Page 8 - Rbi

Rupee to fall more, yield curve to shift higher in H2FY27: Gaura Sengupta

The rupee is expected to depreciate further against the US dollar, with RBI becoming increasingly selective in its intervention strategy, said Gaura Sengupta, chief economist, IDFC First Bank

FCNR(B) impact: RBI's net short forward book swells to record $200 billion

RBI's net short dollar position in the forward book surged to $200.06 billion at August-end as FCNR(B) flows boosted longer-tenure forward positions

After trade war, capital war?

Whether the AI bubble bursts or the borrowing binge continues, India will need to strengthen its defences

Sebi, RBI working to ease FPI onboarding, facilitate bond indices: Pandey

Regulators are working to make FPI registration faster and digital, streamline KYC and facilitate bond indices as foreign investor access to Indian markets expands

Best of BS Opinion: RBI's currency intervention must be limited

From RBI intervention in the rupee and questions over electoral-roll revisions to distressed assets, India's growth challenges and political grief, today's opinions examine institutional and economic

Rupee recoups intraday losses as RBI intervenes via dollar sales

The rupee recovered from an intraday low of 96.15 per dollar to close flat at 95.99, aided by RBI intervention, softer crude prices and foreign inflows

Distressed assets need a market

The IBC requires a wider pool of investors willing to price distress

Managing the rupee

RBI's currency intervention must be limited

RBI panel suggests higher WMA limit for states, flags year-end borrowing

Panel proposes raising aggregate WMA limit by 11.2% to ₹67,839 crore and urges states to spread market borrowings more evenly across the financial year

Nomura projects terminal repo rate of 5.75% following Oct, Dec hikes

The Reserve Bank of India (RBI) is likely to raise rates by 25 basis points in both October and December policy review meetings, reaching a terminal rate of 5.75 per cent, according to Japanese brokerage Nomura. The terminal rate represents the maximum or minimum target rate expected within a tightening or easing cycle, respectively. The likelihood of interest rate hikes is expected to decline starting in February 2027, driven by anticipated weaker consumer spending and a softer inflation outlook for the coming year. "The RBI hikes by 25 basis points in each of October and December to a terminal rate of 5.75 per cent, though there is some risk of a one-and-done hike. "We see the probability of rate hikes diminishing from February 2027 onwards, because of a potential consumption slowdown and a lower year-ahead inflation outlook," global financial services group Nomura said in a report on Tuesday. On inflation, Nomura expects cyclical pressures from food and energy prices to push up

Bank holidays in October 2026: Check state-wise RBI holiday list of 11 days

Banks in India will be closed for many days in Oct 2026, including national and regional holidays. The RBI's holiday calendar marks numerous non-working days affecting banks state-wise

Building investor trust: Key task at hand for new HDFC MD and CEO

The new chief will need to revive retail and deposit growth, rebuild CASA, improve margins and strengthen investor communication after years of stock underperformance

NRI deposit flows surge over 6x to $36.2 bn in Apr-Jul FY27: RBI data

FCNR(B) deposit flows surged to $34.53 billion in April-July FY27, while outward remittances under the LRS rose 4.7 per cent year-on-year to $9.37 billion

RBI net dollar purchases hit record $18.65 bn in July: Monthly bulletin

The central bank's concessional swap facility drove dollar inflows, while its outstanding net short position in the forward market surged to a record $136.77 billion

High credit-deposit ratio does not signal funding vulnerability: RBI report

Loans themselves result in the creation of deposits; RBI report says the CD ratio should be assessed alongside liquidity, capital and other prudential indicators

75% traders may avoid UPI levy; ‘No UPI Day’ on Oct 2; banks to stay open on Sunday & more

According to NPCI MD and CEO Dilip Asbe, around three-fourths of India’s more than 60 million digital payment-accepting merchants have never recorded a transaction above ₹2,000 and are insulated from

Forex reserves fall $14.9 billion, sharpest weekly drop since Nov 2024

Foreign currency assets fell $14.8 billion during the week ended September 18, with an economist attributing $10.9 billion of the decline to actual dollar sales

MFIs to seek higher household income threshold for microfinance borrowers

To widen borrower eligibility, the microfinance industry wants the household income threshold increased to Rs 300,000 per annum to adjust for inflation in the past five years since it was last hiked.

India's forex reserves fall $14.89 billion to $766 billion: RBI data

India's forex reserves dropped by USD 14.881 billion to USD 765.901 billion during the week ended September 18 due to a fall in foreign currency assets, according to the RBI data released on Friday. In the previous reporting week, forex reserves had fallen by USD 4.924 billion to USD 780.782 billion. For the week ended September 18, foreign currency assets, a major component of reserves, fell by USD 14.816 billion to USD 630.980 billion, according to the data released by the Reserve Bank of India (RBI). 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 foreign exchange reserves. The value of gold reserves increased by USD 68 million to USD 111.292 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down USD 106 million to USD 18.739 billion. India's reserve position with the IMF stood at USD 4.89 billion.

BoP pressure likely to remain a challenge: CEA V Anantha Nageswaran

"India does not have the luxury of a binary choice between manufacturing and services. It has to do both" says Anantha Nageswaran Chief Economic Advisor