Page 60 - Latest Updates on Reserve Bank of India
Bond bulls bet on RBI's dovish turn to extend rally amid policy shift
While interest-rate swaps are pricing a rate cut only in December, traders are girding for a possible shift in the RBI's stance to neutral
 "Bond bulls bet on RBI's dovish turn to extend rally amid policy shift")
Share Market Today: RBI MPC meet, Q2 earnings, Middle East war, Oil, FIIs
At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.
 "Share Market Today: RBI MPC meet, Q2 earnings, Middle East war, Oil, FIIs")
All eyes on govt as RBI Guv Das, Dy Guv Patra's terms near expiry
Govt extends M Rajeshwar Rao's term by one year
 "All eyes on govt as RBI Guv Das, Dy Guv Patra's terms near expiry")
Status-quo on rates likely, say experts ahead of RBI's policy review
Reserve Bank of India (RBI) has kept the repo or short-term lending rate unchanged at 6.5 per cent since February 2023, and experts think some easing could only be possible in December
 "Status-quo on rates likely, say experts ahead of RBI's policy review")
RBI interest rate decision, West Asia conflict to drive markets: Analysts
Moreover, quarterly earnings from IT bellwether TCS, domestic macroeconomic data and movement in global oil benchmark Brent crude would also guide trends in the market
 "RBI interest rate decision, West Asia conflict to drive markets: Analysts")
Self-regulatory organisation for fintechs set to change membership profile
FACE's membership may expand to 180 from 80 as it diversifies and becomes more inclusive
 "Self-regulatory organisation for fintechs set to change membership profile")
'Out of turn' request: RBI seeks loan disbursement data from P2P companies
Norms tightened after flagging regulatory violations by some lending platforms
 "'Out of turn' request: RBI seeks loan disbursement data from P2P companies")
Private lenders securitise loans worth Rs 21,000 crore in Q2 FY25
The country's largest private lender, HDFC Bank, securitised new car loans worth Rs 9,063 crore through a PTC transaction where mutual funds were key investors
 "Private lenders securitise loans worth Rs 21,000 crore in Q2 FY25")
RBI asks lenders to address 'irregularities' in gold loans in 3 months
Action taken by lenders have to be informed to the senior supervisory manager (SSM) of the regulator
 "RBI asks lenders to address 'irregularities' in gold loans in 3 months")
RBI likely to continue using forex reserve to reduce volatility: Report
While most Asian currencies posted gains against the greenback following the Federal Reserve's larger-than-expected 50 basis point rate cut last month, the rupee has traded largely flat
 "RBI likely to continue using forex reserve to reduce volatility: Report")
RBI's new MPC members may have at least 1 favouring a rate cut: Economists
India's government on Tuesday appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as new external members
New external members of RBI's MPC likely to keep markets guessing
Oct meeting being held amid a flurry of activities by leading central banks
 "New external members of RBI's MPC likely to keep markets guessing")
Rupee remains overvalued against trading partners despite new lows
Market participants said that REER might moderate further in the current calendar year (CY24) and financial year (FY25) on the back of inflows
 "Rupee remains overvalued against trading partners despite new lows")
Fed drives global push to cut rates despite uncertainties over 2025
Whatever happens, a sustained period of central bank activism, in contrast to the recent hiatus of higher-for-longer rates, is likely to take hold
 "Fed drives global push to cut rates despite uncertainties over 2025")
India's current account deficit widens to 1.1% of GDP in April-June 2024
The current account deficit stood at $9.7 billion, or 1.1 per cent of the GDP, in the fiscal first quarter, compared with a deficit of $8.9 billion or 1 per cent of GDP in the same quarter a year ago
 "India's current account deficit widens to 1.1% of GDP in April-June 2024")
SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv
Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models
 "SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv")
RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Poll
Inflation held below the RBI's medium-term target of 4.0 for a second month in August
 "RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Poll")
Regulatory scrutiny may dampen credit cards' festive season spirit
Pressure on unsecured lending may weigh on growth in spending through credit card
 "Regulatory scrutiny may dampen credit cards' festive season spirit")
Policy evolution: Despite challenges, central banks must keep adapting
Most large central banks have been grappling with high inflation rates over the past couple of years after having misjudged the early warning signs
 "Policy evolution: Despite challenges, central banks must keep adapting")
Buy-and-hold investors, avoid high secondary mkt premiums on SGBs
A key reason for the current delay is that SGBs have become an expensive borrowing route for the government
 "Buy-and-hold investors, avoid high secondary mkt premiums on SGBs")