Page 5 - Reserve Bank Of India

RBI intervention lifts rupee to strongest one-day gain in over a month

The Reserve Bank of India's intervention on Monday was fairly large, with the central bank beginning to sell dollars when the rupee traded near 96.15 per dollar

Weekly policy watch: Industrial output, RBI bond buyback in spotlight

India's policy calendar this week will track industrial growth, debt management and forex reserves

Indian banks have raised $32 billion under dollar-inflow schemes: RBI Guv

Most of the $32 billion raised so far has come from the foreign currency non-resident deposit scheme, Malhotra said

1991 reforms trusted mkts; now RBI should trust exporters and importers

The government responded to a grave foreign exchange crisis by progressively liberalising, rather than perpetuating restrictions on access to foreign exchange and imports

HSBC leads in FCNR (B) deposit mobilisation with over $5 billion

HSBC has mobilised over $5 billion in FCNR(B) deposits under the RBI's swap scheme, leveraging its global network and expanding NRI banking presence in India

Offline payment push: Innovation must include stronger consumer protection

NPCI's offline NFC-based UPI can expand digital payments and financial inclusion, but robust security, fraud safeguards and strong consumer protection must underpin its rollout

IMF urges stronger AI safeguards as India deepens financial sector adoption

The multilateral institution warned that rapid AI adoption could amplify systemic and cyber risks, urging stronger oversight, governance and international cooperation

RBI sees resilient economy despite West Asia conflict, monsoon concerns

Reserve Bank of India said the economy remains resilient, supported by healthy demand and strong industrial and services activity, while warning that the Iran war and a deficient monsoon pose risks

RBI likely used dollar deposit surge to cut record FX forward book

The RBI's package of measures aimed at ‌supporting the rupee attracted more than $20 bn as of July 17, with more than four-fifths coming from foreign currency non-resident deposits mobilised by banks

RBI proposes easier FDI compliance regime, seeks public comments

Regulator proposes greater operational flexibility

Strong early response to swap window fuels $70 billion inflows hope

Foreign banks appear to have driven the early success of the RBI's swap scheme, say experts

Robust forex inflows lift rupee as lower crude prices boost sentiment

The rupee recovered from a five-session decline as easing crude oil prices and stronger-than-expected foreign exchange inflows under RBI measures supported sentiment

Forex strategy must go beyond short-term flows and import substitution

The basic idea behind the liberalised FCNR (B) scheme and other such measures is to attract foreign-currency flows, which will help RBI build foreign-exchange buffers at a time of global uncertainty

Why a weaker rupee is not necessarily a sign of economic weakness

A stable economy does not require a permanently stable exchange rate

RBI's inflow push gets strong start, fortifying India's balance of payments

In its first update since the scheme was launched in early June, the Reserve ‌Bank of India said the measures had mobilised $20.72 billion through July 17

India FX traders eye oil prices, RBI defence; bonds bulls await index call

The rupee closed at 96.28 per dollar on Friday, down ​about 1% on the week, its steepest drop since May, the month in which the currency hit its all time-low of ‌96.96

Banks pare FCNR (B) inflow expectations amid leverage and tax hurdles

Banks expect strong NRI interest in RBI's FCNR(B) scheme but say leverage limits, overseas regulations and tax issues could curb fund mobilisation

RBI's currency printing arm invites bids for polymer note material

The move marks India's first formal procurement step towards polymer banknotes, though the Reserve Bank of India has not announced denominations or a timeline for their introduction

Will continue to prioritise inflation, says RBI governor Sanjay Malhotra

"We have to watch out for monsoon… how it progress because a significant population depends on agriculture," he said

RBI imposes penalties on Muthoot Finance, others for compliance violations

The Reserve Bank of India (RBI) on Friday announced that it has imposed monetary penalties on six companies, including non-bank lender Muthoot Finance, for non-compliance with various regulatory norms. The central bank imposed a Rs 5.80 lakh penalty on Muthoot Finance, Rs 3.10 lakh each on Satya MicroCapital and PAN Emami Cosmed, Rs 2.70 lakh each on Dhani Loans and Services and Muthoot Vehicle and Asset Finance, and Rs 6.20 lakh on Avail Financial Services, notifications said. Muthoot Finance was penalised for failing to put in place a system of periodic review of risk categorisation of accounts and non-deployment of robust software for effective identification and reporting of suspicious transactions, the RBI said. The monetary penalty on Avail Financial Services was imposed as the managing director of the company held directorship in two other NBFCs-Middle Layer, and the company had breached the regulatory single party exposure limit. The central bank imposed a monetary penalty