Page 162 - Latest Updates on Reserve Bank of India
Indian bond, equity markets decoupled; see 30% downside in Nifty50: CLSA
The decoupling of Indian equity markets, this year, from the global markets has been remarkable. While the S&P 500 has lost over 20 per cent in CY22 so far, the Nifty50 index is marginally in the red
 "Indian bond, equity markets decoupled; see 30% downside in Nifty50: CLSA")
Sensex and Nifty drop for seventh day running; FPIs pull out $2 billion
Benchmark indices crash 5.5% as FPIs yank out $2 billion
 "Sensex and Nifty drop for seventh day running; FPIs pull out $2 billion")
US economy, geopolitics: Factors that could roil markets next quarter
With the rupee weakening against the US dollar, a more hawkish pivot by RBI is expected
Industry prepared for potential disruptions as tokenisation nears
industry insiders say, the success rate of token-based transactions is higher, but inadequate testing of certain use-cases may result in some transactions not going through
 "Industry prepared for potential disruptions as tokenisation nears")
Rupee closes marginally higher against US dollar, RBI intervention seen
The rupee had opened higher at 81.61, but was not able to sustain the gains on dollar buying by foreign banks and oil companies
 "Rupee closes marginally higher against US dollar, RBI intervention seen")
RBI policy: How inflation, repo rate and demand are linked to each other
With the RBI MPC expected to announce its decision on Friday, we explain how inflation, repo rate and demand are linked to each other
 "RBI policy: How inflation, repo rate and demand are linked to each other")
Top Headlines: FinMin won't exhaust forex for rupee; govt extends PMGKAY
Amid fast-depleting forex reserves, the Finance Ministry signalled that it was not in favour of selling the dollar to defend any particular level of the rupee
 "Top Headlines: FinMin won't exhaust forex for rupee; govt extends PMGKAY")
RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps
The Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 24 of 35 economists surveyed by Bloomberg as of Wednesday.
 "RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps")
RBI unlikely to extend card tokenisation deadline despite merchants' demand
Despite a demand by smaller merchants to delay the compliance date, there has been no indication so far by the central bank that there is likely to be an extension in deadline
 "RBI unlikely to extend card tokenisation deadline despite merchants' demand")
Rupee at another low of 81.94 per dollar as US Fed talks up rate hikes
RBI may have sold more than $1 bln in FX mkt, prevented rupee from breaching 82/$1
NPCI sets Oct 31 as deadline to activate offline payments on RuPay cards
The move will breathe life into the RBI's January 3 framework which sought to give a fillip to offline payments and lead to the activation of the One Nation, One Card for on-the-go payments
 "NPCI sets Oct 31 as deadline to activate offline payments on RuPay cards")
Small savings rate may remain unchanged for Oct-Dec qtr despite RBI moves
If this happens, it will be the 10th straight quarter of status quo; govt official says Centre did not cut rates when policy rates were being cut during pandemic
 "Small savings rate may remain unchanged for Oct-Dec qtr despite RBI moves")
Share of industrial loans in bank credit on decline, personal loans up: RBI
The share of industrial loans in total credit has been gradually declining over the last decade while that of personal loans is on the rise, said RBI
 "Share of industrial loans in bank credit on decline, personal loans up: RBI")
RBI's rate setting panel starts deliberations; decision on Friday
The Reserve Bank's rate-setting panel started deliberations on the keenly awaited monetary policy amidst expectation of 50 basis points hike in interest rate to check inflation
RBI MPC: Experts see a 50 bps hike, pressure on the real estate sector
Costlier EMIs and the limited ability of banks to transmit the rate hikes to customers may lead to the real estate sector becoming among the worst impacted sectors
 "RBI MPC: Experts see a 50 bps hike, pressure on the real estate sector")
RBI policy: Here is how a repo rate hike can affect your finances
If RBI increases the repo rate, the cost of borrowing by banks also rises, which subsequently makes taking loans from banks costlier
Hawkish Fed may prompt Reserve Bank to deliver a 50-basis-point hike
The RBI's monetary policy committee (MPC) has already hiked the key policy rate by 140 bps since May to 5.4%
 "Hawkish Fed may prompt Reserve Bank to deliver a 50-basis-point hike")
Household savings in India dip to lowest in five year as inflation persists
As compared to 15.9 per cent in FY21, the gross financial savings of households in India stood at 10.8 per cent in FY22
 "Household savings in India dip to lowest in five year as inflation persists")
Active credit cards drop 2.3 million in August over new RBI norms
Spends decline 3% MoM but top Rs 1 trn for sixth consecutive month
Enhance coverage of scheduled castes in all schemes: FM Nirmala Sitharaman
The FM was chairing the performance review of PSBs on credit and other welfare schemes for scheduled castes
 "Enhance coverage of scheduled castes in all schemes: FM Nirmala Sitharaman")