The measures were aimed specifically at curbing arbitrage trades between the onshore market and the non-deliverable forward (NDF) market, per bankers
RBI holds rates and signals a prolonged pause, balancing strong domestic fundamentals against rising global risks and persistent uncertainty
RBI plans to revise board norms to reduce compliance burden and enable bank boards to focus more on strategy and policy, amid feedback from industry stakeholders
RBI Governor says banking system remains resilient despite recent fraud cases, with no systemic risks seen and strong regulatory oversight in place
RBI signals policy flexibility amid uncertainty, with stable growth outlook, no rate path commitment, and confidence in inflation control and financial stability
Banks could see Rs 35,000 - Rs 40,000 crore freed up of IFR corpus through reversal
RBI allows NBFCs, corporates and AIFIs to participate in term money market to deepen liquidity, improve price discovery and strengthen policy transmission
RBI proposes removing due diligence requirement for MSMEs on TReDS platform to improve access to working capital and encourage wider participation
The Reserve Bank of India on Wednesday said "excessive speculation" on the rupee prompted surprise actions on the currency front in the last fortnight, but clarified that its measures will not remain forever. "In the last few weeks of March, we have witnessed heightened volatility in the foreign exchange market. These measures are reactions to the specific market movements. They are not signalling any structural changes. These are not measures going to remain forever," Malhotra said in a post-policy press conference. Deputy Governor T Rabi Sankar said there was an "artificial drying up" of supply in the market during those days, which led to the measures. The comments from the apex bank came for the first time after it capped NOP (net open positions)-rupee positions in the onshore deliverable market at USD 100 million and barred authorised dealers from offering non-deliverable forwards. The first measure helped the local currency to appreciate sharply, but gains were reversed withi
RBI says average monthly payouts of unclaimed deposits rose to Rs 760 crore after campaigns and incentives, up from Rs 180 crore earlier, reflecting improved recovery efforts
Forex reserves rose to $697.1 billion as of April 3, per the latest data, from $688.06 billion in the previous week
While the Iran-US ceasefire has triggered a risk-on rally, amid falling oil prices, and improved investor sentiment, Apruva Sheth writes that the RBI policy will decide long-term trend sustainability
RBI, on Wednesday, kept repo rate unchanged at 5.25% but trimmed FY27 growth outlook. Pankaj Pandey of ICICI Securities explains the policy impact onequity markets, bond yields, and investor strategy
West Asia conflict shifts RBI tone to caution; Rajkumar Singhal suggests investment strategy as RBI cuts growth outlook, raises inflation forecast
On the growth side, the RBI has maintained a positive outlook, projecting gross domestic product (GDP) growth at 6.9 per cent for FY27
RBI flags inflation risks and trims FY27 growth to 6.9% despite US-Iran ceasefire relief. Gaura Sengupta highlights 5 key risks that RBI policy flags for India's economy
RBI maintained that the weighted average call rate (WACR) is its operative rate, and it aims to keep it as close to the policy repo rate as possible
In a bid to promote ease of doing business, Reserve Bank Governor Sanjay Malhotra on Wednesday proposed to revise and rationalise guidelines to facilitate better utilisation of bank board's time and draft directions in this regard would be released shortly. The matters to be placed before the Boards of banks, along with their periodicity, are determined by the Boards themselves, guided by the seven broad themes prescribed by the Reserve Bank of India. Meanwhile, the Reserve Bank has also mandated certain policies and matters to be placed before the Board for approval, review, or information. "In an endeavor to enable Boards to utilize its time effectively, and to facilitate a more focused and qualitative engagement on strategy and risk governance, the Reserve Bank has undertaken comprehensive review and rationalisation of all such instructions. Draft directions in this regard will be issued shortly for public consultation," RBI said in its statement on Developmental and Regulatory .
RBI Governor Sanjay Malhotra said the West Asia conflict has raised risks to growth and inflation via oil, trade, and supply chains, but government steps on supply chains and exports may limit the imp
RBI MPC meet: In the February policy review, the MPC kept the repo rate unchanged at 5.25 per cent and continued with the 'neutral' stance