Reserve Bank Of India News - Latest Updates & Headlines
RBI set to switch to new website
Mumbai, April 25: Reserve Bank of India (RBI) will switch to the new website at the close of business this evening. From tomorrow, the main website would be the new one and the old or the existing website will become secondary.
T. Rabi Sankar RBI Deputy Governor term extended by a year
New Delhi, April 22: The Appointments Committee of the Cabinet (ACC) has approved the reappointment of T. Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI) for a period of one year.
Indian stock market set for data-driven outcomes this week
Mumbai, April 14: The current week is poised to be a crucial one for global markets, including the Indian benchmark indices, as inflation, industrial activity and employment data line up across the world’s largest economies, a report said on Monday.
RBI to buy govt bonds worth Rs 40,000 crore on April 17
Mumbai, April 11: The Reserve Bank of India (RBI) on Friday announced that it will conduct an Open Market Operation (OMO) purchase of government bonds worth Rs 40,000 crore on April 17.
NCAER DG Poonam Gupta appointed as RBI Deputy Governor
New Delhi, April 2: Poonam Gupta, currently the Director General of the National Council of Applied Economic Research (NCAER), has been appointed Deputy Governor of the Reserve Bank of India for three years or until orders.
Poonam Gupta appointed RBI Deputy Governor
New Delhi, April 2: The government has appointed Poonam Gupta as a Deputy Governor of the Reserve Bank of India for a period of three years to replace Michael D. Patra, who retired from the key post in January this year.
India's forex reserves soar USD 15.3 billion, highest weekly jump in over 3 years
New Delhi, March 16: India's foreign exchange reserves had their highest weekly gains in over three years in the week ending March 7.
RBI desires to go extremely calibrated on future repo rate actions: Experts
New Delhi, Feb 8: The monetary policy in India is easing since last few months and as rate cuts transmit with a lag, it makes sense to act with a forward-looking estimate if the monetary policy has to work its way on real economy, according to experts.
Another rate cut expected by April if inflation remains favourable: SBI
New Delhi, February 8: The Reserve Bank of India's commitment to long-term price stability and sustained economic growth remains unwavering, with analysts anticipating another rate cut as early as April - provided inflation continues to trend favourably, according to SBI research.
Union Bank of India sees lower inflation for FY25 and FY26 than MPC estimates
New Delhi, February 8: The Union Bank of India highlighted that inflation for FY25 could be lower than the Monetary Policy Committee's (MPC) revised forecast of 4.4 per cent, with Q4 FY25 Consumer Price Index (CPI) inflation likely tracking at 4 per cent. For FY26, the bank projects inflation at 4.0 per cent, slightly below the MPC's estimate of 4.2 per cent.
Repo rate cut: Know about your savings on home loan
New Delhi, Feb 8: The Reserve Bank of India (RBI) has announced a 25 basis points rate cut in the repo rate which is a big relief for those who have taken a loan (especially a home loan).
RBI hints further steps to ensure liquidity, US tariff uncertainties to cool off soon
New Delhi, Feb 8: The Reserve Bank of India (RBI) has always focused on ease of credit and will take further steps to ensure that enough liquidity remains in the banking system as there is "room for improvement", Governor Sanjay Malhotra said on Saturday, adding that US-related tariff uncertainties will cool off in the coming months.
India's forex reserves rise for second consecutive week
New Delhi, February 8: India's foreign exchange reserves extended their gains for the second straight week, after having slumped for about four months.
India's forex reserves rise for 2nd consecutive week, gold reserves up
New Delhi, Feb 8: The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data.
RBI's repo rate cut following tax relief to drive economic growth: Edelweiss CEO Radhika Gupta
New Delhi, Feb 7: The Reserve Bank of India's (RBI) decision to cut the repo rate by 25 basis points is a well-timed move that will accelerate economic growth, Radhika Gupta, Edelweiss Asset Management CEO said.
