Page 24 - Latest Updates on Reserve Bank of India
'Lakshmi-Ganesh on rupee': Can Centre change the look of Indian banknotes?
Any decision related to the changes that are made in the design and form of bank notes and coins are governed by the Reserve Bank of India (RBI) and the central government
 "'Lakshmi-Ganesh on rupee': Can Centre change the look of Indian banknotes?")
Rupee trade with few nations may start, internationalisation will take time
Negotiations are on with Russia, Cuba and Sudan among others to do so. Officials are hopeful that Saudi Arabia, UAE and Luxembourg would also come on board
 "Rupee trade with few nations may start, internationalisation will take time")
Top Headlines: RBI's liquidity infusion; Google fined Rs 936 crore by CCI
The RBI on October 21 injected the largest amount of funds into the banking system in three and a half years, indicating that surplus cash with banks is drying up at an accelerated pace
 "Top Headlines: RBI's liquidity infusion; Google fined Rs 936 crore by CCI")
RBI's liquidity infusion largest since April 2019 as surplus cash dries up
Lack of repo suggests RBI tolerance of higher money mkt rates: Analysts
 "RBI's liquidity infusion largest since April 2019 as surplus cash dries up")
Rupee trade with few nations may start, internationalisation will take time
Rupee trade with few nations may start, internationalisation will take time
 "Rupee trade with few nations may start, internationalisation will take time")
RBI optimistic on the state of economy
Bank credit is increasing by double digits and the sustained surge in goods and service tax collections is signalling growing formalisation of the economy
Q2 scorecard: Banks' loan growth outpaces deposits by a huge margin
Banks walk the extra mile to woo depositors
 "Q2 scorecard: Banks' loan growth outpaces deposits by a huge margin")
Andhra, Telangana, Punjab frequently use RBI's short-term liquidity windows
Andhra, Telangana, Rajasthan and Punjab are repeatedly using the Reserve Bank's special short-term liquidity windows instead of market borrowings, indicating their serious cash imbalances, says report
India's foreign exchange reserves at lowest level since July 2020
The fall in foreign exchange reserves was primarily on account of a decline in the RBI's foreign currency assets that fell $2.8 billion on-week to $468.87 billion
 "India's foreign exchange reserves at lowest level since July 2020")
RBI lifts ban on new branches by Tamilnad Mercantile Bank
At present, the bank has 509 branches -- 106 rural, 247 semi-urban, 80 urban and 76 in metropolitan
 "RBI lifts ban on new branches by Tamilnad Mercantile Bank")
Banks' loans rose 17.9% in two weeks to Oct 7, deposit up 9.6%: RBI data
Indian banks' loans rose 17.9% in the two weeks to Oct. 7 from a year earlier, while deposits rose 9.6%, the Reserve Bank of India's weekly statistical supplement showed on Friday
 "Banks' loans rose 17.9% in two weeks to Oct 7, deposit up 9.6%: RBI data")
RBI should focus on softening core inflation: MPC's Shashanka Bhide
"As far as monetary policy is concerned, moderation in the core inflation should be the priority," Shashanka Bhide, an external member of the Reserve Bank of India's monetary policy committee, said
 "RBI should focus on softening core inflation: MPC's Shashanka Bhide")
RBI intervenes to claw rupee back from fresh intraday low vs dollar
Central bank may have sold around $1 billion in Fx market on Thursday
 "RBI intervenes to claw rupee back from fresh intraday low vs dollar")
Two years on, Sebi's sandbox initiative yet to find its feet
Most applications have either been withdrawn or stand rejected
 "Two years on, Sebi's sandbox initiative yet to find its feet")
Rupee at fresh low as Fed rate hike fears intensify, dollar strengthens
RBI not yet seen intervening heavily for the rupee, expected to step in around 83.40/$1 mark
 "Rupee at fresh low as Fed rate hike fears intensify, dollar strengthens")
India's economic growth outlook stagnates, stuck in lower gear: Report
India's economy will grow well below its potential over the next two years, with inflation staying above the mid-point of the RBI's tolerance band, according to a Reuters poll
 "India's economic growth outlook stagnates, stuck in lower gear: Report")
Administrator seeks RBI nod to restructure Reliance Capital into four CICs
Will help bidders for its insurance business to avoid Irdai's 5-year lock-in
 "Administrator seeks RBI nod to restructure Reliance Capital into four CICs")
Global economy facing disruptions, India can't be decoupled: Rakesh Mohan
Country has to tailor its actions in response to international crises, says economist and former deputy governor of RBI
 "Global economy facing disruptions, India can't be decoupled: Rakesh Mohan")
Rupee declines 0.8%, closes at fresh all-time low of 83 vs US dollar
Analysts say RBI is allowing the depreciation amid wider CAD and higher US interest rates
Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal
RBI MPC member Ashima Goyal said that the efforts of the Reserve Bank to contain price rise by increasing interest rates will help in containing inflation, which is likely to fall below 6 next year
 "Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal")
