Reserve Bank of India

India’s boldest currency move in years brings brief rupee relief

RBI flexibility falls as FX reserves drop in March to defend the rupee following the Iran conflict

India’s US$710 billion of foreign exchange reserves, strong growth, and sound macroeconomic fundamentals give the country strength.

India’s economy strong enough to face external shocks, RBI says

The capacity and resilience of the Indian economy to absorb external shocks have strengthened over time

The Reserve Bank of India has been selling US dollars largely via short-dated contracts, typically maturing within weeks to a month.

India’s central bank ramps up key tool to defend falling rupee

The build-up comes as emerging markets face renewed pressure from a resurgent US dollar

Smoke rises following an explosion, amid the US-Israeli conflict with Iran, in Tehran on Mar 7.

Iran conflict forces central banks into sharp policy rethink

IMF urges policymakers to ‘think of the unthinkable’

The RBI’s heavy intervention comes against the backdrop of India’s foreign-exchange reserves which, at over US$723 billion, are among the largest in the world.

India’s central bank deploys US$12 billion to defend rupee as Iran war jolts markets

The scale of the intervention underscores the challenge it faces in containing volatility triggered by the conflict

The Reserve Bank of India is intervening in small amounts to support the Indian rupee, traders in Mumbai have said.

Indonesia, India intervene to support currencies amid Iran war

The war is sparking a rally in oil prices, which will increase import costs and inflationary pressures for most Asian economies

Reserve Bank of India governor Sanjay Malhotra says India's macroeconomic fundamentals are strong and he expects an increase in foreign direct investment.

India’s policy rate to stay steady, may trend lower

Its trajectory will depend on the growth and inflation trends in the coming months

The RBI is likely to absorb part of the surplus through variable rate reverse repos after March, a tool that has not been used since early December.

India central bank’s additional liquidity support to wind down after March, bankers say

The banking system’s liquidity surplus averages around 1.1% of deposits in February, inching past the 1% threshold

Under the current rules, trading firms use bank financing to ramp up leverage and reap big profits, outmanoeuvring retail investors with their much higher level of sophistication.

India’s new lending curbs seen squeezing trading firms

The Reserve Bank of India’s initiative due to take effect from Apr 1

Beyond bank financing, the RBI says an acquirer must put up the balance amount on its own through fresh equity or internal accruals.

India central bank allows lenders to fund up to 75% in M&A deals

Financing can only take place when a firm ‘already holds control’ over the target company, says RBA