RBI: RBI News, RBI Announcements, Reserve Bank of India Rates - The Economic Times (original) (raw)
RBI MPC highlights: Top decisions announced by Governor Sanjay Malhotra & Co
RBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra announced the Monetary Policy Committee's (MPC) decision, with repo rate remaining unchanged at 5.25%. At its previous policy review in April, the RBI had kept rates unchanged, choosing to closely monitor the evolving geopolitical situation and its potential impact on energy prices, inflation and economic activity.
RBI GDP growth 2026-27: Forecast cut to 6.6% as oil, war and subpar monsoon risks mount
RBI GDP Growth 2026-27: The Reserve Bank of India has reduced its economic growth forecast for FY27 to 6.6 percent. This adjustment comes amid concerns over global conflicts, energy prices, and weather. The central bank has maintained the key interest rate at 5.25 percent. India's economy shows resilience, but future growth faces challenges from oil prices and monsoon forecasts.
Is RBI replacing paper currency with plastic notes from June 30, 2026? Check details
Viral social media claims about the Reserve Bank of India replacing paper currency with plastic notes by June 30, 2026, are false. The Press Information Bureau's fact-check team has debunked these posts. The RBI is considering polymer currency but no final decision is made. Citizens should rely on official sources for currency information.
RBI may need to absorb at least half of hedging cost to spur ECBs by PSUs
The Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps for overseas borrowing until September 2026. Bankers suggest the RBI needs to cover at least half the hedging costs for this to make borrowing abroad cheaper and viable for these companies.
RBI offers concessional swaps for PSUs, NRI deposits to drive forex inflows
The Reserve Bank of India has introduced new foreign exchange measures. These include offering special swap facilities to encourage state-owned companies to raise funds abroad. The RBI will also provide swap facilities for foreign currency non-resident deposits. These measures aim to support fundraising efforts and are effective immediately with specific end dates.
RBI MPC: India's Goldilocks moment dims, but the lights are not out
India's economic "Goldilocks moment" is shifting as the RBI raises its inflation forecast and lowers growth projections due to external shocks like the West Asia conflict and elevated oil prices. Despite these headwinds, the central bank believes strong domestic fundamentals, including resilient consumption and investment, will help cushion the blow.
Why the RBI kept rates unchanged amid oil, rupee and geopolitical pressures
RBI Repo Rate: The Reserve Bank of India has maintained its key interest rate at 5.25%. This decision prioritizes economic growth as inflation remains below the central bank's target. Despite rising oil prices and a weaker rupee, consumer price pressures are contained. Policymakers are monitoring global developments and will assess the impact of higher energy costs before considering further action.
RBI seen joining Asia’s rate-hike push as inflation risks rise
The Reserve Bank of India is expected to increase interest rates soon. This move aligns with other central banks responding to rising inflation. Policymakers have signaled a potential rate hike if price pressures become widespread. The RBI has also raised its inflation forecast for the fiscal year ending March 2027. Economists anticipate rate increases in the coming months.
RBI allows banks to lend directly to REITs & InvITs, caps apply
The Reserve Bank of India now permits banks to directly fund Real Estate Investment Trusts and Infrastructure Investment Trusts. Strict rules are in place, including exposure limits and asset eligibility. These changes aim to boost credit access for income-generating trusts while ensuring financial stability. The new framework becomes effective from October 1, 2026.
RBI worries higher energy costs could fuel inflation, slow growth
RBI MPC Meeting 2026 Crude Oil Price Impact on Inflation: India's headline inflation may rise by 36 basis points due to higher petrol and diesel prices. The Reserve Bank of India warns that elevated energy costs and supply disruptions will impact economic activity. Global factors are also contributing to broader inflationary pressures. The central bank has maintained its key repo rate and policy stance.
RBI clears Myntra's FEMA violations after penalty payment; ED closes investigation
The Reserve Bank of India has closed an Enforcement Directorate investigation into Myntra Designs Private Limited. This action follows the RBI compounding certain Foreign Exchange Management Act violations. The company faced allegations of delays in submitting overseas investment reports and undertaking commitments before compliance. The RBI imposed a one-time monetary penalty, resolving the matter and concluding the probe.
Strong backing, but light touch: What is the RBI's rupee playbook?
