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Summary India's central bank is scrutinizing corporate treasury positions amid rupee pressure from capital outflows and rising crude prices. The Reserve Bank of India aims to assess arbitrage exposure rather than immediate regulation, following new rules on banks' open positions in the forex market. With the rupee under pressure from capital outflows and higher crude prices, India's central bank is expanding its scrutiny beyond banks to corporate treasury positions in the foreign exchange mark ...Read More >
Will the RBI hike rate as crude crosses $100 and the rupee weakens -- or hold steady to protect growth? The Reserve Bank of India will hold its first monetary policy meeting of FY27 from April 6 to April 8. The meeting comes at a time when India is grappling with global uncertainties, including escalation in tension in the Middle East, crude prices surging and the rupee at all-time low. Crude prices above $100 per barrel have led to a sharp spike in LPG prices. Supply disruptions in the Strait ...Read More >
New Delhi, April 2 (SocialNews.XYZ) The Indian rupee posted its biggest single-day gain in more than 12 years on Thursday as authorities intensified their crackdown on currency speculation by extending curbs to offshore derivatives markets, days after tightening limits on banks' local positions. The currency strengthened as much as 1.7 per cent to 93.25 against the dollar -- its sharpest rise since September 2013 -- as trading resumed after a three-day holiday break. The rally came despite bro ...Read More >
Mumbai, Apr 2 (PTI) The rupee recovered 151 paise from its record low level to trade at 93.19 against the US dollar in early deals on Thursday, backed by the Reserve Bank's move to restrict banks' net open position in the onshore forward delivery market. The domestic unit, however, faced pressure due to unabated withdrawal of foreign capital, strengthening dollar and rising crude oil prices amid volatile geopolitical situation, forex analysts said. At the interbank foreign exchange, the rupee ...Read More >
MUMBAI, April 2 (Reuters) - Indian banks are set to face heightened uncertainty on Thursday after the central bank's curbs on corporate activity made it costlier for lenders to cut arbitrage positions, potentially saddling them with larger losses. Late on Wednesday, the Reserve Bank of India barred banks from offering rupee non-deliverable forwards to resident and non-resident clients. The move was aimed primarily at halting a surge in corporate-driven arbitrage activity seen on Monday, four b ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee rose sharply in early trading on Thursday as the Reserve Bank of India's latest measures to curb rupee speculation left traders anticipating a glut of onshore dollar sales spurred by the unwinding of positions. The rupee rose to 93.53 against the U.S. dollar in early trades, up 1.4% from its closing level on Monday. The central bank has stepped up measures to curb arbitrage flows and speculative bets that have been pressuring the currency, while i ...Read More >
NEW DELHI: As a one-time relief for SEZ (Special Economic Zone) units, govt has allowed them to sell up to 30% of their turnover in the domestic tariff area, or the Indian market, by paying concessional duty.A minimum 20% value addition within the SEZ has been prescribed for units to get the concession that is available during the current financial year. A list of sectors has also been notified, covering major sectors and keeping sensitive sectors out."The measure is expected to benefit around 1 ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee is poised to open sharply higher on Thursday after the Reserve Bank of India rolled out a fresh set of measures to clamp down on speculative activity, with traders expecting chunky dollar sales as positions are unwound. The 1-month non-deliverable forward indicated the rupee will open in the 92.65-92.70 range versus the U.S. dollar, having settled at 94.83 on Monday. India's financial markets were shut on Tuesday and Wednesday for local holidays. O ...Read More >
Mumbai: The Reserve Bank of India (RBI) late Wednesday tightened its foreign exchange regulations prohibiting banks from offering non-deliverable forward (NDF) contracts to clients, reinforcing measures taken late last week to support the rupee that last fiscal lost the most in 14 years against the US dollar. The new rules could dent banks and large corporate treasuries, experts said. The regulator said banks cannot offer NDF contracts involving the rupee, which lost nearly 10% in FY26, to resi ...Read More >
Mumbai: Bank economists have told the Reserve Bank of India (RBI) at a pre-policy meeting that there is no immediate need to either raise the repo rate or change the stance, provided inflation remains within the central bank's tolerance band, multiple participants in the discussions told ET. They also added that RBI has alternative tools to manage currency pressures and is unlikely to resort to a rate hike, unless the impact becomes visible in inflation, one economist said. Discussions at the ...Read More >
