The widespre ad misconception that the Reserve Bank of India’s (RBI) “intervention” (selling dollars), in India’s inter-bank “foreign exchange” (forex) market, by itself, depletes India’s dollar reserves, needs to be cleared.
India’s current account surplus moderated to $7.1 billion, or 0.7 per cent of GDP, in the fourth quarter (January-March) of financial year 2025-26, compared with $13.7 billion in the same period a year ago, according to the Reserve Bank of India’s latest Balance of Payments data.
The RBI maintained the status quo on interest rates and signalled confidence in India's ability to navigate global volatility despite geopolitical and market uncertainties.
Economists and market participants are closely tracking RBI's latest projections on inflation, growth and crude oil prices as the central bank unveils its policy verdict.
The Reserve Bank of India (RBI) issued an official statement here on Wednesday stating that reports appearing in a section of the media claiming it sold a portion of its physical gold reserves recently to stabilise the Indian rupee are “not correct”.
Amid the falling Indian Rupee, the Reserve Bank of India (RBI) came into play with all the available options to stabilise the falling currency against the US Dollar.
Despite dominating transaction volumes, UPI contributed only 9.5% of the total transaction value, highlighting its role in facilitating low-value retail payments across the country.
Reserve Bank of India (RBI) Governor Sanjay Malhotra has said that India may need to increase retail fuel prices if the conflict in West Asia continues for a prolonged period.
India's retail inflation for April is recorded at 3.48% on an year on year basis while the food inflation, based on Consumer Food Price Index, in April, 2026 is at 4.20%, as per the government data.
Indian banks are well-prepared to adopt the Reserve Bank of India’s (RBI) new Expected Credit Loss (ECL) provisioning framework, backed by strong capital buffers and improved asset quality, to a report by CareEdge Ratings.