The Reserve Bank of India will let the rupee's value be set by the market. It will only step in if trading becomes too unstable. Simultaneously, the RBI is introducing new plans to bring more foreign money into India. These steps aim to strengthen the country's finances amid global uncertainty.
RBI's reform package could pull $40-75b inflows, push rupee to 92-93 and keep August rate on hold
The RBI's recent announcements are expected to attract substantial foreign capital, potentially strengthening the rupee. Analysts anticipate the monetary policy committee will hold interest rates steady in August. Measures include expanding access to government securities and offering incentives for foreign investments. These steps aim to boost the economy and manage currency fluctuations.
Anxious with news of RBI selling gold? Here's the fact and what should you do
India's gold reserve: Reports of the Reserve Bank of India selling gold have been debunked by the central bank and the PIB Fact Check team. The RBI confirmed its physical gold stock remains steady at 880.52 tonnes. While the quantity has been stable, the value of gold reserves has significantly increased due to rising global prices, offering reassurance to investors.
Rupee rises 50 paise to 95.24 against US dollar post RBI policy decision
The rupee strengthened significantly against the US dollar, gaining 50 paise to reach 95.24 following the RBI's liberalization of FPI investment norms in government securities. This move, coupled with the central bank's assertion of robust forex reserves, boosted investor confidence. The RBI also maintained its repo rate at 5.25% and adjusted GDP and inflation projections.
RBI opens a dollar swap window to help hedge foreign borrowings
The Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge their foreign currency borrowings. The facility will be available at a fixed cost of 1.5% per annum. This initiative is expected to encourage significant inflows into the FCNR-B window.
RBI governor says no plans to ease net open position restrictions
The Reserve Bank of India will maintain its restriction on banks' net open positions. Governor Sanjay Malhotra confirmed no plans exist to discontinue the measure. This rule limits overnight unhedged exposure to curb pressure on the rupee. The RBI implemented this at the end of March to stabilize the currency.
RBI calls off T-Bill auction on higher-yield demand
The Reserve Bank of India (RBI) withdrew its ₹12,000 crore treasury bill auction for 182-day and 364-day maturities, reportedly due to high yield bids. This action supported bond prices, with the benchmark 10-year government bond yield falling. The RBI's decision may also be influenced by the government's substantial cash balance following a record dividend payment.
RBI denies report of $12 billion gold sale, says holdings unchanged
The Reserve Bank of India has refuted claims of selling gold reserves. Reports suggested a sale of approximately $12 billion in gold. The RBI stated its physical gold stock remains unchanged at 880.52 tonnes. These reports are inaccurate, according to the central bank. The RBI's stance clarifies its position on its gold holdings.
RBI MPC Meeting at a Glance: Your one-stop guide for all key decisions
RBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra will announce the Monetary Policy Committee's decision on Friday. The key policy rate is expected to remain unchanged at 5.25%. This pause reflects a cautious approach amid the West Asia conflict. The conflict poses risks to inflation and economic growth. The committee began its meeting on Wednesday. Retail inflation has moderated to 3.48%.
Currency, bond markets await RBI cues from MPC meet
The Indian rupee and benchmark bond yields traded narrowly on Thursday ahead of Friday's policy rate decision and potential currency support measures. The rupee closed at 95.78, with the RBI intervening to prevent further depreciation. Markets awaited key announcements, while dollar demand from oil companies persisted.
RBI fines Canara Bank for violations related to KYC, inactive accounts
The Reserve Bank of India has taken action against Canara Bank, slapping a substantial Rs 41.8 lakh fine for failing to comply with Know Your Customer regulations and for errors in account classification. In a related case, Puran Associates Pvt Ltd has received a Rs 3.1 lakh penalty related to asset classification concerns.
RBI MPC: A challenge Shaktikanta Das contained may be resurfacing again
India's central bank, the RBI, confronts a new inflation challenge. Rising oil prices and supply disruptions threaten to undo recent progress. Policymakers are now considering a potential rate hike. This comes as the monsoon forecast also raises concerns about food prices. The RBI's focus shifts to managing inflation expectations amidst global uncertainties.
