Page 190 - Latest Updates on Reserve Bank of India
India prepared to deal with global macroeconomic challenges: CEA
Asserts country's fundamentals are strong, govt and RBI will meet challenges with 'flexible and adroit' policymaking
 "India prepared to deal with global macroeconomic challenges: CEA")
RBI raises repo rate by 50 bps to tame prices; pegs FY23 GDP growth at 7.2%
The repo rate before the pandemic came was 5.15%
 "RBI raises repo rate by 50 bps to tame prices; pegs FY23 GDP growth at 7.2%")
Hardening yields to buoy debt MFs, experts recommend short-term maturities
Given the risk of high inflation, bond yields can harden further. However, current rates are attractive and provide good scope to start nibbling, say experts
 "Hardening yields to buoy debt MFs, experts recommend short-term maturities")
India Inc's earnings may take a hit in coming quarters as rates rise
Listed non-financial firms had saved nearly Rs 1 trn because of decline in interest rates in FY21, FY22
 "India Inc's earnings may take a hit in coming quarters as rates rise")
Benchmark indices decline for fourth day as RBI hikes policy rate by 50 bps
The Sensex closed at 54,892, with a decline of 215 points, or 0.4 per cent, and the Nifty finished at 16,356, with a drop of 60 points, or 0.3 per cent
 "Benchmark indices decline for fourth day as RBI hikes policy rate by 50 bps")
Macroeconomic adjustment
Risks for growth and asset prices have increased
 "Macroeconomic adjustment")
Builders expect slowdown in housing demand in short-term on RBI's rate hike
The RBI on Wednesday hiked the key benchmark rate by 50 basis points
 "Builders expect slowdown in housing demand in short-term on RBI's rate hike")
EMIs to rise as RBI hikes repo rate by 50 bps, signals more increase
The increase in lending rate or the repurchase rate (repo) by 50 bps -- the biggest in more than a decade -- to 4.90 per cent comes on the back of a 40 bps hike last month
RBI allows credit cards to be linked with UPI platform; to start with RuPay
At the RBI policy announcement, Governor Das said that the new arrangement is expected to provide more avenues and convenience to the customers in making payments through the UPI platform
 "RBI allows credit cards to be linked with UPI platform; to start with RuPay")
RBI bats for cut in state taxes on petrol, diesel to ease inflation
Further reduction of State VATs on petrol and diesel across the country can certainly contribute to softening of the inflationary pressures as well as expectations: Shaktikanta Das
 "RBI bats for cut in state taxes on petrol, diesel to ease inflation")
No sign of overcapacity yet as global commodity prices come off peaks
The exception is energy, which isn't dictated by liquidity conditions, but by decisions of the Opec-plus cartel, where plenty of other factors come into play
 "No sign of overcapacity yet as global commodity prices come off peaks")
RBI monetary policy review: Direction for repo rate is clearly northwards
The MPC pitched for a high number of 50 bps, which is significant because if combined with the inflation forecast, it indicates that more hikes are coming
 "RBI monetary policy review: Direction for repo rate is clearly northwards")
Analysts see RBI taking policy rates well above pre-pandemic levels by Mar
Citing the aggressive wording to tame inflation, analysts expect the Reserve Bank to deliver more rate hikes during the current fiscal and take key policy rates to well above the pre-pandemic levels
 "Analysts see RBI taking policy rates well above pre-pandemic levels by Mar")
RBI monetary policy: Ladder your FDs and benefit from higher rates later
Home loan borrowers must pre-pay to prevent their loan tenures from rising
 "RBI monetary policy: Ladder your FDs and benefit from higher rates later")
RBI policy: From rate hike to inflation worries, here are 5 key takeaways
The RBI governor announced a second consecutive hike in policy rates and highlighted geopolitical risks. Here are the highlights.
RBI monetary policy review: Further repo rate hikes clearly on the cards
The Governor's reminder that the repo rate is still below the pre-pandemic level served as a clear signal that more rate hikes lie ahead
 "RBI monetary policy review: Further repo rate hikes clearly on the cards")
Housing sales may dip on likely rise in home loan interest rate: Experts
The RBI's decision to hike the benchmark interest rate will make home loans costlier and affect housing sales, especially in affordable and mid-income segments, according to property consultants.
 "Housing sales may dip on likely rise in home loan interest rate: Experts")
RBI raises repo rate to 4.9%; expects inflation to hurt for 3 quarters
Inflation forecast increased to 6.7% for FY23; GDP forecast retained at 7.2%
 "RBI raises repo rate to 4.9%; expects inflation to hurt for 3 quarters")
Rising rates to impact post-pandemic recovery in real estate sector
The rising rates will depress demand and slow down sales
 "Rising rates to impact post-pandemic recovery in real estate sector")
Ahead of policy decision, RBI steps in to save rupee from hitting a new low
Currency trades in a narrow zone; ends the day at 77.71 against dollar
 "Ahead of policy decision, RBI steps in to save rupee from hitting a new low")