Page 59 - Latest Updates on Reserve Bank of India
RBI Governor Das admitted to Apollo Hospital due to acidity; gets discharge
According to an Apollo Hospital medical bulletin, Das experienced acidity on Monday night and was admitted to the hospital
 "RBI Governor Das admitted to Apollo Hospital due to acidity; gets discharge")
RBI Governor Shaktikanta Das discharged, hospital says he is 'doing fine'
Das had been admitted to hospital in the southern city of Chennai and was kept under observation, the spokesperson said in a statement
 "RBI Governor Shaktikanta Das discharged, hospital says he is 'doing fine'")
RBI Guv Shaktikanta Das admitted to Apollo Hospital, to be discharged soon
RBI Governor Shaktikanta Das has been admitted to Apollo Hospital in Chennai; RBI spokesperson said that he is doing fine now and will be discharged soon
 "RBI Guv Shaktikanta Das admitted to Apollo Hospital, to be discharged soon")
Rupee hits record low as US dollar climbs, portfolio outflows continue
Rupee weakened to 84.4975 per US dollar in early trading on Friday, eclipsing its previous all-time low of 84.4925 on Thursday
 "Rupee hits record low as US dollar climbs, portfolio outflows continue")
Macroeconomic stability a joint effort, says RBI Governor Shaktikanta Das
Stable inflation is foundation for sustained growth, says Das
UPI 123 Pay: RBI extends transaction limits- Here are key changes
UPI 123Pay facilitates digital payments on feature phones, enabling users to access UPI services without an internet connection. It supports four payment methods
 "UPI 123 Pay: RBI extends transaction limits- Here are key changes")
Foreigners selling Indian govt bonds won't return in a hurry: ANZ India
Given the volatility expected over the short-term horizon, we cannot imagine that we will receive any major inflows over the next two months, they added
 "Foreigners selling Indian govt bonds won't return in a hurry: ANZ India")
Reserve Bank defends forex policy as India attempts to avert global risks
The RBI has used its nearly $700 billion forex pile to prevent wild swings in the rupee, making it one of the least volatile currencies in the world
 "Reserve Bank defends forex policy as India attempts to avert global risks")
Exports not adversely impacted by rupee exchange rate policy: RBI Bulletin
Rupee's 40-currency real effective exchange rate (REER) - a measure of its competitiveness - shows the currency was overvalued by 7.21 per cent at the end of October, close to highest in 6 years
 "Exports not adversely impacted by rupee exchange rate policy: RBI Bulletin")
Gold loans: Select repayment plan that perfectly matches your cash flows
Gold loan borrowers have a range of repayment plans they can choose from
 "Gold loans: Select repayment plan that perfectly matches your cash flows")
Pvt consumption back, medium-term economic outlook bullish: RBI Bulletin
Record production estimates for kharif foodgrains as well as promising rabi crop prospects augur well for farm income and rural demand, going forward
Attrition in private banks improving, but long way to go: Swaminathan
Substantial regulatory focus on customer in the coming days
 "Attrition in private banks improving, but long way to go: Swaminathan")
RBI cautions on deepfake videos of governor giving financial advice
"These videos attempt to advise people to invest their money in such schemes using technological tools," the central bank said in a statement
 "RBI cautions on deepfake videos of governor giving financial advice")
Rupee depreciates to new low of 84.42 per dollar amid geopolitical tensions
The previous low of Rs 84.41 per dollar was hit last Thursday. The local currency had settled at Rs 84.40 per dollar on Monday
 "Rupee depreciates to new low of 84.42 per dollar amid geopolitical tensions")
Govt likely to extend RBI Governor Shaktikanta Das's term for second time
Das has already been the RBI's governor for longer than the typical five-year maximum of recent decades and a further extension would make him the longest-serving since Benegal Rama Rau
 "Govt likely to extend RBI Governor Shaktikanta Das's term for second time")
Need to be very careful of cryptocurrency, says DFS Secy M Nagaraju
Speaking at the State Bank of India (SBI) Economic Conclave, Nagaraju said, "I am very sceptical of cryptocurrency. RBI is also very careful on that. We need to be very careful."
 "Need to be very careful of cryptocurrency, says DFS Secy M Nagaraju")
Be vigilant for concentrations in biz models: RBI Guv Das to bank boards
Says need to curb unethical practices such as mis-selling of products
 "Be vigilant for concentrations in biz models: RBI Guv Das to bank boards")
RBI to launch cloud services in 2025 to challenge global firm dominance
The burgeoning cloud services market in Asia's third largest economy was estimated at $8.3 billion in 2023 and is expected to grow to $24.2 billion by 2028
Municipal bodies must impose proper user charges for facilities: RBI report
RBI report noted that fees and user charges represent important sources of revenue for all civic bodies, particularly in Maharashtra, Rajasthan, Gujarat, and Tripura
 "Municipal bodies must impose proper user charges for facilities: RBI report")
India's foreign exchange reserves drop $29 billion in the past six weeks
The week ended Nov 15 saw a decline of $6.48 billion, largely due to foreign investment outflows and a decline in the value of gold assets
 "India's foreign exchange reserves drop $29 billion in the past six weeks")