Page 181 - Latest Updates on Reserve Bank of India
Rupee at record low as US dollar surges globally, domestic markets fall
Fears of a global recession weigh on the unit despite RBI measures to boost dollar inflow
 "Rupee at record low as US dollar surges globally, domestic markets fall")
India's high inflation to stick for longer, rates to rise more: Poll
One of the later entrants in the current round of global monetary policy tightening, the Reserve Bank of India raised its repo rate by a total of 90 basis points in May and June
 "India's high inflation to stick for longer, rates to rise more: Poll")
How data privacy, Razorpay became victims of Alt News vs Delhi Police fight
Alt News received money "through Razorpay from Pakistan, Syria, Australia, Singapore, and the UAE, which all require further investigation," a public prosecutor said
 "How data privacy, Razorpay became victims of Alt News vs Delhi Police fight")
RBI allows settlement in rupee to settle trade with Russia, Sri Lanka
Move aimed to facilitate trade with Russia, Sri Lanka
 "RBI allows settlement in rupee to settle trade with Russia, Sri Lanka")
India's retail inflation likely held steady just above 7% in June: Poll
The July 4-8 Reuters poll of 42 economists showed inflation as measured by the consumer price index (CPI) was steady at an annual 7.03% in June, versus 7.04% in May
 "India's retail inflation likely held steady just above 7% in June: Poll")
Live news: 63 pilgrims from Maharashtra's Beed stranded in Amarnath rescued
Latest Live news updates: Amarnath yatra rescue operations, EAM on Sri Lankan crisis, PM addresses Natural Farming Conclave, and more
 "Live news: 63 pilgrims from Maharashtra's Beed stranded in Amarnath rescued")
Unhedged exposure via external commercial borrowing new threat to rupee
According to RBI data on external debt released, short-term debt on a residual maturity basis accounted for 44.1% of foreign exchange reserves at the end of March 2022
Inflation may ease gradually in 2nd half of fiscal, says RBI Governor Das
Inflation is a measure of the trust and confidence that the public reposes in the economic institutions of the country, Das said while speaking at the inaugural Kautilya Economic Conclave
 "Inflation may ease gradually in 2nd half of fiscal, says RBI Governor Das")
Srei Equipment Finance's auditor Haribhakti resigns from immediate effect
In a letter to administrator of Srei Equipment Finance, Haribhakti cited RBI guidelines for the appointment of statutory central auditors /statutory auditors of commercial banks
 "Srei Equipment Finance's auditor Haribhakti resigns from immediate effect")
India's forex reserves slip $5 bn in a week amid RBI interventions
Most emerging market currencies have faced pressure since the start of the war in Ukraine in late February as investors have rushed to safe-haven assets
 "India's forex reserves slip $5 bn in a week amid RBI interventions")
RBI clears payment aggregator licence for Razorpay, PineLabs & Stripe
Payment aggregators enable e-commerce sites and merchants to accept payment instruments from customers without the need for merchants to create their own payment integration system
 "RBI clears payment aggregator licence for Razorpay, PineLabs & Stripe")
RBI allows more FPI access to Indian bonds, but returns may not lure flows
Treasury officials believe the move may not work as rising interest rates abroad and high domestic inflation have eroded returns from Indian fixed-income assets
 "RBI allows more FPI access to Indian bonds, but returns may not lure flows")
RBI fines Federal Bank Rs 5.7 cr for flouting insurance broking norms
Banking regulator imposes fine of Rs 70 lakh on Bank of India for non-compliance with KYC norms
 "RBI fines Federal Bank Rs 5.7 cr for flouting insurance broking norms")
Rupee's travails: What has led to the fall, and what can Reserve Bank do?
The foremost reason for the currency's fall is the money being pulled out from the Indian economy by the FPIs and FIIs. In the last six months, FPIs have pulled out Rs 2.32 trillion
 "Rupee's travails: What has led to the fall, and what can Reserve Bank do?")
Lessons from the Raj: Whether it is gold or salt, higher duties don't work
The problem of gas in Europe, oil in the US and gold in India is a lifestyle problem. High taxes and import duties aren't going to solve it
Rupee's slide to successive record lows pits RBI against mkt full of bears
The rupee's tumble to a succession of record lows is sparking fears of a deeper selloff and pitting the central bank against analysts and strategists who are predicting further losses
 "Rupee's slide to successive record lows pits RBI against mkt full of bears")
RBI cancels licence of Shri Anand Co-operative Bank due to lack of capital
RBI on Thursday said it has cancelled the license of Shri Anand Co-operative Bank, Chinchwad, Pune as the lender does not have adequate capital and cannot pay its present depositors in full.
 "RBI cancels licence of Shri Anand Co-operative Bank due to lack of capital")
RBI Governor asks states to find out effective ways to address debt issues
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday asked state governments to find out effective ways to address the issues related to debt and cash management.
 "RBI Governor asks states to find out effective ways to address debt issues")
RBI measures to have positive impact on oversesas fund inflows: DEA Secy
Economic Affairs Secretary Ajay Seth on Thursday said the measures taken by Reserve Bank of India (RBI) will increase inflows of overseas funds and help in strengthening the rupee against the dollar.
 "RBI measures to have positive impact on oversesas fund inflows: DEA Secy")
Inflation, CAD: RBI's moves to stabilise rupee face many economic hurdles
The steps came after the RBI's foreign exchange reserves fell by more than $40 billion over the past nine months, largely due to its intervention in the currency market to curb rupee losses
 "Inflation, CAD: RBI's moves to stabilise rupee face many economic hurdles")