Reserve Bank of India

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Last Updated: Just Now

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Macro Economy & Fiscal Policy Just now (08:00 PM IST)

RBI May Lift Repo 50-75 bps as Inflation, Crude and Yields Bite: Archit Shah Flags Bond Strategy Shift

The Reserve Bank of India could raise the repo rate by another 50-75 basis points to 5.75%-6% if inflation, crude prices and global bond yields remain elevated, according to Archit Shah, CIO at Zurich Kotak General Insurance. He said investors should stay patient on duration and lean on carry and roll-down strategies as bond portfolios face tighter liquidity and higher correlation across assets.

By RDU Global Wire5 min read

Automotive, EVs & MobilityJust now (07:39 PM IST)

UPI MDR Set for October 15 as RBI Says Merchant Fees Won’t Drive Cash Back

The Reserve Bank of India’s deputy governor has sought to calm concerns that the return of a merchant discount rate on UPI payments above Rs 2,000 will push consumers and businesses back toward cash. Shirish Chandra Murmu said digital transactions and cash circulation can rise together, arguing that cash serves both as a payment tool and a store of value in the economy.

6 min readRead →

Banking, Fintech & InsuranceJust now (06:14 PM IST)

RBI Tightens NBFC, CIC Rules After Tata Sons CoR Rejection

The Reserve Bank of India has clarified how it determines principal business activity for non-banking financial companies and the definition of core investment companies, sharpening the regulatory test after rejecting Tata Sons’ application to surrender its registration. The move places greater scrutiny on large holding companies and reinforces the central bank’s push toward transparency, with Tata Sons now facing pressure to comply with listing-related expectations.

5 min readRead →

Automotive, EVs & MobilityJust now (06:14 PM IST)

UPI MDR from October 15 Won’t Trigger Cash Surge, RBI Deputy Governor Says

The Reserve Bank of India’s Deputy Governor Shirish Chandra Murmu has said the introduction of a merchant discount rate on UPI payments above Rs 2,000 from October 15 is unlikely to push consumers back to cash. He argued that India’s payments landscape shows digital transactions and cash circulation can rise together, with cash continuing to serve both as a medium of exchange and a store of value.

5 min readRead →

National Governance & Policy3h ago

Tamil Nadu byelections in two SC-reserved seats put AIADMK's shrinking Dalit base under scrutiny

The AIADMK's decision to field candidates in the Madurantakam and Dharapuram Assembly byelections has turned the contests into an early test of whether the party can arrest its steep decline in Scheduled Caste-reserved constituencies. With its tally in SC seats falling from 32 in 2016 to just eight in 2026, the opposition party faces pointed criticism from former insiders even as it argues that its legacy and welfare record still resonate with Dalit voters.

7 min readRead →