MUMBAI, India, Aug. 18 -- Reserve Bank of India issued the following speech: Introduction Good afternoon, my fellow central bankers from around the globe. I congratulate Bank Indonesia for hosting this discussion on such a topical issue, and I thank them for the opportunity to present an Indian perspective on it. Currency management is a core function of nearly every central bank represented in this room. In the previous decade, adoption of digital payments in India has been revolutionary to...
MUMBAI, India, Aug. 18 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Wednesday, August 19, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 1 09:30 AM to 10:00 AM August 20, 2026 (Thursday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release...
MUMBAI, India, Aug. 18 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has today released the data on Overseas Direct Investment (https://rbidocs.rbi.org.in/rdocs/content/docs/OFDI18082026.xlsx), both under Automatic Route and the Approval Route, for the month of July 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/918 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 18 -- Reserve Bank of India issued the following press release: Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 36,595 Amount accepted (in ₹ crore) 36,595 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate N.A. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/916 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 18 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Second Variable Rate Reverse Repo (VRRR) auction on Tuesday, August 18, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 12:00 Noon to 12:30 PM August 19, 2026 (Wednesday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press R...
MUMBAI, India, Aug. 18 -- Reserve Bank of India issued the following press release: Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 82,788 Amount accepted (in ₹ crore) 82,788 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate N.A. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/914 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 18 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,31,721.60 5.04 4.00-6.50 I. Call Money 13,126.53 5.18 4.00-5.25 II. Triparty Repo 4,28,843.20 5.02 4.90-5.10 III. Market Repo 1,82,414.37 5.06 4.00-5.50 IV. Repo in Corporate Bond 7,337.50 5.31 5.28-6.50 B. Term Segment I. Notice Money** 267.20 5.13...
India, Aug. 16 -- The Government of India has issued a release: The Vice President of India, Shri C. P. Radhakrishnan, today addressed the 22nd Convocation of S.R.M. Institute of Science and Technology (SRMIST) at Kattankulathur, Chengalpattu near Chennai and called upon graduating students to use their knowledge, skills and innovation for nation-building, guided by the principle of 'Nation First - Rashtra Pratham'. Addressing the graduating students, the Vice President said a convocation is m...
India, Aug. 16 -- The Government of India has issued a release: Prime Minister Shri Narendra Modi earlier this morning paid homage to former Prime Minister, Shri Atal Bihari Vajpayee at his memorial, Sadaiv Atal. He emphasized that the former Prime Minister's role in India's progress remains unparalleled. In a post on X, the Prime Minister wrote: "Earlier this morning, paid homage to Atal Ji at Sadaiv Atal. His role in India's progress is unparalleled!" Disclaimer: Curated by HT Syndication....
India, Aug. 16 -- The Government of India has issued a release: Prime Minister Shri Narendra Modi today paid homage to former Prime Minister, Shri Atal Bihari Vajpayee on his Punya Tithi, remembering the extraordinary statesman blessed with remarkable vision who dedicated his life to the service of our nation. The Prime Minister noted that Atal Ji's words and efforts inspired generations and that his leadership strengthened our nation. He emphasized that his focus on good governance and public...