Page 156 - Latest Updates on Reserve Bank of India
Rupee at fresh low as Fed rate hike fears intensify, dollar strengthens
RBI not yet seen intervening heavily for the rupee, expected to step in around 83.40/$1 mark
 "Rupee at fresh low as Fed rate hike fears intensify, dollar strengthens")
India's economic growth outlook stagnates, stuck in lower gear: Report
India's economy will grow well below its potential over the next two years, with inflation staying above the mid-point of the RBI's tolerance band, according to a Reuters poll
 "India's economic growth outlook stagnates, stuck in lower gear: Report")
Administrator seeks RBI nod to restructure Reliance Capital into four CICs
Will help bidders for its insurance business to avoid Irdai's 5-year lock-in
 "Administrator seeks RBI nod to restructure Reliance Capital into four CICs")
Global economy facing disruptions, India can't be decoupled: Rakesh Mohan
Country has to tailor its actions in response to international crises, says economist and former deputy governor of RBI
 "Global economy facing disruptions, India can't be decoupled: Rakesh Mohan")
Rupee declines 0.8%, closes at fresh all-time low of 83 vs US dollar
Analysts say RBI is allowing the depreciation amid wider CAD and higher US interest rates
 "Rupee declines 0.8%, closes at fresh all-time low of 83 vs US dollar")
Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal
RBI MPC member Ashima Goyal said that the efforts of the Reserve Bank to contain price rise by increasing interest rates will help in containing inflation, which is likely to fall below 6 next year
 "Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal")
Rising global risks: India will need policy space
Given the global economic outlook, the policy focus should be to first preserve financial stability and not take undue policy risks
Banks offer over 3-year high interest rate to raise funds through CDs
Call mkt rates at higher end of rate corridor as liquidity shrinks rapidly
 "Banks offer over 3-year high interest rate to raise funds through CDs")
RBI's 2013 playbook to rebuild forex reserves unlikely to work: Analysts
The FCNR deposits route might not be as effective this time around for reasons like a narrower US-IN rate spread and less aggressive rate hikes in this cycle versus back in 2013, says an analyst
 "RBI's 2013 playbook to rebuild forex reserves unlikely to work: Analysts")
RBI's currency intervention ends up hurting rupee carry trade: Analysts
The Reserve Bank of India's currency intervention is making the rupee less attractive for carry traders, analysts said.
 "RBI's currency intervention ends up hurting rupee carry trade: Analysts")
Axis Bank hikes MCLR by 25 bps, joining other lenders in policy action
Central bank's MPC has cumulatively increased the repo rate by 190 bps since May
 "Axis Bank hikes MCLR by 25 bps, joining other lenders in policy action")
RBI should pause rate hikes as growth fears loom: MPC member Varma
India's central bank should pause interest rate hikes, despite unacceptably high inflation, to avoid stalling a recovery in economic growth, monetary policy committee member Jayant Varma said
 "RBI should pause rate hikes as growth fears loom: MPC member Varma")
As RBI spreads out Fx interventions, forward premium hits 11-year lows
The central bank looks to protect headline reserves, deter offshore/onshore arbitrage on Rs with buy-sell swaps in forex market
Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period
Outstanding NRI deposits declined to $134.68 billion at the end of August 2022 from $141.52 billion a year ago
Indians remitted $2.67 billion in August under LRS scheme, shows data
According to RBI data, in August, Indians remitted $467.52 million for overseas education, $330.70 million for maintenance of close relatives, and $221.31 million in gifts.
 "Indians remitted $2.67 billion in August under LRS scheme, shows data")
Can't expect inflation to drop faster by raising rates: Jayanth R Varma
I think we can bring inflation down to 5 per cent in a couple of quarters, says MPC member Varma
 "Can't expect inflation to drop faster by raising rates: Jayanth R Varma")
Bond yields ease as MPC minutes hint at slower interest rate hikes
1-year bond yield logs the sharpest fall in two-and-a-half months
 "Bond yields ease as MPC minutes hint at slower interest rate hikes")
Headline inflation might have peaked in September, says RBI report
Fight against price rise could be 'dogged and prolonged'
 "Headline inflation might have peaked in September, says RBI report")
Regulation of wellness vs wealth offers a contrasting picture
The regulators of wealth in India are empowered and autonomous, unlike the regulators of wellness, leading to very different outcomes in the two sectors
 "Regulation of wellness vs wealth offers a contrasting picture")
India needs dedicated wing to release Green GDP estimates, says RBI article
India needs to set up a dedicated wing in the environment ministry to release estimates of Green GDP periodically on a regular basis and create a user-friendly data dissemination platform