Page 29 - Rbi Policy

First RBI MPC meet for FY25 starts today: Here is all you need to know

RBI Policy Meet: Experts believe the RBI will keep the repo rate unchanged at 6.5% and focus on bringing inflation towards the 4% target

Inclusion in key global bond indices boosts money flows into India

Corporate bonds have also benefited from flows into government debt as the former is largely priced off sovereign notes

MPC may keep repo rate, stance unchanged at FY25's 1st meet: BS Poll

The RBI will announce the review of the policy on April 5

India's forex reserves rise by $140 mn to hit fresh peak of $642.63 bn

India's forex reserves increased by USD 140 million to touch its all-time high of USD 642.631 billion during the week ended March 22, the Reserve Bank said. This is the fifth consecutive week of a jump in the overall reserves. The kitty had increased by USD 6.396 billion to USD 642.492 billion in the previous reporting week. The previous peak level was recorded in September 2021 when the country's foreign exchange reserves reached USD 642.453 billion. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended March 22, the foreign currency assets, a major component of the reserves, decreased by USD 123 million to USD 568.264 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves

'RBI keen to further build up record high forex reserves to create buffer'

The Reserve Bank of India's (RBI) FX reserves rose to a record high of $642.49 billion as of March 15

Rupee's decline to record low triggers biggest selloff in Indian bonds

The selloff came on the day when the rupee fell by the most in six months

RBI's regulatory clampdown may tighten loan growth next year: S&P Global

The regulatory actions would enhance the operational resilience of the system, says the rating agency

RBI's regulatory scrutiny may raise lenders' capital costs: S&P Global

MUMBAI (Reuters) - The Reserve Bank of India's (RBI) heightened regulatory scrutiny of lenders will improve governance and curtail exuberant lending but may raise their cost of capital as well as slow loan growth, S&P Global Ratings said on Tuesday.

India making a mistake believing 'hype' about growth, says Raghuram Rajan

Rajan said it was "nonsense" to talk of that goal "if so many of your kids don't have a high school education" and drop-out rates are high

Rupee recovers from all-time lows; rises 29 paise to 83.32 per dollar

The rupee recovered from its all-time low level and appreciated 29 paise to 83.32 against the US dollar in early trade on Tuesday. At the interbank foreign exchange, the domestic currency opened at 83.33 and it gained ground and touched 83.32 against the greenback in initial deals, registering a gain of 29 paise from its previous close. On Friday, the rupee depreciated 48 paise to settle at an all-time low of 83.61 against the American currency. Forex, equity markets were closed on Monday on account of Holi. Market analysts said, for the domestic unit, record forex reserves provide a cushion, enabling the Reserve Bank to mitigate the rupee's downside. India's forex reserves increased by USD 6.396 billion to USD 642.492 billion for the week ended March 15, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by USD 10.47 billion to USD 636.095 billion. "With RBI accumulating reserves they would endeavour to protect the rupee to some exte

RBI likely to hold rates steady until at least July on strong growth: Poll

All 56 economists in the March 15-22 Reuters poll expected the RBI to hold the repo rate at 6.50% at the conclusion of its April 3-5 meeting

Amazon Pay to ramp up Smart Stores service partnership to 150 brands

The company has launched 18,000 Smart Stores in India since its inception in 2019

How the RBI is minting a new nationwide currency logistics framework

RBI issues, manages currency through 19 offices, currency chests, small coin depots

Fitch raises GDP growth estimates for FY24, FY25, tempers view on rate cuts

The RBI has kept the repo rate unchanged at 6.50% for the last six consecutive meetings and has reiterated its commitment to reaching the 4% inflation target on a sustainable basis

Government allows RBI to import gold without paying import levies

As of September 2023, the Reserve Bank of India held 800.79 metric tonnes of gold, including gold deposits of 39.89 tonnes

As Rupee appreciates, importers take advantage of unexpected up move

The rupee has been in a narrow 3 paisa range, having reached a more than six-month high on Monday

RBI, Bank Indonesia agree to use local currencies for bilateral trade

This framework would enable exporters and importers to invoice and pay in their respective domestic currencies, which in turn would enable the development of an INR-IDR foreign exchange market

Banks must give customers choice to select credit card network: RBI

Some arrangements between card networks and issuers are 'not conducive' for customers, it says

RBI directs credit card issuers to give users choice of other networks

RBI on Wednesday said issuers of credit cards shall not enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks

Taking steps to meet RBI's concern: IIFL Fin after ban on giving gold loans

Company has enough liquidity and there is no governance at play, says NBFC's managing director