Mumbai: Shares of capital market companies soared Wednesday after the banking regulator deferred by a quarter the implementation of new lender exposure norms that would have raised capital costs for brokers and reduced leverage for proprietary traders. "The Reserve Bank of India has since received representations from banks, capital market intermediaries, and various industry associations seeking an extension of the effective date, and also flagging certain operational and interpretational issu ...Read More >
Mumbai, April 1: Amid sharp depreciation in the rupee, the Reserve Bank on Wednesday announced more actions focused on authorised dealers (ADs). The moves follow a "review of evolving market conditions" and are applicable immediately. Authorised dealers (ADs) -- banks authorised by RBI to deal in foreign exchange -- will not be able to offer non-deliverable derivative contracts involving the Indian rupee to resident or non-resident users, the central bank said in a late-evening notification. ...Read More >
The Reserve Bank of India (RBI) demonstrates its commitment to efficient service by processing 99.9% of Citizen's Charter applications within the stipulated timeline, ensuring timely resolution for citizens. Key PointsRBI processed 99.9% of Citizen's Charter applications within the prescribed timeline in March 2026, showcasing efficient service.The central bank handled nearly 25,000 applications, including pending and new submissions, demonstrating a high volume of activity.Most pending applica ...Read More >
New Delhi: Domestic passenger vehicle sales rose by 16% in March, elevating annual volumes to a record 4.7 million vehicles in the just-ended fiscal year, largely fuelled by enhanced affordability after tax cuts last September and introduction of several new models. Sales of cars, sedans, and utility vehicles rose 8.3% to 4.7 million units in FY26, from 4.34 million units the year before. The Centre cut the goods and services tax (GST) on passenger vehicles with effect from September 22. Compan ...Read More >
Pune: Car sales in India, the world's third largest automobile market, clocked its highest-ever annual domestic wholesales in FY26, driven by Goods and Services Tax (GST) 2.0 and a strong festive season, with Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles and Toyota Kirloskar Motor clocking record volumes, while Hyundai Motor reported a decline. Domestic car volumes rose around 8 per cent year-on-year (y-o-y) to nearly 47,00,000 units in FY26, the highest-ever annual sales, ...Read More >
NEW DELHI: Spurred by GST 2.0 rate cuts in Sept last year and easier consumer bank lending rates, Indian car market shrugged off geopolitical tensions and concerns around US trade tariffs to close the year at a record 47 lakh units (4.7 million) in FY26, a 9% growth over the 43 lakh units (4.3 million) sold in the previous fiscal.The surge was led by SUVs, which grew their share in total industry sales from an estimated 54% in FY25 to 58% in 2025-26. SUVs have been the biggest focus for the car ...Read More >
Mumbai, Apr 1 (PTI) Amid sharp depreciation in the rupee, the Reserve Bank on Wednesday announced more actions focused on authorised dealers (ADs). The moves follow a "review of evolving market conditions" and are applicable immediately. Authorised dealers (ADs) -- banks authorised by RBI to deal in foreign exchange -- will not be able to offer non-deliverable derivative contracts involving the Indian rupee to resident or non-resident users, the central bank said in a late-evening notification ...Read More >
April 1 (Reuters) - The Reserve Bank of India on Wednesday barred authorized dealers from offering rupee non-deliverable forwards to resident and non-resident clients, further tightening foreign exchange rules as the South Asian currency faces persistent pressure. The central bank said that while lenders could offer deliverable foreign exchange derivative contracts to users to meet their hedging requirements, they need to ensure the clients have not taken an offsetting position in the non-deliv ...Read More >
MUMBAI: Starting this month, the Reserve Bank of India (RBI) has introduced stricter rules for digital payments like UPI, cards, mobile wallets to reduce fraud. Till now, you could complete a transaction using just one time password i.e OTP but now you will need an additional step like entering a PIN or password or using fingerprint or face scan. The new system will also use something called risk-based checks. This means not every transaction will be treated the same way. According to Shams Ta ...Read More >
New Delhi [India], April 1 (ANI): The Reserve Bank of India (RBI) is expected to keep the policy repo rate unchanged at 5.25 per cent in the upcoming Monetary Policy Committee (MPC) meeting and maintain its neutral stance, according to a report by Bank of Baroda. The report noted that global conditions have changed significantly since the RBI's last policy announcement in February 2026. Also Read | How To Download JEE Main 2026 Session 2 Admit Card. It highlighted that the outbreak of the Ira ...Read More >
