The Reserve Bank of India (RBI) on Monday released a fresh set of draft regulations aimed at updating the rules for Rupee Interest Rate Derivatives (IRD), in a move designed to bring the regulatory framework in line with evolving market practices and increased participation from non-resident entities.The current framework, last revised in June 2019, is…
India on Saturday welcomed the improvement in the Maldives’ foreign exchange (FX) reserves, noting with satisfaction that the $400 million currency swap between the Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) played a significant role in easing the island nation’s external liquidity pressures.The Indian High Commission in Male said it “noted…
India’s automobile sector has welcomed the Reserve Bank of India’s latest rate-cut move, calling it a timely intervention that could improve financing access, strengthen consumer sentiment, and support overall retail growth.On Friday, the RBI reduced the repo rate by 50 basis points to 5.5% and cut the Cash Reserve Ratio (CRR) by 100 basis points…
India has the seventh largest gold reserves internationally. (AI image) The Reserve Bank’s gold assets value (including gold deposits) saw a substantial rise of 57.12 per cent, reaching Rs 4,31,624.8 crore as of March 31, 2025. This increase was primarily attributed to the addition of 54.13 metric tonnes of gold and the yellow metal’s price…
MUMBAI: The RBI has proposed changes to its master direction on ‘know your customer’ norms-rules aimed at preventing money laundering-that will ease compliance for millions of bank customers, particularly low-risk individuals and beneficiaries of govt schemes. The draft circular outlines relaxed procedures for periodic KYC updates, responding to concerns over delays and customer complaints.The proposed…
The RBI’s gold acquisitions align with the worldwide trend of central banks actively purchasing gold. (AI image) The Reserve Bank of India (RBI) acquired 57.5 tonnes of gold during FY25, expanding its holdings of safe haven assets whilst gold prices increased by over one-third during a period of instability in global financial markets. The RBI’s…
Representative image (Picture credit: ANI) India’s central bank saw a sharp jump in the value of its gold reserves during the week ending April 11, driven by a global rally in gold prices amid heightened geopolitical and economic uncertainty.According to data released by the Reserve Bank of India (RBI) on Friday, the value of its…
AI generated image means for representation purpose only Analysts anticipate a volatile week ahead for stock markets as investors closely monitor the impact of US tariffs, US inflation data, and the Reserve Bank of India‘s (RBI) upcoming interest rate decision. The uncertainty surrounding global trade and inflation, sparked by the US tariff impositions, continues to…
NEW DELHI: FM Nirmala Sitharaman on Monday clarified in the Lok Sabha that India’s rising gold reserves, including those held by RBI, is not intended to replace any international currency.She responded to Congress MP Manish Tiwari’s concerns about whether the global shift towards gold signalled a move away from the US dollar as a dominant…
The RBI announced a 0.25 percentage point repo rate reduction last week, the first such decrease in five years. (AI image) Loan EMIs: After RBI MPC’s decision to cut repo rate, government officials are actively keeping an eye on banks and lenders to ensure rate reductions announced by the central bank are properly transmitted to…