bps hike as inflation heats up

The Reserve Bank of India's Monetary Policy Committee unanimously hiked the repo rate by 25 basis points to 5.5 per cent from 5.25 per cent.

RBI changes stance to 'calibrated tightening': Here's what it means

The RBI's new calibrated tightening stance signals that further rate hikes remain possible as the central bank responds to inflation and economic risks

NBFC credit grows 15.8% in August, trails banks; gold loans surge 69%

NBFC retail credit grew 22 per cent year-on-year to ₹26.48 trillion in August, led by a 69.1 per cent surge in gold loans, while overall credit growth lagged banks

Will RBI join global central banks in raising rates as energy prices rise?

A look at some of the data points that the rate-setting panel may consider to take a decision

Will RBI raise interest rates? Why October’s decision matters | RBI MPC | Inflation | Repo rate

The Reserve Bank of India (RBI) could raise the repo rate by 25 basis points to 5.50 per cent on October 7, with eight of 10 economists in a Business Standard poll expecting a hike. Rising inflation,

RBI set for first rate hike in almost four years as rupee, inflation weigh

A hike would put the Reserve Bank of India alongside Asian peers that have already begun tightening and mark the first such move under Governor Sanjay Malhotra

This RBI cycle looks different

For the repo rate to remain an effective signal, the weighted average call rate needs to be aligned with it

RBI may continue liquidity absorption as it begins rate-hiking cycle

Core liquidity surplus remains around ₹10 trillion, keeping the focus on RBI's liquidity operations as markets expect a 25-basis-point repo rate increase this week

RBI told Tata Sons to find lawful course, not to list: SDTT trustees

Tata Trusts reiterate that RBI did not mandate Tata Sons listing, saying the regulator only asked the group to find a lawful alternative to retain its unlisted status.

RBI's panel starts monetary policy deliberations, 0.25 bps rate hike likely

The Reserve Bank's Monetary Policy Committee began its three-day meeting on Monday and is likely to raise rates by 25 basis points, aligning with the central banks' hawkish stance amid escalating conflicts in West Asia that pose risks for domestic inflation. An interest rate hike by the RBI in its upcoming monetary policy would mark a stance reversal, following rate cuts in 2025 and a prolonged pause thereafter, according to a PTI poll of 16 economists and bankers. "Insights, assessments, and the way forward-set to unfold soon," the Reserve Bank said in a social media post while announcing that the monetary policy statement will be announced on October 7 at 10 am. The last repo rate hike was in February 2023, when the RBI raised the rate by 0.25 per cent to 6.50 per cent. It kept the rate unchanged through 2023-24 before beginning its rate-cut cycle in 2025. Currently, the RBI's policy repo rate stands at 5.25 per cent. A majority of participants in the PTI poll expect a rate hike

RBI absorbs ₹2.10 trillion via VRRR auctions amid surplus liquidity

The Reserve Bank of India (RBI) on Monday absorbed Rs 2,10,192 crore liquidity from the banking system through two overnight Variable Rate Reverse Repo (VRRR) auctions, amid huge surplus liquidity in the system. During the first auction, the central bank received bids worth Rs 2,10,688 crore for a notified amount of Rs 2 lakh crore. It accepted Rs 2,00,050 crore at a weighted average rate of 5.24 per cent. However, the response from banks in the second auction was tepid, with just Rs 10,142 crore in bids for a notified amount of Rs 50,000 crore, which the central bank accepted fully. Over the last two months, the central bank has undertaken multiple VRRR auctions to absorb excess surplus liquidity from the banking system and align the overnight money market rates to the repo rate. Currently, liquidity in the banking system is estimated to be in surplus of around Rs 5.16 lakh crore as on October 4, as per RBI data. The banking system has been flush with liquidity due to heavy ...

India's bond yield curve poised to flatten as RBI drains surplus cash

The 5-10 year yield gap is expected to narrow as the RBI drains surplus cash, pressuring shorter maturities

Markets bet on RBI hike as inflation pressure builds, growth stays firm

Nearly 60% of ​economists polled by Reuters, 35 out of 61, expect a 25-basis-point rate hike at RBI's policy meeting ​on Wednesday

New Fema rules bring small service exporters into the reporting net

On October 1, the RBI updated a Master Direction consolidating various reports/ forms required to be submitted under Fema

Today's resilience may not imply tomorrow's immunity: RBI Governor Malhotra

Sanjay Malhotra said future crises could emerge from geopolitics, cyberattacks or technology failures, requiring resilience across banks, markets and financial infrastructure