Reserve Bank Of India | The Asian Age

Wednesday, May 08, 2024 | Last Update : 11:48 PM IST

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In a report on the forecast for global monetary policy actions and resulting economic impact, IHS Markit said RBI is likely to tighten its monetary policy stance in early-to-mid 2020.

RBI likely to cut rates again in June; none thereafter on rising inflation

RBI had cut interest rate by 25 basis points each in February and April to boost economic growth

08 May 2019 2:38 PM

Although foreign demand grew at the quickest pace in 10 months, a sub-index tracking new business slipped to a 7-month low of 51.2 in April. (Repsesentaitve Image)

April service sector growth at 7-month low, dented by Lok Sabha elections: PMI

Purchasing Managers' Index slipped to 51.0 in April, the lowest since September, down from 52.0 the previous month.

06 May 2019 11:29 AM

“The Indian rupee is at a crossroads. Recent developments, including higher global oil prices, a strong US dollar and historical seasonality patterns point to downward pressure on the rupee in the near-term,” noted Khoon Goh, head of Asia research at ANZ. (Photo: File/Representational)

Politics to decide rupee's near-term fate: Poll

The election result, due on May 23, will decide who governs the world’s biggest democracy for the next five years.

04 May 2019 11:49 AM

Senior advocates Kapil Sibal and Arvind Datar, appearing for the messenger app owned by US-based Facebook, told the bench that they are only having a trial run which is likely to be completed by July. (Representational Image)

Payment service will be launched only after complying with RBI norms: WhatsApp to SC

The trial run is likely to be completed by July end this year, WhatsApp said.

03 May 2019 5:47 PM

"The model code of conduct exempts RBI's monetary policy. It is unlikely to attract any action if the RBI issues the revised (February 12) circular," sources said.

RBI's revised guidelines for resolution of stressed assets likely before May 23

RBI is in very advanced stage and revised circular should be out before declaration of general elections result.

28 Apr 2019 2:59 PM

Things have come to such a pass that the Reserve Bank of India has been hauled up unequivocally for wilful disobedience of top court orders with regard to disclosing information about its annual inspection of banks report under the Right to Information Act.

RBI must comply with RTI

The court is not the only authority annoyed with the intransigence of the central bank from parting with information on big loans.

28 Apr 2019 2:43 AM

Supreme Court gives RBI last chance to share banks’ NPA info

The Central Information Commission (CIC) had also issued a similar direction over the RBI withholding information related to banks.

27 Apr 2019 1:41 AM

The SC held that the RBI’s non-disclosure policy was in violation of the court’s 2015 judgement and ordered the policy to be withdrawn. (Representational image)

SC tells RBI to give RTI info or face contempt charges

Former governor didn’t share inspection reports, citing rules.

27 Apr 2019 1:17 AM

In January this year, Supreme Court had issued contempt notice to RBI for not disclosing annual inspection report of banks under RTI. (Photo: PTI)

SC directs RBI to disclose information on bank inspection report under RTI

Supreme Court made it clear that it was giving a last opportunity to RBI to comply with provisions RTI.

26 Apr 2019 11:38 AM

Sources said various options are being explored for rejigging the NPA framework. (Representational Image)

Stressed assets resolution: RBI mulls giving 60 days additional time for repayments

Against backdrop of the Supreme Court quashing an RBI circular, a revised set of rules would be released soon.

25 Apr 2019 7:54 PM

"With this divestment, the government now holds 100 per cent stake in both these financial institutions," RBI said in a statement.

RBI sells entire stake in NHB, Nabard to government for Rs 1,470 cr

RBI sold stake in NHB on March 19, while it sold the stake in Nabard on February 26, the bank said in a statement.

25 Apr 2019 1:33 PM

"Benign food inflation and easier global financial conditions following the US Fed's shift to a more dovish policy stance has enabled the Reserve Bank of India (RBI) to become the first central bank in Asia-Pacific (APAC) to begin an explicit easing cycle," Fitch said in its APAC sovereign credit overview report.

RBI first APAC central bank to begin interest rate easing cycle: Fitch

Fitch has a 'BBB-', the lowest investment grade, rating on India, with a stable outlook.

24 Apr 2019 3:23 PM

At the May 2 repurchase, the RBI said it will repurchase five securities with dates of maturity extending from next year to 2032.

RBI announces Rs 25,000 cr liquidity injection in May as liquidity dries up

The purchase, called as open market operations (OMOs), will be undertaken in two equal tranches with the first one on May 2.

24 Apr 2019 2:26 PM

A 25 basis points cut in interest rate announced earlier this month by the RBI.

Weakening domestic growth impulses prompted RBI for rate cut: Minutes of MPC meet

Four of the six MPC members had voted in favour of a 25 basis points reduction in the repo rate.

18 Apr 2019 7:25 PM

Reserve Bank had on March 26 conducted the first of forex swap auctions raising USD 5 billion promising to pay back in rupees in return, that softened the rupee-USD forward rates. It has announced another similar issue on April 23.

Dollar swaps can lower top 500 cos' interest burden by Rs 7000 crore

RBI had on March 26 conducted first of forex swap auctions raising USD 5 billion promising to pay back in rupees in return.

16 Apr 2019 4:28 PM

In February, RBI bought USD 2.086 billion and sold $1.261 billion in the spot market as the rupee was under pressure.

RBI net dollar buyer for third straight month in Feb, snaps up USD 825 mn

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018, buying USD 607 mn.

14 Apr 2019 4:28 PM

The Delhi high court issued notice to RBI and Google India seeking their stand on the issue raised in the plea by Abhijit Mishra, who has contended that GPay does not figure in RBI's list of authorised 'payment systems operators.'

How is Google Pay operating without authorisation: Delhi HC asks RBI

A PIL claims that GPay was acting as a payments system provider in violation of the Payments and Settlements Act.

10 Apr 2019 3:16 PM

Liquidity too has remained tight, thereby preventing them from reducing deposit rates.

Banks go thrifty with rate cut again; it’s 5 bps from SBI

The revised one-year MCLR stands at 8.50 per cent, down from 8.55 per cent earlier.

10 Apr 2019 1:31 AM

The Pune-based BoM reduced its one-year marginal cost of funds based lending rate (MCLR) to which most of the bank lending rates are linked, to 8.70 per cent from 8.75.

Bank of Maharashtra lowers lending rates by a nominal 5 basis points

RBI had cut repo rate to 6 pc from 6.25 citing need to support growth in bi-monthly monetary policy announced on Thursday.

06 Apr 2019 11:46 AM

Foreign currency assets, a major component of the overall reserves, swelled by USD 5.248 billion to USD 384.053 billion in the reporting week.

Forex reserves soar over USD 5 bn to reach USD 412 bn

In the previous week, the reserves had increased by USD 1.029 billion to USD 406.667 billion.

05 Apr 2019 8:34 PM

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Abhijit Bhattacharyya