#central-bank
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
The Central Bank of Sri Lanka (CBSL) raised the overnight policy rate to 8.75% from 7.75%, blaming higher inflation and a depreciating rupee
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, and signalled more tightening as surging energy costs whip up inflation and batter its currency.…
Why RBI is right not to empty the vault
Central Bank OFS subscribed 2.35 times on Day-1, govt exercises green shoe option
The strong response to the OFS comes at a time when the government has set an ambitious disinvestment and asset monetization target of ₹80,000 crore for FY27, nearly 135% higher than the revised divestment estimate of ₹33,837 crore for FY26.
RBI helping hand muscles breathing room for rupee, cools forward premiums
The Indian rupee strengthened to close above 96 per dollar for the first time in a week, following aggressive interventions by the Reserve Bank of India. The central bank sold billions of dollars and engaged in buy/sell swaps, pushing the rupee up despite ris…
That sinking feeling: Rupee@100 is a mental fear, not macro nightmare
The rupee is under strong pressure due to rising global crude oil prices driven by Middle East tensions, briefly hitting an all-time low of 96.96 against the US dollar before recovering slightly with central bank support.
Govt to off load up to 8% in Central Bank; bid for non-retail begins today
Government is offloading up to 8 per cent of its stake in Central Bank of India at a floor price of ₹31. While bid opened for non-retail investors on Friday, retail investors can apply on Monday, May 25.
India central bank not in favour of rate hikes to defend rupee, prioritises inflation, sources say
By Ira Dugal and Jaspreet Kalra MUMBAI, May 22 (Reuters) - India's central bank does not see interest rate hikes as the best way to defend the embattled...
Central Bank to launch GIFT city branch next month: MD
Central Bank of India is set to launch its IFSC Banking Unit at GIFT City next month with an aim to expand its international banking operations. The bank will offer specialised services and access to international financial markets for corporate clients.
Central Bank to launch Gift city branch next month: MD
In a bid to expand international banking business, Central Bank of India is all set to operationalise IFSC Banking Unit (IBU) at GIFT City in Gandhinagar in the first week of next month.
Rupee sinks to all-time low of 96.47 vs USD on mounting external finance pressures, rising US yields
The Indian rupee reached a historic low on Tuesday. Stubbornly high crude oil prices and weaker Asian currencies pressured the rupee. Higher US yields added to the decline. State-run banks sold dollars, suggesting possible central bank intervention. The rupee…
Global Bond Selloff Threatens Turmoil in Weakest Asian Economies
Three of Asia’s most vulnerable economies are showing rising strains as their central banks come under pressure to tighten policy even as the economic hit from the Iran-war oil shock deepens.
Rupee finds some footing on dollar offers from state-run, foreign banks
The Indian rupee edged higher on Tuesday, recovering from an early dip near an all-time low. Dollar offers from state-run lenders and foreign banks provided support, with traders suspecting central bank intervention. The rupee faces ongoing pressure from a wi…
India Set for Record Central Bank Dividend to Cushion War Shock
India’s central bank may transfer a record surplus of nearly 3 trillion rupees ($31.2 billion) this week to the government, economists estimated, providing Asia’s third-largest economy a vital buffer as the Iran war escalates energy prices.
Don’t let people slip back into poverty: fiscal and monetary policy must work in tandem to shield the vulnerable
Rising inflation and the Prime Minister’s recent warning about people being pushed back into poverty call for deliberation among policymakers. Like we saw during the covid crisis, the Centre and central bank will need to coordinate their response.
RBI likely to pay a big dividend to Centre
Economists estimate the surplus transfer-often referred to as the central bank's dividend to the government-in the range of Rs 2.7 lakh crore to Rs 3 lakh crore. In the FY27 Union Budget, the government has estimated Rs 3.16 lakh crore in dividends from state…
Central Bank of India keen on supporting Indian exporters: ED Murali Krishna
Central Bank of India prioritizes support for exporters, enhancing their global competitiveness through tailored financial solutions and banking assistance.
Dividend alert! Last date to buy these 10 stocks before they go ex-record date. Do you own?
Investors have a final opportunity today to purchase shares of 10 companies before they go ex-record date for dividends tomorrow, May 8. Notable companies include Central Bank of India, Laurus Labs, NALCO, and Premier Energies, with dividend payouts varying a…
RBI may have to bear forex risk to boost foreign money inflows
India may need central bank support to attract dollar investments, potentially through forex deposit schemes, to cover exchange risks and offer competitive yields. Economists suggest higher subsidies from the RBI might be necessary to make such initiatives at…
Central Bank of India expects limited impact from new provisioning rules
Central Bank of India managing director and CEO Kalyan Kumar says it is well buffered against the RBI’s shift to stricter, forward-looking loan-loss provisioning, with existing provisions and strong capital expected to absorb any transition impact,
India explores steps to mobilise dollar inflows as rupee slides, sources say
India's central bank is actively seeking methods to attract dollar inflows. This move aims to bolster foreign exchange reserves and stabilize the rupee. Measures under consideration include reviving a deposit scheme for non-resident Indians and removing withh…
Rohit Jain appointed RBI Deputy Governor
Rohit Jain appointed as RBI Deputy Governor, effective May 3, 2026, succeeding T Rabi Sankar for a three-year term.
Rohit Jain appointed RBI deputy governor for three-year term
Rohit Jain has been appointed as the new deputy governor of the Reserve Bank of India. His term will begin on May 3 and last for three years. Jain currently serves as an executive director at the central bank. He takes over from T Rabi Sankar, who recently re…
India’s forex reserves fall $4.82 billion to $698.49 billion as of April 24
India's foreign exchange reserves saw a significant drop of $4.82 billion, reaching $698.49 billion by April 24. This decline follows a rise in the previous week. The central bank has been intervening to manage the rupee amid global uncertainties. Foreign cur…
India’s heat wave creates new inflation risks after oil surge
India faces inflation risks from severe heat waves and predicted below-normal monsoon rains, exacerbating existing economic pressures from high energy costs. These adverse weather conditions are expected to push inflation above the central bank's target, impa…