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Morning Brief Wednesday, 11 November 2026

Everything a banker needs today, in about five minutes: RBI, the government, banks, regulators, markets and the exam angle, each with its official source.

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THE MORNING BRIEFWED 11 NOV 2026 · 7 AM

International

Fed's Waller backs a December rate hike

What happened
US Federal Reserve Governor Christopher Waller said in London on 10 Nov that he would support a 25 basis point increase at the Fed's 8–9 Dec meeting. He added that a 50 basis point move should be considered if October core inflation came in at about 0.3% or higher, which it did later that day.
At the branch
Customers with dollar loans, remittances or children studying abroad may ask about the rupee. Quote only your bank's card rate for the day and leave forecasts out.
Exam angle
CAIIB Bank Financial Management: global interest rates, capital flows and the rupee.

Source: Speech by Governor Waller, Federal Reserve Board, 10 Nov 2026

Exam relevance: Medium

Top news

  1. International

    US October prices rise 0.4%; core up 0.3%

    US consumer prices rose 0.4% in October and core prices, which leave out food and energy, rose 0.3%, according to Labor Department data released on 10 Nov. No 12-month rate was published because October 2025 prices were not collected during last year's government shutdown.

    At the branch: No branch action. The figure matters because it shapes the Fed's December decision and, through it, the rupee.

    Exam angle: CAIIB Bank Financial Management: inflation and international markets.

    Source: US Bureau of Labor Statistics data of 10 Nov 2026, reported by Yahoo Finance and Quartz

    Exam relevance: Low
  2. Other regulators

    SEBI: rupee hedges up to $5 mn need no proof

    SEBI's circular of 5 Nov lets domestic clients and FPIs take long or short positions in rupee-pair currency derivatives without showing underlying exposure, up to $5 million in all across pairs and exchanges. It follows RBI's circular of 10 Oct; FPI short positions cannot go beyond the $5 million limit.

    At the branch: Exporters and importers who hedge on exchanges may ask about the limit. Beyond $5 million, the underlying exposure must be shown under RBI's rules.

    Exam angle: CAIIB Bank Financial Management: forex risk and currency derivatives.

    Source: SEBI circular of 5 Nov 2026; details as reported by Outlook Money, 6 Nov

    Exam relevance: High
  3. RBI

    RBI keeps Abhyudaya Bank board superseded a year

    RBI announced on 9 Nov that the supersession of the board of Abhyudaya Co-operative Bank, Mumbai, is extended by another year from 24 Nov 2026. Administrator Satya Prakash Pathak continues, helped by the same committee of advisers; the board was first superseded on 24 Nov 2023.

    At the branch: If a customer of the bank asks, the bank keeps working under its administrator. Point them to RBI's press release rather than to rumours.

    Exam angle: JAIIB Principles and Practices of Banking; CAIIB Banking Regulations and Business Laws: RBI's powers over co-operative banks.

    Source: RBI press release of 9 Nov 2026, reported by Business Standard

    Exam relevance: Medium
  4. Government

    ₹34,000 crore 2036 bond auction on 13 Nov

    The government will sell ₹34,000 crore of the 6.94% GS 2036, maturing on 11 May 2036, on 13 Nov, and may keep up to ₹2,000 crore more. Settlement is on 16 Nov, and up to 5% is set aside for non-competitive bids.

    At the branch: Retail customers can bid through RBI Retail Direct. Treasury staff should note the when-issued window of 11 to 13 Nov.

    Exam angle: CAIIB Bank Financial Management: government securities and auctions.

    Source: RBI auction notice of 9 Nov 2026, reported by Outlook Money and EconoTimes

    Exam relevance: Medium
  5. Payments and digital

    I4C video warns of 'double your money' ads

    The Indian Cybercrime Coordination Centre is running a social media video, reported on 10 Nov, that warns against ads promising to multiply small investments in a few days. It asks victims to call 1930 or report at cybercrime.gov.in at once.

    At the branch: When a customer wants to send money to an unknown account for a 'guaranteed' return, pause and ask questions. Check whether the intermediary is registered with SEBI.

    Exam angle: JAIIB Principles and Practices of Banking: fraud prevention and customer protection.

    Source: I4C (Ministry of Home Affairs) campaign, reported by ETV Bharat, 10 Nov 2026

    Exam relevance: Medium
  6. RBI

    RBI cancels Gandhinagar Leasing's NBFC registration

    RBI announced on 9 Nov that it has cancelled the Certificate of Registration of Gandhinagar Leasing and Finance Ltd. Without it, the company cannot carry on the business of a non-banking financial institution.

    At the branch: Before accepting such a company's cheques or guarantees, check its status on RBI's NBFC list.

    Exam angle: JAIIB and CAIIB: NBFC regulation under Section 45-IA of the RBI Act.

    Source: RBI press release of 9 Nov 2026 (press release list)

    Exam relevance: Low
  7. Economy and markets

    Markets reopen today after Balipratipada break

    BSE and NSE were shut on 10 Nov for Diwali Balipratipada and resume normal trading on 11 Nov, from 9:15 am to 3:30 pm. The last closes, on 9 Nov, were 81,106.65 for the Sensex and 25,044.65 for the Nifty 50.

    At the branch: Trades and mutual fund orders placed on 10 Nov are processed from today.

    Exam angle: General awareness for promotion interviews: market holidays.

    Source: Business Today, 10 Nov 2026; closes from Business Standard, 9 Nov

    Exam relevance: Low
  8. Bankers' corner

    Bhai Dooj: branches shut in 6 centres today

    On 11 Nov, banks are listed as closed in Gangtok, Imphal, Kanpur, Kolkata, Lucknow and Shimla. Branches elsewhere are open, and 14 Nov is a second Saturday.

    At the branch: Remind customers in those centres that cheques and branch work wait for the next working day; UPI, cards and net banking carry on. RBI's holiday list for your state decides.

    Exam angle: JAIIB Principles and Practices of Banking: customer service.

    Source: RBI holiday list as reported by India TV, 9 Nov 2026

    Exam relevance: Low
  9. International

    Waller: US economy grew 3.4% in the third quarter

    In the same speech, Governor Waller noted that US real GDP grew 3.4% in the third quarter on the first estimate and that unemployment was 4.1% in October. He said inflation is well above the Fed's 2% goal.

    At the branch: No branch action. Useful background for questions on the dollar and the rupee.

    Exam angle: CAIIB Bank Financial Management: international economy.

    Source: Speech by Governor Waller, Federal Reserve Board, 10 Nov 2026

    Exam relevance: Low

Also today

Markets snapshot

Sensex81,106.65+107.25 (+0.13%), close Mon 9 Nov; shut 10 Nov
Nifty 5025,044.65+58.25 (+0.23%), close Mon 9 Nov; shut 10 Nov
Rupee93.93 per $up 5 paise, provisional, 9 Nov
Repo rate5.50%since 7 Oct 2026; SDF 5.25%, MSF 5.75%
Forex reserves$717.06 bnweek ended 30 Oct

Indian markets were closed on 10 Nov (Balipratipada), so these are the 9 Nov closes reported by Business Standard and HDFC Sky; rupee by PTI via HDFC Sky; repo rate and reserves from RBI. No Brent or 10-year G-sec close confirmed for 10 Nov.

Exam corner

$5 million Rupee-pair currency derivative positions allowed without showing underlying exposure (SEBI, 5 Nov 2026).

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