Page 238 - Reserve Bank Of India

Rising Covid-19 infections may hit RBI's inflation maths, say experts

Consumer price index (CPI)-based inflation rose to 5.52 per cent in March, from 5.03 per cent in February. Core inflation was at 5.7 per cent.

Rupee falls below 75 to dollar on massive equity sell off; RBI intervenes

Indian unit was again the worst performer in the region, shedding 0.42% to the dollar. But most other Asian currencies lost too

Be watchful of Covid situation, push credit flows: Shaktikanta Das to banks

Takes stock of the progress in implementing Covid resolution framework

Remain watchful of evolving situation, push credit flows: RBI Guv to banks

RBI Governor Das asked banks to remain watchful of the evolving situation

Best of BS Opinion: Sebi's delay makes RIL order absurd, RBI policy & more

Here's a selection of Business Standard opinion pieces for the day

End of the plastic smile: Tectonic change is roiling credit card industry

Tectonic change is roiling the credit card industry, and the rules of the game are being reset

Sudden movement of the rupee is not a reason to panic, say currency dealers

According to them, a correction was overdue for the rupee that remained the best performing currency in the region for well over a month

April monetary policy a fine balancing act

Structurally, it's a well-crafted policy. But like in cricket and politics, things can change dramatically for a central bank in a very short time

10-year bond yield drops to 5.97% in morning trade but closes at 6.02%

In the first auction of the fiscal year, the RBI raised Rs 37,853 crore using greenshoe options instead of the planned Rs 32,000 crore

Fitch sees Reserve Bank of India holding interest rates through FY22

Fitch Solutions sees RBI keeping benchmark interest rates unchanged during the fiscal to March 2022 following its decision to buy Rs 1 trillion of government bonds

E-wallets are similar to bank accounts, but more convenient: Experts

Will help those who can't ensure minimum balance

Banks will need to refund Rs 4,500 cr compound interest to borrowers

This follows Reserve Bank of India's directive to banks to refund compound interest levied during six-months moratorium, according to Kotak Institutional Equities

Payments banks can now hold max balance of Rs 2 lakh per customer

The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks to Rs 2 lakh from Rs 1 lakh earlier with immediate effect

First purchase of G-secs worth Rs 25,000 cr under G-SAP 1.0 on Apr 15: RBI

RBI said the first purchase of government securities worth Rs 25,000 crore under the G-sec Acquisition Programme will be done on April 15 with a view to enabling a stable evolution of the yield curve

Indian consumers turn more glum about future, less likely to spend: Survey

The reasons for the pessimism were deteriorating sentiments on general economic situation, income and prices, the RBI said. The current situation index had hit a record low of 49.9 in September

Best of BS Opinion: Data breach menace, Chinese dreams of future & more

Here's a selection of Business Standard opinion pieces for the day

Benchmark indices continue winning streak on RBI's accommodative stance

The Sensex rose 460 points, or 0.94 per cent, to close at 49,662, while the Nifty50 added 136 points, or 0.92 per cent, to end the session at 14,819

We have given G-SAP 1.0 a distinct character, say RBI's Das & Patra

We are giving up this discretion to give an explicit assurance to the markets that we will assist them in the conduct of the borrowing programme, said Patra

Monetary policy review: RBI changes the way it forecasts inflation rate

The amendments come just days after the RBI won approval from the government to retain its 2-6 per cent inflation target range for the next five years

Data breach menace

India needs an effective privacy law quickly