RBI

New Delhi, May 24: India’s fiscal situation may continue to face pressure despite the Reserve Bank of India transferring a record surplus of ₹2.87 trillion to the central government for 2025-26. While the transfer…
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New Delhi, May 24: India’s foreign exchange reserves witnessed a sharp decline in the week ended May 15, falling by $8.09 billion to $688.89 billion, according to data released by the Reserve Bank of India (RBI). The fall…
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New Delhi, May 22: Reserve Bank of India’s (RBI) record surplus transfer of Rupees 2.87 trillion to the Centre for FY27 will offer only limited support to India’s fiscal position, which is already under pressure due to…
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New Delhi, May 19: The Reserve Bank of India has cancelled the licence of Sarvodaya Co-operative Bank after finding serious regulatory non-compliance. The bank has been barred from conducting any banking operations, and authorities have…
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New Delhi, May 19: The Indian rupee weakened sharply on Tuesday, slipping to a record low of 96.47 against the US dollar. The decline reflects sustained strength in the US currency and mounting pressure on India’s import-dependent economy,…
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New Delhi. May 15: The Indian rupee plunged to a historic low on Friday, breaching the 96 mark against the US dollar for the first time ever. The domestic currency fell 50 paise during the day to touch an all-time low of 96.14 in the…
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New Delhi, May 15: The Reserve Bank of India (RBI) has increased trading targets for primary dealers in a move aimed at strengthening liquidity in the government securities market and deepening participation in sovereign…
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New Delhi, May 14: India’s wholesale inflation accelerated sharply in April, with the Wholesale Price Index (WPI)-based inflation rising to 8.3 percent, the highest level in 42 months driven mainly by soaring fuel and energy costs linked to…
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New Delhi, May 14: India is considering a major reduction in taxes imposed on foreign investors investing in government bonds as policymakers look to attract overseas capital, stabilise the rupee and align India’s taxation…
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New Delhi, May 13: Global financial services firm Morgan Stanley has revised India’s GDP growth forecast for FY27 upward to 6.7 per cent from its earlier estimate of 6.2 per cent, citing softer crude oil price expectations despite ongoing…
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