RBI

A hawkish US Federal Reserve and narrowing interest rate differential could increase pressure on the RBI to consider a rate hike as early as October.

The RBI has cancelled the licence of Dar's Financial Services, Rolta Holding and Finance Corporation, Vasudeo Securities, Parsoli Corporation, and A C Choksi Financial Services.

According to the report, recent changes in the domestic and global economic environment have increased the likelihood of the RBI raising interest rates at its October MPC meeting.

It will provide inputs on identification of audit areas, sectors and emerging risks that may warrant thematic or sectoral focus.

The RBI on Wednesday said India mobilised a record $136.38 billionthrough its special forex swap window to bolster foreign-exchange liquidity.

Positive domestic equities, a weaker dollar and lower oil prices support the rupee, while RBI intervention remains a key market factor.

Reflecting on past technological shifts, Malhotra observed that while historical innovations multiplied physical power and connectivity, artificial intelligence directly multiplies intelligence.

The proposed directions will apply to commercial banks but exclude Small Finance Banks, Payments Banks and Local Area Banks.

Once considered among Asia's more stable currencies, the rupee has now become one of the worst-performing emerging market currencies this year.

The apex court asked the Reserve Bank of India to prepare and circulate a Standard Operating Procedure (SOP) in four weeks to deal with mule bank accounts.

Economists said the central bank will remain in a "wait-and-watch" mode as it assesses the evolving inflation outlook.

The data reflects a sustained positive response to the central bank's efforts to boost foreign currency inflows and fortify the balance of payments.

In April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms.