HDFC Bank, India’s largest private-sector lender, announced an 8.04 per cent surge in its March quarter consolidated net profit to Rs 20,350.76 crore, while simultaneously cautioning about the potential impact of the West Asia conflict on its small-business borrowers. Photograph:
The Federation of Indian Export Organisations (FIEO) has formally requested the Reserve Bank of India (RBI) to provide crucial liquidity support to Indian exporters, who are grappling with a dramatic surge in freight costs and extended payment cycles exacerbated by
India’s foreign exchange reserves have crossed the crucial $700 billion mark, surging by $3.825 billion to $700.946 billion during the week ended April 10, signalling a robust recovery and strengthening the nation’s economic resilience. Illustration: Dado Ruvic/Reuters Key Points India’s
The Indian rupee experienced significant volatility, closing 32 paise lower at 92.83 against the US dollar, as escalating US-Iran tensions and a crucial RBI deadline for banks to curb overnight positions weighed heavily on the forex market. Illustration: Dominic Xavier/Rediff
India’s foreign exchange reserves have surged by over $9 billion to $697.121 billion for the week ended April 3, 2026, as reported by the Reserve Bank of India, indicating a robust recovery after a recent dip and strategic interventions amidst
S Mahendra Dev, chairman of the Economic Advisory Council to the Prime Minister, confidently stated that the Indian rupee is stabilising and is expected to settle around the 92-93 level against the US dollar, with foreign investment flows poised for
The Indian rupee experienced a notable surge following President Trump’s decision to suspend military action against Iran and the RBI’s steady interest rate policy, signaling improved market confidence and easing geopolitical tensions. Photograph: Francis Mascarenhas/Reuters Key Points The Indian rupee
The Reserve Bank of India (RBI) has introduced comprehensive draft norms for branch authorisation and business correspondents, aiming to expand formal banking access, particularly in rural areas, by classifying BCs into new categories and redefining banking outlets. Photograph: Francis Mascarenhas/Reuters
Indian stock markets are set for a volatile week as investors keenly await the Reserve Bank of India’s monetary policy decision, navigate global macroeconomic data, and monitor the evolving geopolitical landscape in West Asia. Illustration: Dominic Xavier/Rediff Key Points The
A new report suggests that persistent high crude oil prices could force the Reserve Bank of India (RBI) to raise interest rates to combat rising inflation, potentially impacting the Indian economy. Illustration: Dado Ruvic/Reuters Key Points Sustained crude oil prices
