Rupee surges 52 paise to close at 92.54/USD on US-Iran ceasefire

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

RBI proposes separate categories of business correspondents

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

India Forex Reserves: Factors Behind the $11.413 Billion Drop

India’s forex reserves experienced a significant drop of $11.41 billion, primarily due to a decrease in gold reserves, raising concerns about the nation’s financial stability. Illustration: Dado Ruvic/Reuters Key Points India’s forex reserves decreased by $11.413 billion, reaching $698.346 billion.

Banking system liquidity surplus shrinks to Rs 16,875 cr, lowest since Jan 22

Market participants said that due to scheduled outflows from the banking system on account of advance tax payments and goods and services tax, the surplus in the system liquidity narrowed. Illustration: Uttam Ghosh Key Points When there was surplus liquidity,

HDFC Bank Shares Tumble 7.5%, Rs 1 Trn Mcap Wiped Out

Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report. Photograph: Kind courtesy Openbook10/wikipedia.org/Creative Commons   After a tumultuous day, where HDFC Bank’s management and board tried

Rupee set for worst year since FY14, hits fresh low of 93.72 per dollar

Foreign exchange traders said the Reserve Bank of India intervened by selling dollars, helping limit the rupee’s fall. Illustration: Dominic Xavier/Rediff Key Points The rupee has depreciated 8.8 per cent so far this financial year. The price of the Indian

India’s forex reserves on March 20, 2026 drop $7 bn to $709.76 bn

India’s forex reserves experienced a significant dip of $7 billion, as reported by the RBI, prompting analysis of the contributing factors and potential impact on the Indian economy. Illustration: Dado Ruvic/Reuters Key Points India’s forex reserves decreased by $7.052 billion

India’s Forex Reserves Surge to a Historic Peak of $728.5 Bn

India’s forex reserves have soared to an unprecedented $728.5 billion, signalling robust economic strength and stability, according to the latest data from the Reserve Bank of India. Illustration: Dado Ruvic/Reuters Key Points India’s forex reserves hit a record high of

Wholesale price inflation rises to 1.81% in Jan

Positive rate of inflation in January 2026 is primarily due to increase in prices of manufacture of basic metals, other manufacturing, non-food articles, food articles, and textiles. Photograph: Anushree Fadnavis/Reuters Key Points Non-food articles category inflation spiked to 7.58% in