India’s foreign exchange reserves (forex) recorded a massive drop, according to official data released by the Reserve Bank of India. They fell by USD 9.32 billion to USD 688.871 billion in the week ended August 1, it added. In the latest monetary policy meeting, RBI Governor Sanjay Malhotra said that the foreign exchange reserves are…
The Securities and Exchange Board of India (SEBI) has directed the disgorgement of Rs 949.43 crore in 76 investment-related fraud cases between April 2020 and March 2025, according to information shared in Parliament on Tuesday. Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha that the highest disgorgement occurred in FY 2021-22 at…
The Reserve Bank of India (RBI) will soon issue a clarification on which small banks can become universal banks. It may soon issue the guidelines on what will be the requirements related to listing, time limit, and universal bank license. RBI wants that after getting clarity, Small Finance Banks should not take much time to…
The much-awaited Reserve Bank of India’s Monetary Policy Committee (MPC) meeting from August 4-6 comes at a time when the global economy is facing fresh challenges amid US tariffs — with India set to face 25 per cent tariffs from August 7. According to economists, the Central Bank has reasons to consider another rate cut…
The Indian rupee strengthened marginally to 87.53 a dollar Friday on likely intervention from the Reserve Bank of India (RBI), capping off a rough and tumultuous week punctuated with unexpectedly punitive tariffs on US-bound shipments from the country. Traders said sustained portfolio outflows and a significantly higher baseline tariff than anticipated earlier led to substantial…
The Reserve Bank of India (RBI) is likely to review the liquidity management framework in the next few days; sources familiar with the development told Zee Business. The central bank is preparing to change the methods of liquidity absorption and injection. It also plans to make main operations more flexible and market-friendly, the sources said….