Page 31 - Latest Updates on Reserve Bank of India
RBI policy: How inflation, repo rate and demand are linked to each other
With the RBI MPC expected to announce its decision on Friday, we explain how inflation, repo rate and demand are linked to each other
 "RBI policy: How inflation, repo rate and demand are linked to each other")
Top Headlines: FinMin won't exhaust forex for rupee; govt extends PMGKAY
Amid fast-depleting forex reserves, the Finance Ministry signalled that it was not in favour of selling the dollar to defend any particular level of the rupee
 "Top Headlines: FinMin won't exhaust forex for rupee; govt extends PMGKAY")
RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps
The Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 24 of 35 economists surveyed by Bloomberg as of Wednesday.
 "RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps")
RBI unlikely to extend card tokenisation deadline despite merchants' demand
Despite a demand by smaller merchants to delay the compliance date, there has been no indication so far by the central bank that there is likely to be an extension in deadline
 "RBI unlikely to extend card tokenisation deadline despite merchants' demand")
Rupee at another low of 81.94 per dollar as US Fed talks up rate hikes
RBI may have sold more than $1 bln in FX mkt, prevented rupee from breaching 82/$1
 "Rupee at another low of 81.94 per dollar as US Fed talks up rate hikes")
NPCI sets Oct 31 as deadline to activate offline payments on RuPay cards
The move will breathe life into the RBI's January 3 framework which sought to give a fillip to offline payments and lead to the activation of the One Nation, One Card for on-the-go payments
 "NPCI sets Oct 31 as deadline to activate offline payments on RuPay cards")
Small savings rate may remain unchanged for Oct-Dec qtr despite RBI moves
If this happens, it will be the 10th straight quarter of status quo; govt official says Centre did not cut rates when policy rates were being cut during pandemic
 "Small savings rate may remain unchanged for Oct-Dec qtr despite RBI moves")
Share of industrial loans in bank credit on decline, personal loans up: RBI
The share of industrial loans in total credit has been gradually declining over the last decade while that of personal loans is on the rise, said RBI
 "Share of industrial loans in bank credit on decline, personal loans up: RBI")
RBI's rate setting panel starts deliberations; decision on Friday
The Reserve Bank's rate-setting panel started deliberations on the keenly awaited monetary policy amidst expectation of 50 basis points hike in interest rate to check inflation
RBI MPC: Experts see a 50 bps hike, pressure on the real estate sector
Costlier EMIs and the limited ability of banks to transmit the rate hikes to customers may lead to the real estate sector becoming among the worst impacted sectors
 "RBI MPC: Experts see a 50 bps hike, pressure on the real estate sector")
RBI policy: Here is how a repo rate hike can affect your finances
If RBI increases the repo rate, the cost of borrowing by banks also rises, which subsequently makes taking loans from banks costlier
Hawkish Fed may prompt Reserve Bank to deliver a 50-basis-point hike
The RBI's monetary policy committee (MPC) has already hiked the key policy rate by 140 bps since May to 5.4%
 "Hawkish Fed may prompt Reserve Bank to deliver a 50-basis-point hike")
Household savings in India dip to lowest in five year as inflation persists
As compared to 15.9 per cent in FY21, the gross financial savings of households in India stood at 10.8 per cent in FY22
 "Household savings in India dip to lowest in five year as inflation persists")
Active credit cards drop 2.3 million in August over new RBI norms
Spends decline 3% MoM but top Rs 1 trn for sixth consecutive month
 "Active credit cards drop 2.3 million in August over new RBI norms")
Enhance coverage of scheduled castes in all schemes: FM Nirmala Sitharaman
The FM was chairing the performance review of PSBs on credit and other welfare schemes for scheduled castes
 "Enhance coverage of scheduled castes in all schemes: FM Nirmala Sitharaman")
RBI's MPC to start 3-day meet on Wednesday, another rate hike likely
RBI's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation
Red signals for fintech industry: The valuations game of the past is over
RBI Governor Shaktikanta Das' traffic light imagery for the fintech industry has several implications
 "Red signals for fintech industry: The valuations game of the past is over")
RBI may need to tap old ways to boost forex reserves: Economists
"The central bank should intervene to ensure that a falling currency does not eclipse India's fundamentals," Abheek Barua, chief economist at HDFC Bank, wrote in a note this week
 "RBI may need to tap old ways to boost forex reserves: Economists")
RBI may need to reload reserves as rupee falls further: HDFC economist
The Reserve Bank of India may need to find ways to replenish its foreign exchange reserves such as encouraging non-resident Indians to deposit more funds, as it looks to stabilise a depreciating rupee
Reducing govt spending holds the key to fixing India's inflation worries
If the finance ministry wants private investment to revive, it must make things easy for it and resist the temptation to go on spending just because it can
