Tag: Reserve Bank of India

Banks to offer financial respite to farmers in 101 drought-hit taluks in Karnataka

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Banks to offer financial respite to farmers in 101 drought-hit taluks in Karnataka

101 taluks in Karnataka have been hit as drought-hit. | Photo Credit: S.K. Dinesh Banks in Karnataka have come forward to extend relief package to farmers in 101 drought-hit taluks across the State. The State Level Bankers’ Committee (SLBC), an apex inter-institutional forum created by the Reserve Bank of India (RBI) under the Lead Bank…

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Nation

RBI files caveat after rejecting Tata Sons bid to avoid listing, source says

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RBI files caveat after rejecting Tata Sons bid to avoid listing, source says

The Reserve Bank of India (RBI) — the country’s central bank ​and banking regulator — has pre-emptively approached the courts seeking to ‌be heard in any matter filed related ​to the listing of Tata Sons, ⁠a source directly familiar with the matter said. The move follows the RBI’s rejection of Tata Sons’ application to deregister…

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Business

Rupee jumps 39 paise to 94.89 against U.S. dollar

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Rupee jumps 39 paise to 94.89 against U.S. dollar

This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee gained 39 paise to 94.89 against the U.S. dollar in early trade on Wednesday (August 5, 2026), supported by falling crude oil prices following progress in U.S.-Iran talks and a pause in planned strikes. Forex traders said investors are closely…

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Business

RBI says $40.82 billion mobilised under forex swap facility till July 31

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RBI says .82 billion mobilised under forex swap facility till July 31

Image used for representational purposes. File | Photo Credit: Reuters The Reserve Bank on Saturday (August 1, 2026) said its concessional swap facility, introduced to encourage foreign currency inflows, has attracted $40.82 billion till July 31. The swap facility has seen avid interest and attracted steady forex inflows since June 8, 2026, the central bank…

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Business

Forex reserve at healthy $682 billion, adequate to provide import cover for 11 months: RBI Governor

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Forex reserve at healthy 2 billion, adequate to provide import cover for 11 months: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra. File. | Photo Credit: ANI Reserve Bank Governor Sanjay Malhotra on Friday (June 5, 2026) said the forex reserve stood at a healthy $682.3 billion, adequate to provide import cover for about 11 months. Various policy initiatives are expected to strengthen the balance of payments, he said…

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Business

Banks in Karnataka disbursed ₹2,47,754 crore towards agriculture sector in Q4, exceeded target by ₹25,551 crore

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Banks in Karnataka disbursed ₹2,47,754 crore towards agriculture sector in Q4, exceeded target by ₹25,551 crore

The 175th State Level Bankers’ Committee meeting was held at Vidhana Soudha on May 26. | Photo Credit: File photo Banks in Karnataka have reported a disbursement of ₹2,47,754 crore towards the agriculture sector in the fourth quarter ended March 31, 2026, as against their target of ₹2,22,203 crore, said Bhavendra Kumar, executive director, Canara…

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Nation

Net foreign investments fell to -$11.7 billion in March 2026 as FPI outflows eclipsed FDI inflows

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Net foreign investments fell to -.7 billion in March 2026 as FPI outflows eclipsed FDI inflows

This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto Amidst pressure on the rupee and India’s foreign exchange reserves, the latest data from the Reserve Bank of India (RBI) shows that the total amount of money that left the country in March 2026 exceeded inflows by $11.7 billion. This was the…

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Business

​Bursting at the seams: On the rise in inflation

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​Bursting at the seams: On the rise in inflation

India’s April retail inflation, at a 13-month high of 3.48%, is only marginally higher than its March print of 3.4%, and continues to remain deceptively benign. Wholesale inflation has more than doubled to 8.3% in April from 3.88% in March — a 42-month high — signalling that substantial upstream price pressures are still working their…

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Business

RBI highlights mixed economic trends in India as West Asia crisis impacts demand, supply

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RBI highlights mixed economic trends in India as West Asia crisis impacts demand, supply

A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai. Image used for representation purpose only. | Photo Credit: Reuters The Indian economy is giving mixed signals in the wake of the West Asia crisis, with some demand indicators remaining strong, while others weaken, and supply indicators starting to show signs…

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Business