RBI to align bank disclosure norms with global standards

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Rupee at record low: Currency falls to 96.70 against dollar after eighth straight session of losses

The Indian rupee hit a record low of 96.70 against the US dollar on Tuesday, extending its losing streak to eight sessions. Rising crude oil prices, foreign fund outflows, and a strong dollar due to global risk aversion are key factors. Forex traders also cited supply-chain disruptions. The Reserve Bank of India's intervention and import restrictions might offer some support.

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RBI transparency push: Banks may have to disclose detailed capital, liquidity and risk data under Basel III norms

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Stock market today (May 19, 2026): Which are the top gainers and losers in BSE Sensex and Nifty50 today? Check list

Indian equity benchmarks Sensex and Nifty closed lower on Tuesday after a late sell-off in heavyweight stocks like HDFC Bank and Reliance Industries erased early gains. Concerns over the rupee hitting a fresh record low and elevated crude oil prices also weighed on investor sentiment, though IT stocks provided some support.

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RBI dividend: Central bank board to meet on May 22 amid expectations of record payout

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