RBI ramped rupee defense to record before government bazooka
The Reserve Bank of India has reached a record 110−110-110−115 billion in its net-short dollar book, a key tool for defending the rupee. This significant increase in forward dollar sales, particularly in offshore markets, aims to curb excessive volatility driven by factors like oil price shocks and speculative pressures.
Indian bonds draw buyers on RBI measures, softer oil
Indian government bonds saw renewed buying on Tuesday. Lower oil prices and Reserve Bank of India measures to attract dollar inflows improved sentiment. The benchmark bond yield fell. The RBI's recent policy decision focused on attracting foreign debt inflows. These measures are expected to bring significant inflows. India posted a current account surplus in the last quarter.
Will rising inflation bring good news of higher interest rate for FD investors in coming RBI MPC meeting on June 5
The RBI is widely expected to keep the repo rate unchanged at 5.25% in the June 5 MPC meeting despite concerns over rising fuel prices, a weaker rupee and geopolitical tensions. Experts believe FD rates are unlikely to rise soon as liquidity conditions, credit growth and deposit growth have stabilised. Most analysts see little chance of an immediate repo rate hike, suggesting FD investors may have to wait longer for any meaningful increase in fixed deposit interest rates.
RBI MPC June meet 2026: What's cheaper and what's costlier
The Reserve Bank of India has maintained the repo rate at 5.25%. This decision comes as policymakers assess the effects of higher energy prices and supply chain issues. The ongoing West Asia conflict is a key factor. Home loans and business borrowing costs are expected to remain stable. Savers will likely see fixed deposit rates stay near current levels.
RBI's foreign capital push reflects rising inflation, slowing growth concerns: Report
The Reserve Bank of India is introducing new measures to attract foreign investment. This move aims to tackle rising inflation, slowing economic growth, and external sector pressures. The central bank is focusing on boosting capital inflows to manage the country's balance of payments. These steps are designed to support the rupee and domestic liquidity in the short to medium term.
Short-end Indian debt gains as RBI dollar measures spur buying
Short-term Indian government bond yields have dropped to their lowest in three months. This move steepens the yield curve significantly. Expectations are high that banks will invest funds from the RBI's dollar inflow measures into this segment. The Reserve Bank of India's steps to attract foreign currency deposits are expected to lower funding costs for banks.
Reliance traders said to game plan in case RBI raises rates
Reliance Industries' treasury department is exploring strategies to manage its cash reserves amid potential interest rate hikes by the Reserve Bank of India. Traders are considering shifting funds to short-dated money market instruments, anticipating capital gains as yield spreads are expected to narrow. The company's discussions precede an upcoming RBI rate decision, with markets anticipating potential hawkish measures.
Rupee dips; RBI-led relief may fade without inflow measures, bankers say
The Indian Rupee declined on Thursday, continuing a two-day fall. Weaker Asian currencies and importer hedging impacted the Rupee. The Reserve Bank of India's intervention had previously supported the currency. Future RBI policy actions will be crucial. Asian currencies also weakened amid global tensions.
Bank stocks rally as RBI steps lift mood, trigger short covering
On Tuesday, bank stocks rocketed upwards following strategic interventions by the Reserve Bank of India aimed at shielding foreign currency loans. This move has revitalized investor confidence, propelling Bank Nifty to a remarkable close above 55,000. Many banks saw impressive gains, and experts forecast that these measures will enhance deposit growth while reducing overall funding expenses.
From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capital
India is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new measures. These aim to bring in more dollars and stabilize the rupee. The initiatives include special swap facilities and tax exemptions for foreign investors. These actions are designed to make Indian markets more appealing to overseas capital.
308% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.08 lakh
The RBI has announced the premature redemption price for Sovereign Gold Bond (SGB) 2019-20 Series-VII, set at Rs 15,275 per unit. Investors can redeem these bonds from June 10, 2026, after the fifth year of issuance. This offers a significant return of approximately 308% on the initial investment.22k gold rate today: Check 24k, 22k, 18k gold prices (June 10, 2026) at Tanishq, Joyalukkas, Kalyan Jewellers, Malabar Gold & Diamonds and IBJAhttps://economictimes.indiatimes.com/wealth/invest/22k-gold-rate-today-check-24k-22k-18k-gold-prices-june-10-2026-at-tanishq-joyalukkas-kalyan-jewellers-malabar-gold-diamonds-and-ibja/articleshow/131630032.cms
RBI issues draft CCR framework aligned with global standards
The Reserve Bank of India has released draft rules for banks. These rules cover how banks calculate risks from derivative deals. They also set capital needs for banks dealing with central counterparties. The guidelines aim to align with global standards. Feedback is open until July 2026. New rules start April 2027.
