Page 122 - Latest Updates on Reserve Bank of India
RBI may continue to hold rate amid concern over inflation: Experts
The RBI Governor-headed six-member Monetary Policy Committee's (MPC) meeting is scheduled on August 8-10. The policy decision will be announced on August 10 by Governor Shaktikanta Das
 "RBI may continue to hold rate amid concern over inflation: Experts")
Markets to focus on Q1 earnings, RBI interest rate this week: Analysts
Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, they added
 "Markets to focus on Q1 earnings, RBI interest rate this week: Analysts")
US inflation data may offer some comfort to the Fed, CPI may rise 0.2%
Compared with a year earlier, the Labor Department's underlying gauge is forecast to rise 4.8 per cent, according to the median projection in a Bloomberg survey of economists
 "US inflation data may offer some comfort to the Fed, CPI may rise 0.2%")
Firm demand at auction weighs on yield of on-the-run government bonds
On Friday, the yield on the benchmark 10-year government bond dropped to 7.19 per cent from 7.20 per cent on Thursday
 "Firm demand at auction weighs on yield of on-the-run government bonds")
RBI intervention to keep rupee in tight range, analysts say: Poll
Expected volatility in the rupee over the next three months was at its lowest in two decades as the Indian central bank continued to buy dollars, adding to its FX reserves of over $600 billion
 "RBI intervention to keep rupee in tight range, analysts say: Poll")
Cut-off yield on 364-day Treasury bill up 7 bps as traders resist to invest
The Reserve Bank of India has fixed the cut off yield on the 91-day, 182-day, and 364-day T-bill at 6.72 per cent, 6.87 per cent, and 6.93 per cent, respectively
 "Cut-off yield on 364-day Treasury bill up 7 bps as traders resist to invest")
Bond auction: 9 states borrow Rs 19,500 cr; Tamil Nadu tops the list
The Reserve Bank of India (RBI) data showed that Tamil Nadu raised the highest amount of Rs 4,000 crore through two bonds
88% of Rs 2,000 banknotes returned to banks by July-end, says RBI
The total value of Rs 2000 banknotes in circulation amounted to Rs 3.62 trillion in March 31, 2023
 "88% of Rs 2,000 banknotes returned to banks by July-end, says RBI")
RBI tells banks it is ready, able to manage Russian fund outflows
Amid Western sanctions that restrict Russia's use of the US dollar for trade, India paid in other currencies, including the dirham, yuan and rupee, which local banks hold in special accounts
 "RBI tells banks it is ready, able to manage Russian fund outflows")
Credit cards in force hit new high in June; spends decline over May
HDFC Bank maintained its leadership position with 18.35 million cards, followed by SBI Card at 17.34 million, ICICI Bank at 14.8 million, and Axis Bank at 12.5 million
 "Credit cards in force hit new high in June; spends decline over May")
Services, retail demand keeps credit offtake robust in June: RBI data
Reserve Bank of India (RBI) data showed the services sector clocked a pace of 26.7 per cent in June against 12.8 per cent a year ago
 "Services, retail demand keeps credit offtake robust in June: RBI data")
M&M takes stake in RBL Bank: What are RBI rules on ownership in pvt banks?
RBI has outlined that banks are 'special' entities as they not only accept and deploy a substantial amount of uncollateralised public funds in a fiduciary capacity but also lend this money
 "M&M takes stake in RBL Bank: What are RBI rules on ownership in pvt banks?")
77% of Rs 2,000 notes returned by users to banks as of June 30: FinMin
The number of Rs 2,000 notes in circulation fell to 418 million in volume terms on June 30, from 1.77 billion on May 19, the ministry said
 "77% of Rs 2,000 notes returned by users to banks as of June 30: FinMin")
RBI likely to maintain status-quo on key interest rates, say experts
The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent
Demand at Rs 33K crore weekly govt bond auction softer than expected
New 10-year bond expected next week
 "Demand at Rs 33K crore weekly govt bond auction softer than expected")
Reserve Bank of India's digital payment index rises to 359.57 in March
The RBI-DPI has been constructed with March 2018 as the base period, i.e. DPI score for March 2018 is set at 100
 "Reserve Bank of India's digital payment index rises to 359.57 in March")
India's forex kitty swells to $609 billion, rises to nearly 16-month high
The total reserves rose by $36 billion on a year-on-year (YOY) basis. In the first six months of 2023, foreign exchange reserves have increased by around $33 billion
 "India's forex kitty swells to $609 billion, rises to nearly 16-month high")
RBI to banks: Report all digital frauds not just those above Rs 1 lakh
The rising volumes of UPI transactions and related frauds have emerged as a major challenge for the banks
 "RBI to banks: Report all digital frauds not just those above Rs 1 lakh")
Aware of concerns of visually impaired, issuing banknotes huge task: RBI
The central bank pointed out that the expenditure that would be incurred in introducing a new series of currencies would be high
RBI continues dollar-buying spree, accumulates $16 billion since Feb
Central bank purchased $7.7 bn in April, the most in two years, and $7.37 bn in May