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Forex interventions proven to mitigate capital flow volatility: RBI report

It examined the effectiveness of the RBI's forex interventions and found that the primary driver of exchange rate volatility in India is the fluctuation in portfolio flows caused by global spillovers

Growth set to rebound, food inflation needs monitoring: RBI report

Banks reluctant to lend in money markets amid tight liquidity conditions

RBI sold record $20.2 billion in November to back rupee amid FPI outflows

Forward book dollar deficit ballooned to $58.9 bn

HSBC India gets RBI approval to open 20 new branches in 20 cities

HSBC India's branches in the country will now go up to 46

Flows in NRI deposits up 71% in April-November 2024, shows RBI data

Total outstanding NRI deposits stood at $162.7 billion

Use '1600xx' number series to call customers for transactions: RBI to banks

The RBI on Friday asked banks to use only the 1600xx' phone numbering series to call customers for transactional purposes with a view to preventing financial fraud. It further said that for promotional purposes, banks and other regulated entities (REs) should use only the '140xx' numbering series for the prevention of financial frauds perpetrated using voice calls and SMS. Banks and other regulated entities (REs) have also been asked to monitor and clean their customer database. The proliferation of digital transactions, while offering convenience and efficiency, has also led to a surge in frauds, a pressing concern underscoring the need for concerted action, said a Reserve Bank circular to REs. The mobile number of a customer has emerged as a ubiquitous identifier, instrumental in the account authentication and verification process, receiving sensitive payment communication, such as OTPs, transaction alerts, and account updates. "The mobile number, however, can also be misused by

Economic growth poised to rebound as demand regains strength: RBI Bulletin

India's economic growth is poised to rebound as domestic demand regains strength, though the stickiness in food inflation warrants careful monitoring, the latest RBI Bulletin released on Friday said. An article on the 'State of the Economy' published in the January Bulletin also noted that the economic outlook for 2025 is divergent across countries with some loss of speed in the US; weak-to-modest recoveries in Europe and Japan; more moderate growth profiles in emerging and developing countries alongside a more gradual disinflation relative to advanced economies. "In India, there is a conducive quickening of high-frequency indicators of economic activity in the second half of 2024-25, bearing out the implicit pick-up in real GDP growth for this period in the annual first advance estimates of the NSO," it said. It further said, the headline inflation eased for the second successive month in December, although the stickiness in food inflation warrants careful monitoring of second orde

Misguided rhetoric on rupee: Clearing doubts on depreciation, RBI action

Let us look at the data. We find out technically that there was a regime shift in terms of movements in the value of the rupee when it crossed 80 to the dollar in August 2022

Tata Sons' de-registration application under consideration, says RBI

On Thursday, the regulator released the list of NBFC-UL for 2024-25 in which 15 entities are named, same as financial year 2023-24. No new NBFCs were included in the list for FY25

RBI issue revised guidelines for inoperative accounts, unclaimed deposits

Purpose is to assist bank customers and consolidate operational instructions on inoperative accounts

RBI updates Fema regulations to boost cross-border rupee transactions

The RBI has updated FEMA regulations to encourage cross-border INR transactions, including settling trade, investments, and export payments, with foreign currency accounts allowed

RBI must shun excessive forex market intervention, says former head

Rupee tested a series of new lows recently, slipping to an all-time low of 86.7025 per dollar on Jan 14, and rose 0.3 per cent on January 15

RBI to conduct daily VRR auctions from Friday to infuse liquidity

Move to ease liquidity concerns; set to begin with Rs 50,000 crore

Why did RBI replace flexible exchange rate with de facto peg against dollar

The RBI must come out with an official explanation, but until it does, we can only guess. But there are a few reasonable hypotheses

RBI rejigs deputy guv portfolios; Rajeshwar Rao takes monetary policy dept

The government has already started the process of finding a successor for Patra

RBI Governor Malhotra shows willingness for a more flexible rupee

Malhotra showed keen interest in the RBI's currency intervention functions and expressed no opposition when his team explained the recent movements in the rupee and the need to allow it to depreciate

RBI likely to manage FX reserves judiciously amid global headwinds

The Reserve Bank of India will continue to intervene as and when necessary to smoothen volatility, but won't go against the tide and massively intervene to protect any levels

Is foreign exchange rate stability desirable? Not really, data shows

RBI showing greater tolerance for exchange rate under Governor Malhotra

Ahead of Feb policy, RBI guv Malhotra to meet bank chiefs on Thursday

The interaction is part of the pre-monetary policy consultations

Best of BS Opinion: How much change and continuity can we expect this year?

The best of Business Standard's opinion pieces for today, curated for you