Page 93 - Reserve Bank Of India

Indian govt bond yield at more than two-week high as US peers jump

The rise in yields is fuelled by indications of a robust economy and elevated inflationary pressures

All that glitters is not gold for Reserve Bank & FinMin

Rightly so. Since November 1962, there have been many attempts to monetise gold. It's finally happening, but we must look for sustainable growth

RBI governor asks regulated entities to improve grievance redress mechanism

RBI had established an Internal Ombudsman (IO) Mechanism in regulated entities to bolster their internal grievance redress processes

Forex reserves surge by over $10 billion to hit over two-year high

The dollar index fell to around 102 at the end of the week, down from 103 at the start of the week

India's forex kitty expands $10.47 billion to $636.095 billion: RBI data

India's forex kitty jumped by USD 10.47 billion to USD 636.095 billion for the week ended March 8, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by USD 6.55 billion to USD 625.626 billion. In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended March 8, the foreign currency assets, a major component of the reserves, increased by USD 8.121 billion to USD 562.352 billion, the Reserve Bank of India (RBI) said. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 2.299 billion to USD 50.716 billion during the week, the RBI said. The Special Drawing Rights (SDRs) wer

RBI reconstitutes 'committee of advisors' of Abhyudaya Cooperative Bank

In November last year, RBI had superseded the Board of Directors of Abhyudaya Cooperative Bank for one year citing poor governance standards

RBI holds overnight VRRR auction to suck out banking system liquidity

The surplus liquidity in the banking system stood at Rs 13,377 crore on Wednesday, against Rs 4,356 crore on Tuesday, according to the latest data by RBI

Addressing grievances

RBI should focus more on spreading financial awareness

Government allows RBI to import gold without paying import levies

As of September 2023, the Reserve Bank of India held 800.79 metric tonnes of gold, including gold deposits of 39.89 tonnes

Best of BS opinion: External stability, kudos to Mint Street & more

Here is the best of Business Standard's opinion pieces for today

Kudos to Mint Street mandarins

RBI's adept role in India's recovery deserves greater recognition

External stability

New challenges can emerge in currency management

CPI-based inflation eases to 5.09% in Feb; Jan IIP growth at 3.8%

Food and beverage recorded an inflation of 8.66 per cent vs 8.3 per cent in January 2024

14 states, union territories raise Rs 35,544 crore at weekly bond auction

Amount higher than scheduled figure of Rs 32,532 crore, a first in seven weeks

As Rupee appreciates, importers take advantage of unexpected up move

The rupee has been in a narrow 3 paisa range, having reached a more than six-month high on Monday

Sebi mandates registration of index providers under regulatory fold

Mandates registration of index providers managing 'significant indices' based on securities listed in India

Forex reserves kitty jumps $6.55 billion to $625.63 billion: RBI data

India's forex reserves jumped USD 6.55 billion to USD 625.626 billion for the week ended March 1, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had risen by USD 2.975 billion to USD 619.072 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended March 1, the foreign currency assets, a major component of the reserves, increased by USD 6.043 billion to USD 554.231 billion, the data said. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 569 million to USD 48.417 billion during the week, the RBI said. The Special Drawing Rights (SDRs

RBI, Bank Indonesia agree to use local currencies for bilateral trade

This framework would enable exporters and importers to invoice and pay in their respective domestic currencies, which in turn would enable the development of an INR-IDR foreign exchange market

Banks must give customers choice to select credit card network: RBI

Some arrangements between card networks and issuers are 'not conducive' for customers, it says

Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support

NBFC's stock falls another 20% after RBI bars it from disbursing gold loans