Topic
reserve bank of india
Finance RBI Deputy Governor Rohit Jain Calls for Wider Bond Market Access to Meet India's 2047 Goals
RBI Deputy Governor Rohit Jain said bond markets need more depth, not just scale, so that a wider range of enterprises can access market-based finance. Speaking at the Financial Institutions Leadership Conference, he emphasised that India's goal to become a developed economy by 2047 requires financial markets to mobilise substantially more long-term capital and distribute risk efficiently.
Finance India's Currency Makeover: RBI Explores Polymer Banknotes for Rs 10 and Rs 20 Notes
India is moving toward polymer banknotes as the RBI's currency printing subsidiary, BRBNMPL, invites global bids for opacified polymer substrates. Initial denominations are likely Rs 10 and Rs 20, with polymer notes expected to be more durable and secure than current paper currency.
Business India’s Foreign Reserves Rise by $963 Million to Over $672 Billion, RBI Data Shows
India's foreign exchange reserves rose by $963 million to over $672 billion in the week ended June 19, driven by a $4.1 billion increase in gold reserves, according to Reserve Bank of India data. In contrast, foreign currency assets declined by $3.07 billion, while SDRs and IMF reserve positions also fell.
Business India's Transition from WPI to PPI: Strengthening Inflation Measurement for Better Policy Making
India is transitioning from the Wholesale Price Index (WPI) to a Producer Price Index (PPI), with the first release based on the 2022-23 base year. The PPI addresses WPI's shortcomings, including inclusion of indirect taxes and lack of service sector coverage, and will improve inflation measurement for policy making. Businesses using WPI for indexation and contracts have a five-year transition period to adjust.
Finance Humble Re 1 Coin Retains Coining Glory Despite Rise of Digital Payments, RBI Data Shows
Despite the rise of digital payments like UPI, the Re 1 coin remains the most widely circulated denomination in India, with nearly 5,499 crore coins in circulation as of March 2026, according to the RBI Annual Report 2025-26. The coin accounts for 38.4% of all coins by number, though its share by value has declined as higher-denomination coins like Rs 5 and Rs 10 gain ground. Experts attribute its persistence to small cash transactions in temples, rural markets, and informal services.
Finance India's Forex Reserves Rise to $672.59 Billion After Gold Holdings Jump
India's foreign exchange reserves increased to $672.59 billion, according to a report by the TOI Business Desk of The Times of India. The rise was attributed to a jump in gold holdings.
Finance Banks Borrow ₹16,800 Crore at RBI VRR Auction, Signaling Comfortable Liquidity Conditions in Banking System
Banks borrowed only ₹16,800 crore from the Reserve Bank of India at its four-day Variable Rate Repo (VRR) auction, against the notified amount of ₹50,000 crore, indicating comfortable liquidity conditions. The cut-off rate stood at 5.26%, marginally above the policy repo rate of 5.25%, according to News on AIR.
Finance RBI Keeps Rs 1 Lakh Crore NBFC Threshold, Tata Sons Remains in Upper Layer
The Reserve Bank of India has rejected industry calls to raise the asset threshold for upper-layer NBFCs from Rs 1 lakh crore to Rs 2.5 lakh crore, keeping Tata Sons within the regulatory bracket. The decision subjects the conglomerate's holding company to listing requirements, with its board divided on an IPO. The RBI also reduced the review cycle for the threshold from five to three years.
Business India inflation likely rose to 4% in May as food, fuel costs climb
A Reuters poll of 38 economists forecasts India's consumer price inflation rose to 4.0% in May, up from 3.48% in April, driven by rising vegetable prices and four fuel price hikes by state-owned retailers. The Reserve Bank of India kept rates unchanged last week, but raised its inflation forecast for the fiscal year to 5.1%. Economists warn that wholesale price inflation, which accelerated to a 3-1/2-year high of 8.3% in April, will feed through to consumer prices gradually.
Finance Government Extends Tenure of RBI Deputy Governor Swaminathan J for Two Years
The central government has reappointed Swaminathan Janakiraman as RBI Deputy Governor for two years from June 26, 2026. He was originally appointed in June 2023. The decision maintains the statutory composition of four deputy governors under the RBI Act, 1934.
Finance RBI Balance Sheet Expands Amid Investment Surge
The Reserve Bank of India's balance sheet expanded by 20.6% to 91.97 lakh crore rupees, driven by domestic and foreign investments. This growth impacts trade finance and international business costs.
Finance RBI's Income Surges 26% to ₹4.3 Lakh Crore on Dollar Gains
The Reserve Bank of India's income increased by 26% to ₹4.3 lakh crore in FY26, largely due to gains from dollar investments and forex market interventions. This growth reflects a strategic advantage in foreign currency operations and domestic bond income.