Page 67 - Rbi

Economic growth poised to rebound as demand regains strength: RBI Bulletin

India's economic growth is poised to rebound as domestic demand regains strength, though the stickiness in food inflation warrants careful monitoring, the latest RBI Bulletin released on Friday said. An article on the 'State of the Economy' published in the January Bulletin also noted that the economic outlook for 2025 is divergent across countries with some loss of speed in the US; weak-to-modest recoveries in Europe and Japan; more moderate growth profiles in emerging and developing countries alongside a more gradual disinflation relative to advanced economies. "In India, there is a conducive quickening of high-frequency indicators of economic activity in the second half of 2024-25, bearing out the implicit pick-up in real GDP growth for this period in the annual first advance estimates of the NSO," it said. It further said, the headline inflation eased for the second successive month in December, although the stickiness in food inflation warrants careful monitoring of second orde

Misguided rhetoric on rupee: Clearing doubts on depreciation, RBI action

Let us look at the data. We find out technically that there was a regime shift in terms of movements in the value of the rupee when it crossed 80 to the dollar in August 2022

Tata Sons' de-registration application under consideration, says RBI

On Thursday, the regulator released the list of NBFC-UL for 2024-25 in which 15 entities are named, same as financial year 2023-24. No new NBFCs were included in the list for FY25

RBI issue revised guidelines for inoperative accounts, unclaimed deposits

Purpose is to assist bank customers and consolidate operational instructions on inoperative accounts

RBI updates Fema regulations to boost cross-border rupee transactions

The RBI has updated FEMA regulations to encourage cross-border INR transactions, including settling trade, investments, and export payments, with foreign currency accounts allowed

RBI must shun excessive forex market intervention, says former head

Rupee tested a series of new lows recently, slipping to an all-time low of 86.7025 per dollar on Jan 14, and rose 0.3 per cent on January 15

RBI to conduct daily VRR auctions from Friday to infuse liquidity

Move to ease liquidity concerns; set to begin with Rs 50,000 crore

Why did RBI replace flexible exchange rate with de facto peg against dollar

The RBI must come out with an official explanation, but until it does, we can only guess. But there are a few reasonable hypotheses

RBI rejigs deputy guv portfolios; Rajeshwar Rao takes monetary policy dept

The government has already started the process of finding a successor for Patra

RBI Governor Malhotra shows willingness for a more flexible rupee

Malhotra showed keen interest in the RBI's currency intervention functions and expressed no opposition when his team explained the recent movements in the rupee and the need to allow it to depreciate

RBI likely to manage FX reserves judiciously amid global headwinds

The Reserve Bank of India will continue to intervene as and when necessary to smoothen volatility, but won't go against the tide and massively intervene to protect any levels

Is foreign exchange rate stability desirable? Not really, data shows

RBI showing greater tolerance for exchange rate under Governor Malhotra

Ahead of Feb policy, RBI guv Malhotra to meet bank chiefs on Thursday

The interaction is part of the pre-monetary policy consultations

Best of BS Opinion: How much change and continuity can we expect this year?

The best of Business Standard's opinion pieces for today, curated for you

Field agents at a crossroads: The BC channel is ripe for being reimagined

The business correspondent channel is sought to be reworked with more offerings being hawked on it

Bankers ask RBI for durable liquidity as deficit mounts to Rs 2 trillion

Economists are of the opinion that given the prevailing liquidity conditions, the RBI should prioritise liquidity management over rate cuts

Lenders must offer fixed-rate products for EMI-based loans, says RBI

While lenders offer fixed rate auto loans, unsecured personal loans, not many banks and NBFCs have fixed rate products for home loans

Mandatory for banks to offer fixed interest rate product: RBI's FAQs

The RBI on Friday said it is mandatory for banks to offer fixed interest rate product in all equated installment based personal loan categories. The FAQs on 'Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans' (August 2023) also said the circular covers all equated installment based personal loans, irrespective of whether the interest rate is linked to an external benchmark or an internal benchmark. At the time of sanction of loans, annualised rate of interest/ annual percentage rate (APR), as applicable, should be disclosed in the Key Fact Statement (KFS) and the loan agreement, the FAQs said when and at what frequency should banks and other regulated entities (REs) communicate with the borrower. During the tenure of the loan, any increase in the EMI/tenor on account of the external benchmark rate should be communicated. The quarterly statements should be provided disclosing at the minimum, the principal and interest recovered till date, EMI

Rupee hits 86 against US dollar for the first time, closes 14 paise lower

The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said. Also, dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administration after Donald Trump takes over as president on January 20. At the interbank foreign exchange, the rupee opened at 85.88, hit the intra-day peak of 85.85 before settling at the lowest-ever level of 86.00 (provisional) against the greenback, 14 paise lower from its previous close. On Thursday, the rupee gained 5 paise to settle at 85.86 against the US dollar, recovering from the steep decline of 17 paise in the preceding session. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said t

Fund managers see RBI boosting liquidity before interest rate cuts

The RBI is one of the few central banks globally that is yet to cut interest rates despite repeated calls for easing amid a slowing economy