Page 2 - Latest Updates on Reserve Bank of India
Small exporters feel the pain as Indian rupee slides to an all-time low
Weaker currency makes some customers to demand benefits or discounts, rue exporters
 "Small exporters feel the pain as Indian rupee slides to an all-time low")
RBI to transfer Rs 30K cr surplus to govt for FY22; lowest amount in 8 yrs
Last year, the transfer of Rs 99,126 crore was for a nine-month period ended March 2021
 "RBI to transfer Rs 30K cr surplus to govt for FY22; lowest amount in 8 yrs")
Forex reserves down by $2.67 bn, stands at $593.2 bn till May 13: RBI data
The country's foreign exchange reserves declined by $2.676 billion to stand at $593.279 billion in the week ended May 13, RBI data showed on Friday.
 "Forex reserves down by $2.67 bn, stands at $593.2 bn till May 13: RBI data")
Top headlines: FDI at a high for FY22, SC transfers Gyanvapi case
Prudent Corporate is the third straight IPO to list at a discount after LIC and Rainbow Children's Medicare. The weak listings are on the back of a selloff in the secondary market
 "Top headlines: FDI at a high for FY22, SC transfers Gyanvapi case")
RBI approves India, Sri Lanka trade settlement in rupee outside ACU
Regulatory nod only for State Bank of India's term loan of $1 billion for island nation battling economic crisis.
Apple to stop storing card information on file for Indian customers
This decision of not storing card information on file has been taken by the US tech giant Apple in light of the card data storage norms of the Reserve Bank of India (RBI) that will kick in shortly
 "Apple to stop storing card information on file for Indian customers")
Best of BS Opinion: Global supply crunch, India's urbanisation and more
Here is the best of Business Standard's opinion pieces for Thursday
 "Best of BS Opinion: Global supply crunch, India's urbanisation and more")
Infra, cement cos feel pinch of falling rupee, realty counts on more sales
Despite rise in interest rates and property prices, momentum in housing demand expected to stay, say developers; infra, cement companies remain circumspect
 "Infra, cement cos feel pinch of falling rupee, realty counts on more sales")
Central banks and the rule of law
In a constitutional democracy, the RBI is bound by the law to focus on its core mandate
 "Central banks and the rule of law")
Rupee slips to fresh all-time low in 3rd straight session, closes 77.58/$
Dealers said major gains for the dollar were capped as the Reserve Bank of India is believed to have protected the 77.50 levels
 "Rupee slips to fresh all-time low in 3rd straight session, closes 77.58/$")
Remain watchful of recent geo-political developments: RBI Governor to banks
Urges lenders to take appropriate measures, including raising of capital, to shield their balance sheet against any potential impact these events might have
 "Remain watchful of recent geo-political developments: RBI Governor to banks")
RBI's criticism for 'delayed' rate hike unfair, says ex-Guv D Subbarao
The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday
 "RBI's criticism for 'delayed' rate hike unfair, says ex-Guv D Subbarao")
Policyholders who missed out on allotment will pick up LIC shares: MR Kumar
We will ramp up digital channels and make tactical tweaks on equity investments to please policyholders, said M R Kumar
 "Policyholders who missed out on allotment will pick up LIC shares: MR Kumar")
Prices of food items continuing to increase in May, says RBI report
"Pulses prices remained steady, although tur prices have moderated while masoor prices edged up. Edible oils prices registered a broad-based increase," the report said.
 "Prices of food items continuing to increase in May, says RBI report")
BSE appoints former RBI deputy governor S S Mundra as a chairman
Mundra will replace Justice Vikramajit Sen.
 "BSE appoints former RBI deputy governor S S Mundra as a chairman")
Rupee hits another all-time low of 77.56/$ amid high crude oil prices
Market participants said the Reserve Bank of India (RBI) intervened in the currency market, which slowed the pace of depreciation. An upswing in the domestic equity markets also helped the currency.
 "Rupee hits another all-time low of 77.56/$ amid high crude oil prices")
RBI's multiple battles
It should not defend currency to contain inflation
 "RBI's multiple battles")
RBI turns net seller of US currency in March to defend rupee; sells $20 bn
Reserve Bank of India turned net seller of the US currency in March after it sold $ 20.101 billion on a net basis in the spot market, according to RBI's monthly bulletin for May 2022.
 "RBI turns net seller of US currency in March to defend rupee; sells $20 bn")
On-tap licence: Sachin Bansal, five other applicants rejected by RBI
11 entities had applied for on-tap bank licences since the guidelines were released by the Reserve Bank of India
Indian rupee off record lows on RBI intervention; bond yields rise
The partially convertible rupee was trading at 77.63/64 per dollar by 0805 GMT compared with its close of 77.45 on Friday. The rupee touched a record low of 77.7975 during the session.
 "Indian rupee off record lows on RBI intervention; bond yields rise")
