India’s central bank is seeking input from commercial lenders on how they can bring in larger and more stable deposits, as a shift in household savings into equities and other investment products threatens to snowball into a bigger problem for the country’s banks.
India’s central bank is seeking input from commercial lenders on how they can bring in larger and more stable deposits, as a shift in household savings into equities and other investment products threatens to snowball into a bigger problem for the country’s banks.
A country whose economy is growing faster than those of its peers would typically see its currency strengthen. India has been expanding more quickly than most other Asian economies, including manufacturing powerhouse China, yet the rupee has fallen in value every year since 2018.
A country whose economy is growing faster than those of its peers would typically see its currency strengthen. India has been expanding more quickly than most other Asian economies, including manufacturing powerhouse China, yet the rupee has fallen in value every year since 2018.
A customer counts 100 rupee banknotes after withdrawing them from an ATM in New Delhi, India, on Monday, Feb. 3, 2025. The Indian rupee is expected to weaken further against the dollar, after hitting a new low Monday, as traders bet on interest-rate cuts amid signs the central bank is loosening its grip on the currency under its new chief. Photographer: Prakash Singh/Bloomberg
Emerging-market stocks rallied Friday, recording their biggest weekly advance since the Covid era, as optimism grew that the fragile ceasefire in the Middle East will hold.
Emerging-market stocks rallied Friday, recording their biggest weekly advance since the Covid era, as optimism grew that the fragile ceasefire in the Middle East will hold.
The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and will not remain in place forever, Governor Sanjay Malhotra said.
The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and will not remain in place forever, Governor Sanjay Malhotra said.
The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and will not remain in place forever, Governor Sanjay Malhotra said.
The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and will not remain in place forever, Governor Sanjay Malhotra said.
India’s biggest bank had about $5 billion of bets against the rupee that were impacted by the regulator’s crackdown on potential speculators, according to people with knowledge of the matter, roughly 20% of the total exposure.
India’s biggest bank had about $5 billion of bets against the rupee that were impacted by the regulator’s crackdown on potential speculators, according to people with knowledge of the matter, roughly 20% of the total exposure.
India banned its banks from offering the most popular instrument for trading the rupee offshore, threatening to squeeze a $149 billion-a-day market in an extreme step to shore up its tumbling currency.
India banned its banks from offering the most popular instrument for trading the rupee offshore, threatening to squeeze a $149 billion-a-day market in an extreme step to shore up its tumbling currency.
500 rupee banknotes counted by a cash counting machine at a currency exchange in New Delhi, India, on Saturday, Aug. 30, 2025. The Indian rupee slumped to a record low versus the dollar on concern that 50% US tariffs will hurt the country’s economic growth and corporate earnings. Photographer: Prakash Singh/Bloomberg
The Indian rupee posted its biggest gain in more than 12 years after authorities intensified their crackdown on speculation against a weaker exchange rate, extending curbs to offshore derivatives just days after tightening limits on banks’ local positions.
The Indian rupee posted its biggest gain in more than 12 years after authorities intensified their crackdown on speculation against a weaker exchange rate, extending curbs to offshore derivatives just days after tightening limits on banks’ local positions.
The Reserve Bank of India (RBI) headquarters in Mumbai. Photographer: Dhiraj Singh/Bloomberg
The Reserve Bank of India jolted currency markets by barring banks from offering the most widely used offshore rupee trading instrument, sending the currency to its biggest gains since 2013.
The Reserve Bank of India jolted currency markets by barring banks from offering the most widely used offshore rupee trading instrument, sending the currency to its biggest gains since 2013.
The Reserve Bank of India (RBI) headquarters building in Mumbai. Photographer: Dhiraj Singh/Bloomberg
Indian bonds may be heading into a challenging stretch after the Reserve Bank of India’s dramatic move to cap onshore currency wagers raises the possibility of stronger measures — including possible interest rate hikes — to support the rupee.
Indian bonds may be heading into a challenging stretch after the Reserve Bank of India’s dramatic move to cap onshore currency wagers raises the possibility of stronger measures — including possible interest rate hikes — to support the rupee.
India’s most dramatic step in more than a decade to curb speculation in the foreign-exchange market delivered only fleeting gains, with the rupee’s initial jump reversing.
India’s most dramatic step in more than a decade to curb speculation in the foreign-exchange market delivered only fleeting gains, with the rupee’s initial jump reversing.
500 rupee banknotes counted by a cash counting machine at a currency exchange in New Delhi, India, on Saturday, Aug. 30, 2025. The Indian rupee slumped to a record low versus the dollar on concern that 50% US tariffs will hurt the country’s economic growth and corporate earnings. Photographer: Prakash Singh/Bloomberg
Lenders in India are urging the central bank to rethink new rules for foreign-exchange transactions designed to shore up the rupee, saying the measures would saddle them with large losses, according to people familiar with the matter.
Lenders in India are urging the central bank to rethink new rules for foreign-exchange transactions designed to shore up the rupee, saying the measures would saddle them with large losses, according to people familiar with the matter.
The Reserve Bank of India (RBI) headquarters building in Mumbai, India, on Wednesday, Aug. 6, 2025. RBI Governor Sanjay Malhotra said the country contributes more to global growth than the US, responding to President Donald Trump’s recent remark dismissing the South Asian nation as a “dead” economy.
India’s central bank stepped up its defense of the battered rupee, rolling out a measure to curb speculation after it slid to a new low amid concerns of a widening trade gap driven by the US-Iran war.
India’s central bank stepped up its defense of the battered rupee, rolling out a measure to curb speculation after it slid to a new low amid concerns of a widening trade gap driven by the US-Iran war.
The Reserve Bank of India (RBI) headquarters in Mumbai, Friday, Feb. 6, 2026. The Reserve Bank of India kept its benchmark interest rate unchanged on Friday, signaling an end to its easing cycle as the economy gets a boost from higher government spending and a surprise US trade deal to lower tariffs.
India will borrow 8.2 trillion rupees ($86.5 billion) in the first half of the financial year beginning April 1, around half of the amount scheduled for the full 12-month period, the government said in a statement Friday.
India will borrow 8.2 trillion rupees ($86.5 billion) in the first half of the financial year beginning April 1, around half of the amount scheduled for the full 12-month period, the government said in a statement Friday.
India’s rupee weakened to a fresh low, lagging behind regional peers, as foreign investors sped up sales of stocks and bonds on fears that elevated energy prices would drive up the import-heavy nation’s inflation and trade deficit.
India’s rupee weakened to a fresh low, lagging behind regional peers, as foreign investors sped up sales of stocks and bonds on fears that elevated energy prices would drive up the import-heavy nation’s inflation and trade deficit.
Indian insurers asked their regulator to soften a proposal that requires them to set aside capital when they buy state bonds, warning it would make the debt less attractive to own, according to people familiar with the matter.
Indian insurers asked their regulator to soften a proposal that requires them to set aside capital when they buy state bonds, warning it would make the debt less attractive to own, according to people familiar with the matter.
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