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The Latest Breaking News from Reserve Bank of India

India bonds gain, swap rates fall on dovish RBI comments, oil slide

Indian government bonds enjoyed a remarkable climb on Wednesday, highlighted by the 10-year yield experiencing its most significant drop in a month. Fueling this surge was a recent comment from Reserve Bank of India Governor Sanjay Malhotra, who mentioned that contemplating interest rate hikes is premature. Additionally, decreasing oil prices…

The Economic Times

RBI intervention steadies rupee, governor's rate comment pulls down hedging costs

The Indian rupee showed resilience on Wednesday, recovering from earlier dips, a relief attributed to possible central bank measures. Concurrently, the Reserve Bank of India governor's remarks on interest rate hikes being 'premature' led to a notable decline in forward premiums. This shift, alongside a robust dollar, put pressure on…

The Economic Times

Rupee’s oil relief capped by RBI's FX book, interest payment hedges, bankers say

The Indian rupee's upward surge encounters some obstacles. As the Reserve Bank of India gradually dissolves a hefty foreign exchange forward book, banks are also preparing for interest payments on foreign currency holdings. These maneuvers are likely to soak up dollar inflows, which could limit the rupee's rise. Analysts predict…

The Economic Times

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SBI revises FCNR(B) interest rates up to 5.75%: NRIs, OCIs & POIs can earn more on these deposits

FCNR(B) interest rates: The Reserve Bank of India's announcement to bear hedging costs for FCNR(B) deposits has prompted SBI to revise its interest rates. NRIs can now earn up to 6% per annum on US dollar-denominated FCNR(B) deposits, with rates varying by amount and tenure.

The Economic Times

Unauthorised absence by RBI official grave misconduct: Bombay HC; upholds his removal

The Bombay High Court has ruled that an Reserve Bank of India official's unauthorized absence from work is grave misconduct. The court dismissed a plea by Animesh Bakuli, a senior assistant, who was compulsorily retired. Bakuli was absent without permission for an extended period. The court found the RBI's decision…

The Economic Times

India bonds rise as oil slumps on Iran peace deal hope

Indian government bonds saw a significant rise on Friday. This surge was driven by a sharp decline in crude oil prices. Hopes of a breakthrough with Iran boosted sentiment. However, domestic fiscal worries capped the gains. The benchmark 2036 note yield fell to its lowest since issuance. Investors are watching…

The Economic Times

India's retail inflation quickens to 3.93% in May amid high food & fuel prices

India's retail inflation rose to 3.93% in May. Food and fuel prices increased, impacting consumer costs. This marks the highest inflation reading under the new CPI series. Despite the rise, inflation stays below the Reserve Bank of India's 4% target for the 16th month. Policymakers have room to support growth.

The Economic Times

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Top Indian state lenders eye first dollar bonds since RBI subsidy, sources say

State Bank of India and Bank of Baroda are stepping into uncharted territory as the inaugural users of the Reserve Bank of India's fresh subsidised hedging mechanism. Their target? A substantial one billion dollars through a series of five-year dollar bonds, a strategy aimed at slashing overseas borrowing expenses.

The Economic Times

Indian bonds draw buyers on RBI measures, softer oil

Indian government bonds saw renewed buying on Tuesday. Lower oil prices and Reserve Bank of India measures to attract dollar inflows improved sentiment. The benchmark bond yield fell. The RBI's recent policy decision focused on attracting foreign debt inflows. These measures are expected to bring significant inflows. India posted a…

The Economic Times

100 days of Iran war: India must brace for broad-based economic shock

In a volatile turn of events, escalating strikes between Iran and Israel are sending shockwaves that may reach India’s economy. As the specter of increased oil prices looms, disruptions in supply chains could become a reality. The Reserve Bank of India is on alert, with policymakers devising strategies to mitigate…

The Economic Times

RBI ramped rupee defense to record before government bazooka

The Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This significant increase in forward dollar sales, particularly in offshore markets, aims to curb excessive volatility driven by factors like oil price shocks and speculative pressures.

