#reserve-bank-of-india
Rupee slips with Asian peers as hopes of imminent U.S.-Iran peace deal falter
The Indian rupee weakened against the dollar as crude oil prices surged amid fading hopes for a U.S.-Iran peace deal. State-run banks intervened to cushion the fall. Rising inflation concerns are prompting analysts to anticipate a Reserve Bank of India rate…
Oil slump, central bank support manifest in rupee’s three-day winning streak
The Indian rupee saw its longest winning streak in a month, closing stronger against the dollar. This rise was driven by the Reserve Bank of India's market interventions and a significant drop in crude oil prices. Hopes for a U.S.-Iran peace deal boosted inve…
NRIs pull out $2 billion from bank deposits
Overseas Indians withdrew nearly two billion dollars from Indian bank accounts in March. This outflow occurred during the Iran war. Reserve Bank of India data shows a contraction in Non-Resident Indian deposit inflows. Experts anticipate geopolitical uncertai…
Reserve Bank of India sells $9.8B in March as rupee suffers steepest monthly drop since 2019
The RBI's aggressive dollar sales highlight India's vulnerability to external shocks, potentially impacting economic stability and growth. The post Reserve Bank of India sells $9.8B in March as rupee suffers steepest monthly drop since 2019 appeared first on …
Reserve Bank of India sells $9.8B in March as rupee posts steepest monthly drop since 2019
The RBI's intervention highlights vulnerabilities in India's economy, impacting inflation, interest rates, and foreign investment returns. The post Reserve Bank of India sells $9.8B in March as rupee posts steepest monthly drop since 2019 appeared first on Cr…
Rupee plunge sees India turn to 2013 taper tantrum playbook
India's central bank is considering measures to stabilize the rupee. The currency has fallen to a record low, increasing import costs. The Reserve Bank of India is looking at past strategies to prevent further depreciation. These include interest rate hikes a…
Rupee under pressure; crude oil, bond yields and dollar strength create perfect storm: Naveen Mathur
The Indian rupee is facing intense pressure due to rising crude oil prices, a strengthening dollar, and widening deficits. The Reserve Bank of India has actively intervened, depleting foreign exchange reserves to manage volatility rather than defend a specifi…
250% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.5 lakh
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-II, fixed at Rs 15,904 per unit. Investors can redeem this tranche from May 19, 2026, after the fifth year. This offers an absolute simple return…
Sovereign Gold Bond premature exit date today: SGB series turned Rs 1 lakh investment into Rs 3.12 lakh
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series VIII at Rs 16,012 per unit. Investors can redeem their bonds early from May 18, 2026, after five years of the issue date. This offers online in…
Mythos: A challenge for the Indian banking system
Claude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are swiftly mobilising to safeguard the integrity of the financial sector. With the Reserve Bank of India's robust framework …
India forex reserves drop $7.8 bn; rupee weakens to 94.47 against the dollar
India's foreign exchange reserves saw a significant drop of over seven billion dollars. This marks the second consecutive weekly fall. The Reserve Bank of India has been using these reserves to stabilize the currency market. The Indian Rupee also weakened aga…
Noel Tata’s IPO pushback said to trigger internal differences at Tata Group
A rift is emerging within the Tata conglomerate. Noel Tata opposes listing the parent firm, Tata Sons, despite upcoming Reserve Bank of India regulations. Two trustees will propose a public listing at an upcoming board meeting. This move aims to bring transpa…
Banks well-placed to transition to expected credit loss provisioning: Fitch
Banks are sufficiently capitalised to transition to the expected credit loss (ECL) framework, which has now been finalised by the Reserve Bank of India, Fitch Ratings said on Thursday.
HDFC Bank's review finds no major governance concerns after chairman Atuna Chakraborty's exit, sources say
HDFC Bank's governance review is nearing completion. Law firms are expected to report no significant issues. This development paves the way for the reappointment of its CEO, Sashidhar Jagdishan. The Reserve Bank of India is likely to approve the reappointment…
Resilient, not shock-free: India charts path through war jitters
India's economy faces challenges from the West Asia conflict. Rising oil prices and trade disruptions are impacting India. However, strong domestic demand and stable financial conditions provide resilience. The government and Reserve Bank of India are taking …
AU Small Finance Bank files final application for universal banking licence: Vivek Tripathi
AU Small Finance Bank has submitted its final application for a universal banking license. This follows the Reserve Bank of India relaxing a key requirement regarding a non-operative holding company. The bank is fully prepared for this transition. AU Bank rec…
230% return on SGB premature redemption date: This gold bond has turned Rs 1 lakh investment into Rs 3.30 lakh
The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-I. Investors can redeem these bonds from April 28, 2026. The redemption price is fixed at Rs 15,124 per unit. This offers investors a substantial retur…