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    The Reserve Bank of India (RBI) was established on April 1 1935 and is the country’s central bank that is responsible for creating financial stability and regulating the country’s currency and credit systems. RBI was established under the Reserve Bank of India Act. It is responsible for regulating the Indian banking system and also managing the country’s main payment systems. Under a specialized division of the RBI- Bharatiya Reserve Bank Note Mudran- it also mints Indian banknotes and coins. Under the Foreign Exchange Management Act 1999, the RBI also manages all the foreign exchange. It facilitates external trade and payments to promote the development of the foreign exchange market in India. Until the Monetary Policy Committee was established in 2016, it also had full control over monetary policy in the country. A 23 member central board of directors are heading the RBI. This includes the governor, four deputy governors, two finance ministry representatives (usually the Economic Affairs Secretary and the Financial Services Secretary), ten government nominated directors and four directors who represent local boards of Mumbai, Kolkata, Chennai and Delhi. Each of these local boards consists of five members who represent regional interests and the interests of co-operative and indigenous banks. More

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    • Rupee Slide| Fall accelerates, took just 231 days to drop from 85 to 90 levels

      The weakness has intensified in recent sessions. On December 3, the rupee slipped past the 90 mark against the US dollar, driven by sustained equity outflows and lingering uncertainty over the proposed India-US trade pact.

    • RBI will find it challenging to trounce a steep bond yield curve

      The spread between the 10-year benchmark yield and the 30-year bond yield has remained wide this year

    • SGB premature redemption today: Investors strike gold, check details of Sovereign Gold Bond 2019-20 Series VII

      The bond, originally issued on December 10, 2019, can be exited early only on interest payment dates, as permitted under the Government of India’s 2019 notification on the SGB Scheme.

    • RBI grants approval to Fino Payments Bank for small finance bank transition

      Initially launched as a fintech firm, Fino transitioned to a payments bank in 2017, and has a customer base of 16 million as of September-end providing.

    • Insurance cut delivered, liquidity rush promised, and RBI ready to support further if needed

      RBI announcements this morning managed to deliver it all. There was a rate cut, there were liquidity infusions, and also a dovish tone for further support if needed.

    • RBI signals lower for longer era

      The RBI's MPC unanimously cut the repo rate by 25 bps while maintaining a neutral stance, decisively complementing the cut with Rs1.45 lakh crore in durable liquidity to ensure transmission and decouple domestic policy from external rupee volatility

    • Moneycontrol Pro Panorama | Liquid cheer for markets, a forecasting lesson for RBI

      In Moneycontrol's Pro Panorama December 5 edition: RBI's 25 bps rate cut impact on Indian economy, India's structural transformation boosts growth, Putin’s Delhi visit will strengthen bilateral ties, Nvidia's leadership raises concerns, and more

    • RBI to launch 2-month drive to clear complaint backlog as Ombudsman pendency rises

      The RBI will launch a special redressal drive from January 1 to address unresolved grievances under its ombudsman framework

    • A Dovish Turn Begins: RBI cuts rate, signals more easing as inflation path falls sharply

      The RBI's unanimous 25bps repo rate cut to 5.25% represents a calibrated normalization of the real policy rate, justified not by growth concerns but by a persistent downward shift in the inflation trajectory

    • OPINION | RBI may have announced the last rate cut in the current easing cycle

      Any further rate easing from current levels would only be likely if there is a material downward undershooting in growth outcomes. However, interventions on the liquidity front may well continue

    • Lower EMIs, higher buyer confidence, RBI's 25 bps cut to boost housing sentiment, says industry

      The RBI slashed the repo rate by 25-basis-points to 5.25% from 5.5% at its Monetary Policy Committee (MPC) on December 5. RBI has kept repo rate unchanged in last two MPC meetings since August 2025.

    • LIVE: RBI Governor Sanjay Malhotra Delivers Key Monetary Policy Statement | Interest Rates & Outlook

      Breaking financial update: Reserve Bank of India (RBI) Governor Sanjay Malhotra presented the latest Monetary Policy Statement, outlining the central bank’s stance on inflation, growth, liquidity, and interest rates. The policy announcement comes at a crucial time as markets closely watch RBI’s decisions on repo rates, banking liquidity, and inflation control.

    • RBI monetary policy on Friday; mixed expectations on rate cut, status quo

      The meeting is taking place against the backdrop of falling inflation, rising GDP growth, the rupee crossing 90 against the dollar and ongoing geopolitical tensions.

    • RBI to announce monetary policy amid expectations of 25-basis point reduction in repo rate

      The MPC started its three-day deliberation on the next set of bi-monthly monetary policy on Wednesday.

    • Fitch sees limited downside for rupee, expects rebound to 87 by 2026

      Ratings agency says currency remains undervalued; stronger growth and low inflation to support medium-term recovery

    • Rupee’s slump complicates RBI path to rate cut: Experts

      A majority of the 44 economists surveyed by Bloomberg expect the central bank to cut its benchmark repurchase rate by a quarter point to 5.25% on Friday given inflation is well below the 4% target

    • State-run lenders caution RBI that fixed deposit rates are impeding smooth policy transmission: Report

      When the benchmark falls, lending rates adjust immediately, while deposit rates-being fixed-change only for new or renewed deposits.

    • OPINION | RBI Policy: The case for a rate cut

      The MPC’s challenge will be to weigh strong real GDP growth prints against relatively weak nominal growth, alongside inflation running below the RBI’s lower bound of the 2–6% target range. A 25 basis points cut in the repo rate appears prudent

    • India's current account deficit moderates to $12.3 billion in September quarter

      The current account deficit stood at $12.3 billion, or 1.3% of GDP, in the second quarter of the fiscal year 2025-26, compared with an upwardly revised deficit of $20.8 billion, or 2.2% of GDP, in the same quarter a year ago.

    • Traders in India pin hopes on RBI bond purchases to drive gains

      The Reserve Bank of India may acquire about Rs 2 lakh crore ($22.4 billion) of bonds next quarter, according to Bandhan AMC Ltd

    • Paytm shifts offline merchant business to PPSL post-RBI’s payment aggregator license

      Paytm has around 1.4 crore offline merchants using its various payment subscription devices

    • ‘Everybody is waiting for RBI’: Piyush Goyal hints at room for rate cut as inflation hits series low

      The commerce minister also urges the industry to bank on self-reliance at a time when 'trade is being weaponised'

    • Corporates, banks raise over Rs 8,000 crore via corporate bonds in primary market

      Of the total fund raising, majority of the funds has been raised by IRFC worth Rs 2.981.65 crore and ICICI Bank worth Rs 3,945 crore.

    • December bank holiday alert: Banks to close on 19 days next month — check state-wise RBI list

      December is set to be a busy month for bank holidays, with branches scheduled to remain closed on up to 19 days across states.

    • Sovereign Gold Bond: This tranche matures today, investors set to earn over 300% return-- check details

      Sovereign Gold Bond (SGB) 2017-18 Series IX had an issue price of Rs 2,964 per gram

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