Page 50 - Latest Updates on Reserve Bank of India
Fintech Skydo receives in-principle approval to operate as PA-CB entity
About 11 existing cross-border payment companies can operate as PA-CB with their applications under process, according to the RBI website
 "Fintech Skydo receives in-principle approval to operate as PA-CB entity")
No case for CRR cuts with liquidity deficit driven by transitory factors
Anticipating the current liquidity deficit, the RBI in its December policy proactively reduced the cash reserve ratio (CRR) of all banks in two equal tranches of 25 basis points
 "No case for CRR cuts with liquidity deficit driven by transitory factors")
Banks to ask RBI to delay liquidity rule set to take effect from April 1
The request will be made through the Confederation of Indian Industry, which will meet recently-appointed RBI Governor Sanjay Malhotra in the coming days, the people said
 "Banks to ask RBI to delay liquidity rule set to take effect from April 1")
RBI may turn to longer buy-sell swaps amid rising $ short positions
More changes likely in liquidity management framework
 "RBI may turn to longer buy-sell swaps amid rising $ short positions")
RBI to 'play it slow' on defending rupee, says Axis Bank CEO Chaudhry
The rupee has gone from being one of Asia's best-performing currencies to one of the region's biggest losers in a matter of weeks
 "RBI to 'play it slow' on defending rupee, says Axis Bank CEO Chaudhry")
BCRC seeks RBI nod for five-day week, looks to attract skilled workforce
"While our dedication remains unwavering, this continuous seven-day schedule is proving unsustainable in the long run," the BCRC said in its submission to the central bank
Higher bulk deposit reliance signals structural liquidity risks: RBI dy Guv
Outstanding Certificate of Deposit issuances highest since 2012
 "Higher bulk deposit reliance signals structural liquidity risks: RBI dy Guv")
New RBI rules mandate stricter oversight on ARC-borrower settlements
As per the new guidelines, every Asset Reconstruction Company must establish a Board-approved policy that governs the settlement of borrower dues
 "New RBI rules mandate stricter oversight on ARC-borrower settlements")
Budget 2025 needs to focus on capex, infra spending: RBI MPC member
The eminent economist noted that sustaining infrastructure expenditure and building it further would be very helpful
 "Budget 2025 needs to focus on capex, infra spending: RBI MPC member")
Outward remittances under LRS increase 3.6% in November: RBI data
In the September-November quarter of financial year 2025, Indians remitted $7.1 billion overseas, compared to $7.5 billion in the same period last year
 "Outward remittances under LRS increase 3.6% in November: RBI data")
Growth set to rebound, food inflation needs monitoring: RBI report
Banks reluctant to lend in money markets amid tight liquidity conditions
 "Growth set to rebound, food inflation needs monitoring: RBI report")
RBI liberalises Fema rules to facilitate cross-border transactions
The RBI has also allowed non-resident Indians to use such balances for foreign investments, including foreign direct investment (FDI) in non-debt instruments
 "RBI liberalises Fema rules to facilitate cross-border transactions")
RBI updates Fema regulations to boost cross-border rupee transactions
The RBI has updated FEMA regulations to encourage cross-border INR transactions, including settling trade, investments, and export payments, with foreign currency accounts allowed
RBI must shun excessive forex market intervention, says former head
Rupee tested a series of new lows recently, slipping to an all-time low of 86.7025 per dollar on Jan 14, and rose 0.3 per cent on January 15
 "RBI must shun excessive forex market intervention, says former head")
Rupee slide raises doubts over rate cuts in February, analysts caution
The weaker currency could add to elevated inflation through costlier imports, while a cut in interest rates could dampen already tepid capital flows
 "Rupee slide raises doubts over rate cuts in February, analysts caution")
Rupee hits new low of 86.68 per dollar as oil importers boost demand
RBI's intervention policy unlikely to have changed
 "Rupee hits new low of 86.68 per dollar as oil importers boost demand")
RBI likely sold dollars heavily before local spot market open, say traders
The rupee was last quoted at 86.5150 per US dollar as of 09:35 am IST, up nearly 0.1 per centon the day
 "RBI likely sold dollars heavily before local spot market open, say traders")
Rupee recovers from record low, rises 21 paise to 86.49 against US dollar
According to forex traders, the Indian currency found support from positive inflation numbers and some recovery in domestic equity markets
 "Rupee recovers from record low, rises 21 paise to 86.49 against US dollar")
RBI uses FX swaps to ease liquidity squeeze as rupee hits a new low
The rupee lost around 2.8 per cent against the dollar in 2024, making it one of the best-performing currencies in Asia as the greenback surged
Bank holidays 2025: Are banks closed on Jan 13 and 14 for Lohri, Sankranti?
The January 2025 bank holiday calendar is out, and this year's Lohri and Makar Sankranti festivals, which fall on January 13 and 14, respectively, are designated as holidays
 "Bank holidays 2025: Are banks closed on Jan 13 and 14 for Lohri, Sankranti?")