New Delhi, Apr 1 (PTI) Fuelled by festivities and financial year closure, the transaction through the popular Unified Payments Interface (UPI) touched a record high of Rs 29.53 lakh crore and 22.64 billion in value and volume terms, respectively, in March, according to data released by the National Payments Corporation of India (NPCI). NPCI said the value of transactions was at Rs 29.53 lakh crore in March against Rs 24.77 lakh crore in the same month a year ago, registering a 19 per cent growt ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The Indian rupee may come under further pressure in the coming months if the ongoing West Asia crisis continues, with the Reserve Bank of India (RBI) likely needing to remain flexible in its approach, according to a report by Yes Bank. The report stated that the rupee could weaken to 97.00-97.50 against the US dollar in the first half of FY27. Also Read | Pune Weather Update: IMD Predicts Heatwaves and Above-Normal Rainfall. "RBI will have to be op ...Read More >
New Delhi, Apr 1 (PTI) Two-factor authentication for all digital transactions, including popular UPI platform, becomes effective from Wednesday in line with the RBI's direction as a measure to curb fraud. Transactions will only be processed if the user completes both verification steps, meaning even if someone sees your PIN, unauthorised payments will not be able to go through. According to the Reserve Bank of India (RBI), all digital payment transactions in India are required to meet the norm ...Read More >
New Delhi, Apr 1 (PTI) Passenger vehicle sales in India scaled a new high of 47 lakh units in 2025-26, riding on record performance by automakers such as Maruti Suzuki India, Tata Motors and Mahindra & Mahindra with GST 2.0 revving up sales in the second half of the fiscal. While the industry is looking forward to carrying forward the sales momentum in the new fiscal, it is closely monitoring the West Asia war to mitigate potential supply-side risks and the possibility of impact on demand due t ...Read More >
New Delhi, April 1: Digital payment services faced disruption across India on Wednesday, leaving many users unable to complete transactions through UPI platforms. According to outage tracking platform Downdetector, complaints surged sharply during the day -- indicating a widespread issue. The impact appeared significant on State Bank of India, which saw over 500 outage reports, while UCO Bank recorded around 40 complaints. Overall, UPI-related downtime reports also crossed 40, with numbers cont ...Read More >
Hyderabad (Telangana) [India], April 1 (ANI): Telangana Jagruthi Founder K. Kavitha on Thursday accused the Congress leadership of failing to deliver on pre-election promises of employment for the state's youth. Speaking to ANI, she said, "Rahul Gandhi, before the elections, came to Telangana and promised all the youth of Telangana that they would provide 2 lakh jobs every year. But today, their Congress government brings out different kinds of government orders. And whenever a new notification ...Read More >
Hyderabad (Telangana) [India], April 1 (ANI): Telangana Jagruthi Founder K. Kavitha on Thursday accused the Congress leadership of failing to deliver on pre-election promises of employment for the state's youth. Speaking to ANI, she said, "Rahul Gandhi, before the elections, came to Telangana and promised all the youth of Telangana that they would provide 2 lakh jobs every year. But today, their Congress government brings out different kinds of government orders. And whenever a new notification ...Read More >
New Delhi: VerSe Innovation has appointed P R Ramesh as an independent director on its board and named him chair of the audit committee, as the company looks to strengthen governance ahead of its next phase of growth. VerSe is the parent company of Dailyhunt, Josh, Magzter and NexVerse.ai. The company said Ramesh is a chartered accountant with more than 40 years of experience in financial oversight, corporate governance, regulatory advisory and board leadership. He is the former chairman of De ...Read More >
New Delhi: The government has extended fiscal benefits under the RoDTEP scheme for exporters by six months, until September 30, amid disruptions to global trade caused by the ongoing West Asia crisis. The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods, and not being reimbursed under any other mechanism at the Centre, st ...Read More >
Mumbai, Apr 1 (PTI) The rupee gained 15 paise to 94.70 against US dollar in early trade on Wednesday, tracking positive cues from domestic equity markets and retreating American currency overseas. The local currency, however, remained under pressure due to higher crude oil prices and sustained withdrawal of foreign funds even as banks moved to cut their net open position in the currency following the RBI mandate, forex traders said. Through its circular dated March 27, 2026, RBI capped the Net ...Read More >
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