India’s inflation rate has risen to the highest in eight months under the new CPI series to fall within the Reserve Bank of India’s tolerance band for the first time since August 2025. That indicates a status quo on repo rate in the longer term. India’s new inflation series cuts the weight of volatile items […]
Mumbai: Banks parked a record ₹4.52 lakh crore with the central bank’s standing deposit facility (SDF) window that offers 5% for overnight deposits, latest data showed. Money market traders are likely borrowing overnight funds from the TREPS market at 4.27% and parking with the SDF facility at 5%, resulting in a large sum of money […]
The Reserve Bank of India plans to allow banks to lend directly to the real estate investment trusts, or REITs, to unlock fresh funding for the real estate sector. REITs, or real estate investment trusts, own and operate office parks, malls and warehouses in India. (Reuters) There will be “certain prudential safeguards” for such transactions, […]
The Reserve Bank of India has kept its benchmark repurchase rate unchanged citing benign inflation, even as a myriad trade deals boosts the outlook for the world’s fastest growing major economy. Reserve Bank of India (RBI) Governor Sanjay Malhotra. (Punit Paranjpe/AFP Photo) The RBI’s six-member Monetary Policy Committee (MPC), which met over 4-6 February, voted […]
The rupee’s biggest rally in seven years will give Reserve Bank of India scope to rebuild its forex reserves, potentially limiting further gains after the boost from the India-US trade deal, according to some analysts. The rupee has fallen 5.3% against the US dollar so far this year, putting it on track for its steepest […]
The Reserve Bank of India’s holdings of US Treasury bonds have fallen to a five-year low as India pushes to support rupee versus the US dollar and diversify its forex reserves, joining a broader shift by some major economies out of the world’s biggest bond market. A man walks past a logo of the Reserve […]
The Reserve Bank of India has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which could reduce reliance on the US dollar as geopolitical tensions rise. The initiative to link BRICS digital currency to potentially bypass the US dollar can irk Donald Trump, […]
The government is likely to retain the Reserve Bank of India’s inflation target, as the existing mechanism is seen as effective in managing inflation in the world’s fourth largest economy. RBI has raised concerns over rising digital fraud cases and unresolved customer complaints across banks. (REUTERS) The government is unlikely to change the RBI inflation […]
Indian bonds rallied the most in four months on Wednesday after the central bank announced fresh measures to boost banking-system liquidity, including government bond purchases and a foreign-exchange swap. The liquidity infusion is expected to offset cash drain from the RBI’s dollar sales to support the rupee, Asia’s worst-performing currency this year. (Mint) The Reserve […]
The Indian Rupee strengthened to under 90/Dollar for the first time in nearly a week, on likely interventions by the Reserve Bank of India in the forex market. The rupee is heading towards its sharpest yearly fall since 2022. (AFP) At the interbank foreign exchange market, the rupee opened at 90.19 against the US dollar, […]