Page 13 - Rbi
RBI MPC keeps repo rate unchanged at 5.25%, maintains 'neutral' stance
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at 5.25 per cent.
 "RBI MPC keeps repo rate unchanged at 5.25%, maintains 'neutral' stance")
RBI DG T Rabi Sankar criticises banks' arbitrage trades as rupee weakens
Since the RBI first clamped down to support the battered rupee, which had hit record lows and was staring at the 100 per dollar mark, the local currency has gained around 2%
 "RBI DG T Rabi Sankar criticises banks' arbitrage trades as rupee weakens")
Bankers see merit in RBI's one-hour e-payment lag despite cost concerns
Bankers support RBI's proposal for delayed digital payments to curb fraud, but flag infrastructure costs and suggest raising the threshold from Rs 10,000 to Rs 25,000
 "Bankers see merit in RBI's one-hour e-payment lag despite cost concerns")
RBI moots ₹1 trillion asset threshold for NBFC upper layer classification
Opens door for inclusion of state-owned NBFCs
 "RBI moots ₹1 trillion asset threshold for NBFC upper layer classification")
RBI's lagged credit proposal may raise costs, need switch changes
RBI's proposal for lagged credits in digital payments could require switch-level changes, raising costs for UPI ecosystem and banks, industry sources say
Utkarsh 2029: RBI targets digital currency, UPI global expansion drive
RBI unveils medium-term Utkarsh 2029 strategy focusing on CBDC expansion, UPI globalisation, ULI scale-up, and modernising currency management and regulation
 "Utkarsh 2029: RBI targets digital currency, UPI global expansion drive")
India's forex reserves increase after four weeks, up $9.06 billion
India's foreign exchange reserves rise $9.06 billion after four weeks, led by a sharp increase in gold reserves and modest gains in foreign currency assets
 "India's forex reserves increase after four weeks, up $9.06 billion")
Four executive directors in fray for RBI deputy governor's post
Vivek Deep, Rohit Jain, Radha Shyam Ratho and Ajay Kumar - all executive directors of RBI - will likely be interviewed for the post on Monday
 "Four executive directors in fray for RBI deputy governor's post")
RBI absorbs ₹2 trillion via 7-day VRRR auction, first in 4 months
RBI drains Rs 2 trillion surplus liquidity through VRRR auction, its first in four months, pushing bond yields higher amid excess liquidity in banking system
 "RBI absorbs ₹2 trillion via 7-day VRRR auction, first in 4 months")
RBI keeps repo rate unchanged; New curbs on digital payment frauds; RBI proposes scrapping IFR
RBI holds repo rate steady The Reserve Bank of India (RBI) kept the repo rate unchanged at 5.25%, maintaining a neutral stance.
 "RBI keeps repo rate unchanged; New curbs on digital payment frauds; RBI proposes scrapping IFR")
India's forex reserves jump $9 bn to $697.1 bn in week ended April 3
In the previous reporting week, overall forex reserves had dropped by $10.28 billion to $688.05 billion
 "India's forex reserves jump $9 bn to $697.1 bn in week ended April 3")
RBI to push for reporting of offshore rupee trades despite resistance
The RBI wants lenders to start sharing data on at least 70% of such derivative transactions, starting February 2027
 "RBI to push for reporting of offshore rupee trades despite resistance")
RBI's liquidity withdrawal move pushes up bond yields, swap rates
The Reserve Bank of India on Friday said it will conduct a variable rate reverse repo auction for ₹2 trillion ($21.58 billion), its first such operation in four months
 "RBI's liquidity withdrawal move pushes up bond yields, swap rates")
Bond market softens as RBI to withdraw cash in first move this year
The 10-year benchmark yield rose as much 4 basis points to 7 per cent after the Reserve Bank of India announced plans to withdraw liquidity of up to ₹2 trillion ($21.6 billion)
Reserve Bank announces 7-day cash withdrawal to absorb surplus liquidity
RBI will conduct a seven-day variable rate reverse repo auction for ₹2 trillion between 2 pm and 2:30 pm, and the reversal of these funds will take place on April 17
Biggest currency clampdown in a decade risks backfiring for India
Jefferies estimates banks could face losses of up to ₹5,000 crore ($539 million) from the forced unwinding
 "Biggest currency clampdown in a decade risks backfiring for India")
Banks exit bulk of rupee arbitrage positions ahead of RBI deadline
RBI imposed limits on banks on March 27, directing them to cap their net open positions in the rupee in the onshore market at $100 million, requiring that they comply by April 10
 "Banks exit bulk of rupee arbitrage positions ahead of RBI deadline")
RBI paper suggests 1-hour lag for digital payments over ₹10k to curb frauds
RBI proposes a one-hour delay for digital payments above Rs 10,000, alongside safeguards like trusted authentication and account monitoring, as fraud cases surge sharply
 "RBI paper suggests 1-hour lag for digital payments over ₹10k to curb frauds")
RBI speeds up cross-border inflows with faster customer credits
Banks need to put in place a straight-through process for crediting the inward payments to individual accounts
 "RBI speeds up cross-border inflows with faster customer credits")
RBI allows NBFCs access to term money market; volumes likely to rise
Move expected to improve liquidity and price discovery, though borrowing costs may remain aligned with commercial paper rates due to credit profile differences