Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

BIZARRE: The reserve bank of india - What They Never Told You

RBI Intervention shields rupee in face of oil, hedging strain

On Friday, the Indian rupee dodged a plunge to record lows thanks to decisive action by the Reserve Bank of India. State-run banks stepped in to sell dollars, likely under central bank directives, to alleviate mounting pressure. Escalating oil prices and increased corporate hedging had nearly pushed the currency to…

The Economic Times

RBI intervention blunts oil surge, shores up rupee

The Reserve Bank of India intervened by selling dollars to prevent the rupee from reaching a record low. Surging oil prices and declining stock markets are currently pressuring the Indian currency. Geopolitical tensions in the Middle East are contributing to higher crude oil prices globally. India, heavily reliant on oil…

The Economic Times

Can a shop charge you extra for paying by credit card? Here's what every card user should know

Can merchants legally charge customers extra for credit card payments? The Reserve Bank of India regulates these payment systems and card acceptance rules. Consumers should check final amounts and report unauthorized transactions immediately.

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

RBI sold $6.1 bn in May as oil weighed on the rupee and foreign inflows showed signs of revival: Bulletin

The Reserve Bank of India sold six point one billion dollars in May. This intervention occurred amid global market volatility and geopolitical tensions. India's external sector remains steady with improving foreign investment inflows. The domestic economy navigated uncertainties well, supported by strong demand. Foreign exchange reserves are comfortable, covering over…

The Economic Times

RBI sold $6 billion in May to defend oil-hit Indian rupee, data shows

The Reserve Bank of India sold $6.1 billion in foreign exchange during May. This intervention occurred as oil prices surged, pushing the rupee to a record low. The central bank also implemented policy measures to encourage dollar inflows into India.

The Economic Times

RBI issues draft for future-ready rules related to foreign investments

The Reserve Bank of India has proposed new foreign investment rules. These simplified rules aim to enhance clarity and reduce complexity. Indian companies may soon list shares on foreign stock exchanges. Foreign investors can also make investments on repatriation or non-repatriation bases. The central bank is seeking public comments on…

The Economic Times

Indian rupee gains as oil comes off; inflows, RBI intervention in focus

The Indian rupee experienced a slight upturn on Tuesday, buoyed by the prospect of improved diplomatic relations between the U.S. and Iran, which reduced oil market tensions. With strong capital inflows enhancing the foreign exchange reserves, the Reserve Bank of India reported mobilization of over twenty billion dollars. Investors are…

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

Rs 1 lakh investment turns into Rs 3.57 lakh in gold bonds: SGB 2019-20 Series premature redemption date today, check if you need to pay capital gains tax

Sovereign gold bonds: The Reserve Bank of India has set the premature redemption price for SGB 2019-20 Series-VIII. This offers investors a significant absolute return of nearly 257 percent. Tax rules apply to capital gains on premature redemption of these bonds.

The Economic Times

Rupee hits two-month low, oil prices remain focal point

The Indian rupee hit a two-month low on Monday as oil prices hovered around ninety dollars per barrel. In an effort to stabilize the currency, the Reserve Bank of India intervened by unloading dollars into the market. Meanwhile, Asian currencies and stock performances were varied, with the dollar index holding…

The Economic Times

Rs 1 lakh Investment turns into Rs 2.98 lakh: Sovereign Gold Bond 2021-22 Series premature redemption date today

The Reserve Bank of India has set the premature redemption price for SGB 2021-22 Series-IV. Investors can redeem these bonds prematurely from July 20, 2026, after five years. Tax rules apply to capital gains on premature redemption of these bonds.

The Economic Times

Rupee closes at 96.28 vs USD; logs sharpest weekly drop since May as oil price jump stings

The Indian rupee faced its most significant weekly drop since May, driven by rising oil prices and strong demand for the dollar. Increasing tensions between the U.S. and Iran exacerbated concerns over energy supplies, further straining the rupee's position. However, interventions from state-run banks provided some relief, temporarily halting its…

The Economic Times

SGB premature redemption exit date: This gold bond has turned Rs 1 lakh investment into Rs 4.18 lakh

The Reserve Bank of India has set the redemption price for SGB 2019-20 Series-II. Investors can redeem these bonds prematurely starting July 16, 2026. The redemption value is fixed at Rs 14,199 per unit of SGB. This represents a significant return of nearly 319% on the initial investment. Investors will…

The Economic Times

RBI proposes stricter data governance framework for banks, NBFCs; seeks feedback by Aug 17

