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US Fed to hike rates this year? Here's what latest data on GDP, inflation from US signal
As inflation rises and economic growth slows, the US Federal Reserve faces a complex decision on interest rates. Experts suggest the central bank may prioritise controlling inflation over stimulating growth.
RBI warns West Asia war may hurt India growth outlook
The central bank said the impact of the conflict is likely to remain contained in the near term but warned that an escalation could derail India's otherwise positive growth trajectory.
RBI continues to focus on further developing and deepening financial markets by boosting the role of INR as a cross-border medium of exchange
As per RBI annual report, during 2025-26, the Reserve Bank continued to focus on further developing and deepening financial markets through several initiatives, including rationalising external sector regulations for increased ease of doing business and encouraging the adoption of INR for cross border transactions. Going forward, the liquidity operations would continue to be in sync with the stance of monetary policy, while the foreign exchange operations would be principle-based, guided by the objective of ensuring orderly movements in the exchange rate of the INR. On cross border payments, the Reserve Bank signed memorandum of understanding (MoU) on digital asset collaboration with the Monetary Authority of Singapore (MAS). Bilateral discussions with MAS and the Central Bank of the UAE (CBUAE) were held for operationalising a cross-border CBDC pilot. The Reserve Bank also joined multilateral BIS-Innovation Hub-led initiatives, viz., Project Rialto, and Phase 2 of Project Mandala, ..
Rupee Trades Flat As Oil Price Swings And Central Bank Watch Keep Focus - Investing.com India
Rupee Trades Flat As Oil Price Swings And Central Bank Watch Keep FocusInvesting.com India
Central Bank of India well-positioned to surpass Rs 5,000 cr profit in FY27: MD Kalyan Kumar
Central Bank of India targets Rs 5,000 crore annual profit during this fiscal year. A new tax regime offers a significant boost. The bank plans 150 new branches and hiring 1,400 employees. Customer centricity, HR transformation, and technology are key drivers. Enhanced cybersecurity builds customer trust. These steps position the bank for a crucial role in India's economy.
RBI's dollar-rupee swap auction subscribed nearly twice the notified amount
The Reserve Bank of India's (RBI's) USD/INR buy/sell swap auction on Tuesday received robust responses with nearly twice subscriptions than the notified amount. The central bank received bids worth USD 9.80 billion, but accepted just USD 5 billion for a cut-off premium of 910 paise, according to the RBI's release. The notified amount of the auction was USD 5 billion. The release said the RBI received 254 bids at the auction and accepted 144 bids. The bid-to-cover ratio stood at 1.96.
RBI should avoid aggressive rate hikes as high crude threatens growth, says Axis AMC’s Devang Shah
Devang Shah, Head of Fixed Income at Axis AMC believes sharply tighter financial conditions could hurt growth and worsen economic stress. He expects the central bank to adopt a calibrated approach through gradual rate hikes and measures to attract dollar inflows, while warning that prolonged crude prices above $100 could continue to pressure India’s macroeconomic outlook and the rupee.
HDFC Bank’s treatment of MSRDC deposit an industry-wide practice, say sources
The central bank may ask the banks to regulate the magnitude of differential interest.
Central Bank government OFS gets fully subscribed
The Government of India launched an offer for sale (OFS) to divest stake in the public sector lender.
NZ dollar climbs as RBNZ indicates need to increase OCR sooner and by more than envisaged
The New Zealand dollar firmed up on Wednesday after the central bank left OCR rates unchanged and signaled possibility of further rate hikes in futures. The OCR will most likely need to increase sooner and by more than envisaged in the February Monetary Policy Statement, RBNZ said in the statement. The pace of OCR increases will depend on the relative influence of persistent wage- and price-setting behaviour versus weaker economic activity on medium-term inflation pressures, it further noted. The Committee remains focused on ensuring that increased costs do not lead to elevated inflation over the medium term, while avoiding unnecessary economic volatility. The central bank also noted that New Zealands trading partners are expected to see weaker growth and higher inflation as global economic backdrop remains uncertain. Reserve Bank of New Zealand kept its official cash rate unchanged at 2.25% as expected. New Zealand dollar climbed 0.70% to around $0.587 this morning.
RBI should start rate hike cycle as inflation risks rise, says Bandhan MF’s Suyash Choudhary
Average inflation forecasts are likely to move higher, and the RBI should begin the rate hike cycle to maintain its credibility as an inflation-focused central bank, according to Suyash Choudhary, CIO-Fixed Income at Bandhan Mutual Fund. However, he believes rate hikes alone may not immediately solve the problem. He said the RBI must avoid mixed messaging to prevent market uncertainty and added that a favourable mix of global factors — including lower oil prices, better foreign inflows, and a weaker dollar — could help improve the situation.
Institutional Investors Bid Over Rs 2,380 Crore In OFS For Central Bank Of India Shares, Oversubscribed More Than Twice
Retail investors and employees will be able to bid in the share sale offer on Monday.