The Economic Times

India inflation likely rose to 4% in May as food, fuel costs climb

India's inflation likely climbed to the Reserve Bank of India's 4% target in May, driven by rising vegetable prices and increased fuel costs. This trend marks a shift from the previous 15 months of below-target inflation, with economists anticipating further upward pressure due to elevated wholesale prices and potential monsoon…

The Economic Times

RBI's foreign capital push reflects rising inflation, slowing growth concerns: Report

The Reserve Bank of India is introducing new measures to attract foreign investment. This move aims to tackle rising inflation, slowing economic growth, and external sector pressures. The central bank is focusing on boosting capital inflows to manage the country's balance of payments. These steps are designed to support the…

The Economic Times

RBI policy press conference: Here's everything that came up for discussion

The Reserve Bank of India unveiled new measures to attract deposits and bolster the economy. Governor Sanjay Malhotra discussed strategies for economic growth and inflation management. The central bank aims to draw in foreign exchange through various initiatives. These steps are designed to ensure a stable economic environment and encourage…

The Economic Times

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The Economic Times

RBI MPC Meeting 2026: West Asia war shock is a concern, but India can ride it out 'with minimum pain', says Sanjay Malhotra

2026 RBI MPC Meeting: The Reserve Bank of India acknowledges global economic challenges from the West Asia conflict. Rising energy prices and supply chain issues create headwinds. However, India has built strong buffers. Diversified oil sourcing and robust foreign exchange reserves protect the economy. The central bank remains confident in…

The Economic Times

RBI raises investment limits for NRIs, OCIs; Extends equity route to overseas individuals

The Reserve Bank of India has increased investment limits for Non-Resident Indians and Overseas Citizens of India in stock market equity instruments. This revised policy allows NRIs and OCIs to invest more in these instruments through the stock market, enhancing investment access for Indians abroad.

The Economic Times

Rupee closes at 95.78 vs USD ahead of crucial central bank rate review

The Indian rupee declined for a second day ahead of the Reserve Bank of India's monetary policy review, with traders anticipating measures to support the currency. The rupee's recent recovery, aided by RBI intervention and expectations of boosted inflows, faces renewed pressure if Friday's policy fails to deliver.

The Economic Times

Reliance traders said to game plan in case RBI raises rates

Reliance Industries' treasury department is exploring strategies to manage its cash reserves amid potential interest rate hikes by the Reserve Bank of India. Traders are considering shifting funds to short-dated money market instruments, anticipating capital gains as yield spreads are expected to narrow. The company's discussions precede an upcoming RBI…

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The Economic Times

Rupee dips; RBI-led relief may fade without inflow measures, bankers say

The Indian Rupee declined on Thursday, continuing a two-day fall. Weaker Asian currencies and importer hedging impacted the Rupee. The Reserve Bank of India's intervention had previously supported the currency. Future RBI policy actions will be crucial. Asian currencies also weakened amid global tensions.

The Economic Times

RBI likely to hold rates as West Asia crisis impact on growth remains unclear: Bank of Baroda Report

The Reserve Bank of India is expected to hold interest rates steady on Friday, according to Bank of Baroda. The central bank will likely maintain a data-dependent approach, balancing growth concerns with rising inflation risks. An upward revision in inflation forecasts is anticipated due to increased fuel prices and ongoing…

The Economic Times

RBI contains rupee's fall, shrinks dollar-rupee forward premiums

The Indian rupee and dollar-rupee forward premiums declined as importer hedging, foreign portfolio outflows, and likely central bank interventions across FX market segments exerted opposing forces. Despite Reserve Bank of India's dollar-selling interventions and buy/sell swaps, pressure on the rupee is expected to persist due to weak capital flows and…

The Economic Times

RBI MPC: Iran war puts Malhotra & Co in razor-edge policy bind over inflation, growth and rupee

The Reserve Bank of India faces a difficult interest-rate decision this week as rising oil prices from the Iran conflict, a record-low rupee and a weak monsoon threaten to slow growth while pushing up inflation.

The Economic Times

Indian bonds steady as U.S.-Iran tensions linger; RBI policy review due Friday

Indian government bonds saw little movement early Tuesday. Investors are adopting a cautious stance ahead of the Reserve Bank of India's policy decision later this week. Lingering U.S.-Iran tensions and upcoming state and central government bond sales are also keeping traders on the sidelines, leading to shallow trading volumes.

The Economic Times

Finance ministry flags inflation risks ahead of RBI policy as fuel prices, monsoon concerns mount

India faces rising inflation risks. Fuel prices are up, the rupee is weak, and a poor monsoon looms. The Finance Ministry warns of renewed price pressures. This comes before the Reserve Bank of India's policy decision. Wholesale price increases are a concern. Global conflicts also pose a threat to India's…

The Economic Times

227% return on SGB premature redemption today: Gold bond turns Rs 1 lakh investment into Rs 3.27 lakh

The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2021-22 Series-II, fixed at Rs 15,672 per unit.

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