Central bank's rate hike and easing dollar index lend support to domestic currency
Das reiterated on Friday the RBI does not target any particular level for the domestic exchange rate and only intervenes in the market to smoothen out excessive volatility
Das says RBI won't make public the communication on failure of achieving target to govt
The fall in the liquidity surplus is owing to multiple factors, including the RBI's interventions in the forex market and a sharp pick-up in bank credit growth, which is currently at nine-year highs
CPI inflation for the current financial year is seen at 6.7%, with the price gauge seen at 7.1% in July-September
The RBI's Monetary Policy Committee will announce its next statement on Friday.
Loan, deposit growth gap at 10-year high
Services exports, remittances show momentum in Q1
RBI may have sold more than $1 bln in FX mkt, prevented rupee from breaching 82/$1
So far in 2022, the rupee has depreciated around 9.2% against US dollar
Call rate closes at highest since October 2019 as liquidity tightens
The loans for these categories, which fall under a scheme titled 'Festive Treats 4.0', are applicable till October 31, 2022, the bank's website showed
Green bonds are debt instruments the proceeds of which are utilised to finance projects that are beneficial to the environment
The rupee has depreciated 9.7 per cent against the dollar since September 2021
BoP deficit, longer US tightening cycle may lead to slower pace of RBI intervention
RBI may have sold around $1 bn, but experts see pace of intervention declining
Dealers say RBI had not yet significantly intervened in the foreign exchange market through dollar sales
So far in 2022, the local currency has depreciated 8.2 per cent versus the greenback
The RBI has set three parameters for YES Bank before it can leave the reconstruction scheme
Forex traders await cues on RBI's intervention strategy post the recent slump in rupee