Page 8 - Rbi Policy

RBI net sells $3.6 bn in Jun, net short dollar position dips to $60.39 bn

The RBI reversed its forex stance in June with $3.6 bn net sales, while rupee's REER stayed flat and forward dollar short positions dropped further to $60.39 bn

India's economy resilient but US trade policies a risk: RBI bulletin

Average headline inflation, meanwhile, is seen remaining significantly below the central bank's target of 4 per cent this financial year, according to the RBI bulletin

India should continue with its flexible inflation targeting framework

Continuing with the FIT framework will ensure policy certainty in these uncertain times

Nikki Bhati dowry death case, RBI on US tariffs, Fitch affirms India’s rating at ‘BBB-’ & more top #newsinamin

RBI Governor Sanjay Malhotra on Monday said the central bank will respond with policy measures if the 50% US tariffs, effective Wednesday, hurt India’s growth.

India's $695 billion reserves can cover 11 months of exports: RBI Governor

RBI Governor Sanjay Malhotra said India's forex reserves at $695 billion can cover 11 months of imports, giving the economy a strong buffer against global shocks ahead of Aug 27 tariff deadline

Rising yields rattle India's bond market rally as investors turn cautious

Fears of a widening deficit have pushed up the benchmark yield by 18 basis points this month, with the bulk of that rise coming last week

Best of BS Opinion: The RBI's current policy framework has worked well

Today's Opinion Page looks at the RBI's recent discussion paper on inflation targeting, OpenAI's plans for India, the role of institutions in growth, and the recent GST rate cuts boost to growth

NRIs face residency test upon India return, must stick to 182-day rule

Given the lack of legal clarity in India around status, assuming they are residents immediately after return could invite penalties and prosecution

A time to handhold: Lenders must support MSMEs as tariff woes rise

As MSME tariff woes increase, lenders have to work closely with smaller industries, even as demand for a lifeline grows, reports Raghu Mohan

RBI board to meet Friday to approve new internal monetary policy member

The RBI board will approve Indranil Bhattacharyya as the new internal member of the monetary policy committee, replacing Rajiv Ranjan ahead of the next review in late September

Future policy actions dependent on growth-inflation dynamics: Nagesh Kumar

Hopefully, the penal tariffs for Russian oil purchase will be withdrawn, and the ongoing bilateral trade negotiations will succeed in eventually bringing down the US tariffs on Indian exports to more

'If 50% tariffs continue, near-term adverse impact on growth very likely'

The importance of domestic savings is likely to increase, given the uncertainties on our external balance

RBI shifting towards principle- and outcome-based regulatory framework: Rao

RBI Deputy Governor M Rajeshwar Rao said the central bank is gradually transitioning to a principle- and outcome-based regulatory framework to ensure flexibility and resilience

RBI moots revision in capital charge norms for counterparty credit risks

The revision pertaining to CCR is proposed to largely align with the Basel Committee on Banking Supervision (BCBS) guidelines, reflecting the development and depth of the respective market segments

IRCTC harbours fintech ambitions with new payment aggregator entity

With RBI's in-principle nod for IRCTC Payments, the rail PSU plans to process transactions in-house, cut costs, and expand payment services beyond railways

WPI inflation dips for 2nd month, hits 25-month low of -0.58% in July

The negative rate of inflation in July is primarily due to a decrease in prices of food articles, mineral oils, crude petroleum and natural gas, manufacture of basic metals

ICICI Bank revises minimum account balance to ₹15,000 from ₹50,000

The revised MAB for new accounts now stands at Rs 15,000 for metro and urban areas, Rs 7,500 for semi-urban, and Rs 2,500 for rural branches, effective August 1

Nominee, survivorship clause can ease heirs' bank account, locker claims

For claims without a nominee, heirs should be prepared to submit succession certificates or letters of administration for larger amounts

Fiscal policy must match banking reality in bad loans amid economic shifts

The new framework introduces a principle-based regime, harmonises treatment across banks and non-banking financial companies (NBFCs)

Money changers demand relief as accounts frozen over suspicious transfers

The industry body for foreign exchange providers, or money-changers, says accounts of members are being frozen on suspicion of proceeds received unknowingly from fraudsters through multi-layering of f