Page 28 - Rbi Policy

Overnight swaps suggest RBI likely to hold interest rates through 2024

OIS markets reflect interest rate expectations, with higher rates indicating elevated interest rates for a longer period

The last mile

Climate issues can complicate monetary policy

How self-regulatory organisations may set their relationship with Mint Road

The risk is that there could be a multiplicity of SROs, leading to pull and push pressures

Monetary policy review: Optimism on growth, caution on inflation

Five of the six members of the RBI's MPC panel have voted for the status quo on both the policy rate and stance

RBI turns down request to remove 'small finance' tag from bank name

Retaining it crucial given mandate for financial inclusion

RBI to release final framework for fintech SROs by April-end: Governor Das

Das said the banking regulator was working towards operationalising one SRO for fintechs by the Global Fintech Festival (GFF) scheduled in September

Rupee rises 9 paise to 83.30 against US dollar post RBI policy decision

The rupee appreciated 9 paise to close at 83.30 (provisional) against the US dollar as the Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 6.5 per cent for the seventh time in a row. However, a strong US dollar against major rivals overseas and elevated crude oil prices capped sharp gains for the local unit, forex traders said. At the interbank foreign exchange market, the local unit opened at 83.44 against the greenback. The unit hit an intra-day high of 83.26 and a low of 83.45. The local unit finally settled at 83.30 (provisional) against the dollar, 9 paise higher from its previous close. On Thursday, the rupee recovered 14 paise to close at 83.39 against the US dollar. The rupee gained as the RBI's monetary policy remained the focus. The central bank kept CPI and GDP projections for FY25 unchanged at 4.5 per cent and 7 per cent, respectively, said Anuj Choudhary Research Analyst, Sharekhan by BNP Paribas. "After a detailed assessment of the evol

Stock Market Highlights, April 5: Sensex, Nifty end flat after RBI policy; Bank, realty, FMCG shares rally

Stock market updates on Friday, April 05: Among sectors, the Nifty Realty index gained 1.5 per cent, followed by the Nifty Bank (up 0.9 per cent).

RBI MPC keeps repo rate unchanged: What home loan borrowers must do now

A steady repo rate indicates a consistent outlook for interest rates for borrowers, offering reassurance to homebuyers about stable loan interest rates, says Adhil Shetty, CEO of Bankbazaar.com

RBI MPC: Here are the major announcements made by Governor Shaktikanta Das

The Reserve Bank of India put the estimated real GDP growth for FY25 at 7 per cent

Fixed deposit rates in April 2024: Why it's prime time for FD investments

According to experts, the RBI might adjust interest rates towards this year's end. Therefore, it could be wise to invest in FDs now, taking advantage of the current higher interest rates

Govt to broaden e-rupee distribution beyond banks to boost retail use: RBI

It has now proposed that non-bank payment system operators, which include third-party payment app providers like PhonePe, Google Pay and Paytm, offer the e-rupee through CBDC wallets

RBI reiterates FX exposure must for rupee exchange derivative transactions

The RBI on Thursday delayed the implementation of its consolidated directions for exchange-traded currency derivatives by a month

RBI to permit investment, trading of Sovereign Green Bonds at Gujarat IFSC

The Reserve Bank on Friday announced that it will allow investment and trading of Sovereign Green Bonds (SGrBs) at the International Financial Services Centre (IFSC), Gandhinagar. Based on an announcement in the Union Budget for 2022-23, the government issued Sovereign Green Bonds (SGrBs) in January 2023. Subsequently, SGrBs were issued as part of the government borrowing calendar in 2023-24. At present, foreign portfolio investors (FPIs) registered with SEBI are permitted to invest in SGrBs under the different routes available for investment by FPIs in government securities. "With a view to facilitating wider non-resident participation in SGrBs, it has been decided to permit eligible foreign investors in the International Financial Services Centre (IFSC) to also invest in such bonds," RBI Governor Shaktikanta Das said, while announcing the first bi-monthly policy for FY'25. A scheme for investment and trading in SGrBs by eligible foreign investors in IFSC is being notified separat

Rate sensitive shares trade firm as RBI keeps repo rate unchanged at 6.5%

At 10:39 am; the Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Private Bank and Nifty Realty index are trading in green and quoting higher by up to 1.7 per cent

RBI MPC: Indian bond yields expected to be steady ahead of announcement

Das stressed that RBI may consider rate cuts only once retail inflation eases towards the RBI's 4% target on a sustainable basis

Stocks to Watch, April 5:Banks, Auto, Sobha, Equitas SFB, SCI, Ireda, Cipla

Stocks to Watch on Friday, April 5, 2024: Shares of financial, automobile, and real estate companies would be on radar as the RBI is set to announce the first repo rate decision of FY25

Govt bond yields little changed ahead of Friday's key interest decision

The benchmark 10-year bond yield ended at 7.0934%, following its previous close of 7.1030%

Foreign exchange derivatives market in a fix before new RBI rules

Average daily turnover may decline further; Rupee slips to fresh low vs Dollar

'No change in RBI's stance on underlying exposure to forex derivatives'

The RBI had said in January that effective April 5, exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"