Morgan Stanley expects RBI to inject more liquidity, go for 2nd rate cut in April
New Delhi, Feb 7: Morgan Stanley on Friday said that it expects the RBI to take some additional liquidity measures before end-March and another cut of 25 basis points cut in the repo rate in April after the central bank reduced the policy rate by 25 basis points to 6.25 per cent while it retained the stance at neutral earlier in the day.
Sensex, Nifty end lower as investors assess RBI MPC decision
Mumbai, Feb 7: The Indian stock market on Friday closed in the red as investors continue to assess the Reserve Bank of India (RBI)'s Monetary Policy Committee decision to cut the repo rate by 25 basis points (bps).
PhonePe Group exits Account Aggregator biz, will partner other AAs to boost financial inclusion
New Delhi, Feb 7: Fintech major PhonePe Group on Friday announced to exit the Account Aggregator (AA) business, adding that they will instead partner with other AAs in the market.
RBI defers rollout of LCR norms by a year in big relief to banks
Mumbai, Feb 7: In a big relief for banks, RBI Governor Sanjay Malhotra announced on Friday that the implementation of the proposed Liquidity Coverage Ratio (LCR), as well as project financing norms, will be deferred by a year and will not be implemented before March 31, 2026.
RBI sets up Working Group to review trading, settlement timings of financial markets
New Delhi, Feb 7: The Reserve Bank of India (RBI) on Friday set up a 9-member Working Group to undertake a comprehensive review of trading and settlement timing of financial markets.
Rate cut complements consumption-boosting Budget, sets stage for another cut in April
New Delhi, Feb 7: The 25bps rate cut by the Reserve Bank of India (RBI) is anticipated to complement the consumption-boosting measures announced in the Union Budget 2025-26, providing a boost to domestic demand drivers, industry leaders said on Friday.
Sensex, Nifty trade flat after RBI cuts repo rate by 25 bps
Mumbai, Feb 7: The Indian stock market on Friday traded almost flat after the Reserve Bank of India (RBI) announced a 25 basis points (bps) cut in the repo rate.
RBI gives go-ahead for forward contracts in Govt securities
Mumbai, Feb 7: The Reserve Bank Governor announced on Friday that the RBI will be introducing forward contracts in Government securities for which the directions will be issued shortly.
RBI rolls out bank.in & fin.in internet domains to check fraud in digital payments
Mumbai, Feb 7: Reserve Bank of India (RBI) Governor Sanjay Malhotra announced on Friday that the central bank is introducing the 'bank.in' exclusive Internet Domain for Indian banks to combat increased instances of fraud in digital payments.
RBI raises real GDP growth forecast to 6.7 pc for 2025-26
Mumbai, Feb 7: The Reserve Bank of India (RBI) on Friday raised the country's real GDP growth forecast to real GDP growth for 2025-26 to 6.7 per cent, as it expects a robust rabi crop output and an expected recovery in industrial activity to support economic growth going ahead.
RBI cuts repo rate by 25 basis points to 6.25 per cent to spur growth
Mumbai, Feb 7: The Reserve Bank of India's (RBI) six-member Monetary Policy Committee (MPC) on Friday cut the repo rate by 25 basis points to 6.25 per cent.
RBI may cut repo rate by 50 basis points to boost economy: ASSOCHAM
New Delhi, Feb 6: The Reserve Bank of India (RBI) is expected to cut the benchmark policy repo rate, which stands at 6.50 per cent, by at least 50 basis points, to support economic growth, a top industry body said on Thursday.
Sensex, Nifty closed in red; investors waiting for RBI decision on rate cut says experts
Mumbai, February 6: The Indian stock market closed in negative territory on Tuesday, with the Sensex declining by 213.12 points to settle at 78,058.16, while the Nifty slipped 92.95 points to end at 23,603.35.
RBI's actions beyond a 25bps rate cut will be more watched: Report
New Delhi, Feb 6: While a 25bps rate cut in the upcoming RBI MPC policy is less of a market debate, the actions around “what beyond a cut” will be more watched, a report said on Thursday.
