Page 104 - Latest Updates on Reserve Bank of India
RBI's decision will support growth and check inflation, say experts
The Reserve Bank will announce the next bi-monthly monetary policy on December 8
 "RBI's decision will support growth and check inflation, say experts")
RBI MPC LIVE: Original aim of Rs 2000 note withdrawal largely met, says Das
RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here
 "RBI MPC LIVE: Original aim of Rs 2000 note withdrawal largely met, says Das")
RBI MPC: When and where to watch policy announcement by Shaktikanta Das
Experts have said that RBI is likely to keep the repo rate unchanged at 6.5 per cent in view of elevated inflation and other global factors
 "RBI MPC: When and where to watch policy announcement by Shaktikanta Das")
It's time RBI became data-dependent: PNB Gilts MD & CEO Vikas Goel
'A lot would depend on the RBI and liquidity. There is a glide path for yields now'
 "It's time RBI became data-dependent: PNB Gilts MD & CEO Vikas Goel")
India market levels show effective rate has risen; RBI meeting in focus
The Reserve Bank of India, in its policy meeting in August, mandated that banks maintain an incremental cash reserve ratio of 10 per cent on some deposits
Indian rupee to trade in tight range as RBI keeps intervening: Poll
Still, the rupee has been trading close to its record low of 83.29 to the dollar as traders bet against Asian currencies
 "Indian rupee to trade in tight range as RBI keeps intervening: Poll")
RBI's MPC likely to hold rates amid persisting inflation, say experts
All 38 economists in a Bloomberg survey expect the Reserve Bank of India's six-member monetary policy committee to keep the repurchase rate unchanged at 6.5 per cent for a fourth straight time
 "RBI's MPC likely to hold rates amid persisting inflation, say experts")
Muneesh Kapur appointed as RBI's executive director, takes charge Oct 3
He also worked as the Adviser to the Executive Director at the International Monetary Fund from 2012 to 2015
 "Muneesh Kapur appointed as RBI's executive director, takes charge Oct 3")
With dollar sales, RBI prevents rupee from hitting all time low: Report
Equity sell-off continues; domestic 10-yr g-sec yield flat
 "With dollar sales, RBI prevents rupee from hitting all time low: Report")
A 'Slice' of lifeline: Fintech firm to infuse capital in North East SFB
To merge Fintech for capital infusion in the bank, lower promoter stake
 "A 'Slice' of lifeline: Fintech firm to infuse capital in North East SFB")
Inflation risks
Supply-side issues will complicate policy choices
 "Inflation risks")
RBI forms external working group on expected credit loss framework
The group's mandate includes outlining the principles banks must follow when creating credit risk models for evaluating and quantifying expected credit losses
 "RBI forms external working group on expected credit loss framework")
RBI expected to hold rates steady on Friday but striking hawkish tone
Annual retail inflation in August was 6.83%, easing from 7.44% in July -- a 15-month high -- but remained well above the central bank's 2%-6% comfort band
CD issuances in September surged to FY24 high amid tight liquidity
The deficit liquidity neared Rs 1.47 trillion on 19 September, the highest since 29 January 2020, when the banking system liquidity deficit went up to Rs 3 trillion
 "CD issuances in September surged to FY24 high amid tight liquidity")
India's election-year challenge
Fiscal consolidation must take precedence in the upcoming Budget, even if it's an interim one
 "India's election-year challenge")
Retaining retail inflation at 4% an unaccomplished dream since 2019-20
The target was achieved in the first two and a half years of implementing inflation targeting in Oct 2016, but the inflation rate remained above the goal
 "Retaining retail inflation at 4% an unaccomplished dream since 2019-20")
A first in 10 yrs: Currency flow drops in H1 due to Rs 2k note withdrawal
The CIC on March 31, 2023, was Rs 33.78 trillion, which fell to Rs 33.01 trillion on September 22 -- a difference of about Rs 76,658 crore
 "A first in 10 yrs: Currency flow drops in H1 due to Rs 2k note withdrawal")
MPC in no rush to change benchmark rate, stance: Business Standard poll
Some expect upward revision in FY24 inflation forecast
 "MPC in no rush to change benchmark rate, stance: Business Standard poll")
RBI extends last date for exchanging Rs 2,000 bank notes to Oct 7
RBI says 96% of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned
 "RBI extends last date for exchanging Rs 2,000 bank notes to Oct 7")
Banks to continue accepting Rs 2,000 note till October 7, says RBI
From October 8 only RBI Issue Offices to accept the notes
 "Banks to continue accepting Rs 2,000 note till October 7, says RBI")