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The Latest Breaking News from the Reserve Bank of India

RBI flags US-Iran war's impact on rupee, lists measures to manage forex

The Reserve Bank of India, in its annual report, said the rupee weakened nearly 10% in FY26 due to trade uncertainties, a wider deficit, the Middle East conflict and FII outflows. RBI intervened in forex markets and expanded measures such as SRVAs and local currency arrangements to stabilise the currency…

The Economic Times

Are banks closed for 14 days in Pune due to curfew? Here's what police officials said amid social media claims

Pune Police have clarified that no 14-day curfew is being imposed in the city. Social media rumours about a curfew starting May 26, 2026, are false. Banks will operate as usual and are not affected by any curfew. Bank holidays are determined by the Reserve Bank of India. Customers should…

The Economic Times

Is RBI running any donation or lottery compensation scheme? Check details

A fake email claiming to be from the Reserve Bank of India is circulating. It asks people to pay a credit fee for a 'Donation Program 2026' or to receive lottery compensation. The PIB Fact Check team has confirmed this is a phishing attempt. Citizens are warned not to share…

The Economic Times

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Rupee slips with Asian peers as hopes of imminent U.S.-Iran peace deal falter

The Indian rupee weakened against the dollar as crude oil prices surged amid fading hopes for a U.S.-Iran peace deal. State-run banks intervened to cushion the fall. Rising inflation concerns are prompting analysts to anticipate a Reserve Bank of India rate hike, though economists expect rates to remain steady. The…

The Economic Times

RBI, rating firms assess Iran war risks on Indian companies

The Reserve Bank of India is proactively assessing potential borrower stress due to the US-Iran conflict, engaging with local credit rating agencies. Discussions focused on evaluating ground conditions and the need for temporary regulatory relief to safeguard creditworthiness. Authorities aim to prevent economic growth from being hampered by any emerging…

The Economic Times

RBI unlikely to hike rates soon despite inflation risk, rate action only in Dec if needed: Icra's Aditi Nayar

The Reserve Bank of India is expected to hold off on interest rate hikes. Inflation risks are rising due to fuel prices and monsoon uncertainty. A rate increase is only likely by year-end if price pressures continue. The central bank will monitor for broader inflationary effects before acting. This cautious…

The Economic Times

RBI tightens norms for re-appointment of directors on UCB boards

The Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Following this, a mandatory three-year cooling-off period is required before re-appointment. This measure aims to prevent directors from circumventing tenure limits. The new directions are effective immediately,…

The Economic Times

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RBI to examine role of quantum technology in strengthening financial sector

The Reserve Bank of India is forming an expert committee to study quantum technology's role in finance. This new technology could revolutionize financial tasks but also poses security risks. The committee will assess current systems and recommend ways to make India's financial sector quantum-safe. The report is expected within six…

The Economic Times

RBI dividend provides fiscal buffer, but inflation risks loom large: Kanika Pasricha, Union Bank

The Reserve Bank of India's dividend payout provides a small fiscal buffer. However, government finances face pressure from fuel excise cuts and rising fertiliser subsidies. Inflation risks are increasing due to higher fuel prices. This situation suggests a cautious approach to monetary policy as the central bank monitors economic indicators.

The Economic Times

235% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.35 lakh

The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond SGB 2021-22 Series-I, fixed at Rs 15,840 per unit. Investors can redeem these bonds from May 25, 2026, after five years from the issue date. This premature redemption offers an impressive 235% simple return on…

The Economic Times

Arvind Panagariya on what RBI transfer of ₹2.87 lakh cr surplus to govt means for Indian economy

The Reserve Bank of India's record ₹2.87 lakh crore dividend transfer offers crucial fiscal support amid global economic turbulence. This substantial sum will bolster government spending on infrastructure, subsidies, and welfare programs. Experts highlight its importance for managing rising costs and maintaining economic stability, even as the RBI adjusts its…

The Economic Times

RBI ready to do 'whatever is required' to curb rupee volatility: Sanjay Malhotra

The Reserve Bank of India is ready to act to stabilize the foreign exchange market. Governor Sanjay Malhotra indicated the rupee may be undervalued. The central bank has tools and reserves to manage volatility. Inflation remains the primary focus for monetary policy. India's economic fundamentals are strong despite global pressures.

