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Story so far: In view of the evolving geopolitical conditions, fluctuations in oil prices and to ensure orderly functioning of the foreign exchange market, the Reserve Bank of India (RBI) on October 10, 2026, issued two circulars, announcing several regulatory measures. What were the measures? Restrictions on rebooking of cancelled foreign exchange derivative contracts: as…
After months of waiting and watching, the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) has decided to act to try to rein in rising inflation. Its decision to raise interest rates by 25 bps seemed increasingly inevitable. The RBI now projects retail inflation at 4.9% in Q2, higher than its August projection of…
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…
Read More “Banks to offer financial respite to farmers in 101 drought-hit taluks in Karnataka” »
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…
Read More “RBI files caveat after rejecting Tata Sons bid to avoid listing, source says” »
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…
Read More “Rupee jumps 39 paise to 94.89 against U.S. dollar” »
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…
Read More “RBI says $40.82 billion mobilised under forex swap facility till July 31” »
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…
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…
The graph of the Indian rupee has been snaking sharply downward. The rupee-to-dollar exchange rate, or the rupees needed to purchase a U.S. dollar, crossed 96 in May this year. That rate was around 85 a year ago, indicating the rupee’s decline in value since then. Exchange rate is the price that a currency, such…
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…