Page 18 - Latest Updates on Reserve Bank of India
Hike interest rates by 25-35 basis points in Dec: Economists to RBI
The meeting was held ahead of the RBI's next monetary policy review, which is scheduled December 5-7
 "Hike interest rates by 25-35 basis points in Dec: Economists to RBI")
RBI's Housing Price index up 4.5% in Q2, Kochi tops chart with 11.5% rise
Four of the 10 cities in the index recorded sequential contraction, the others posted expansion
 "RBI's Housing Price index up 4.5% in Q2, Kochi tops chart with 11.5% rise")
Selecting a target maturity fund based on your horizon and risk appetite
Constitution of underlying indexes doesn't matter since all the three categories of bonds they invest in are safe
 "Selecting a target maturity fund based on your horizon and risk appetite")
RBI permits banks to open 12 special vostro accounts for trade in rupees
So far, not a single overseas trade transaction directly involving the rupee has taken place
 "RBI permits banks to open 12 special vostro accounts for trade in rupees")
RBI, UAE central bank discuss mechanism to trade in local currencies
Negotiations between India-GCC FTA expected in Jan-March quarter
 "RBI, UAE central bank discuss mechanism to trade in local currencies")
HDFC Bank awaiting RBI reply on subsidiary stake forbearance: Parekh
According to HDFC's latest annual report, the mortgage lender has over 10 subsidiaries, including HDFC Life Insurance, HDFC Ergo General Insurance, and HDFC Asset Management
 "HDFC Bank awaiting RBI reply on subsidiary stake forbearance: Parekh")
FM Sitharaman seeks to shrink budget deficit as global headwinds loom
A longstanding plan aims to shrink the shortfall to below 4.5% of GDP by 2025-26
 "FM Sitharaman seeks to shrink budget deficit as global headwinds loom")
RBI MPC blames global factors for high inflation in letter to Centre
The war in Ukraine and resultant spurts in energy and food costs, and supply disruptions caused by the pandemic are among main reasons cited by RBI for high inflation
 "RBI MPC blames global factors for high inflation in letter to Centre")
Central banks battling inequality? West might be catching up with India
A paper asks whether central banks should care about inequality. In India, the RBI has been doing it for decades
HDFC Bank elevates Bharucha as Deputy MD, appoints Zaveri as ED
Decision comes ahead of merger; RBI had halted move ahead of Aditya Puri's retirement
 "HDFC Bank elevates Bharucha as Deputy MD, appoints Zaveri as ED")
Retail inflation likely to ease in coming months: Finance ministry
The MER, however, warned that the global macroeconomic situation remained precarious and a recession in many advanced economies would impact India's exports
 "Retail inflation likely to ease in coming months: Finance ministry")
We should see core inflation dipping: RBI MPC member Ashima Goyal
Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices
 "We should see core inflation dipping: RBI MPC member Ashima Goyal")
Monetary policy faces severe information constraints: RBI DG Patra
The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra
 "Monetary policy faces severe information constraints: RBI DG Patra")
Installed power capacity in India doubled in last 10 years: RBI Data
Maharashtra has the highest installed capacity of power of 43,466 MW followed by 42,208 in Gujarat, RBI's 'Handbook Of Statistics On Indian States' showed
 "Installed power capacity in India doubled in last 10 years: RBI Data")
Interest subvention on KCC crop loan to continue in FY23, FY24: RBI
The government of India has approved the continuation of the Interest Subvention Scheme (ISS) with modification for the financial years 2022-23 and 2023-24, RBI said
 "Interest subvention on KCC crop loan to continue in FY23, FY24: RBI")
GSTN now part of AA network to facilitate cash flow lending to MSMEs: RBI
The AA network had been in discussion with the GSTN network for their onboarding for a long time as this would give financial institutions access to data regarding small businesses
 "GSTN now part of AA network to facilitate cash flow lending to MSMEs: RBI")
Banks' overnight SDF balances eligible for LCR computation: RBI
Circular embraces all commercial banks, leaves out local area banks, RRBs and payments banks
 "Banks' overnight SDF balances eligible for LCR computation: RBI")
GDP growth may have beaten MPC estimate of 6.3% in Q2, say most economists
The GDP numbers for the second quarter of the current financial year are scheduled to be out by this month end
 "GDP growth may have beaten MPC estimate of 6.3% in Q2, say most economists")
Top Headlines: Oz parliament okays FTA with India, RBI rate hike & more
The Australian Parliament on Monday ratified the Economic Cooperation and Trade Agreement (ECTA) with India, paving the way for implementing the deal as early as January 1, 2023
 "Top Headlines: Oz parliament okays FTA with India, RBI rate hike & more")
Key indicator suggests RBI may go for another 35 bps rate hike before pause
The expectation of the RBI's rate hike cycle ending after December is further elucidated by a rare occurrence -- an inversion in the swap curve
 "Key indicator suggests RBI may go for another 35 bps rate hike before pause")