Microfinancing harassment: Ready to incorporate suggestions by Guv, says K'taka govt
Bengaluru, Feb 5: The Congress-led Karnataka government on Wednesday said that it is ready to incorporate suggestions made by Governor Thaawarchand Gehlot in connection with the Ordinance promulgated by the state government to tackle the high-handedness of microfinancing institutions (MFIs) in the state resulting in suicides and desertion of people in rural areas.
RBI likely to cut repo rate by 25 basis points for 1st time in 5 years
New Delhi, Feb 5: The Reserve Bank of India (RBI), in all likelihood, is set to cut the repo rate by 25 basis points for the first time in almost five years, aligning with the Budget's objectives of stimulating economic activity while managing a prudent fiscal position, which provides comfort on currency and inflation fronts, industry experts said on Wednesday.
RBI MPC: Goldman Sachs predicts 25 bps repo rate cut
Mumbai, Feb 5: The Reserve Bank of India (RBI) is likely to reduce the repo rate by 25 basis points (bps) in its upcoming monetary policy meeting (MPC) announcement, Goldman Sachs predicted on Wednesday.
CPI inflation likely to ease to 4.5 pc in Q4 FY25, 4.8 pc for full FY25: SBI Report
New Delhi, February 4: The country's retail inflation is expected to decline to 4.5 per cent in the last quarter (January-March) of the financial year 2024-25 (FY25), while the overall average inflation for the year is likely to be at 4.8 per cent, according to a recent report by the State Bank of India (SBI).
India's fiscal roadmap: Strong growth and stability despite tax cuts, says S&P Global
New Delhi, Feb 4: India's Union Budget aligns with the expectations of steady fiscal consolidation, reinforcing a positive outlook on the country's sovereign credit ratings, according to a report on Tuesday.
SBI Research expects RBI to announce 0.25 per cent rate cut on Feb 7
New Delhi, Feb 4: SBI economists expect the RBI to announce a 0.25 per cent rate cut in the monetary policy committee meeting on February 7. As the fiscal stimulus of Budget 2025-26 plays out, the RBI at least in the short run has room for rate cuts, according to an SBI Research report released on Tuesday.
FM Sitharaman to hold post-budget meeting with RBI top brass on Feb 8
New Delhi, Feb 3: Finance Minister Nirmala Sitharaman is scheduled to address the Reserve Bank of India's central board on February 8 in a post-budget meeting to coordinate the fiscal and monetary steps required to accelerate GDP growth.
Rupee hits record low of 87.29 against USD as currencies globally tumble after Trump Tariffs
Mumbai, February 3: Indian rupee fell to a record low of 87.29 per dollar on Monday, weighed down by concerns over trade tariffs imposed by US President Donald Trump and global market uncertainties.
India's Nominal GDP growth expected at 9.8-10.3 pc in FY26: Bank of Baroda Report
New Delhi, February 1: After the Economic Survey projected India's real GDP growth for FY26 in the range of 6.3-6.8 per cent, a report by Bank of Baroda stated that with an assumed GDP deflator of 3.5 per cent, the country's nominal GDP growth could be around 9.8-10.3 per cent.
Finance minister to meet NBFCs on March 8 to discuss key issues and greater participation of NBFCs in financial services
New Delhi, January 31: The Ministry of Finance on Friday stated that a full-day conclave for Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) will be held on March 8, 2025, in New Delhi.
Banks in robust health as NPAs down to 12-year low, profit up 22.2 per cent: Economic Survey
New Delhi, Jan 31: India's monetary and financial sectors have performed well in the first nine months of the Financial Year 2024-25 with the gross NPAs of banks now down to a 12-year low of 2.6 per cent at the end of September 2024 while their profitability improved during H1 of FY25, with profit after tax surging by 22.2 per cent year-on-year, the Economic Survey stated.