Page 9 - Latest Updates on Reserve Bank of India
RBI injects ₹1.41 trn liquidity in banking system via 7-day VRR auction
This was done after the liquidity in the banking system turned in to deficit of ₹19,971.89 crore as on June 22, from a surplus of ₹30,685.11 crore as on June 21
 "RBI injects ₹1.41 trn liquidity in banking system via 7-day VRR auction")
RBI defended rupee with $8.94 billion net dollar sale in April: Bulletin
The central bank remained a net seller in the spot forex market as the rupee came under pressure from geopolitical tensions and persistent foreign outflows
 "RBI defended rupee with $8.94 billion net dollar sale in April: Bulletin")
Bank credit outpaced non-bank funding to commercial sector: RBI data
Non-food bank credit rose 17.4 per cent year-on-year in May, outpacing growth in non-bank funding and lifting total credit to the commercial sector
 "Bank credit outpaced non-bank funding to commercial sector: RBI data")
Banks must tap digital rails to deepen MSME credit access: RBI Governor
Sanjay Malhotra says financial institutions should leverage ULI, Account Aggregator and other digital platforms to build a more inclusive MSME credit ecosystem
 "Banks must tap digital rails to deepen MSME credit access: RBI Governor")
For sophisticated financial inclusion: Looking beyond distribution, access
The rising proportion of citizens interacting across the financial landscape also bears witness to growing financial inclusion
 "For sophisticated financial inclusion: Looking beyond distribution, access")
Alternatives to intervention: The case for freer markets, fewer distortions
Stepping in may address immediate pressures, but fewer distortions and freer markets could deliver more durable outcomes
 "Alternatives to intervention: The case for freer markets, fewer distortions")
Foreign currency inflows to support domestic liquidity: RBI's MPC member
The growth-inflation outlook remains clouded despite easing West Asia tensions, with risks from food prices and supply chains, says Bhattacharya
 "Foreign currency inflows to support domestic liquidity: RBI's MPC member")
Liquidity view fuels CRR hike possibility as RBI moves lift inflow outlook
Expectations of stronger forex inflows have sparked talk of an RBI CRR hike if surplus liquidity builds sharply by August
 "Liquidity view fuels CRR hike possibility as RBI moves lift inflow outlook")
Markets hope for weekly update of FCNR (B) inflows under swap scheme
Market participants expect the RBI to disclose FCNR(B) inflow data regularly after asking banks to submit daily figures under the special concessional scheme
Shifting composition: Dependence on services exports is increasing
Services exports are driving India's trade growth and resilience, but stronger manufacturing output remains essential for broad-based job creation and sustainable growth
 "Shifting composition: Dependence on services exports is increasing")
MPC Minutes: Need to stay watchful on inflation, says RBI governor
The Reserve Bank of India (RBI) on Friday released the minutes of meeting of the Monetary Policy Committee (MPC) held during June 3-5
 "MPC Minutes: Need to stay watchful on inflation, says RBI governor")
Banks' demand muted at RBI's VRR auction despite lower surplus liquidity
Banks bid for only ₹16,750 crore against the notified amount of ₹1 trillion, reflecting limited demand for short-term funds
 "Banks' demand muted at RBI's VRR auction despite lower surplus liquidity")
India's short-bond rally may lose steam as RBI drains excess cash: Analysts
Expectations of cash withdrawal operations and a possible increase in banks' cash reserve ratio are seen limiting further gains in short-term bonds
 "India's short-bond rally may lose steam as RBI drains excess cash: Analysts")
RBI steps up dollar buying to rebuild reserves, manage forward book
The central bank is using the rupee's recent strength to replenish foreign exchange reserves and manage its large short dollar forward position, dealers said
RBI cancels licence of Karnataka's Shree Mahalaxmi Co-op Credit Bank
On liquidation, about 97.9 per cent of depositors would receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC)
Citigroup scraps calls for RBI hikes as Iran deal cools price risks
India, which is heavily reliant on oil imports from the West Asia, faces headwinds from higher energy prices as well as forecasts of a weaker monsoon season as El Niño weather phenomenon takes hold
RBI not in favour of offshore settlement for govt bonds despite tax changes
The RBI had previously explored allowing settlement through offshore platforms to expand the foreign investor base for local currency debt, at a time when overseas interest was subdued
 "RBI not in favour of offshore settlement for govt bonds despite tax changes")
RBI liquidity measures drive steep decline in CD rates across tenors
Banks have begun pricing in stronger liquidity conditions after RBI measures to attract foreign inflows, reducing funding pressures and lowering short-term borrowing costs
Low-cost AI models are fuelling India's growing deepfake fraud threat
Customised applications built on open-source AI models are enabling sophisticated deepfake frauds at lower costs, raising concerns across banking, fintech and digital platforms
 "Low-cost AI models are fuelling India's growing deepfake fraud threat")
RBI injects ₹72,300 crore as advance tax outflows squeeze liquidity
Surplus liquidity fell to ₹23,881.21 crore on June 16 from ₹1.51 trillion a day earlier; overnight rates trade above repo rate
 "RBI injects ₹72,300 crore as advance tax outflows squeeze liquidity")