Page 64 - Reserve Bank Of India

RBI MPC: Inflation remains a key concern, Das expects relief in Q4 FY25

The RBI Governor Shaktikanta Das in his MPC announcement said that factors like frequent weather disruptions, geopolitical tensions, and financial market volatility pose significant risks to inflation

RBI keeps repo rate unchanged at 6.5%, lowers FY25 GDP growth forecast

Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future

RBI MPC: Policy likely to ease through liquidity if not rates, say analysts

MPC is largely expected to hold the key policy rate steady at 6.5 per cent for the eleventh straight meeting, but a few economists have forecast a 25 basis points (bps) cut

RBI Monetary Policy: Date, time, & where to watch Shaktikanta Das live

The RBI's crucial Monetary Policy review is underway, with Governor Shaktikanta Das set to reveal key decisions on December 6 at 10 am. Here's what you need to know

RBI approves Canara Bank's stake sale in MF, insurance subsidiaries via IPO

Canara Robeco AMC was established in 1993 and was initially known as Canbank Mutual Fund

News updates: Nykaa Fashion CEO Nihir Parikh quits with immediate effect

Catch all the major news updates from across the world here

Rupee weakness will not deter RBI from cutting rates, says Nomura

Nomura noted that high prices were concentrated in a few items, including food, rather than being broad-based, and that inflation excluding vegetables and other volatile items was still subdued

Brickwork Ratings settles matter with mkt regulator Sebi for Rs 1.54 crore

In January 2020, Sebi and the Reserve Bank of India had undertaken a joint inspection of Brickwork, where the two regulators found "several irregularities"

SBI urges RBI to include non-financial transactions for account status

Faced with the challenge of ensuring an account remains operative, the State Bank of India (SBI) has written to the Reserve Bank, requesting change in rules, and consider non-financial transactions like balance checking as well for tagging an account as operative. C S Setty, chairman of the country's largest lender, said many a time, an account holder, especially ones where cash transfers under government programmes is the primary usage, does limited number of financial transactions. After direct benefit transfer, the money gets credited into the account, there are at best two-three debit transactions before it becomes dormant and earns the tag of being inoperative, he said on the sidelines of a bank event late on Tuesday evening. Even a non-financial transaction should be able to activate the account, Setty said, adding, "We have taken it up with the Reserve Bank of India (RBI)." He added that the current set of rules focus on financial transactions in a given point of time which

Rupee recovers losses after hitting new intraday low of 84.76 per dollar

Market participants said that the RBI might have sold around $2 billion today, which helped the domestic currency cut losses

Will RBI announce a rate cut? MPC meet date, time, and what to expect

The RBI is expected to revise its growth forecast for the financial year 2024-25 following low Q2 GDP figures

Speculation over RBI Guv Shaktikanta Das' extension grows after GDP miss

Das himself has largely refrained from discussing his own future, telling Bloomberg a few months ago that he's focused on his work at the RBI

Self-help groups, farmers struggling to get loans : RBI Deputy Governor

MSMEs led by women underserved in borrowing system, says Swaminathan J in speech

Rupee drops 4 paise to all-time low of 84.76 per US dollar in early trade

The rupee fell 4 paise to all-time low of 84.76 against the US dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments. Forex traders said the depreciation in rupee was largely on the back of Donald Trump's rhetoric on BRICs currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows. President-elect Donald Trump on Saturday threatened a 100 per cent tariff on the BRIC bloc of nations if they act to undermine the US dollar. Moreover, market participants are also awaiting cues from the upcoming RBI monetary policy on December 6, which will likely focus on balancing inflation and growth. At the interbank foreign exchange, the rupee opened at 84.75 and moved in a tight range and touched all-time low of 84.76 against the greenback, registering a fall of 4 paise over its previous close. On Monday, the rupee ..

Indian insurance firms seek zero-coupon bonds to manage long-term risks

Insurance companies have made a request to the Reserve Bank of India, which has then discussed the matter with the Finance Ministry of the government

Unclear if US law permits Trump's 100% tariff threat on Brics: Ex-RBI Guv

President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US law permits such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said even for BRICS, there are internal differences about bringing out an alternative to the US Dollar. The nine-member group that includes India, Russia, China, and Brazil, moving out of the US currency and having a common one remains a non-starter because of both politics and economics. "Donald Trump has threatened to slap 100 per cent tariffs on imports from countries that try to move out of the dollar. His ire was particularly directed at the BRICS bloc which has been actively talking about developing an alternative to the dollar. Trump is known to bark more than he bites," Subbarao told PTI. BRICS, formed in 2009, is the only major international group of which the

RBI ballooning NDF position suggests more rupee losses, say bankers

The Reserve Bank of India's aggregate short foreign currency in forwards and futures position jumped three-fold to $49.2 billion from September to October, official data showed on Friday

RBI to weigh growth slowdown, inflation at its MPC meeting this December

A survey conducted by Business Standard revealed that majority respondents believed that the RBI might revise its growth and inflation projections for the financial year

Governance premium to rise sharply, banks to be put through the wringer

In European banks, you have a supervisory board for governance, another for management of business

A look back at RBI Governor tenures as Shaktikanta Das' term nears end

Below is a list of RBI governors over the past two decades, their appointment announcements, and dates of joining