Page 45 - Latest Updates on Reserve Bank of India
RBI may raise key policy rate by 25-35 bps to check inflation: Experts
Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by 25-35 basis points to check high retail inflation, experts said
 "RBI may raise key policy rate by 25-35 bps to check inflation: Experts")
HDFC Ltd net profit surges 22% YoY to Rs 3,668 crore in June quarter
It looks to raise $1.1 billion in external commercial borrowing
 "HDFC Ltd net profit surges 22% YoY to Rs 3,668 crore in June quarter")
Deadline for Srei resolution extended for third time, new date is Aug 10
RBI superseded group firms in October 2021 over governance concerns and payment defaults
 "Deadline for Srei resolution extended for third time, new date is Aug 10")
Top Headlines: Macy expenditure cut to hurt Indian IT cos, 5G auction Day 4
Macy's has informed its tech vendors of a 10-15 per cent cut in the IT budget for this year amid fears of a recession, a move that may hurt IT companies. Read more on this in our top headlines
 "Top Headlines: Macy expenditure cut to hurt Indian IT cos, 5G auction Day 4")
Card data storage: RBI relaxes rules for checkout on guest transactions
Sticks to Oct 1 deadline for card tokenisation; acquiring banks permitted to store card-on-file data until January
 "Card data storage: RBI relaxes rules for checkout on guest transactions")
Experts expect some inflation, CAD relief after US Fed hikes rates
MPC will be guided more by domestic inflation-growth dynamics than US central bank measures, they say
 "Experts expect some inflation, CAD relief after US Fed hikes rates")
RBI to hike rates by 0.35%-0.5% at Aug 5 review: Axis Bank chief economist
The Reserve Bank's rate setting panel will hike the key repo rate by 0.35-0.50 per cent at the next week's review meeting, Axis Bank chief economist Saugata Bhattacharya said on Thursday.
 "RBI to hike rates by 0.35%-0.5% at Aug 5 review: Axis Bank chief economist")
Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike
Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets
 "Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike")
Top Headlines: Centre's capex Q1 outlay, Fed hikes rates by 75 bps, & more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Centre's capex Q1 outlay, Fed hikes rates by 75 bps, & more")
IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage
Currently, the RBI guidelines require promoters to reduce their shareholding to 26 per cent in 15 years
 "IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage")
Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta
RBI needs to be fourth buyer in the bond market, says senior executive
 "Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta")
Banking liquidity surplus shrinks on RBI's defence of rupee
GST outflows have also pushed up interbank cost of funds
Trade settlement in rupee: Banks seek clarity on fund repatriation
Banks also raised the question to the RBI as to why the surplus balances in Vostro accounts could only be invested in government securities and not corporate debt
 "Trade settlement in rupee: Banks seek clarity on fund repatriation")
RBI to go for 35 bps hike at next week's monetary policy meeting: Report
The Reserve Bank of India's rate-setting panel will go for a 0.35 per cent hike in the key repo rate at its meeting next week, an American brokerage said on Wednesday.
RBI MPC preview: Das and Co may hike repo rate by 25-50 bps in August
If the inflation remains above 6% on average for the next three months, the RBI will have to explain to the govt in writing the reasons for its failure to keep the rate of price rise in check
 "RBI MPC preview: Das and Co may hike repo rate by 25-50 bps in August")
US Fed rate hike will intensify market risks for Asia's central banks
The expected 75-basis-points interest rate increase from the Federal Reserve this week will heap pressure on its Asian counterparts to speed up monetary tightening
 "US Fed rate hike will intensify market risks for Asia's central banks")
Mastercard enables 200,000 merchants for card-on-file tokenisation
Mastercard said it worked with 45,000 merchants, 34 issuing banks, 10 acquiring banks, and 30-plus token requestors (including all major payment aggregators) to create 90 million tokens
 "Mastercard enables 200,000 merchants for card-on-file tokenisation")
MPC likely to raise repo rate significantly in upcoming meetings: S&P
Says there is significant slack in the economy, as GDP is far below estimates of pre-Covid trajectory of potential output
 "MPC likely to raise repo rate significantly in upcoming meetings: S&P")
After falling to record lows, rupee regains footing against US dollar
RBI's interventions and a less hawkish view on US Federal Reserve among factors that help currency
 "After falling to record lows, rupee regains footing against US dollar")
Understanding Positive Pay System necessary to encash cheques from August 1
Several banks including BoB and SBI have issued notifications asking customers to register under PPS before August 1 to encash high-value cheques
 "Understanding Positive Pay System necessary to encash cheques from August 1")
