Page 15 - Latest Updates on Reserve Bank of India
MPC ups inflation projection for Q3 and Q4, keeps it at 6.7% for full FY23
Panel cuts economic growth forecast by 20 bps to 6.8% for the year; Q3 lowered by 20 bps and Q4 by 40 bps
 "MPC ups inflation projection for Q3 and Q4, keeps it at 6.7% for full FY23")
RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%
RBI governor Shaktikanta Das emphasises concerns on core inflation, says overall price momentum high
 "RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%")
RBI Monetary Policy: Expect 35 bps repo rate hike tomorrow, say experts
RBI Policy: After an initial rate hike of 40 basis points on May 4, the RBI has hiked the repo rate by 50 basis points thrice, on June 8, August 5 and September 30
 "RBI Monetary Policy: Expect 35 bps repo rate hike tomorrow, say experts")
Top Headlines: Vi's fundraising on hold, trade settlement in rupee & more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Vi's fundraising on hold, trade settlement in rupee & more")
Rupee at over 1-month low on renewed Federal Reserve rate hike fears
Indian currency underperforms EM peers; analysts cite shrinking forward premia, widening CAD
 "Rupee at over 1-month low on renewed Federal Reserve rate hike fears")
Trade settlement in rupee: Govt, RBI devise country-specific plan
To start with, a small number of banks will be allowed to manage cross-border transactions in domestic currency with a particular country
 "Trade settlement in rupee: Govt, RBI devise country-specific plan")
Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly
Wholesale segment averages Rs 325 crore per day in November
 "Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly")
CBDC versus the rest: Can RBI's digital currency replace physical cash?
The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them
 "CBDC versus the rest: Can RBI's digital currency replace physical cash?")
Govt clarifies foreign funds can own over 51% stake in IDBI Bank
This comes ahead of the December 16 deadline for potential bidders to submit EoIs for picking up majority stake in the private sector lender
 "Govt clarifies foreign funds can own over 51% stake in IDBI Bank")
Cooling prices give Reserve Bank of India space to slow interest-rate hikes
Das will announce the rate decision through a webcast at 10 am in Mumbai on Wednesday, and will address a press conference at 12 pm.
GSTN in AA network: Operational costs of banks expected to come down
GSTN is expected to go live on AA network in late January or early February, people aware of the development say
 "GSTN in AA network: Operational costs of banks expected to come down")
Delhi HC seeks RBI response on implementation of Uniform Banking Code
Court also asks Centre to file a reply in the case in six weeks; next hearing on March 20
 "Delhi HC seeks RBI response on implementation of Uniform Banking Code")
Will RBI devise rules to regulate public sector banks amid rising scams
This has obviously made things lopsided when it comes to governance of Indian banks. For instance the Reserve Bank of India can issue guidelines to private banks or foreign banks, but not to the PSBs
RBI's MPC starts deliberations amid expectations of moderate rate hike
The Reserve Bank's rate-setting panel on Monday started brainstorming for the next round of monetary policy amid expectations of a moderate interest rate hike of 25-35 basis points
 "RBI's MPC starts deliberations amid expectations of moderate rate hike")
Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far
Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets
 "Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far")
A 35-basis-point rate increase could be par for the course
This will take the policy rate to 6.25% and the RBI can continue with an open-ended statement, refraining from sounding dovish
Don't take foot off pedal
RBI should note that inflation still menaces the economy
 "Don't take foot off pedal")
In King Cash's castle: Businesses in disarray, RBI to take a closer look
The CLA has submitted a "confidential update" to the banking regulator, which has also set up an internal committee to monitor developments
RBI likely to moderate rate tightening amid retail inflation, say experts
According to experts, after three consecutive 50 basis point rate hikes, the RBI may decide to reduce the rate increase by 25 to 35 basis points for lending rates
Saw many threats from crypto; CBDC was the way forward: RBI DG Sankar
Implementing NPCI volume-cap right now may have caused friction in UPI
 "Saw many threats from crypto; CBDC was the way forward: RBI DG Sankar")