The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen data risk management for financial institutions. Banks and NBFCs will need to implement robust data lifecycle controls. A board-level committee will oversee the new data governance policies. This initiative seeks to ensure data…

The Economic Times

PFC raises USD 300 mn via bonds carrying floating interest rates

Power Finance Corporation has successfully secured USD 300 million via floating rate notes set to mature in July 2029. These instruments adhere to the Reserve Bank of India's guidelines for external borrowing. The funds raised will be allocated effectively in accordance with these regulations, with the bonds slated for listing…

The Economic Times

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

TVS Venu Group firm Home Credit India to acquire Varthana Finance for Rs 967 crore

Home Credit India Finance will acquire Varthana Finance for Rs 967 crore. This all-cash transaction is subject to regulatory approvals from the Reserve Bank of India. The acquisition will strengthen TVS Venu Group's financial services sector presence. Varthana Finance specializes in education lending and serves many institutions. This move expands…

The Economic Times

Rupee slides past 96/USD to one-month low as oil climbs; RBI likely intervenes

On Tuesday, the Indian rupee fell to its lowest level in over a month, influenced by soaring oil prices and ongoing tensions in the Middle East. The Reserve Bank of India likely stepped in to stabilize the currency as Indian equities also dipped and bond yields rose. Market observers are…

The Economic Times

Citi, others dial back India rate hike calls as inflation expected to stay moderate

Controlled inflation prompts economists to delay interest rate hike expectations. Retail inflation rose to 4.38% in June, exceeding the RBI's target. Core inflation remained around 4%, suggesting a lower annual average. This shift means the Reserve Bank of India may not tighten policy soon. Future rate hikes depend on sustained…

The Economic Times

Retail inflation may harden in FY27, RBI could hike rates: Crisil

Retail inflation in India is projected to increase through the fiscal year. Elevated fuel costs and input prices are driving this upward trend. The Reserve Bank of India will monitor inflation closely for policy adjustments. Food prices face pressure from weather-related risks and higher costs. A potential rate hike is…

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

RBI Ombudsman scheme 2026: You can get up to Rs 33 lakh compensation for your bank grievances under this scheme

The RBI Ombudsman 2026 scheme offers free grievance redressal for customers. This scheme covers complaints against banks and other regulated entities. Customers can seek compensation up to thirty-three lakh rupees for losses.

The Economic Times

198% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 2.98 lakh; check details

The Reserve Bank of India has set the premature redemption price for SGB 2020-21 Series-IV. Investors can redeem these bonds prematurely from July 14, 2026, after five years. The redemption value is based on the average gold price over three preceding working days.

The Economic Times

Oil pangs resurface for rupee, options market gauge signals bearish bias

On Monday, the Indian rupee fell to its lowest level in over a month, driven down by rising oil prices amid escalating tensions between the US and Iran. Despite the currency's decline, traders observed that the central bank's potential intervention helped mitigate further losses. Additionally, India's merchandise trade deficit saw…

The Economic Times

India's June retail inflation quickens to 4.38%, crosses RBI's 4% target after 17 months

India's retail inflation reached 4.38 percent in June, exceeding the central bank's target. Elevated food and fuel prices contributed to this significant acceleration in price pressures. The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent during its review. Policymakers are balancing inflation risks with the need…

The Economic Times

Rupee hits one-month low as renewed Mideast conflict lifts oil prices

The Indian rupee reached its weakest point in over a month on Monday. Renewed Middle East hostilities and Iran's Strait of Hormuz claim sent oil prices surging. State-run banks offered dollars, likely on behalf of the Reserve Bank of India. Markets had anticipated less severe escalation, but this risk is…

The Economic Times

Why is RBI now cutting down its $100 billion short dollar forward position; how will it impact Rupee?

The Reserve Bank of India is carefully unwinding its large bearish dollar position. This move aims to support the rupee without causing market instability. Recent measures are attracting foreign capital, aiding the central bank's strategy. However, the pace of unwinding is crucial to avoid currency depreciation pressure. The RBI faces…

The Economic Times

FM Sitharaman to meet PSB chiefs to review foreign currency deposit drive

Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposits from overseas Indians. The Reserve Bank of India removed interest rate ceilings on certain deposits. This move aims to boost inflows and encourage external commercial borrowings. Banks will also discuss…

1 2 3 4 5

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

the Reserve Bank of India

231 stories

Reserve Bank of India

Power Finance Corporation

17 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.