Page 47 - Latest Updates on Reserve Bank of India
Markets Today: RBI MPC outcome; FIIs; M&M, ITC Q3; Chamunda IPO allotment
The Reserve Bank of India may cut the benchmark repo rate by 25 basis points to 6.25 per cent later in the day
 "Markets Today: RBI MPC outcome; FIIs; M&M, ITC Q3; Chamunda IPO allotment")
Will RBI MPC cut rates: What to expect from today's monetary policy meet
RBI monetary policy: Governor Sanjay Malhotra is expected to lower the repo rate by 25 basis points, prioritising economic growth over inflation control
 "Will RBI MPC cut rates: What to expect from today's monetary policy meet")
Rupee hits another new low of 87.59 ahead of RBI's rate decision Friday
At the end of November, the Reserve Bank of India (RBI) had a $59 billion short position in the forward market
 "Rupee hits another new low of 87.59 ahead of RBI's rate decision Friday")
RBI directs NBFCs to disclose maximum loan charges, seek board approval
The RBI has directed large NBFCs to disclose total loan charges, including interest and fees, and mandates board approval for maximum rates to enhance transparency and fair lending practices
New RBI Governor Sanjay Malhotra expected to begin interest rate cuts
The governor is chairing an almost entirely new six-member monetary policy committee
 "New RBI Governor Sanjay Malhotra expected to begin interest rate cuts")
Markets Today: SBI, Hero MotoCorp Q3; Gold; FIIs; RBI MPC; Chamunda IPO
In the previous session, Sensex dropped 312.53 points, or 0.40 per cent, to close at 78,271.28, while Nifty50 ended lower by 42.95 points, or 0.18 per cent, at 23,696.30
 "Markets Today: SBI, Hero MotoCorp Q3; Gold; FIIs; RBI MPC; Chamunda IPO")
K Balasubramanian to succeed Ashu Khullar as India head for Citibank
Balasubramanian, a seasoned banker, has worked in multiple markets, covering clients across major industries and geographies in India
 "K Balasubramanian to succeed Ashu Khullar as India head for Citibank")
Rate cut expectations push rupee to a new low despite falling dollar index
Despite a weaker dollar index and stronger Asian currencies, the rupee depreciated due to stop-loss triggers, said dealers
 "Rate cut expectations push rupee to a new low despite falling dollar index")
IDBI Bank could increase rates on non-callable deposits post LCR norms
According to the proposed norms, stable retail deposits enabled with internet and mobile banking will have a 10 per cent run-off factor
 "IDBI Bank could increase rates on non-callable deposits post LCR norms")
Govt's cash deficit eases after RBI takes aggressive liquidity measures
The cash injection has also led to a decline in the weighted average call rate, which represents banks' overnight borrowing costs
 "Govt's cash deficit eases after RBI takes aggressive liquidity measures")
Bank gold loan disbursals up 71.3% to Rs 1.72 trillion in 9MFY25
In November 2023, the Reserve Bank of India (RBI) increased risk weight for unsecured loans by 25 percentage points to 125 per cent
 "Bank gold loan disbursals up 71.3% to Rs 1.72 trillion in 9MFY25")
Ujjivan SFB applies for a universal banking licence to expand offerings
Ujjivan SFB is the second lender after AU SFB to seek a voluntary transition into a universal bank
 "Ujjivan SFB applies for a universal banking licence to expand offerings")
Delhi election: Will banks be open or closed for voting on February 5?
Bank Holiday: The Delhi Assembly election is scheduled to be held on Feb 5 by the Election Commission of India. Many people are curious about whether there will be a bank holiday in Delhi today
 "Delhi election: Will banks be open or closed for voting on February 5?")
RBI seen cutting rates for first time since May 2020, suggests poll
Over 70 per cent of respondents, 45 of 62, in a Jan. 22-30 Reuters poll forecast the RBI would cut its key repo rate by 25 basis points to 6.25 per cet at the conclusion of its Feb. 5-7 meeting
 "RBI seen cutting rates for first time since May 2020, suggests poll")
RBI may use CRR as regulatory tool, repo rate cuts likely in 2025: SBI
The report predicts that the RBI could cut the repo rate by 25 basis points in its February 2025 policy meeting, with a total reduction of at least 75 basis points over the entire easing cycle
 "RBI may use CRR as regulatory tool, repo rate cuts likely in 2025: SBI")
RBI Policy Preview: MPC's decision on interest rates hangs by a fine thread
RBI Monetary Policy: With the Union Budget for FY-2026 behind us, the focus now shifts to the next big event on the horizon - the Monetary Policy Committee's (MPC) final meeting for FY-2025 on Feb 7
 "RBI Policy Preview: MPC's decision on interest rates hangs by a fine thread")
Task cut out for MPC after Budget's consumption boost as RBI decision nears
But monetary policy decisions are complex and there is merit in assessing the "right time" while weighing the cost and benefits of such moves
 "Task cut out for MPC after Budget's consumption boost as RBI decision nears")
Donald Trump tariffs hammer markets globally, rupee sinks below 87/$
Domestic equity losses limited but rupee expected to decline further; all eyes on MPC now
 "Donald Trump tariffs hammer markets globally, rupee sinks below 87/$")
RBI's forex forward book climbed to near 4-year high on rupee angst
RBI buys or sells dollars in the FX forward market when it does not want its spot intervention to affect domestic liquidity and/or to maintain headline forex reserves
RBI curating the liquidity landscape for a potential rate cut this year
As the RBI takes steps to address both short-term and durable liquidity concerns, the focus now shifts to whether these measures can create the right conditions for rate cut transmission
 "RBI curating the liquidity landscape for a potential rate cut this year")