Page 25 - Latest Updates on Reserve Bank of India
Rising global risks: India will need policy space
Given the global economic outlook, the policy focus should be to first preserve financial stability and not take undue policy risks
Banks offer over 3-year high interest rate to raise funds through CDs
Call mkt rates at higher end of rate corridor as liquidity shrinks rapidly
 "Banks offer over 3-year high interest rate to raise funds through CDs")
RBI's 2013 playbook to rebuild forex reserves unlikely to work: Analysts
The FCNR deposits route might not be as effective this time around for reasons like a narrower US-IN rate spread and less aggressive rate hikes in this cycle versus back in 2013, says an analyst
 "RBI's 2013 playbook to rebuild forex reserves unlikely to work: Analysts")
RBI's currency intervention ends up hurting rupee carry trade: Analysts
The Reserve Bank of India's currency intervention is making the rupee less attractive for carry traders, analysts said.
 "RBI's currency intervention ends up hurting rupee carry trade: Analysts")
Axis Bank hikes MCLR by 25 bps, joining other lenders in policy action
Central bank's MPC has cumulatively increased the repo rate by 190 bps since May
 "Axis Bank hikes MCLR by 25 bps, joining other lenders in policy action")
RBI should pause rate hikes as growth fears loom: MPC member Varma
India's central bank should pause interest rate hikes, despite unacceptably high inflation, to avoid stalling a recovery in economic growth, monetary policy committee member Jayant Varma said
 "RBI should pause rate hikes as growth fears loom: MPC member Varma")
As RBI spreads out Fx interventions, forward premium hits 11-year lows
The central bank looks to protect headline reserves, deter offshore/onshore arbitrage on Rs with buy-sell swaps in forex market
 "As RBI spreads out Fx interventions, forward premium hits 11-year lows")
Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period
Outstanding NRI deposits declined to $134.68 billion at the end of August 2022 from $141.52 billion a year ago
Indians remitted $2.67 billion in August under LRS scheme, shows data
According to RBI data, in August, Indians remitted $467.52 million for overseas education, $330.70 million for maintenance of close relatives, and $221.31 million in gifts.
 "Indians remitted $2.67 billion in August under LRS scheme, shows data")
Can't expect inflation to drop faster by raising rates: Jayanth R Varma
I think we can bring inflation down to 5 per cent in a couple of quarters, says MPC member Varma
 "Can't expect inflation to drop faster by raising rates: Jayanth R Varma")
Bond yields ease as MPC minutes hint at slower interest rate hikes
1-year bond yield logs the sharpest fall in two-and-a-half months
 "Bond yields ease as MPC minutes hint at slower interest rate hikes")
Headline inflation might have peaked in September, says RBI report
Fight against price rise could be 'dogged and prolonged'
 "Headline inflation might have peaked in September, says RBI report")
Regulation of wellness vs wealth offers a contrasting picture
The regulators of wealth in India are empowered and autonomous, unlike the regulators of wellness, leading to very different outcomes in the two sectors
 "Regulation of wellness vs wealth offers a contrasting picture")
India needs dedicated wing to release Green GDP estimates, says RBI article
India needs to set up a dedicated wing in the environment ministry to release estimates of Green GDP periodically on a regular basis and create a user-friendly data dissemination platform
Rupee in narrow trading range as RBI's intervention reins in speculation
The Indian rupee on Monday held a narrow trading range once again as the Reserve Bank of India's likely intervention last week discourages speculators
Digital Banking Units to further augment digital infra, says RBI governor
The units will start will disbursing small ticket retail, MSME loans
 "Digital Banking Units to further augment digital infra, says RBI governor")
India's real rate shouldn't be more than 1%: MPC member Ashima Goyal
In a Q&A, she says interest differential with the US does not matter so much because India has caps on interest sensitive inflows. Overseas investment is a very low share of the country's debt market
 "India's real rate shouldn't be more than 1%: MPC member Ashima Goyal")
Fino Payments discussing SFB transition internally: MD & CEO Rishi Gupta
Transitioning from a business correspondent to a payments bank five years back, profit making Fino Payments Bank looks for a further upgrade to a small finance bank with internal discussions underway
 "Fino Payments discussing SFB transition internally: MD & CEO Rishi Gupta")
Aditya Birla Capital joins race to acquire life insurer Reliance Nippon
Reliance Capital holds 51 per cent stake in RNLIC and Nippon Life of Japan the rest
 "Aditya Birla Capital joins race to acquire life insurer Reliance Nippon")
Inflation will not come below RBI's tolerance level in FY23: IMF's Choueiri
India relative bright spot in the world; 6.8 per cent growth rate 'really a good number': Senior executive
 "Inflation will not come below RBI's tolerance level in FY23: IMF's Choueiri")
