So far in 2022, the Indian currency has weakened 9.9 per cent against the US dollar
Rates on CPs, CDs surge; pressure mounts on banks to raise deposits
MPC may decide RBI's response to govt on the matter; Unlike earlier off-cycle meetings in which interest rate action was taken outside schedule without prior notice, this one was announced in advance
At 3:30 pm IST on Thursday, the US dollar index was at 110.09 as against 112.02 at the same time on Tuesday
Delhi's Chief Minister Arvind Kejriwal said that efforts to make India wealthy would only bear fruit with blessings from gods and goddesses.
The announcement notifying an additional meeting of the MPC has been made as per Section 45ZI (4) of the RBI Act 1934, the RBI said on Thursday
Lack of repo suggests RBI tolerance of higher money mkt rates: Analysts
The key factors that have wreaked havoc on fixed-income and currency markets are the Russian invasion of Ukraine and the US Fed's decision to embark upon the most aggressive monetary tightening cycle
Aiming for 15% growth in advances in FY23, 20% in FY24, said RBL Bank MD, CEO
The fall in foreign exchange reserves was primarily on account of a decline in the RBI's foreign currency assets that fell $2.8 billion on-week to $468.87 billion
Internationalisation of rupee reduces need for FX reserves
Profits would have been higher if not for aggressive provisioning: IDBI Bank CEO
Central bank may have sold around $1 billion in Fx market on Thursday
Not looking to raise capital immediately for Citi deal: MD-CEO
RBI not yet seen intervening heavily for the rupee, expected to step in around 83.40/$1 mark
Analysts say RBI is allowing the depreciation amid wider CAD and higher US interest rates
Should see 18-20% credit growth in FY23 says Sumant Kathpalia, MD & CEO, IndusInd Bank
RBI says that the inflation might have hit the peak and it could start to lose steam from now. Some say the RBI should breathe easy, while others say it shouldn't. Is the worst of inflation behind us
Call mkt rates at higher end of rate corridor as liquidity shrinks rapidly
The central bank looks to protect headline reserves, deter offshore/onshore arbitrage on Rs with buy-sell swaps in forex market