Central Bank
Appears in 10 stories
Raised repo rate to 5.5%
India's central bank raised its benchmark lending rate for the first time in more than three years. The 25 basis point hike brings the repo rate to 5.5%.
Updated Yesterday
Completed its ₹1 lakh crore net OMO bond sale on September 28; FX swaps drained ~$18.5 billion; market expects further absorption
By September 28, the Reserve Bank of India had sold the full ₹1 lakh crore in government bonds it announced on September 11 — its biggest annual net bond sale in more than a decade. Combined with dollar-rupee swaps, the sales cut the banking system's surplus cash from a record ₹11.16 lakh crore to ₹4.92 lakh crore by September 21.
Updated 2 days ago
Intervening in foreign-exchange markets to support the rupee
India's foreign-exchange reserves fell $18.34 billion to $747.56 billion in the week ended September 25, the largest weekly drop on record. The Reserve Bank of India sold dollars and ran sell-buy swaps to keep the rupee from sliding further.
Monetary policy committee meets October 5-7; rate decision pending
India's Nifty 50 closed at 22,422 on October 1, its weakest finish since late March, after a global bond rout sent the 10-year US Treasury yield to its highest level since 2002. The drop extends the index's losing streak to eight straight weeks, the longest run in 25 years.
Updated 6 days ago
Issued the 2026 frameworks on bulk deposits, stressed assets, and exports
Indian exporters, banks, and millions of customers woke up October 1 to a new financial regulatory regime. The Reserve Bank of India and the finance ministry brought into force a batch of rules covering bulk-deposit pricing, stressed-asset accounting, export proceeds, and digital bank records.
Provides wholesale CBDC (e₹) and Unified Market Interface
Three Indian companies raised ₹1,025 crore in corporate bonds that exist as digital tokens on a shared ledger, with the cash leg settled instantly in the Reserve Bank of India's digital rupee. India is the first country to issue bonds natively on a distributed ledger while keeping formal ownership records with its statutory depositories.
Updated Sep 11
Removed concentration limits for General Route gilts on June 5, 2026
Foreign investors that hold only Indian government bonds no longer have to tell regulators which investor groups stand behind them. The Securities and Exchange Board of India (SEBI) dropped that disclosure on September 7, 2026, and applied it to every gilts-only foreign portfolio investor.
Updated Sep 7
MPC unanimously holds repo rate at 5.25% on February 6, 2026, after 125 bps cuts in 2025
India surpassed Japan in mid-2025 to become the world's fourth-largest economy. On February 1, 2026, Finance Minister Nirmala Sitharaman presented Union Budget 2026 (India's first major tax code rewrite since 1961), with ₹12.2 lakh crore for capital expenditure and ₹20,000 crore for carbon capture technologies.
Updated May 23
Regulatory gatekeeper for ownership and control changes in NBFCs
MUFG just agreed to wire roughly $4.4 billion into Shriram Finance for a 20% stake—one of those deals that looks like 'just capital' until you read the fine print. The fine print is the story: board representation, minority-protection rights, and a separate $200 million non-compete/non-solicit payment tied to the promoter structure.
Updated May 15
MPC holds repo at 5.25% Feb 6, 2026; easing cycle paused; focus shifts to liquidity via OMOs amid bond yield pressures and currency volatility
In 2025, under Governor Sanjay Malhotra, the RBI cut its repo rate by a cumulative 125 basis points—from 6.50% in February to 5.25% on December 5. It was the sharpest easing since 2019. The cuts came with $16 billion in liquidity injections via bond purchases and a dollar-rupee swap, which Malhotra called a rare Goldilocks period of sub-target inflation and strong growth.
Updated May 9
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