Tag: RBI

Business

Indian rupee hits record low, RBI steps in to avert fall past 92 per dollar

the financial - 31 January, 2026

Expectations of the rupee depreciating further are also compounding the strain on India's interest rate swaps market The Indian rupee hit a record low against...

Economy

Indian rupee slips to record low against UAE dirham, but RBI likely curbs losses

the financial - 18 December, 2025

Foreign investors have pulled out nearly $18 billion from Indian stocks so far this year, making India one of the worst-hit markets in terms...

Banking

IndusInd Bank: RBI stepped in after lender delayed provisioning by a year, says report

the financial - 12 March, 2025

The stock crashed over 27 percent on March 11 after the bank said it found some discrepancies in its forex derivative portfolio, which could...

Banking

RBI lifts digital banking restrictions on Kotak Mahindra Bank

the financial - 13 February, 2025

The Reserve Bank of India (RBI) has removed business restrictions imposed on Kotak Mahindra Bank Ltd. (KMB) following satisfactory compliance with regulatory requirements. The bank can now resume issuing credit...

Banking

UPI’s share in India’s digital payments surged to 83%: RBI reports

the financial - 29 January, 2025

The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 per cent in 2019 to an impressive 83...

Banking

RBI takes cautious approach to currency volatility

the financial - 15 January, 2025

While the RBI will intervene as needed to manage fluctuations in the rupee, it will not aggressively defend specific exchange rates India's central bank will...

Economy

Indian central bank urges lenders to settle UAE trade in local currencies

the financial - 20 August, 2024

The Reserve Bank of India (RBI) is actively encouraging local banks to facilitate trade settlements between the UAE and India using either the dirham...

Business