R Gandhi calls RBI policy 'on expected lines', sees no immediate rate hike risks
The Reserve Bank of India has maintained its neutral policy stance and kept interest rates steady. The central bank has adjusted its forecasts for economic growth and inflation. New measures are in place to encourage foreign investment. These steps aim to stabilize the Indian Rupee. Experts believe these decisions align with market expectations.
Banks likely to go all out to attract diaspora investment
RBI's decision to bear the hedging cost on FCNR-B deposits and exempt banks from maintaining the cash reserve ratio and statutory liquidity ratio against those deposits would save around 300 basis points of operational cost for banks, senior bankers said. "I have told our team to raise FCNR-B rates by 150 basis points to start with. We can increase rates up to 200 basis points ," Canara Bank managing director Brajesh Kumar Singh told ET.
RBI policy press conference: Here's everything that came up for discussion
The Reserve Bank of India unveiled new measures to attract deposits and bolster the economy. Governor Sanjay Malhotra discussed strategies for economic growth and inflation management. The central bank aims to draw in foreign exchange through various initiatives. These steps are designed to ensure a stable economic environment and encourage investment.
RBI may have sold gold to save foreign reserves, BE report shows
The RBI may have sold about $12 billion worth of gold reserves in the two weeks through May 22 to protect its foreign-currency assets amid capital outflows and rising oil prices, according to Bloomberg Economics. The move suggests policymakers are prioritising liquid forex reserves as Middle East tensions pressure the rupee.
RBI MPC Meeting 2026 Highlights: Sanjay Malhotra & co keeps repo rate unchanged, flags economic risks as Iran war impact penetrates into economy
RBI Monetary Policy Meeting: The Reserve Bank of India (RBI) Governor Sanjay Malhotra, under the latest Monetary Policy Committee (MPC), announced its decision to keep the repo rate unchanged and maintain the neutral stance. The June Monetary Policy Committee meeting, led by Governor Sanjay Malhotra, came at a time when the Indian economy is facing impacts of the conflict in West Asia at multiple levels. The Governor said that the duration of supply chain disruptions and its impact on prices foremost concern right now. Repo rate unchanged The repo rate, decided by the Reserve Bank of India, is the interest rate at which the central bank lends short-term funds to commercial banks. The central bank has unanimously decided to keep the key lending rate unchanged at 5.25 per cent and remain data-dependent to closely monitor the developments.
RBI holds repo rate, but for how long will relief for home loan borrowers continue?
The RBI’s decision to keep the repo rate unchanged at 5.25% has provided relief to home loan borrowers, but rising inflation could trigger future rate hikes and costlier EMIs. Borrowers can reduce interest burden through strategies such as home loan prepayments, paying an extra EMI annually, or refinancing at lower rates. These methods can save lakhs in interest and significantly shorten loan tenure.
RBI’s Swaminathan warns banks on rising risks beyond balance sheets
Indian banks face a new era of resilience. RBI Deputy Governor Swaminathan J highlighted the need to manage complex uncertainties from geopolitics, climate change, and AI. This shift moves beyond balance sheet stress. Banks must adapt to unpredictable risks. The Indian financial system is entering this phase with strong fundamentals.
FEMA case against Myntra closed following compounding: ED
Myntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no objection, allowing the e-commerce platform to settle alleged FEMA contraventions involving over Rs 45 crore with a one-time payment of Rs 2.88 lakh. This move aligns with the government's 'ease of doing business' initiative.
RBI cancels registration certificates of 135 NBFCs
The Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered their licenses. These actions are due to various reasons including exiting the business or ceasing to be legal entities. Many of the cancelled companies were based in West Bengal. This move impacts the financial landscape.
