Tag: Reserve Bank of India
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…
India’s forex reserves drop $711 million to $681.610 billion, RBI data shows
India’s forex reserves dropped $711 million to $681.610 billion during the week ending June 5 due to a sharp decline in foreign currency reserves, according…
RBI permits banks to lend only to SEBI-Registered REITs & InvITs; 80% cash-generating assets mandatory
New Delhi: The Reserve Bank of India has mandated that all loans to REITs and InvITs must be fully secured and repaid in line with…