RBI plans CBDC pilot expansion for cross-border use

29 Mwezi wa tano, 2026

Imeripotiwa na AI

The Reserve Bank of India intends to broaden its digital rupee pilot this fiscal year. It is also exploring central bank digital currency applications in international transactions.

The Reserve Bank of India plans to expand its digital rupee pilot to additional direct benefit transfer schemes and the domestic retail space during the current fiscal year. Officials are simultaneously examining CBDC applications for cross-border transactions through signed memoranda of understanding and bilateral discussions aimed at launching pilot projects.

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Bank Indonesia Governor Perry Warjiyo announces seven measures to stabilize the rupiah at Rp17,400 per USD, with President Prabowo Subianto's approval at the Presidential Palace.

BI governor reveals seven measures to defend rupiah at Rp17.400 per dollar

5 Mwezi wa tano, 2026 Imeripotiwa na AI Picha iliyoundwa na AI

Bank Indonesia has launched seven strategies to maintain rupiah stability amid global pressures, with the currency hitting Rp17.400 per US dollar. The measures received approval from President Prabowo Subianto following a meeting at the Presidential Palace on May 5, 2026. BI Governor Perry Warjiyo highlighted sufficient foreign reserves for market interventions.

RBI forms committee to study quantum technology in finance

The Reserve Bank of India has established an eight-member panel to examine quantum technology applications in the financial sector. The group is tasked with evaluating both potential benefits and associated risks over the coming months.

RBI imposes $100 million daily cap on banks' rupee open positions amid Iran war pressures

28 Mwezi wa tatu, 2026 Imeripotiwa na AI

India's Reserve Bank of India (RBI) has limited banks' net open positions in rupee foreign exchange dealings to $100 million per day, aiming to curb speculation and stabilize the currency. The measures respond to rupee depreciation driven by the Iran war, depleting reserves, rising crude oil prices, and USD-INR fluctuations.

Asia

Centre informs Supreme Court of multi-pronged actions to check digital arrest frauds

Asia

West Asia war’s second-round effects real concern, RBI in wait-and-watch mode: Governor Sanjay Malhotra

Japan

SBI Holdings submits intent to acquire stake in Bitbank

RBI Governor: Policy rates to stay stable or lower amid risks, post-February hold

Following the RBI's February decision to maintain rates at 5.25%, Governor Sanjay Malhotra reiterated that policy rates are likely to remain at current levels or decrease for an extended period. He cited benign inflation and low underlying inflation expectations but cautioned on risks and global uncertainties influencing growth-inflation dynamics.