Page 146 - Latest Updates on Reserve Bank of India
Little scope for RBI to take its foot off the gas
The RBI need not match the Fed one-to-one but there seems little scope to take its foot off the gas
RBI restores pre-pandemic trading hours for some money market segments
Changes effective Dec 12; RBI had shortened market hours for all segments in April 2020
 "RBI restores pre-pandemic trading hours for some money market segments")
Banks should not ask for verification at branch level if e-KYC done: RBI
RBI said banks should not ask for verifications/updates at the branch level in case a customer has done e-KYC or those who have completed the KYC (know-your-customer) process on C-KYC portal
 "Banks should not ask for verification at branch level if e-KYC done: RBI")
Digital currency like cash, no need for lack of privacy fears: RBI Guv
RBI has decided to enhance the mandates of United Payment Interface, expand the scope of BBPS and ensure privacy of people in the case of digital currency transactions, said Governor Shaktikanta Das
 "Digital currency like cash, no need for lack of privacy fears: RBI Guv")
Agriculture sector remains resilient; Rabi sowing off to strong start: RBI
Reserve Bank Governor Shaktikanta Das on Wednesday said the agriculture sector remains resilient, and the rabi sowing has got off to a strong start
 "Agriculture sector remains resilient; Rabi sowing off to strong start: RBI")
RBI MPC: Here is what experts have to say about the policy announcement
Despite some signs of moderation, RBI Governor Shaktikanta Das said the main risk was that inflation would remain sticky and elevated
 "RBI MPC: Here is what experts have to say about the policy announcement")
RBI MPC: How central bank's stance on GDP, inflation changed in 2022
The RBI MPC cut down the Gross Domestic Product (GDP) growth projection for FY23 from 7 per cent in the September announcement to 6.8 per cent
 "RBI MPC: How central bank's stance on GDP, inflation changed in 2022")
Other countries should trust credibility of Indian regulations: RBI Guv Das
The India of today is different from what it was earlier and regulators of other countries should trust the credibility of Indian regulations, Reserve Bank of India Governor Shaktikanta Das said
SC directs Centre, RBI to produce records relating to 2016 demonetisation
The top court directed the parties to file written submissions by December 10
 "SC directs Centre, RBI to produce records relating to 2016 demonetisation")
RBI MPC meet LIVE: No difference between paper currency and CBDC, says Das
Catch all the latest updates on the RBI's bi-monthly monetary policy announcement today
 "RBI MPC meet LIVE: No difference between paper currency and CBDC, says Das")
MPC ups inflation projection for Q3 and Q4, keeps it at 6.7% for full FY23
Panel cuts economic growth forecast by 20 bps to 6.8% for the year; Q3 lowered by 20 bps and Q4 by 40 bps
 "MPC ups inflation projection for Q3 and Q4, keeps it at 6.7% for full FY23")
RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%
RBI governor Shaktikanta Das emphasises concerns on core inflation, says overall price momentum high
 "RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%")
RBI Monetary Policy: Expect 35 bps repo rate hike tomorrow, say experts
RBI Policy: After an initial rate hike of 40 basis points on May 4, the RBI has hiked the repo rate by 50 basis points thrice, on June 8, August 5 and September 30
Top Headlines: Vi's fundraising on hold, trade settlement in rupee & more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Vi's fundraising on hold, trade settlement in rupee & more")
Rupee at over 1-month low on renewed Federal Reserve rate hike fears
Indian currency underperforms EM peers; analysts cite shrinking forward premia, widening CAD
 "Rupee at over 1-month low on renewed Federal Reserve rate hike fears")
Trade settlement in rupee: Govt, RBI devise country-specific plan
To start with, a small number of banks will be allowed to manage cross-border transactions in domestic currency with a particular country
 "Trade settlement in rupee: Govt, RBI devise country-specific plan")
Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly
Wholesale segment averages Rs 325 crore per day in November
 "Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly")
CBDC versus the rest: Can RBI's digital currency replace physical cash?
The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them
 "CBDC versus the rest: Can RBI's digital currency replace physical cash?")
Govt clarifies foreign funds can own over 51% stake in IDBI Bank
This comes ahead of the December 16 deadline for potential bidders to submit EoIs for picking up majority stake in the private sector lender
 "Govt clarifies foreign funds can own over 51% stake in IDBI Bank")
Cooling prices give Reserve Bank of India space to slow interest-rate hikes
Das will announce the rate decision through a webcast at 10 am in Mumbai on Wednesday, and will address a press conference at 12 pm.