Page 13 - Latest Updates on Reserve Bank of India
RBI's forex reserves rise for fifth straight week to $564.07 billion
According to analysts, the increase in the RBI's reserves is owing to revaluation as well as the central bank's purchases of the greenback as it looks to replenish the reserves
 "RBI's forex reserves rise for fifth straight week to $564.07 billion")
Fintech firms Razorpay, Cashfree can't onboard new merchants for now
Razorpay said it was a temporary move and will not have any impact on its existing business operations and current merchants
 "Fintech firms Razorpay, Cashfree can't onboard new merchants for now")
RBI's central board reviews current economic situation, challenges
The central board of the Reserve Bank on Friday reviewed the prevailing economic situation and challenges emanating from geopolitical developments
 "RBI's central board reviews current economic situation, challenges")
Short-duration funds suit conservative investors during pause in rate cycle
Take a tactical bet on longer-duration funds when RBI moves to a tightening stance
 "Short-duration funds suit conservative investors during pause in rate cycle")
Forex reserves swell by $2.91 billion to $564.06 billion as of Dec 9
India's forex reserves rose by $2.908 billion to $564.06 billion for the week ended on December 9, according to the Reserve Bank data released on Friday
 "Forex reserves swell by $2.91 billion to $564.06 billion as of Dec 9")
Govt had no outstanding loans from RBI in Dec 9 week, says central bank
The central government had no outstanding loans in the week earlier as well
 "Govt had no outstanding loans from RBI in Dec 9 week, says central bank")
Rice, wheat inflation continue to rise contrary to overall inflation
The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October
 "Rice, wheat inflation continue to rise contrary to overall inflation")
Slippages from restructured NBFC book increased in H1FY23, says Icra
Write-offs remained elevated at 2.1 per cent for NBFCs and 0.5 per cent for HFCs in H1FY23
 "Slippages from restructured NBFC book increased in H1FY23, says Icra")
Ex-RBI Guv Raghuram Rajan predicts difficult year ahead for Indian economy
Rajan also pitched for creating a conducive environment for small and medium-scale industries and giving a push to a green revolution in the field of sustainable energy
 "Ex-RBI Guv Raghuram Rajan predicts difficult year ahead for Indian economy")
RBI advises fintechs to focus on governance, data protection issues
Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks
 "RBI advises fintechs to focus on governance, data protection issues")
G20 meet: Infra to sustainable finance, global headwinds take centre stage
The ministry and the Reserve Bank of India (RBI) are jointly co-hosting the FCBD meeting
 "G20 meet: Infra to sustainable finance, global headwinds take centre stage")
RBI removes informal restrictions on rupee NDF trades, says report
The central bank had in October informally communicated to banks to halt building new positions in the NDF market to manage the rupee's volatility
 "RBI removes informal restrictions on rupee NDF trades, says report")
Nov inflation down, RBI's rate hike in Feb could be modest: CARE Ratings
With core inflation continuing to be high, credit rating agencies like Acuite Ratings & Research and CARE Ratings do not expect any downtrend in the retail inflation for the next few months
Reserve Bank of India removes informal NDF restrictions on banks: Report
India's central bank has lifted informal restrictions placed on banks for trading in the non-deliverable forward market (NDF)
Real rates turn positive as inflation eases; peak in sight: Report
India's real interest rate has turned positive after headline retail inflation eased below 6% for the first time this year, analysts said, suggesting that the peak policy rate is now close
 "Real rates turn positive as inflation eases; peak in sight: Report")
Signs of global slowdown: Export credit demand shrinks 25% YoY in October
The data released by the Reserve Bank of India (RBI) showed a fall in export credit even though the bank credit saw a robust growth of 18 per cent
 "Signs of global slowdown: Export credit demand shrinks 25% YoY in October")
Memoirs of an economic savant
C Rangarajan's book is a superb record of the economic history of the initial years of reform
RBI imposes penalty on 13 cooperative banks for breaching regulatory norms
The Reserve Bank of India on Monday announced penalties on 13 cooperative banks for contravention of various regulatory norms
Digital lending apps: RBI received 13,000 complaints against banks, NBFCs
The grievances, filed under RBI's integrated ombudsman scheme of 2021 between April 2021 and Nov 2022, also cite harassment by recovery agents
Govt not to make RBI report on MPC's first-ever inflation failure public
MPC is said to have failed to achieve inflation target if average CPI inflation falls outside 2-6% range for three straight quarters. This was the case in the three quarters from Jan to Sept of 2022
