India's central bank, founded 1935, sets monetary policy for a US$4-trillion economy, manages US$696 billion in foreign exchange reserves, and regulates the banking system.
India's official currency since 1947, managed by the Reserve Bank of India, whose rate trajectory signals the health of a US$4-trillion economy and drives global bond and equity flows.
full dossier ›An ordinance removing withholding and capital-gains taxes on government securities retroactively from April 2025 triggered the biggest monthly FPI bond surge since index inclusion
India's currency has depreciated 10% in twelve months; the central bank is defending with reserves, a swap line and subsidised hedging for inbound deposits
JPMorgan and Bloomberg EM phases closed; a third benchmark waits on settlement and tax reforms India is now racing to deliver