Page 40 - Latest Updates on Reserve Bank of India
Rate hikes have not yet impacted car demand: Maruti Suzuki's top official
The hike in interest rates has not yet impacted demand for vehicles but the real picture will emerge once the semiconductor shortage issue is addressed, a senior official of Maruti Suzuki India said
 "Rate hikes have not yet impacted car demand: Maruti Suzuki's top official")
RBI's net forward book shrinks $34.94 bn in first 3 months of FY23
The multi-pronged defence of the rupee is behind the sharp fall in RBI's long forward position
 "RBI's net forward book shrinks $34.94 bn in first 3 months of FY23")
Indians remitted $6 bn in Q1FY23 under LRS scheme, shows RBI data
Spend on international travel accounts for 48% of total remittance
 "Indians remitted $6 bn in Q1FY23 under LRS scheme, shows RBI data")
Nowcasting the economy
Using new indicators can help policymaking
RBI moots 'tiered' charge on payments through UPI, seeks public feedback
The RBI has asked for feedback and suggestions before October 3
 "RBI moots 'tiered' charge on payments through UPI, seeks public feedback")
Should there be charges on UPI fund transfers?
Will you be comfortable paying for your daily UPI transactions? This is one of the many questions that the RBI has asked from the public as it wants to help make this digital ecosystem sustainable.
 "Should there be charges on UPI fund transfers?")
Central Bank of India likely to exit RBI PCA framework soon: Report
Central Bank of India, the only public sector lender under the RBI's prompt corrective action (PCA) framework, may see an exit from restrictions soon following an improvement in its financial health
 "Central Bank of India likely to exit RBI PCA framework soon: Report")
Foreign exchange reserves fall $2.24 bn to $570 bn; FCA dips to $506.9 bn
The country's foreign exchange reserves fell $2.238 billion to $570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data
 "Foreign exchange reserves fall $2.24 bn to $570 bn; FCA dips to $506.9 bn")
New 10-year bond pricing flags concern of inflation, say dealers
The latest bond coupon at 7.26 per cent is higher than expected
 "New 10-year bond pricing flags concern of inflation, say dealers")
MPC minutes suggest further repo rate hikes to tackle rising inflation
Sequence of policy measures is expected to anchor inflation expectations, said Das
 "MPC minutes suggest further repo rate hikes to tackle rising inflation")
Explained: What are RBI's new norms for digital lending in India?
Digital lending involves giving and recovering loans through web platforms or mobile apps. Here are the new regulations and why they have been introduced
 "Explained: What are RBI's new norms for digital lending in India?")
RBI report projects retail inflation within tolerance band by Q1FY24
Says persistent high inflation needs policy response
 "RBI report projects retail inflation within tolerance band by Q1FY24")
UPI charges may partially offset loss on credit card MDR: RBI paper
UPI charges may partially offset loss on credit card MDR
 "UPI charges may partially offset loss on credit card MDR: RBI paper")
Axis Bank hikes MCLR by 5 bps across tenors, follows other lenders
Banks change lending policy to keep up with monetary policy committee's raising repo rate
 "Axis Bank hikes MCLR by 5 bps across tenors, follows other lenders")
RBI steps in as rupee slides on corporate outflows; bond yields jump
Bond yields jump as traders lock in profits after speculative rally on Wednesday
 "RBI steps in as rupee slides on corporate outflows; bond yields jump")
The right price
Transaction costs must be reasonable
RBI turns net seller of US currency in June; sells $3.719 bn: Data
Reserve Bank of India turned net seller of the US currency in June after it sold $3.719 bn on a net basis, the central bank data showed
Top Headlines: India on digital services tax, RBI moots UPI payments charge
India and other developing countries under the G24 grouping have objected to the proposal of making sovereign commitments to not introduce any future digital services tax like equalisation levy
 "Top Headlines: India on digital services tax, RBI moots UPI payments charge")
Most economists see GDP growing at slower pace in Q1 than MPC projection
At the MPC's estimate of 16.2%, the economy would have grown 6.1% over the corresponding quarter of 2019-20
 "Most economists see GDP growing at slower pace in Q1 than MPC projection")
Should India go for bond issue to tap NRIs, other overseas investors?
The crucial issue is what should be the interest rate to attract overseas investors, mainly Indians to take part in it
 "Should India go for bond issue to tap NRIs, other overseas investors?")
