4 hours ago

The Reserve Bank of India has allowed banks to access its dollar-rupee swap facility more than once a week for large transactions involving Foreign Currency Non-Resident (Bank) deposits, according to currency traders. The change comes shortly before the special deposit scheme closes at the end of August and as banks prepare for potentially higher dollar inflows. The scheme has attracted more than USD 65 billion so far. The RBI’s move is intended to help banks manage surplus dollar liquidity and reduce pressure on overnight and forward currency markets as they handle the inflows.Read more

27 Aug 2026

India’s economy has remained resilient despite continuing global challenges, supported by strong domestic demand and sustained activity across manufacturing and services, according to the latest Reserve Bank of India bulletin. The bulletin said the recovery in the southwest monsoon during July helped kharif sowing move closer to normal levels, reducing some risks to the agriculture sector. At the same time, the global outlook remains affected by geopolitical tensions in West Asia and new US tariffs. Financial conditions also remained supportive, with strong credit growth, comfortable liquidity and renewed foreign capital inflows.Read more

24 Aug 2026

The Central Board of Directors of the Reserve Bank of India (RBI) reviewed the current economic situation and the challenges facing the global and domestic economies at its latest meeting in Chennai. The discussion covered risks to the economic outlook along with the central bank’s operational areas. The Board also reviewed the functioning of its various committees and the RBI Ombudsman Scheme. The meeting was chaired by RBI Governor Sanjay Malhotra and attended by the central bank’s Deputy Governors and other directors. The review comes as policymakers continue to assess changing economic conditions and financial sector developments.Read more

23 Aug 2026

Local currencies are expected to play a larger role in cross-border trade and payments as countries look to reduce transaction costs, currency mismatches and settlement-related challenges, RBI Deputy Governor Rohit Jain said. He highlighted the growth in India's foreign exchange reserves and domestic forex market turnover while outlining the factors that could shape the market over the next decade. Jain also stressed the need for wider technology adoption, greater participation by public sector banks and stronger safeguards against unauthorised online forex platforms. He said transparency, efficient settlement and customer protection would remain important as the market expands.Read more

21 Aug 2026

Finance Minister Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal are in Singapore for discussions aimed at strengthening India's economic partnership with the Southeast Asian financial hub. Goyal is leading a 70-member Indian business delegation seeking investment, trade and technology partnerships, while Sitharaman is heading the ministerial delegation for the fourth India-Singapore Ministerial Roundtable (ISMR). The talks will cover manufacturing, connectivity, digitalisation, healthcare, skills and sustainability. Bilateral trade reached USD 36.1 billion in 2025-26, while Singapore remained India's largest source of foreign direct investment during the year.Read more

19 Aug 2026

President Droupadi Murmu said India’s economy continues to remain resilient despite global warfare and instability, with growth projected to be more than twice the global average. In her address to the nation on the eve of Independence Day, she highlighted the role of self-reliance, digital infrastructure, renewable energy and physical connectivity in strengthening the country’s economic base. She also pointed to India’s progress on Sustainable Development Goals and the rapid expansion of highways, waterways, railways and airways. According to her, these developments are creating business opportunities, supporting employment and improving investor confidence.Read more

18 Aug 2026

Gujarat Chief Minister Bhupendra Patel has asked banks to improve the speed and reach of credit delivery, particularly for MSMEs, women entrepreneurs, rural artisans, small farmers and other beneficiaries at the last mile. Chairing the 190th meeting of the State Level Bankers’ Committee in Gandhinagar, Patel said the banking sector would have an important role as India works towards becoming the world’s third-largest economy. He also asked banks to use technology to process government-backed loan applications faster and expand financial support to groups covered under Gujarat’s new Industrial Policy 2026.Read more

15 Aug 2026

India’s economic and corporate calendar on Thursday is set to include the release of merchandise trade deficit data along with a large number of quarterly earnings announcements and shareholder meetings. The merchandise trade deficit is expected to remain around USD 30.20 billion, compared with USD 30.43 billion previously. Among the companies scheduled to report their first-quarter FY27 results are Aditya Birla Real Estate, Brigade Enterprises, JSW Cement, Sammaan Capital, Max Healthcare and Welspun Living. Several companies, including Brigade Enterprises and Godrej Industries, are also holding annual shareholder meetings.Read more

14 Aug 2026

The Ministry of Housing and Urban Affairs (MoHUA) utilised 99.78 per cent of its revised budget allocation during 2025-26, spending INR 57,075.19 crore against the revised estimate of INR 57,203.78 crore. The ministry’s scheme-wise expenditure was INR 52,978.83 crore against an allocation of INR 53,096.53 crore. Metro projects recorded full utilisation, while PMAY-Urban and PMAY-Urban 2.0, AMRUT, Swachh Bharat Mission-Urban and PM-eBus Sewa also recorded high utilisation. However, no expenditure was incurred under the Scheme for Industrial Housing, National Urban Digital Mission and Urban Challenge Fund, prompting concerns from a parliamentary panel.Read more

14 Aug 2026

Finance Minister Nirmala Sitharaman said multilateral development banks have an important role in reducing investment risks, improving project bankability and building investor confidence to attract private capital across BRICS economies. Speaking at a seminar on the New Development Bank’s role in private capital mobilisation, she said development finance should increasingly be based on partnerships between governments, multilateral institutions and the private sector. She highlighted India’s sustained public infrastructure investment and measures such as Viability Gap Funding, the Hybrid Annuity Model, InvITs, the National Infrastructure Pipeline and PM Gati Shakti to support greater private participation.Read more