Keywords: Reserve Bank of India


India attracts nearly $10 billion through RBI deposit scheme to strengthen rupee

India has secured nearly $10 billion in foreign currency inflows through a special deposit programme launched by the Reserve Bank of India (RBI), as authorities seek to reinforce foreign exchange reserves and support the stability of the Indian rupee, according to sources familiar with the matter. The......

India weighs tougher cryptocurrency restrictions as central bank renews call for ban

India's financial authorities are signalling a tougher stance on cryptocurrencies, with the country's central bank once again advocating policies that would effectively prohibit crypto assets while tax officials warn that offshore trading platforms present growing compliance challenges. Government......

Foreign investors return to Indian banking Stocks as policy measures drive 14-month inflow high

Foreign investors have made a strong return to India's banking sector, with financial stocks attracting their largest fortnightly inflows in 14 months during the second half of June, supported by policy initiatives, attractive valuations and improving earnings expectations. Data released by the......

Indian Rupee expected to stay weak despite RBI measures to boost Dollar inflows

The Indian rupee is expected to remain under pressure against the U.S. dollar over the coming months, despite recent policy measures by the Reserve Bank of India (RBI) aimed at attracting foreign capital and strengthening the country's external position. According to a Reuters survey of currency......

India’s Central Bank steps in to support the rupee amid global energy turmoil

Reserve Bank of India intervened heavily in the foreign exchange market during March after the Indian rupee came under strong pressure from rising global energy prices and financial uncertainty linked to tensions in the Middle East. According to official financial data, the central bank became a net......

Indian rupee and bonds eye inflation data amid ongoing Iran conflict

The Indian rupee and government bond markets are expected to remain highly sensitive to upcoming inflation data as global investors continue to monitor geopolitical tensions linked to the ongoing conflict involving the United States and Iran. The currency and debt markets in India have been influenced......

India's new 10-year bond likely to be issued at above 7% coupon, analysts say

India is preparing to issue a new 10-year government bond that is expected to carry a coupon rate above 7%, according to market analysts. This would mark the first time in two years that such a level has been reached, reflecting growing pressure on borrowing costs. The government plans to raise around......

India appoints Rohit Jain as deputy governor of the Reserve Bank of India

The government of India has appointed Rohit Jain as a deputy governor of the Reserve Bank of India, according to an official government notice. Jain’s appointment will take effect from May 3 for a term of three years. He currently serves as an executive director at the central bank, and his new......

MobiKwik secures central bank approval for NBFC licence in India

India’s fintech sector continues to expand as MobiKwik has received approval from the Reserve Bank of India to operate as a non-banking financial company (NBFC). The announcement, made by its parent firm One MobiKwik Systems, marks a significant milestone in the company’s evolution from a......