The rupee witnessed its worst single-day decline in around two months since November 21, 2025, due to demand for dollars among importers, said dealers. Illustration: Dominic Xavier/Rediff The maturing short positions in the non-deliverable forwards market further weighed on the
India’s forex reserves increased by $392 million to $687 billion during the week ended January 9, the Reserve Bank of India said on Friday. Photograph: Lisa Marie David/Reuters In the previous reporting week, the overall kitty had dropped by $9.8
Wholesale price inflation extended upward momentum for the second straight month, recording at 0.83 per cent in December 2025, driven by an uptick in prices of food, non-food articles, and manufactured items on a month-on-month basis, government data showed on
Banks cannot treat compliance as a quarter-end activity, and must have stronger operational discipline and data governance throughout the year, Reserve Bank of India (RBI) Deputy Governor Swaminathan J said in a speech at the Third Annual Global Conference of
Retail inflation rose to a three-month high of 1.33 per cent in December, mainly due to higher prices of food items, but remained below the Reserve Bank of India’s lower tolerance level. Illustration: Uttam Ghosh The Consumer Price Index (CPI)
Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026. Illustration: Uttam Ghosh/Rediff The year 2025 turned out to be a watershed year for
India’s forex reserves dropped by $9.8 billion to $686.81 billion in the week to January 2, the Reserve Bank of India (RBI) said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the forex reserves had jumped by $3.29
Private sector lender IDFC First Bank has lowered its savings account rates and introduced new slabs for small and medium balance categories, effective January 9, 2025, as per its website. Photograph: Courtesy, Wikimedia Commons The interest slabs and rates for
