Page 195 - Latest Updates on Reserve Bank of India
On-tap licence: Sachin Bansal, five other applicants rejected by RBI
11 entities had applied for on-tap bank licences since the guidelines were released by the Reserve Bank of India
 "On-tap licence: Sachin Bansal, five other applicants rejected by RBI")
Rupee hits another all-time low of 77.56/$ amid high crude oil prices
Market participants said the Reserve Bank of India (RBI) intervened in the currency market, which slowed the pace of depreciation. An upswing in the domestic equity markets also helped the currency.
 "Rupee hits another all-time low of 77.56/$ amid high crude oil prices")
RBI's multiple battles
It should not defend currency to contain inflation
 "RBI's multiple battles")
RBI turns net seller of US currency in March to defend rupee; sells $20 bn
Reserve Bank of India turned net seller of the US currency in March after it sold $ 20.101 billion on a net basis in the spot market, according to RBI's monthly bulletin for May 2022.
 "RBI turns net seller of US currency in March to defend rupee; sells $20 bn")
Indian rupee off record lows on RBI intervention; bond yields rise
The partially convertible rupee was trading at 77.63/64 per dollar by 0805 GMT compared with its close of 77.45 on Friday. The rupee touched a record low of 77.7975 during the session.
 "Indian rupee off record lows on RBI intervention; bond yields rise")
From households to enterprises to markets, expectations drive decisions
Expectations play an important role in decision-making. Enterprises and the financial markets, for example, allocate funds that reflect their expectations
Finance ministry didn't claim inflation hurts rich more than poor, says PIB
The claim and counterclaim over inflation come at a time when retail inflation rose to an eight-year high in April to 7.8 per cent
 "Finance ministry didn't claim inflation hurts rich more than poor, says PIB")
Vehicle fuel prices responsible for around 30% of April inflation spurt
The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month
 "Vehicle fuel prices responsible for around 30% of April inflation spurt")
Liquidity mop-up from secondary market resumes amid rising bond yields
According to latest data, the RBI has conducted open market operations in the last week of April and in the first week of May
Overcoming the paucity of tools with RBI
The proposed policy regime may seem a bit strange to some readers
Inflation: Why RBI should have paid more attention to detergent prices
Operating at magic price points is like running a high-school experiment in "titration," dripping a liquid of known properties into another of unknown concentration and stopping when the color changes
 "Inflation: Why RBI should have paid more attention to detergent prices")
Please change the definition of 'fraud', bankers to urge RBI: Report
All the high-street bank CEOs decided to make a representation to RBI at a meeting to discuss issues faced by the lenders
 "Please change the definition of 'fraud', bankers to urge RBI: Report")
Sebi to set up FPI expert panel soon; single window to address concerns
Experts said the advisory committee will help smoothen the implementation of key policies
 "Sebi to set up FPI expert panel soon; single window to address concerns")
RBI not 'behind the curve' in hiking rate, says MPC member Ashima Goyal
While noting that Inflation has just exceeded RBI's tolerance band due to the protracted Ukraine-Russia war, Goyal said Indian demand and wages are 'soft'
 "RBI not 'behind the curve' in hiking rate, says MPC member Ashima Goyal")
Statsguru: New insights into the way Indians live found in NFHS edition
Nearly half of households own a two-wheeler compared to less than 10 per cent that own a car
 "Statsguru: New insights into the way Indians live found in NFHS edition")
NPA: A monster created by RBI's forbearance?
In August 2008, the RBI allowed banks to restructure bad debt. It was a one-time measure put in place till June 30, 2009, but the forbearance ended almost a decade later
RBI doesn't have favourable view towards cooperative banks: Sharad Pawar
NCP chief Sharad Pawar said the view of the Reserve Bank was not favourable towards urban cooperative banks which fulfil the needs of the common people and asked the Centre to act accordingly
 "RBI doesn't have favourable view towards cooperative banks: Sharad Pawar")
Government, RBI behind the curve in controlling inflation: Congress
The party also termed the government's decision to ban wheat exports as anti farmer.
 "Government, RBI behind the curve in controlling inflation: Congress")
Consumer inflation at 8-year high of 7.79% may 'trigger' quicker rate hikes
Given the tone of urgency in RBI's statement to support the altered inflation-growth dynamics, "we now revise our call and expect the RBI to hike repo rate by an additional 60 bps in the rest of FY23"
 "Consumer inflation at 8-year high of 7.79% may 'trigger' quicker rate hikes")
RBI appoints Sitikantha Pattanaik and Rajiv Ranjan as executive directors
Ranjan will also serve as an ex-officio member of the rate-setting panel Monetary Policy Committee (MPC)