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India seeks diaspora dollars to strengthen forex reserves amid rupee weakness: Report
Fp Business Desk •The government has asked state-owned banks to step up efforts to attract foreign currency deposits from overseas Indians as policymakers look to bolster external buffers and support the rupee, Bloomberg News reported
RBI may hold rates till October; India's GDP growth seen easing to 6.6-6.8% in FY27: Bank of Baroda
Fp Business Desk •BoB Outlook expects inflation to rise within RBI's tolerance band, while higher crude oil prices and global supply disruptions remain key risks to the economy.
India's forex reserves jump $7.26 billion to $674.19 billion as foreign currency assets, gold rebound
Fp Business Desk •RBI data shows broad-based weekly gains across forex reserve components, though overall reserves remain below March-end and year-ago levels.
India central bank renews push for crypto ban, tax department flags evasion risks: Report
Dheeraj Kumar •India's central bank has renewed its push for a cryptocurrency ban, while the Income Tax Department has flagged tax evasion risks linked to offshore crypto trading, according to a Reuters report
NRI money could unlock India's next capex cycle after easing banks' funding crunch: Axis Bank CEO
Fp Business Desk •Axis Bank CEO Amitabh Chaudhry says fresh NRI deposits enabled by the RBI's latest policy could first lower banks' funding costs before financing infrastructure, data centres and India's next investment cycle. Estimates suggest the scheme could attract between $50 billion and $100 billion in overseas deposits
HDFC Bank likely to back Sashidhar Jagdishan for a third term as CEO. RBI now holds the key
Fp Business Desk •HDFC Bank is expected to recommend CEO Sashidhar Jagdishan for a third term after independent legal reviews cleared governance concerns raised by former chairman Atanu Chakraborty. The final decision now rests with the RBI
India could grow above 7%, beating RBI's 6.6% forecast if oil stays low: Report
Fp Business Desk •RBI MPC member Nagesh Kumar says India's economy could return to a 7 per cent-plus growth trajectory in FY27 if peace in West Asia endures and crude oil prices remain low, improving both inflation and growth prospects
RBI sees inflation under control despite global turmoil, cites India’s strong fundamentals
Fp Business Desk •The RBI says India remains well-positioned to weather global uncertainty, citing anchored inflation, strong economic growth, fiscal discipline and robust external-sector buffers despite recent energy-market volatility
ECB’s rate hike sparks global alarm: Will Fed, BoE follow as inflation fears return?
Fp Business Desk •As the Israel-Iran war threatens a fresh energy shock, the European Central Bank’s rate hike has shifted the global debate from rate cuts to renewed tightening, putting the Federal Reserve, Bank of England and other major central banks on inflation watch.
India may return to balance of payments surplus in FY27 on $65-billion forex boost, says SBI
Fp Business Desk •Rupee rescue plan: SBI Research says RBI’s FCNR(B) and foreign borrowing measures could attract $55–65 billion in inflows, turn India’s balance of payments surplus in FY27 and prevent sharp currency depreciation.