Rupee opens flat at 90.37 against US dollar amid likely support from RBI
The domestic currency opened at 90.3700 against the US dollar, as compared to 90.3775 against the greenback at previous close
An emotional townhall, tag-along option and more: Finer details of the Avendus - Mizuho deal
Alongside KKR’s stake sale, the private equity firm has also made an offer to acquire the shares held by Ranu Vora, one of Avendus’ co-founders.
Banking system liquidity turns deficit nearly after two months despite RBI’s support
According to the RBI’s data, banking system liquidity stood at Rs 60,787.81 crore deficit as on December 17. This marks a deficit after October 28, 2025, when the deficit stood at Rs 8,083.79 crore.
Why RBI’s forward market intervention matters more than spot?
The central bank increased its short dollar forward positions by $6 billion in September, marking the first rise in six months. This marks an important move by the central bank when the Indian rupee has been depreciating sharply and support was needed without reducing the forex reserves. Usually, forward position by the RBI helps the currency to cool off a bit.
Another day another low, rupee opens at 91.08 against the dollar
The rupee has slipped 5.97% this year, making it the worst performing currency in Asia followed by the Indonesian rupiah, down 3.53%, and the Philippine peso, which has declined 1.37%
Chart of the Day | India’s credit comeback story, with a caveat
Retail credit demand has revived, but early warning signals suggest lenders should celebrate cautiously
HSBC sees CAD easing sharply in Q4, but full-year pressures to persist
The near-term improvement follows a sharp correction in India’s merchandise trade deficit in November, which narrowed to $24.5 billion from a record $42 billion in October.
Rupee to stay around 91-92/USD till FY26-end, RBI to intervene to curb sharp swings, says Axis Bank’s Neelkanth Mishra
Currency markets have no natural anchor like equity markets do. So, movements can overshoot in the short term. However, once volatility becomes excessive, the RBI will step in, Mishra said.
Rupee closes at historic low of 91.03 against US dollar
The spillover of the currency depreciation was also seen on the equity markets, which ended lower for the second consecutive day on December 16.
RBI receives 2X bids at USD/INR buy-sell swap auction; accepts $5.07 bn
The near leg or spot leg is on December 18, 2025, and the far leg is on December 18, 2028.
MUFG likely to infuse $3.5-4 billion for 20% stake in Shriram Finance; board meet likely this week
The proposed transaction will not trigger an open offer, as the stake acquisition will be entirely through a primary issuance of shares.
Moneycontrol Pro Panorama | Banking on the customer
In Moneycontrol's Pro Panorama December 16 edition: Right to Disconnect misses core issues, traders face evolving challenges and opportunities in 2026, quick commerce boosts online FMCG market share steadily, digital banking growth sees rising customer complaints, and more
Rupee extends slide, hits new record low of 91.05 against US dollar
On December 15, the currency slipped to fresh record low of 90.7850, extending its year-to-date decline to about 6 percent
HDFC Bank gets RBI nod to acquire up to 9.5% stake in IndusInd Bank
The Reserve Bank of India has mandated that HDFC Bank acquire a major shareholding within one year of the approval on December 15, failing which it will be cancelled.
Chart of the Day: Along with digital banking, complaints have also risen
The rise of digital banking has also seen increased customer dissatisfaction, show RBI ombudsman scheme data
Deutsche Bank’s India retail sale faces valuation hurdles due to wealth biz run down
The sale process may involve divestment of items on its core balance sheet. RBL Bank likely to join the bid process
We will wait a few months to answer when we will list SBI YONO: Chairman CS Setty
Setty says the bank plans to deploy 10,000 floor managers, up from the current 3,500, to assist customers with digital migration at branches
While insurance ombudsman amendments sharpen jurisdiction, questions linger on capacity
Insurers and intermediaries are likely in discussions with IRDAI on issues such as staffing, infrastructure expansion, and disposal timelines under the proposed changes
DBS enhancing products for affluent segment, investing in tech and people: DBS India CEO Rajat Verma
Confident of doubling the wealth assets in the coming years, Verma shares insight into his plans for wealth business and more in an exclusive interview with Moneycontrol
Banking Central | 2025: The year that wasn’t for Indian banking
The year 2025 was to be the year of fireworks for Indian banking but it is winding up on a staid note with several unresolved issues carried into the new year
Axis to hire 50 private bankers to target wealth boom in India
The firm is expanding its team of bankers across locations to cater to the growing needs of high-net-worth individual and ultra-high net-worth individual clients
Why RBI is right to shut the Stablecoin door
T. Rabi Sankar’s blunt rejection of stablecoins is not ideological rigidity. It is a reminder that money, unlike technology, cannot survive on belief alone
SBI to launch upgraded YONO 2.0 app, aims to double users to 20 crore in two years: Chairman CS Setty
SBI news: CS Setty said YONO 2.0 is a major technology upgrade that will offer a significantly improved customer experience while serving as a strong digital backbone for the country’s largest lender
SBI lowers home loan rates, trims interest on select FDs from December 15
SBI latest news: The bank has also announced a sharper cut in its External Benchmark Linked Rate (EBLR), which applies to most floating-rate retail loans such as home loans.
RBI’s reserves print: India adds $1.03 billion in a week, gold pops to nearly $107 billion
For the week ended December 5, foreign currency assets, a major component of the reserves, decreased by $151 million to $556.88 billion, the data released showed.
