Page 179 - Reserve Bank Of India
ED probing some entities, employees over irregularities, says IndusInd Bank
IndusInd Bank says it has no credit exposure to the entities being investigated
 "ED probing some entities, employees over irregularities, says IndusInd Bank")
Looking at domestic flows, peak pessimism hasn't reached yet: ICICI Sec CIO
'Foreign institutional investment (FII) is expected to reverse when these macro headwinds stabilise for a few months'
 "Looking at domestic flows, peak pessimism hasn't reached yet: ICICI Sec CIO")
How the RBI is creating conditions for foreign flows to come back to India
The RBI announced five measures on July 6 to further liberalise foreign exchange. The measures are aimed at creating a more enabling environment to attract dollars through banking deposits, ECB, FPI
 "How the RBI is creating conditions for foreign flows to come back to India")
CAD as percentage of GDP: Nowhere near 2012-13 level, yet worrisome
If up to $50 billion is withdrawn from forex reserves to finance CAD, the country would still be able to meet nine month's imports. Any withdrawal beyond this could pose a problem
 "CAD as percentage of GDP: Nowhere near 2012-13 level, yet worrisome")
Extending export credit in rupee can boost its acceptability: Experts
However, the rupee can truly become internationalised only when it becomes freely convertible on capital account, they say
 "Extending export credit in rupee can boost its acceptability: Experts")
Banks revise foreign currency deposit rates in response to RBI's move
SBI, ICICI Bank and IDFC First Bank have raised interest rates on foreign currency non-resident deposits in response to the Reserve Bank's relaxation last week to shore up forex inflows.
 "Banks revise foreign currency deposit rates in response to RBI's move")
Pointed attack on inflation to continue, says FM Nirmala Sitharaman
The finance minister also foresees monsoon being favourable for agriculture. Production is expected to be good and rural demand is seen remaining intact
 "Pointed attack on inflation to continue, says FM Nirmala Sitharaman")
Taper tantrum playbook key for RBI as rupee continues slide to record lows
The rupee has declined almost 7% this year, bringing back memories of the selloff nearly a decade ago, when fiscal and current account deficits also widened
 "Taper tantrum playbook key for RBI as rupee continues slide to record lows")
Economists see waning urgency for India's RBI to go for large hikes
Citigroup Inc. economists expect a 35 basis-point increase in borrowing costs at the Reserve Bank of India's next Monetary Policy Committee meeting in August, a move also predicted by Barclays Plc
Top Headlines: Rupee settlement plan, eating out to get pricier, and more
The share of developed market currencies in India's trade has only been going up in recent decades. The share is up around 30 percentage points since the early 1990s. Read more in our top headlines
 "Top Headlines: Rupee settlement plan, eating out to get pricier, and more")
RBI governor Shaktikanta Das says will ensure orderly movement in rupee
India's currency has been on a downward spiral, falling 6.6% this year, as fears of a global recession and deteriorating external balances fuel outflows
 "RBI governor Shaktikanta Das says will ensure orderly movement in rupee")
RBI fines Ola Financial Services Rs 1.67 cr for not following directions
Ola Financial Services was found to be non-compliant with the directions issued by RBI on KYC requirements
Asian countries in talks for settling trade in domestic currencies
Countries to accept trading partners' currency; move aimed at reducing dollar dependence
 "Asian countries in talks for settling trade in domestic currencies")
Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data
Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback
 "Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data")
A makeover for North Block
The Indian economy faces tough challenges, but the pressure today is more on Mint Road
 "A makeover for North Block")
Trading gains
Rupee settlement will increase flexibility
Pointed attack on inflation will need to continue, says FM Sitharaman
Her remarks came hours after official data showed that retail inflation in June stood at 7.01%. The print was lower than 7.04% recorded in May but still higher than RBI's comfort level of 6%.
 "Pointed attack on inflation will need to continue, says FM Sitharaman")
Top headlines: Retail inflation eases to 7.01% in June; May IIP grows 19.6%
Industrial production growth zoomed to 19.6% in May, as per the National Statistical Office (NSO) data.
 "Top headlines: Retail inflation eases to 7.01% in June; May IIP grows 19.6%")
Ahead of inflation data, understanding how CPI is linked to RBI and markets
The Reserve Bank of India (RBI) hiked the benchmark interest rate, or repo rate, in May and then in June to control demand and liquidity in the economy
 "Ahead of inflation data, understanding how CPI is linked to RBI and markets")
RBI approves Meena Hemchandra as part-time chairman of Karur Vysya Bank
Private sector lender Karur Vysya Bank on Tuesday said the Reserve Bank of India (RBI) has approved the appointment of former RBI executive Meena Hemchandra as part-time chairman of the bank
 "RBI approves Meena Hemchandra as part-time chairman of Karur Vysya Bank")