Page 155 - Reserve Bank Of India

Administrator seeks RBI nod to restructure Reliance Capital into four CICs

Will help bidders for its insurance business to avoid Irdai's 5-year lock-in

Global economy facing disruptions, India can't be decoupled: Rakesh Mohan

Country has to tailor its actions in response to international crises, says economist and former deputy governor of RBI

Rupee declines 0.8%, closes at fresh all-time low of 83 vs US dollar

Analysts say RBI is allowing the depreciation amid wider CAD and higher US interest rates

Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal

RBI Monetary Policy Committee (MPC) member Ashima Goyal on Wednesday said that the efforts of the Reserve Bank to contain price rise by repeatedly increasing interest rates will help in containing inflation, which is likely to fall below 6 per cent next year. Goyal further said that the policy rate hikes have largely reversed pandemic-time cuts but the real rate remains low enough not to hurt the growth recovery. "With a lag of two-three quarters, higher real rates will reduce demand in the economy. "International commodity prices are softening with the global slowdown and supply chain bottlenecks have reduced," she told PTI in a telephonic interview. In order to control rising inflation, the RBI on September 30, raised the short-term lending rate for the third consecutive time by 50 bps to take the repo rate to 5.9 per cent. Since May it has cumulatively increased the key interest rate by 190 basis points. "The Indian government is also taking action to reduce supply-side inflati

Rising global risks: India will need policy space

Given the global economic outlook, the policy focus should be to first preserve financial stability and not take undue policy risks

Banks offer over 3-year high interest rate to raise funds through CDs

Call mkt rates at higher end of rate corridor as liquidity shrinks rapidly

RBI's 2013 playbook to rebuild forex reserves unlikely to work: Analysts

The FCNR deposits route might not be as effective this time around for reasons like a narrower US-IN rate spread and less aggressive rate hikes in this cycle versus back in 2013, says an analyst

RBI's currency intervention ends up hurting rupee carry trade: Analysts

The Reserve Bank of India's currency intervention is making the rupee less attractive for carry traders, analysts said.

RBI should pause rate hikes as growth fears loom: MPC member Varma

India's central bank should pause interest rate hikes, despite unacceptably high inflation, to avoid stalling a recovery in economic growth, monetary policy committee member Jayant Varma said

As RBI spreads out Fx interventions, forward premium hits 11-year lows

The central bank looks to protect headline reserves, deter offshore/onshore arbitrage on Rs with buy-sell swaps in forex market

Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period

Outstanding NRI deposits declined to $134.68 billion at the end of August 2022 from $141.52 billion a year ago

Indians remitted $2.67 billion in August under LRS scheme, shows data

According to RBI data, in August, Indians remitted $467.52 million for overseas education, $330.70 million for maintenance of close relatives, and $221.31 million in gifts.

Can't expect inflation to drop faster by raising rates: Jayanth R Varma

I think we can bring inflation down to 5 per cent in a couple of quarters, says MPC member Varma

Bond yields ease as MPC minutes hint at slower interest rate hikes

1-year bond yield logs the sharpest fall in two-and-a-half months

Headline inflation might have peaked in September, says RBI report

But cautions that fight against price rise will be 'dogged and prolonged'

Regulation of wellness vs wealth offers a contrasting picture

The regulators of wealth in India are empowered and autonomous, unlike the regulators of wellness, leading to very different outcomes in the two sectors

India needs dedicated wing to release Green GDP estimates, says RBI article

India needs to set up a dedicated wing in the environment ministry to release estimates of Green GDP periodically on a regular basis and create a user-friendly data dissemination platform, said an RBI article. Green GDP takes into account estimates for environmental degradation, depletion of natural resources, and savings of resources and environment into the national income accounts. "Given the paucity of relevant data, estimation of Green GDP for India in this paper relies on an available global database and provides the starting point for future research in this area of environmental and economic accounting," the article said. The trajectory of Green GDP for India displays an upward movement with visible improvements particularly, since 2012, it added. The central bank said that the views expressed in the article are those of the authors and do not represent the views of the Reserve Bank of India. "Furthermore, resource depletion, CO2 emission and material footprint, especially

Rupee in narrow trading range as RBI's intervention reins in speculation

The Indian rupee on Monday held a narrow trading range once again as the Reserve Bank of India's likely intervention last week discourages speculators

Digital Banking Units to further augment digital infra, says RBI governor

The units will start will disbursing small ticket retail, MSME loans

India's real rate shouldn't be more than 1%: MPC member Ashima Goyal

In a Q&A, she says the interest differential with US does not matter so much because India has caps on interest sensitive inflows. Overseas investment is a very low share of the country's debt market