Page 10 - Central Bank

India's forex reserves drop $5.9 bn in a week as RBI sells dollars

In two weeks, the country's foreign exchange reserves have dropped over $10 billion as the central bank stepped up intervention in the foreign exchange market

RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal

Central bank has to target inflation but with 'awareness of nuances',' she says in interview.

India's foreign exchange reserves decline $4.6 billion to $596 billion

RBI has been selling dollars to curb any rapid depreciation of the rupee

Targeting 'soft landing' for economy: RBI governor Shaktikanta Das

He countered arguments that the central bank should have acted early to tackle the price rise and that it was behind the curve

Pakistan central bank hikes main policy rate by 150 bps to 13.75%

The country is going through economic turmoil, including high inflation, reserves declining to as low as less than two months' of imports and a fast-weakening currency

Afghanistan central bank to inject $12 mn to stabilise local currency

Since the Taliban's takeover of Afghanistan in August last year, the US has frozen more than $9 billion of assets of the central bank, thus undermining the banking system of the war-torn country

RBI looking for at least 50,000 sq ft office space in BKC, South Mumbai

The Reserve Bank of India (RBI) is planning to take on lease at least 50,000 square feet of office space in Bandra Kurla Complex (BKC) and South Mumbai. According to an Expression of Interest (EoI) floated by the RBI, the acquisition of office premises is proposed on a long-term lease basis for a minimum 40,000 square feet carpet area located in and around BKC within a radius of 5 km from its BKC office. In another EoI, the RBI said the acquisition of office premises is proposed on long-term lease basis for at least 10,000 square feet carpet area located in and around South Mumbai within a radius of 5 km from its Fort office. Both the buildings should project a professional and aesthetically pleasing appearance and should be approved for office use, the central bank added. Cushman & Wakefield India Pvt Ltd is the appointed realty consultant agency for handling the work related to taking on lease commercial office premises in Mumbai, the RBI said. Gagan Randev, Executive Director,

A Panglossian countenance on inflation

Central bank communication had moved decisively from "secrecy" to "transparency and accountability" over the decades.

We see clear advantages in a central bank driven digital currency: FM

FM Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the RBI and the government sees clear advantages in a central bank driven digital currency

Commodities will be biggest gainers of Russia-Ukraine crisis: B Gopkumar

As long as the Russia-Ukraine heat continues, commodities will be the dominating theme versus the consumption theme said B Gopkumar, MD and CEO at Axis Securities.

India needs to initially go for basic model for CBDC, says RBI report

In its basic form, a CBDC provides a safe, robust, and convenient alternative to physical cash

South Korea central bank sees inflation standing above 2% target for longer

Consumer inflation accelerated to a decade-high of 3.7% in November from a year earlier, while core CPI, which excludes volatile food and fuel, rose to 1.9%

How low can you go? Here are five questions for Turkey's central bank

The bank has slashed its key rate by 400 basis points to 15% since September as part of Erdogan's plan to prioritise exports and lending

With bond-buying 'taper' on track, Fed turns wary eye to inflation

Investors in recent weeks increased bets that inflation will force the US central bank to increase interest rates sooner rather than later

Gold inches lower on dollar uptick; focus on key central bank meetings

Gold prices edged lower, weighed down by an uptick in the dollar

Reform-oriented governance reason for market outperformance: Mukul Kochhar

In an interview, Kochhar says monetary policy normalisation is a definite risk but India is better placed, thanks to its strong macros

No formal notification yet on asset freeze: Afghanistan's central bank

Afghanistan's central bank, Da Afghanistan Bank (DBA), has said it has so far not received any formal notification concerning the freezing of its assets

Sri Lanka's central bank governor Lakshman resigns amid reserves crisis

Sri Lanka did not immediately announce a successor to Lakshman, who took up the post in December 2019. The government said he would step down on Tuesday

RBI says inflation is on track to meet projections for rest of FY22

The RBI is mandated to bring down retail inflation to 4% over the medium term while keeping it within a range of 2-6%, a band it has breached twice this year.

Govt banks continue to have truncated boards, 10 don't even have a chairman

Meeting quorum of board sub-committees becomes difficult sometimes, say bankers