RBI keeps repo rate unchanged at 5.25%, boosts rupee with new measures
The RBI's Monetary Policy Committee unanimously held the repo rate at 5.25% and maintained a neutral stance, citing amplified inflation risks. To bolster the rupee, the central bank introduced multiple measures, including expanding accessible securities for foreign investors and increasing investment limits for NRIs. These actions aim to attract foreign capital and strengthen India's balance of payments.
RBI measures likely to attract USD 55-65 billion inflows in FY27: SBI report
India anticipates USD 55-65 billion in foreign inflows this fiscal year. The Reserve Bank of India's recent measures aim to stabilize the rupee and boost the country's balance of payments. These initiatives are expected to attract more foreign capital and deepen the domestic debt market. The overall balance of payments is projected to be in surplus for FY27.
Rate hikes are coming, RBI has sent a clear signal, says Anubhuti Sahay, Standard Chartered
Despite holding the repo rate steady, the Reserve Bank of India's significantly upgraded inflation forecasts signal a strong likelihood of rate hikes from August. Anubhuti Sahay of Standard Chartered highlights that elevated inflation projections, coupled with upside risks from oil prices and El Niño, suggest a deliberate sequencing of policy tools, with further rate increases firmly in view.
FX swap window may spur PSU rush for overseas loans
Public sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5% fixed-rate swap. This initiative is expected to attract significant dollar inflows, offering Indian companies cheaper funding options below 7% compared to domestic rates.
RBI approves Sahamati as SRO for Account Aggregator ecosystem
The Reserve Bank of India has recognized Sahamati as the Self-Regulatory Organisation for the Account Aggregator ecosystem. This move formalizes governance and operational standards for financial data sharing. Sahamati, a not-for-profit entity, will now oversee this crucial network. The ecosystem facilitates consent-based sharing of financial data, benefiting credit underwriting and customer assessment.
Rupee slips 29 paise to 95.27, RBI steps in to arrest slide
The Indian rupee weakened by 29 paise to close at 95.27 against the dollar on Tuesday, pressured by foreign investor outflows and high crude oil prices. The Reserve Bank of India's intervention helped contain further losses, with the rupee trading between 95.29 and 95.02. Market participants await the RBI's rate decision and currency communication on Friday.
Analysts see RBI measures steadying rupee, push back depreciation forecasts
The Indian rupee strengthened as falling crude oil prices and central bank measures to attract dollar inflows bolstered sentiment. Analysts have revised depreciation forecasts downward, with some expecting the rupee to trade around 93 in the short run. These steps aim to counter recent pressure that saw the rupee hit a record low.
Top corporate bonds, long gilts can be a good play as RBI holds rates
The RBI maintained its repo rate at 5.25% and a neutral stance, raising inflation forecasts due to West Asian conflict-driven oil price hikes. Fund managers suggest corporate bonds for accrual income and a tactical bet on long-tenure gilt funds, anticipating improved FPI inflows after tax benefits.
Government denies new report stating RBI may have sold $12 billion gold to rescue rupee
Reports claiming the Reserve Bank of India sold gold to support the rupee have been denied by the Indian government. Official data shows India's gold reserves have actually increased. The Reserve Bank of India's share of gold in its foreign exchange reserves rose significantly between September 2025 and May 2026. This contradicts claims of gold sales to manage currency decline.
RBI MPC outcome: Experts decode what the policy decision means for mutual fund investors
The Reserve Bank of India's Monetary Policy Committee held the repo rate steady at 5.25%, maintaining a neutral stance. Experts advise investors to focus on capital preservation and short-term strategies amidst global geopolitical risks. While some anticipate rupee stabilization, others foresee potential rate hikes if inflation persists, impacting bond market yields.
RBI exempts bank swap deals from net unhedged FX exposure norm
Banks will benefit from new Reserve Bank of India rules. Swap deals for foreign currency funds will not count towards their overnight foreign currency market position. This change aims to help banks raise foreign currency more easily. The RBI had previously set a limit to control market volatility. This move is expected to provide relief and encourage foreign currency inflows.
Muted returns on market bets steer funds back to banks
As per RBI data, bank deposits stood at Rs 256.9 lakh crore as of May 15, 2026, registering a year-on-year growth of 12.2% - well above the 10% growth recorded in the corresponding period last year - with time deposits leading the charge, rising 12.3% to Rs 225.2 lakh crore and accounting for 87.7% of total deposits.