The Indian rupee remained practically steady on Wednesday, owing to a possible intervention by the Reserve Bank of India (RBI), which helped the currency escape a record low, according to traders.

RBI intervention helps the Indian Rupee avoid record-low

The rupee remains flat against the dollar The Indian rupee traded nearly flat on Tuesday, with traders anticipating little movement as the Reserve Bank of India (RBI) continued to control large falls and reduce short-term volatility.

Indian Rupee holds steady amid RBI interventions

India's digital payment revolution is poised for a global expansion. The Reserve Bank of India has ambitious plans to extend the reach of the unified payments interface to 20 countries by the fiscal year 2029.

RBI plans global expansion of UPI to 20 countries by 2029

The Reserve Bank of India (RBI) has moved over 100 tonnes of gold from the UK to its domestic vaults. It marks the first time at least since early 1991 when the precious yellow metal at this scale has been added to the stock held locally, according to media report.

Why did RBI move 100 tonnes of gold from the UK to Indian Vaults?

India's central bank has imposed stringent restrictions on two Edelweiss Group companies, citing their involvement in "evergreening" distressed loans. The Reserve Bank of India (RBI) announced on Wednesday that it has barred Edelweiss Asset Reconstruction Co Ltd (EARCL) and non-bank firm ECL Finance (ECL) from acquiring financial assets or undertaking structured transactions.

RBI cracks down on Edelweiss Group companies for 'Evergreening' loans

India's central bank has taken action against the Edelweiss group. Two of their companies have been barred from acquiring financial assets or undertaking specific transactions. The reason for this lies in a practice known as "Evergreening." this involves issuing new loans to struggling borrowers so they can repay existing ones. Essentially, it masks the true extent of a company's bad debt.

RBI bars Edelweiss units from acquiring assets over ‘Evergreening’

The Reserve Bank of India is expected to make a historic move that could significantly impact the country's financial landscape. Economists predict that the RBI could pay a dividend of up to one trillion rupees or $12 billion, to the federal government.

RBI dividend to help Indian government meet deficit target

The Reserve Bank of India (RBI) declared in its monthly bulletin on Tuesday that India's aggregate demand momentum is improving, owing to a recovery in rural expenditure.

India's aggregate demand grows as rural spending rebounds: RBI

Shares of India's Paytm have emerged as one of the worst performers globally, ahead of earnings release likely to indicate growing losses for the troubled payments network.

Paytm's shares plummet amid mounting losses and regulatory hurdles

Watch top headlines of the hour: - RBI boosts surplus transfer - Ben Gvir slams Palestine recognition - Israel recalls Ireland, Norway envoys - Chad PM submits resignation - Sweden plans $7 billion aid for Ukraine

RBI boosts surplus transfer | Ben Gvir slams Palestine recognition

The Securities and Exchange Board of India (SEBI), India's market watchdog, has proposed that multiple agencies regulate cryptocurrency transactions, the clearest indication yet that some authorities in the country are willing to consider private virtual assets.

India's SEBI recommends multi-regulator approach for cryptocurrencies amid RBI opposition

India reported an inflation rate of 4.83 percent in April. That's close to the 4% medium term target set by the country's central bank. So, does this mean that the RBI can now look to cut interest rates? That's what this report decodes.

India | Is inflation under control for an interest rate cut?

Shares of public sector banks in India witnessed a sharp decline on Monday after the reserve bank of India proposed stricter norms for lending to infrastructure projects. The nifty PSU bank index plunged by around 3.2%, with individual stocks like Punjab national bank and Canara bank dropping over 4%.

India: RBI tightens infrastructure lending norms

The Reserve Bank of India (RBI) has lifted restrictions on two lending products offered by Bajaj Finance. This comes after a six-month ban imposed in November 2023 due to deficiencies in adhering to digital lending guidelines.

Bajaj stock set to rebound after RBI restriction relief

The Reserve Bank of India is likely to delay cutting interest rates, until the last three months of the year. High inflation and the US FED rate policy will determine the policy trajectory of India's Central Bank.

High inflation and the US FED rate to determine policy

The Reserve Bank of India (RBI) on Monday issued a directive for regulated entities to review their lending practices after instances of unfair practices were discovered during inspections.

Expert View | RBI's latest notification on fair lending practices: How it affects the customer 

India’s central bank on Monday (Apr 29) imposed a monetary penalty on five co-operative banks for multiple violations. The Reserve Bank of India (RBI) said all five banks were found in non-compliance of the directions issued by the National Bank for Agriculture and Rural Development (NABARD) on ‘Frauds - Guidelines for Classification, Reporting and Monitoring’.

India’s RBI punishes five co-operative banks for rule violations, imposes fine

The Reserve Bank of India (RBI) ordered Kotak Mahindra Bank to stop onboarding new customers through its online and mobile banking channels and from issuing fresh credit cards as well.

RBI bars Kotak Mahindra Bank from issuing credit cards; Bank's share price falls more than 11%

The currency market in India is bracing for a tectonic shift. In a bid to arrest the volatility in the Indian rupee, the Reserve Bank of India announced curbs on currency derivatives trading. But what exactly is currency derivatives and how will this rule impact traders?

India's currency derivatives market: How India's new rule will shape FX markets

New rule to impact 80% of volumes in currency derivatives market

The Monetary Policy Committee (MPC), led by RBI governor Shaktikanta Das, maintained the benchmark repo rate at 6.5 per cent as anticipated. This was the first RBI MPC meeting of the new fiscal year, and experts and economists predicted that the RBI would maintain the current repo rate, given the uncertainty surrounding the global economy and the fact that the US Federal Reserve has not yet begun its cycle of rate cuts.

RBI Monetary Policy: Repo rate kept on hold at 6.5pc

India's Central Bank -- the Reserve Bank of India -- is likely to keep the interest rates on hold until July. The reasons? Strong economic growth and moderating inflation.

RBI widely expected to keep rates unchanged on Friday

The Reserve Bank of India is taking steps to tackle illegal lending apps in the country by setting up a digital India trust agency. Watch in for more details!

RBI to form 'Digital India Trust Agency' to vet digital loan apps

Reserve Bank of India - the nation's central bank - has turned 90. At an event to mark the anniversary, Prime Minister Narendra Modi said the Reserve Bank of India has a key role to play in prioritising the country's economic growth and making sure that the rupee is made more accessible and acceptable globally.

PM Modi urges that RBI prioritize growth & globalize the rupee

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