The Economic Times

Weakening currency: RBI weighs measures including rate hike to stabilise rupee

The Reserve Bank of India is exploring multiple options to stabilize the rupee, which recently hit a fresh low. These include a potential interest rate hike, increased currency swaps, and raising dollars from overseas investors through deposit schemes and sovereign bonds. Policymakers recognize the rupee's rapid depreciation and are prioritizing…

The Economic Times

Punjab FM Cheema urges Centre to share RBI’s ‘extraordinary’ dividend with states

Punjab's Finance Minister Harpal Singh Cheema calls for sharing the Reserve Bank of India's large dividend with states. He warns that taking too much from the RBI could harm India's long-term economic strength. Cheema emphasizes cooperative federalism and fiscal fairness. He also stresses the importance of maintaining the RBI's financial…

The Economic Times

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The Economic Times

Oil spike, global debt, market stress: RBI flags mounting external shocks but lays out 5 areas where India remains resilient

The Reserve Bank of India warns of global economic dangers from oil prices, debt, and market stress. However, India shows strength in growth, inflation control, and its banking sector. The nation remains a fast-growing economy. Strong domestic demand and government spending support this. India's foreign reserves are healthy, and its…

The Economic Times

India bond gains capped by smaller than expected RBI dividend

The benchmark 6.48% 2035 bond yield settled at 7.0917%, bouncing off the day's low of 7.0636%, but still 2.2 basis points below ‌Thursday's close. The ⁠yield ⁠rose 3 bps on the week after sharp swings inrecent sessions. Bond prices move inversely to yields.

The Economic Times

India’s forex reserves fall by $8.09 bn to $688.89 bn as of May 15

India's foreign exchange reserves saw a significant drop of over eight billion dollars in the week ending May 15. Foreign currency assets and gold reserves contributed to this decline. Despite this weekly fall, the country's forex reserves remain higher compared to the previous year. The Reserve Bank of India actively…

The Economic Times

RBI declares record Rs 2.87 lakh crore dividend to cushion war shock

The Reserve Bank of India announced a record surplus transfer to the government for FY27, though it falls short of budget estimates. This significant payout, driven by foreign exchange gains and investment income, provides a crucial fiscal buffer amidst rising energy prices and economic pressures.

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The Economic Times

RBI helping hand muscles breathing room for rupee, cools forward premiums

The Indian rupee strengthened to close above 96 per dollar for the first time in a week, following aggressive interventions by the Reserve Bank of India. The central bank sold billions of dollars and engaged in buy/sell swaps, pushing the rupee up despite rising crude oil prices. Analysts remain cautious,…

The Economic Times

Nifty Bank rises 650 points as report says RBI unlikely to hike rates to defend rupee; Axis, ICICI, HDFC shares jump up to 2%

Indian bank stocks surged on Friday morning. This followed a report indicating the Reserve Bank of India is not planning interest rate hikes to counter the rupee's decline. The RBI is reportedly focusing on inflation as the primary driver for its monetary policy decisions. Other measures are being considered in…

The Economic Times

Rupee plunge sees India turn to 2013 taper tantrum playbook

India's central bank is considering measures to stabilize the rupee. The currency has fallen to a record low, increasing import costs. The Reserve Bank of India is looking at past strategies to prevent further depreciation. These include interest rate hikes and attracting foreign investment. The goal is to break a…

The Economic Times

RBI not in favour of rate hikes to defend rupee, prioritises inflation: Sources

India's central bank, the Reserve Bank of India, is not favoring interest rate hikes to protect the rupee. Instead, it is exploring other measures. Inflation, not the currency, will guide borrowing cost decisions. Policymakers are considering options like dollar deposit schemes and tax adjustments. The RBI believes rate hikes would…

The Economic Times

RBI not in favour of rate hikes to defend rupee, prioritises inflation

The Reserve Bank of India is not favoring interest rate hikes to protect the rupee. Instead, it is exploring other options. Inflation, not the currency, will guide borrowing cost decisions. Policymakers are considering various measures in coordination with the government.

The Economic Times

Global Market: Oil crisis and strong dollar intensify pressure on Asian currencies

Asian economies face a global energy shock. Policymakers are enacting emergency measures as currencies weaken and fuel costs surge. India urges reduced overseas travel and gold purchases. Indonesia hikes interest rates and tightens export earnings control. The Philippines also raises rates. These actions aim to stabilize economies amid rising oil…

The Economic Times

Arvind Panagariya’s advice to RBI: ‘100 is just a number; let rupee depreciate or reserves will bleed out’

Arvind Panagariya, Chairman of the 16th Finance Commission, advises the Reserve Bank of India to allow the Indian rupee to weaken. He believes aggressively defending the currency with foreign exchange reserves is a losing strategy. Panagariya suggests that letting the rupee depreciate is the correct response to rising oil prices…

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