Page 30 - Latest Updates on Reserve Bank of India
Extending purview: RBI to regulate offline payment aggregators, too
Pinelabs, MSwipe, Ezetap, FSS, Hitachi payments, Worldline, etc. are some offline payment aggregators
 "Extending purview: RBI to regulate offline payment aggregators, too")
Inflation, external pressure priority over growth: Finance ministry
The MPC also cut its FY23 GDP growth forecast to 7 per cent from 7.2 per cent, with Governor Shaktikanta Das acknowledging that there were downside risks to economic growth
 "Inflation, external pressure priority over growth: Finance ministry")
System ready for tokenisation, says RBI deputy governor T Rabi Sankar
Roughly 350 million tokens have been created so far, Rabi Sankar said in the post-monetary policy press conference.
 "System ready for tokenisation, says RBI deputy governor T Rabi Sankar")
Six months on, crypto tax leading to siphoning of India's wealth: Experts
The crypto industry is largely unregulated in India, and the central government, along with the Reserve Bank of India (RBI), have repeatedly refused to make cryptocurrencies legal
 "Six months on, crypto tax leading to siphoning of India's wealth: Experts")
Action against M&M Financial Services won't affect other NBFCs: RBI
Experts had pointed out that in light of these directions against one entity, recovery activities of NBFC sector could get impacted as a majority of NBFCs rely on outsourced agents for loan recovery
 "Action against M&M Financial Services won't affect other NBFCs: RBI")
Currency movements not guiding factors for monetary policy: Shaktikanta Das
Reserve Bank of India Governor Shaktikanta Das on Friday said that currency movements are not the guiding factors for monetary policy decisions
 "Currency movements not guiding factors for monetary policy: Shaktikanta Das")
RBI expects current account deficit to come under 3% of GDP in FY23
The Reserve Bank expects the current account deficit to be under 3 per cent of GDP in FY23, Deputy Governor Michael Patra said on Friday
 "RBI expects current account deficit to come under 3% of GDP in FY23")
RBI policy projections: Sept inflation to hit five-month high of 7.6%
Central bank will have to write to government explaining the reasons of its failure to contain inflation up to 6%
 "RBI policy projections: Sept inflation to hit five-month high of 7.6%")
RBI Monetary Policy: Repo rate up by 50bps; here's how it will impact you
On Friday, RBI increased the repo rate by 50 basis points taking the key repo rate to 5.9%; here is why it should matter to you
 "RBI Monetary Policy: Repo rate up by 50bps; here's how it will impact you")
India's external debt rises 7.1% to $617 bn in June 2022: RBI data
India's external debt has risen by 7.1 per cent as it stood at $617.1 billion in June 2022, against $575.3 billion during the corresponding period of last year
 "India's external debt rises 7.1% to $617 bn in June 2022: RBI data")
India's current account deficit widens in April-June quarter: RBI
In absolute terms, the current account deficit (CAD) stood at $23.90 billion in the first quarter of fiscal year 2022/23, its highest since the December quarter of 2012
 "India's current account deficit widens in April-June quarter: RBI")
RBI policy review LIVE: Inflation forecast for FY23 remains unchanged
RBI Monetary Policy Live update: This would be the fourth hike in the policy repo rate by the Reserve Bank of India, which is currently at 5.4%
Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea
Stocks to Watch today: Hero MotoCorp said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles
 "Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea")
Banks increase interest rates on bulk deposits as liquidity tightens
Loan, deposit growth gap at 10-year high
 "Banks increase interest rates on bulk deposits as liquidity tightens")
Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps
Services exports, remittances show momentum in Q1
 "Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps")
Indian bond, equity markets decoupled; see 30% downside in Nifty50: CLSA
The decoupling of Indian equity markets, this year, from the global markets has been remarkable. While the S&P 500 has lost over 20 per cent in CY22 so far, the Nifty50 index is marginally in the red
 "Indian bond, equity markets decoupled; see 30% downside in Nifty50: CLSA")
Sensex and Nifty drop for seventh day running; FPIs pull out $2 billion
Benchmark indices crash 5.5% as FPIs yank out $2 billion
US economy, geopolitics: Factors that could roil markets next quarter
With the rupee weakening against the US dollar, a more hawkish pivot by RBI is expected
Industry prepared for potential disruptions as tokenisation nears
industry insiders say, the success rate of token-based transactions is higher, but inadequate testing of certain use-cases may result in some transactions not going through
 "Industry prepared for potential disruptions as tokenisation nears")
Rupee closes marginally higher against US dollar, RBI intervention seen
The rupee had opened higher at 81.61, but was not able to sustain the gains on dollar buying by foreign banks and oil companies
 "Rupee closes marginally higher against US dollar, RBI intervention seen")
