The Reserve Bank of India has sought feedback from large market participants on aligning the overnight interbank call money rate more closely with the policy repo rate, five treasury officials aware ...

Indian banks observe holidays that vary by state, as determined by the RBI's annual calendar. Banks are closed on the second and fourth Saturdays, Sundays, and designated holidays.

A surge in oil prices after Israel’s strikes on Iran sent the Indian rupee tumbling on Friday, prompting the central bank to ...