Page 5 - Latest Updates on Reserve Bank of India
Counting on RBI support, offshore investors build rupee crosses positions
The rupee will hold up better in an environment where the dollar is likely to receive support from the hawkish U.S. Federal Reserve, they said
 "Counting on RBI support, offshore investors build rupee crosses positions")
G20 nations must address challenges faced by global economy, says RBI Guv
RBI Governor Shaktikanta Das on Friday called upon G20 nations to resolutely address the challenges, like threats to financial stability and debt distress that confront the global economy.
 "G20 nations must address challenges faced by global economy, says RBI Guv")
Not sufficient emphasis on jobs in FY24 budget, Ex-RBI Governor Subbarao
Former RBI governor D Subbarao on Thursday said there was not 'sufficient emphasis' on jobs in the Budget for 2023-24 and it failed to grapple with the unemployment problem head on
 "Not sufficient emphasis on jobs in FY24 budget, Ex-RBI Governor Subbarao")
Sensex crashes over 900 points: Top 4 factors behind a wobbly Wednesday
Analysts believe that this down trend is a short-term gyration and investors' should use this dip to accumulate high quality growth stocks
 "Sensex crashes over 900 points: Top 4 factors behind a wobbly Wednesday")
Inbound travellers from G20 countries can now use UPI, says RBI
Even delegates from G20 countries would be able to avail this facility at various meeting venues
 "Inbound travellers from G20 countries can now use UPI, says RBI")
India, Singapore link systems for real-time cross-border fund transfers
The India-Singapore payment connection is part of the trend in Asia where instantaneous, cross-border fund transfers via mobile phones are happening
 "India, Singapore link systems for real-time cross-border fund transfers")
Banks request RBI to extend reporting time frame for loan related fraud
The framework mandates that banks report fraud to the RBI CRILC within a week of the joint lenders' forum (JLF) declaring an account fraudulent
 "Banks request RBI to extend reporting time frame for loan related fraud")
India, China to contribute more than half of global growth this year: IMF
IMF added that the central banks across Asia need to stay 'alert' as the core inflation is still high, and the re-opening of China's economy may push inflation up due to higher demand
 "India, China to contribute more than half of global growth this year: IMF")
Reserve Bank of India tightens norms for ARCs on income recognising fee
They will have to reduce unrealised management fees where the net asset value of the Security Receipts has fallen below 50 per cent of the face value
 "Reserve Bank of India tightens norms for ARCs on income recognising fee")
RBI will take required action to keep inflation in check: FM Sitharaman
In a recent report the RBI said that the retreat of inflation is expected to be stubborn and beset by supply shocks in the upcoming year
 "RBI will take required action to keep inflation in check: FM Sitharaman")
Indians spent nearly $10 billion on foreign travel in April-December
Before this, the highest spend on overseas travel in an entire financial year was $7 billion in 2019-20
 "Indians spent nearly $10 billion on foreign travel in April-December")
Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%
The Reserve Bank of India, which has raised borrowing costs six times since May to 6.50%, is seen increasing interest rates again in its April review amid inflation topping estimates
 "Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%")
Flows into NRI deposits up 76% to $5.4 billion in April-December
Outstanding amounts stable in December compared to November
 "Flows into NRI deposits up 76% to $5.4 billion in April-December")
Reserve Bank of India, IFSCA likely to frame fresh norms for GIFT City
The finance minister has announced ways to make regulations and clearances for GIFT City streamlined
 "Reserve Bank of India, IFSCA likely to frame fresh norms for GIFT City")
India's foreign exchange reserves post biggest weekly fall in 10 months
RBI likely sold dollars to shield rupee amid Fed hike concerns
 "India's foreign exchange reserves post biggest weekly fall in 10 months")
RBI net bought dollar in forex market for second month in December
From June to October, the central bank sold dollars every month
RBI appoints Vikramaditya Singh Khichi in advisory panel of Reliance Cap
Reserve Bank of India (RBI) on Friday appointed Vikramaditya Singh Khichi, former ED of Bank of Baroda, on a panel to advise the administrator of crisis-ridden Anil Ambani-promoted Reliance Capital
 "RBI appoints Vikramaditya Singh Khichi in advisory panel of Reliance Cap")
Bankers highly optimistic about credit demand across sectors: RBI survey
Bankers are "highly optimistic" about credit demand across all the main sectors in the short term, a RBI survey of lenders said on Friday
Year 2023 could witness milder slowdown at the global level, says RBI
The Reserve Bank of India (RBI) has predicted that 2023 would probably be characterised by a milder global slowdown than anticipated earlier, but added that the trajectory remains unpredictable
 "Year 2023 could witness milder slowdown at the global level, says RBI")
Budget's focus on capex to crowd-in pvt investment, push growth to 7%: RBI
The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7% in the next financial year beginning April 1, the article said
