Page 42 - Latest Updates on Shaktikanta Das
Rate-hike bets in India escalate ahead of possible global tightening
Five-year interest-rate swaps jumped 63 basis points in February, reflecting growing expectations of a tighter monetary policy
 "Rate-hike bets in India escalate ahead of possible global tightening")
India Inc's borrowing costs shoot up as credit growth gains momentum
5-year govt bond yields have risen to over 50 bps since the Budget 2021 has been presented.
 "India Inc's borrowing costs shoot up as credit growth gains momentum")
RBI Governor expresses optimism about Covid following roll-out of vaccines
RBI Governor Shaktikanta Das expressed optimism about the overall COVID-19 situation following the rollout of the vaccines and complimented all the SAARC central banks for their efforts
 "RBI Governor expresses optimism about Covid following roll-out of vaccines")
Inflation range of 2-6% is appropriate for monetary policy: RBI report
Even as the foreword of the report has been written by RBI governor Shaktikanta Das, the report is not the official view of the central bank
 "Inflation range of 2-6% is appropriate for monetary policy: RBI report")
Internationalisation of the rupee is 'inevitable', says RBI report
Internationalisation means the currency can be freely transacted by both resident and non-residents, and be used as a reserve currency for global trades
 "Internationalisation of the rupee is 'inevitable', says RBI report")
RBI balance sheet not compromised by liquidity operations: Shaktikanta Das
The centre and state governments likely to reduce taxes to bring down high fuel prices
 "RBI balance sheet not compromised by liquidity operations: Shaktikanta Das")
RBI's asset purchases did not dilute its balance sheet: Governor
Das on Thursday said the central bank's asset purchases did not dilute its balance sheet or compromise on core principles of central banking
MSME emerged as growth engine of economy, showing revival: RBI Governor
The sector has been rendered vulnerable by the pandemic necessitating concerted effected effects to combat the stress and focus on the revival of the sector
RBI chief asks markets for trust, as bonds suffer post-budget sell-off
The benchmark 10-year bond yield, at 6.17%, was up 22 basis points since its low last week
Reserve Bank of India concerned crypto may impact financial stability
Prime Minister Narendra Modi's administration is proposing to prohibit all private cryptocurrencies in the country and create a framework for an official digital currency
 "Reserve Bank of India concerned crypto may impact financial stability")
MPC minutes: Unwinding high indirect taxes on fuel critical, says Das
Fall in inflation gives MPC room to continue to support growth in economy
MPC minutes: Growth momentum needs to strengthen further, says RBI Guv
The Reserve Bank remains committed to ensure the availability of ample liquidity in the system to foster congenial financial conditions, says Governor
 "MPC minutes: Growth momentum needs to strengthen further, says RBI Guv")
Finance Ministry asks RBI to ensure a higher dividend for govt in FY22
RBI advises against any change in inflation goalposts, monetary policy targets
 "Finance Ministry asks RBI to ensure a higher dividend for govt in FY22")
FM Sitharaman explains govt priorities in post-Budget address to RBI
The meeting on Tuesday was chaired by RBI Governor Shaktikanta Das through video conferencing
 "FM Sitharaman explains govt priorities in post-Budget address to RBI")
Primary dealer fees rise over 40x as RBI lures them to underwrite auctions
The central bank is offering commissions as high as 50 paise per Rs 100 face value for a bond maturing in 2050, compared with just 1.24 paise on April 30, 2020
 "Primary dealer fees rise over 40x as RBI lures them to underwrite auctions")
RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10
The central bank on Friday devolved nearly the entire bond auction on primary dealers, as the markets were demanding higher yields for five-year and 10-year bonds being sold
 "RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10")
Why bonds dealers chose to ignore Shaktikanta Das' nationalist call
There's a tug-of-war between the RBI and the bond market, as the central bank refuses to accept higher yields
 "Why bonds dealers chose to ignore Shaktikanta Das' nationalist call")
RBI plans Rs 3 trillion in sovereign bond purchases to cap yield at 6%
The Reserve Bank of India has so far bought about Rs 2.5 trillion of net debt in the current financial year
 "RBI plans Rs 3 trillion in sovereign bond purchases to cap yield at 6%")
Policy normalisation path
RBI will need to do a tough balancing act
 "Policy normalisation path")
Big reforms: RBI gives retail investors direct access to govt bonds market
India, in fact, will be the third nation in the world after the United States and Brazil, where retail participants can take direct exposure on the government bond market
 "Big reforms: RBI gives retail investors direct access to govt bonds market")