Tag Archives: Reserve Bank of India

The strengthening economic ties with China, the second-largest world economy, complement other positive factors for India. (AI image) Indian stock markets may see a boost with several positive catalysts fuelling bullish sentiment. Prime Minister Narendra Modi’s meeting with Chinese President Xi Jinping, alongside recent GST rate cuts, have generated positive sentiment regarding the potential for Indian equities to reduce their …

MUMBAI: The rupee bucked the trend among Asian peers on Friday, slipping to a record low even as most emerging market currencies strengthened against the dollar. It closed at 88.27 after touching an intra-day low of 88.36, weaker than Thursday’s close of 88.15.The fall came amid concerns over US tariffs, while intervention by Reserve Bank of India through state-run banks …

India’s forex reserve surges India’s foreign exchange reserves rose by $3.51 billion, reaching $694.23 billion for the week ended August 29, as reported by the Reserve Bank of India (RBI) on Friday. This follows a decline of $4.386 billion to USD 690.72 billion in the preceding week.The data for the week ended August 29 revealed that foreign currency assets, which …

India’s current account deficit (CAD) narrowed sharply to $2.4 billion, or 0.2% of GDP, in the June quarter of 2025-26, from $8.6 billion (0.9% of GDP) in the same period last year, the Reserve Bank of India (RBI) said on Monday.The improvement was aided by robust services exports, even as the merchandise trade gap widened. For the full year 2024-25, …

Bank holidays in India can be cause of confusion, especially when it comes to Saturday operations. According to the Reserve Bank of India (RBI) guidelines, banks operate on first, third and fifth Saturdays, while remaining closed on second and fourth Saturdays each month.Besides Saturday closures, banks observe national and regional holidays. It’s worth noting that bank branch closures differ across …

India’s foreign exchange reserves fell by $4.386 billion to $690.72 billion in the week ended August 22, the Reserve Bank of India (RBI) said on Friday.The overall reserves had risen $1.488 billion to $695.106 billion in the preceding reporting week, PTI reported.According to RBI data, foreign currency assets (FCA)—the biggest component of reserves—declined $3.652 billion to $582.251 billion. FCA, expressed …

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has received the Reserve Bank of India’s (RBI) approval to acquire up to 24.99% stake in Yes Bank, the private sector lender announced on Saturday.The development comes after Yes Bank’s May 9 disclosure about SMBC’s plan to purchase a 20% holding in the bank through a secondary stake buy, 13.19% from the State Bank …

NEW DELHI: India’s foreign exchange reserves rose by $1.48 billion to $ 695.10 billion in the week ended August 15, driven primarily by gains in foreign currency assets (FCA), according to the Reserve Bank of India’s (RBI) latest ‘Weekly Statistical Supplement.’Foreign currency assets, the largest component of India’s forex reserves, increased by $1.92 billion to $585.90 billion. In contrast, gold …

Stock markets are set for another potentially turbulent week in the wake of Us tariff impact, q1 earnings and inflation data expected this week. This week’s trading would only span across days; Friday being an holiday on account of Independence Day. In the upcoming week, investors will be focusing on India’s Consumer Price Index (CPI) and Wholesale Price Index (WPI) …

Financial inclusion is about more than just providing access to banking — it’s about equipping people with the knowledge to improve their lives, Reserve Bank of India Deputy Governor Swaminathan Janakiraman said on Saturday.Speaking at the Financial Inclusion Saturation programme organised by Indian Bank in Tiruvallur district, Janakiraman said initiatives like Re-KYC camps help citizens complete mandatory procedures without visiting …