The rupee breached ₹89 to the dollar in late November 2025, closing at about ₹89.46, and crucially has weakened against several other major currencies. Nominal and Real Effective Exchange Rate indicators show the decline is broad-based, indicating a “real” depreciation rather than a dollar-only move. India’s currency slid to record…
Tag: RBI
News
GoI Announces Re-Issue Auction of Four Govt Securities
The Government of India has announced a fresh re-issue auction of four key Government Securities (G-Secs) with a combined notified amount of ₹32,000 crore. The auction, scheduled for November 28, 2025, will be conducted by the Reserve Bank of India (RBI) in Mumbai through a price-based multiple price method. The…
News
TRAI Mandates 1600-Series for All BFSI Calls
The Telecom Regulatory Authority of India (TRAI) has issued a Direction mandating the phased adoption of the new “1600” numbering series by entities regulated by the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Pension Fund Regulatory and Development Authority (PFRDA). The move aims to…
News
India Eyes Bigger Banks via Mergers: FM Sitharaman
Mumbai, Nov 6: Finance Minister Nirmala Sitharaman announced that India is working towards creating more “big banks” by consolidating state-owned lenders and enhancing financial resilience through reforms. Speaking at a public event, she said that the government has already begun discussions with the Reserve Bank of India (RBI) and public…
News
RBI’s Eased ECB Norms Unlikely to Attract Firms
New Delhi, October 28, 2025: The Reserve Bank of India (RBI) has unveiled a sweeping overhaul of the External Commercial Borrowing (ECB) framework, allowing Indian companies to borrow more from overseas lenders with fewer restrictions. However, experts suggest that these relaxations may not immediately spark a surge in foreign borrowings…
News
RBI Warns Rupee Pressure, Eyes Market Intervention
NEW DELHI: The Reserve Bank of India (RBI) has signaled that the rupee is currently under speculative attack and confirmed it will intervene further to stabilize the currency amid growing market volatility. Analysts note that global pressures and capital flow fluctuations are driving the current depreciation. Speaking on the rupee’s…
News
RBI Holds Repo Rate at 5.5%, Cuts Inflation Forecast to 2.6%
Mumbai, October 1: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.5% on Wednesday, citing easing inflation and resilient growth momentum. The decision comes at the conclusion of its three-day meeting, chaired by Governor Sanjay Malhotra. Repo Rate Held Steady, Neutral Stance…
News
RBI Rule: Why Signing Back of Cheque Can Be Risky
Most Indians still prefer using cheques for transactions, but few understand the rules governing them. A small mistake, like signing on the wrong side, could put your money at risk. According to the Reserve Bank of India (RBI), unnecessary signatures on the back of cheques can lead to fraud or…
News
India’s Services Sector Growth Hits 15-Year High in August
India’s services sector recorded its fastest expansion in 15 years during August, as robust demand fueled a surge in new business orders, according to the HSBC India Services Purchasing Managers’ Index (PMI) compiled by S&P Global. The index rose to 62.9 from July’s 60.5, underscoring strong momentum in the economy’s…