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RBI chief says India's recovery not entrenched, will only be gradual

16 Sep 2020

MUMBAI Some high frequency indicators are pointing towards stabilisation in economic activity in India but the recovery is still not entrenched and will only be gradual, Reserve Bank of India Governor Shaktikanta Das said on Wednesday.

Pandemic likely to force India to borrow more, deficit monetisation is last resort: sources

10 Sep 2020

NEW DELHI/MUMBAI Revenue shortfalls in India, the major economy hardest hit by the coronavirus pandemic, are likely to force the government to borrow more, but it will only consider monetising its deficit as a last resort, sources familiar with discussions told Reuters.

RBI's loosening of rupee reins likely to aid more gains

01 Sep 2020

MUMBAI India's central bank appears to have stopped trying to rein in the rupee to help exports, letting the currency drift to a six-month high and raising expectations it will gain further, analysts and market participants said.

Rupee logs best day in 21 months, bonds plunge on RBI measures

01 Sep 2020

MUMBAI The Indian rupee posted its biggest single-day gain in 21 months on Tuesday, while bond yields fell to their lowest in more than two weeks following the central bank's new measures to stabilise markets and its comments on the currency.

Indian bond yields plunge, rupee soars on RBI stability measures

01 Sep 2020

MUMBAI, Sept 1 Indian bond yields fell to their lowest level in over two weeks on Tuesday following the central bank's special open market operation (OMO) announcement, while the rupee rose to six-month highs.

Indian central bank announces new measures to maintain market stability

31 Aug 2020

MUMBAI The Reserve Bank of India announced new measures on Monday to maintain stability in the financial system during the coronavirus pandemic, including two more tranches of special open market bond operations in its 'Operation Twist'.

Rupee retreats from six-month high on China border tensions

31 Aug 2020

MUMBAI The Indian rupee retreated after hitting near six-month highs on Monday following reports of fresh border tensions with China.

Rupee posts biggest weekly gain in 20 months as RBI stands aside

28 Aug 2020

MUMBAI The Indian rupee rose to its highest level in nearly six months on Friday, gaining for a third straight session, with traders saying the central bank refrained from currency intervention as foreign investors piled into equity markets.

UPDATE 2-Indian rupee posts biggest weekly gain in 20 months as RBI stands aside

28 Aug 2020

MUMBAI, Aug 28 The Indian rupee rose its highest level in nearly six months on Friday, gaining for a third straight session, with traders saying the central bank refrained from currency intervention as foreign investors piled into equity markets.

Indian economy more resilient now vs global financial crisis, says RBI Governor

27 Aug 2020

MUMBAI The Indian economy remains much stronger amid the coronavirus pandemic than it was during the global financial crisis over a decade ago even if growth has slowed, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.

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