 "What is Reserve Bank of India (RBI)")
Reserve Bank of India
What is Reserve Bank of India (RBI)
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Latest Updates on Reserve Bank of India
Weak rupee, strong dollar: How RBI steps in to steady currency markets
RBI does not defend a fixed rupee level but intervenes to contain excessive volatility, using tools like forex reserves, liquidity tightening and regulatory curbs to stabilise markets
 "Weak rupee, strong dollar: How RBI steps in to steady currency markets")
Eternal Q2 preview: Analysts expect PAT to fall 61% YoY; revenue up 43%
Eternal Q1 results preview: Brokerages tracked by Business Standard estimate $40 Eternal's net profit to decline around 61 per cent year-on-year (Y-o-Y) on average, to ₹69.05 cr as compared to ₹176 cr
 "Eternal Q2 preview: Analysts expect PAT to fall 61% YoY; revenue up 43%")
Bhartiya Vayuyan Vidheyak to address discrepancies in aviation law: Govt
Naidu explained that the 1934 Act had undergone 21 amendments, resulting in ambiguities and contradictions, particularly regarding the powers and functions of internal organisations
 "Bhartiya Vayuyan Vidheyak to address discrepancies in aviation law: Govt")
New UPI feature to allow multiple users to use one account for transactions
RBI has increased the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction
 "New UPI feature to allow multiple users to use one account for transactions")
Budget 2024: Lower GST demand listed by Delhi Market Association officials
Union Budget 2024: The Delhi Market Association has urged the government to consider measures to lower the Goods and Services Tax (GST) rates on essential items and on shop rentals
 "Budget 2024: Lower GST demand listed by Delhi Market Association officials")
Paytm gets Sebi warning for transactions with banking unit, defends itself
Company says it's committed to 'highest compliance standards' after regulator flags related party transactions with Paytm Payments Bank in FY22
 "Paytm gets Sebi warning for transactions with banking unit, defends itself")
India's overnight swap market pricing in rate cuts before 2023 end: Experts
OIS rates, often seen as the clearest indication of future policy rate actions, are interest rate derivative products that move as per the expectations of rate trajectory
 "India's overnight swap market pricing in rate cuts before 2023 end: Experts")
An unexpected pause
Inflation remains significantly above the target
 "An unexpected pause")
Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest
This announcement is in line with the Reserve Bank of India's decision to keep the repo unchanged at 6.5%
 "Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest")
Home loan rates over Rs 75 lakh to get dearer as risk weight rises again
Risk weight back to pre-pandemic level of 50%
 "Home loan rates over Rs 75 lakh to get dearer as risk weight rises again")
Weekend Bites: Pause not pivot, GDP, Doge, and litti-chokha for thought
In which we munch over the week's platter of news and views
 "Weekend Bites: Pause not pivot, GDP, Doge, and litti-chokha for thought")
RBI estimate too optimistic, will pivot to rate cuts in October: Nomura
Japanese brokerage Nomura on Friday said Reserve Bank's 6.5 per cent real GDP growth estimate for FY24 is too optimistic, and the central bank will pivot to rate cuts from October
 "RBI estimate too optimistic, will pivot to rate cuts in October: Nomura")
Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data
A comfortable level of foreign exchange reserves will further bolster macroeconomic stability, RBI Governor Shaktikanta Das said while announcing the bank's monetary policy decision on Thursday.
 "Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data")
It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo
FY24 inflation projection cut to 5.2%; growth forecast at 6.5%
 "It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo")
Realty, auto firms expect demand to remain intact after RBI holds rate
Sales in the affordable segment (units priced below Rs 40 lakh) dipped between 2019 and 2022 and further in the first quarter of 2023, said Anuj Puri, chairman of Anarock
 "Realty, auto firms expect demand to remain intact after RBI holds rate")
Portal for unclaimed deposits across banks to be ready in 3-4 months: RBI
The deposits remaining unclaimed for 10 years in a bank are transferred to the 'Depositor Education and Awareness' (DEA) Fund maintained by RBI
Reserve Bank of India goes for a hawkish pause
The RBI has paused because it wants to evaluate the cumulative impact of the past rate hikes
 "Reserve Bank of India goes for a hawkish pause")
A prudent comma, not a myopic full stop!
The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"
Households in India expect inflation to moderate, find RBI surveys
Inflation expectations over the next three and 12 months declined by 30 basis points each in its March round of surveys, from the January round, the Reserve Bank of India said
 "Households in India expect inflation to moderate, find RBI surveys")
Industry associations welcome RBI decision to pause interest rates
After six consecutive hikes aggregating 250 bps, RBI hits a pause
 "Industry associations welcome RBI decision to pause interest rates")