Page 49 - Latest Updates on Reserve Bank of India
Pointed attack on inflation to continue, says FM Nirmala Sitharaman
The finance minister also foresees monsoon being favourable for agriculture. Production is expected to be good and rural demand is seen remaining intact
 "Pointed attack on inflation to continue, says FM Nirmala Sitharaman")
Taper tantrum playbook key for RBI as rupee continues slide to record lows
The rupee has declined almost 7% this year, bringing back memories of the selloff nearly a decade ago, when fiscal and current account deficits also widened
 "Taper tantrum playbook key for RBI as rupee continues slide to record lows")
Economists see waning urgency for India's RBI to go for large hikes
Citigroup Inc. economists expect a 35 basis-point increase in borrowing costs at the Reserve Bank of India's next Monetary Policy Committee meeting in August, a move also predicted by Barclays Plc
 "Economists see waning urgency for India's RBI to go for large hikes")
Top Headlines: Rupee settlement plan, eating out to get pricier, and more
The share of developed market currencies in India's trade has only been going up in recent decades. The share is up around 30 percentage points since the early 1990s. Read more in our top headlines
 "Top Headlines: Rupee settlement plan, eating out to get pricier, and more")
RBI governor Shaktikanta Das says will ensure orderly movement in rupee
India's currency has been on a downward spiral, falling 6.6% this year, as fears of a global recession and deteriorating external balances fuel outflows
 "RBI governor Shaktikanta Das says will ensure orderly movement in rupee")
RBI fines Ola Financial Services Rs 1.67 cr for not following directions
Ola Financial Services was found to be non-compliant with the directions issued by RBI on KYC requirements
 "RBI fines Ola Financial Services Rs 1.67 cr for not following directions")
Asian countries in talks for settling trade in domestic currencies
Countries to accept trading partners' currency; move aimed at reducing dollar dependence
 "Asian countries in talks for settling trade in domestic currencies")
Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data
Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback
 "Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data")
A makeover for North Block
The Indian economy faces tough challenges, but the pressure today is more on Mint Road
 "A makeover for North Block")
Trading gains
Rupee settlement will increase flexibility
Pointed attack on inflation will need to continue, says FM Sitharaman
Her remarks came hours after official data showed that retail inflation in June stood at 7.01%. The print was lower than 7.04% recorded in May but still higher than RBI's comfort level of 6%.
 "Pointed attack on inflation will need to continue, says FM Sitharaman")
Top headlines: Retail inflation eases to 7.01% in June; May IIP grows 19.6%
Industrial production growth zoomed to 19.6% in May, as per the National Statistical Office (NSO) data.
 "Top headlines: Retail inflation eases to 7.01% in June; May IIP grows 19.6%")
Ahead of inflation data, understanding how CPI is linked to RBI and markets
The Reserve Bank of India (RBI) hiked the benchmark interest rate, or repo rate, in May and then in June to control demand and liquidity in the economy, bringing CPI down
 "Ahead of inflation data, understanding how CPI is linked to RBI and markets")
RBI approves Meena Hemchandra as part-time chairman of Karur Vysya Bank
Private sector lender Karur Vysya Bank on Tuesday said the Reserve Bank of India (RBI) has approved the appointment of former RBI executive Meena Hemchandra as part-time chairman of the bank
 "RBI approves Meena Hemchandra as part-time chairman of Karur Vysya Bank")
Neighbours, Russia can help convert 16.38% of India's trade into rupees
The rupee's use in trade settlement would help the RBI in conserving foreign exchange. India's forex reserves have fallen by more than Rs 1 trillion since the outbreak of the Russia-Ukraine war
 "Neighbours, Russia can help convert 16.38% of India's trade into rupees")
Rupee at record low as US dollar surges globally, domestic markets fall
Fears of a global recession weigh on the unit despite RBI measures to boost dollar inflow
 "Rupee at record low as US dollar surges globally, domestic markets fall")
India's high inflation to stick for longer, rates to rise more: Poll
One of the later entrants in the current round of global monetary policy tightening, the Reserve Bank of India raised its repo rate by a total of 90 basis points in May and June
 "India's high inflation to stick for longer, rates to rise more: Poll")
How data privacy, Razorpay became victims of Alt News vs Delhi Police fight
Alt News received money "through Razorpay from Pakistan, Syria, Australia, Singapore, and the UAE, which all require further investigation," a public prosecutor said
 "How data privacy, Razorpay became victims of Alt News vs Delhi Police fight")
RBI allows settlement in rupee to settle trade with Russia, Sri Lanka
Move aimed to facilitate trade with Russia, Sri Lanka
 "RBI allows settlement in rupee to settle trade with Russia, Sri Lanka")
India's retail inflation likely held steady just above 7% in June: Poll
The July 4-8 Reuters poll of 42 economists showed inflation as measured by the consumer price index (CPI) was steady at an annual 7.03% in June, versus 7.04% in May
 "India's retail inflation likely held steady just above 7% in June: Poll")
