Page 243 - Latest Updates on Reserve Bank of India
Bond markets ignore RBI's G-Sap largesse on rising inflation; yields soar
Doubts cast about G-Sap effectiveness at a the time when the Covid-19 surge is threatening to halt economic revival in the country
 "Bond markets ignore RBI's G-Sap largesse on rising inflation; yields soar")
RBI to set up Regulations Review Authority from May 1 for one year
RRA, set up to review/seek suggestions on simplification, ease of implementation of regulations, to be led by M Rajeshwar Rao
 "RBI to set up Regulations Review Authority from May 1 for one year")
RTGS money transfer facility to be unavailable for 14 hours on Sunday: RBI
The Real Time Gross Settlement (RGTS) service for fund transfers will not be available for 14 hours on April 18, the Reserve Bank of India (RBI) has said.
 "RTGS money transfer facility to be unavailable for 14 hours on Sunday: RBI")
India fiscal health weak for quantitative easing, says Moody's
India is among the 11 emerging markets (EMs) that have jumped on the QE bandwagon
 "India fiscal health weak for quantitative easing, says Moody's")
Rising Covid-19 infections may hit RBI's inflation maths, say experts
Consumer price index (CPI)-based inflation rose to 5.52 per cent in March, from 5.03 per cent in February. Core inflation was at 5.7 per cent.
 "Rising Covid-19 infections may hit RBI's inflation maths, say experts")
Rupee falls below 75 to dollar on massive equity sell off; RBI intervenes
Indian unit was again the worst performer in the region, shedding 0.42% to the dollar. But most other Asian currencies lost too
 "Rupee falls below 75 to dollar on massive equity sell off; RBI intervenes")
Be watchful of Covid situation, push credit flows: Shaktikanta Das to banks
Takes stock of the progress in implementing Covid resolution framework
 "Be watchful of Covid situation, push credit flows: Shaktikanta Das to banks")
Remain watchful of evolving situation, push credit flows: RBI Guv to banks
RBI Governor Das asked banks to remain watchful of the evolving situation
 "Remain watchful of evolving situation, push credit flows: RBI Guv to banks")
Best of BS Opinion: Sebi's delay makes RIL order absurd, RBI policy & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Sebi's delay makes RIL order absurd, RBI policy & more")
End of the plastic smile: Tectonic change is roiling credit card industry
Tectonic change is roiling the credit card industry, and the rules of the game are being reset
 "End of the plastic smile: Tectonic change is roiling credit card industry")
Sudden movement of the rupee is not a reason to panic, say currency dealers
According to them, a correction was overdue for the rupee that remained the best performing currency in the region for well over a month
 "Sudden movement of the rupee is not a reason to panic, say currency dealers")
April monetary policy a fine balancing act
Structurally, it's a well-crafted policy. But like in cricket and politics, things can change dramatically for a central bank in a very short time
 "April monetary policy a fine balancing act")
10-year bond yield drops to 5.97% in morning trade but closes at 6.02%
In the first auction of the fiscal year, the RBI raised Rs 37,853 crore using greenshoe options instead of the planned Rs 32,000 crore
 "10-year bond yield drops to 5.97% in morning trade but closes at 6.02%")
Fitch sees Reserve Bank of India holding interest rates through FY22
Fitch Solutions sees RBI keeping benchmark interest rates unchanged during the fiscal to March 2022 following its decision to buy Rs 1 trillion of government bonds
 "Fitch sees Reserve Bank of India holding interest rates through FY22")
E-wallets are similar to bank accounts, but more convenient: Experts
Will help those who can't ensure minimum balance
 "E-wallets are similar to bank accounts, but more convenient: Experts")
Banks will need to refund Rs 4,500 cr compound interest to borrowers
This follows Reserve Bank of India's directive to banks to refund compound interest levied during six-months moratorium, according to Kotak Institutional Equities
 "Banks will need to refund Rs 4,500 cr compound interest to borrowers")
Payments banks can now hold max balance of Rs 2 lakh per customer
The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks to Rs 2 lakh from Rs 1 lakh earlier with immediate effect
 "Payments banks can now hold max balance of Rs 2 lakh per customer")
First purchase of G-secs worth Rs 25,000 cr under G-SAP 1.0 on Apr 15: RBI
RBI said the first purchase of government securities worth Rs 25,000 crore under the G-sec Acquisition Programme will be done on April 15 with a view to enabling a stable evolution of the yield curve
Indian consumers turn more glum about future, less likely to spend: Survey
The reasons for the pessimism were deteriorating sentiments on general economic situation, income and prices, the RBI said. The current situation index had hit a record low of 49.9 in September
 "Indian consumers turn more glum about future, less likely to spend: Survey")
Best of BS Opinion: Data breach menace, Chinese dreams of future & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Data breach menace, Chinese dreams of future & more")