Tag: Reserve Bank of India
RBI revises Kisan Credit Card norms, standardises crop season definition
Mumbai: The Reserve Bank on Friday revised the Kisan Credit Card (KCC) Scheme, standardising the definition of crop seasons to ensure uniformity in sanctioning of…
India’s forex reserves fall $9.99 billion to $671.63 billion as of June 12
India’s foreign exchange reserves fell by $9.99 billion to $671.63 billion in the week ended June 12, 2026, according to data released by the Reserve…
RBI not in favour of offshore settlement for government securities, sources say
India‘s central bank is not looking to enable direct settlement of government securities via offshore settlement platforms like Euroclear — one of the world’s largest…
RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30
KOLKATA: The Reserve Bank of India on Wednesday temporarily removed the interest rate ceiling on non-resident deposits allowing banks to go all-out in overseas fund…
RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas funds
The Reserve Bank of India (RBI) on Wednesday temporarily relaxed interest rate restrictions on certain non-resident deposits, giving banks greater flexibility to offer higher returns…
Cooling crude may ease inflation heat, give RBI room to stay on pause despite WPI surge: YES Bank
New Delhi: India’s wholesale inflationary pressures remain elevated, but easing global crude oil prices and a stable rupee could help soften future price risks, potentially…
India, UAE step up efforts to expand re-dirham trade
More than 15% of the India-UAE trade has been invoiced in local currencies since the formalisation of the rupee-dirham mechanism nearly three years ago, India’s…
Remittances, services surplus lift India to $4.7 billion current account surplus in April
Kolkata: India reported a $4.7 billion current account surplus in April riding on higher inward remittance flows, Reserve Bank of India (RBI) data showed. This…
India posts $4.7 bn current account surplus in April; FPI outflows hit $8.7 bn
India recorded a current account surplus of $4.7 billion in April 2026, compared with a deficit of $4.8 billion a year earlier, even as net…
Inflation in June quarter likely to undershoot RBI forecast, rate hike probability drops ahead of monsoon risks
New Delhi: India’s inflation trajectory is giving the Reserve Bank of India more room to hold rates through Q1FY27, but food and fuel risks could…