Page 3 - Latest Updates on Reserve Bank of India
Vehicle fuel prices responsible for around 30% of April inflation spurt
The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month
 "Vehicle fuel prices responsible for around 30% of April inflation spurt")
Liquidity mop-up from secondary market resumes amid rising bond yields
According to latest data, the RBI has conducted open market operations in the last week of April and in the first week of May
 "Liquidity mop-up from secondary market resumes amid rising bond yields")
Finance ministry didn't claim inflation hurts rich more than poor, says PIB
The claim and counterclaim over inflation come at a time when retail inflation rose to an eight-year high in April to 7.8 per cent
 "Finance ministry didn't claim inflation hurts rich more than poor, says PIB")
Overcoming the paucity of tools with RBI
The proposed policy regime may seem a bit strange to some readers
From households to enterprises to markets, expectations drive decisions
Expectations play an important role in decision-making. Enterprises and the financial markets, for example, allocate funds that reflect their expectations
Inflation: Why RBI should have paid more attention to detergent prices
Operating at magic price points is like running a high-school experiment in "titration," dripping a liquid of known properties into another of unknown concentration and stopping when the color changes
 "Inflation: Why RBI should have paid more attention to detergent prices")
Please change the definition of 'fraud', bankers to urge RBI: Report
All the high-street bank CEOs decided to make a representation to RBI at a meeting to discuss issues faced by the lenders
 "Please change the definition of 'fraud', bankers to urge RBI: Report")
Sebi to set up FPI expert panel soon; single window to address concerns
Experts said the advisory committee will help smoothen the implementation of key policies
 "Sebi to set up FPI expert panel soon; single window to address concerns")
Statsguru: New insights into the way Indians live found in NFHS edition
Nearly half of households own a two-wheeler compared to less than 10 per cent that own a car
 "Statsguru: New insights into the way Indians live found in NFHS edition")
NPA: A monster created by RBI's forbearance?
In August 2008, the RBI allowed banks to restructure bad debt. It was a one-time measure put in place till June 30, 2009, but the forbearance ended almost a decade later
RBI not 'behind the curve' in hiking rate, says MPC member Ashima Goyal
While noting that Inflation has just exceeded RBI's tolerance band due to the protracted Ukraine-Russia war, Goyal said Indian demand and wages are 'soft'
 "RBI not 'behind the curve' in hiking rate, says MPC member Ashima Goyal")
RBI doesn't have favourable view towards cooperative banks: Sharad Pawar
NCP chief Sharad Pawar said the view of the Reserve Bank was not favourable towards urban cooperative banks which fulfil the needs of the common people and asked the Centre to act accordingly
 "RBI doesn't have favourable view towards cooperative banks: Sharad Pawar")
Government, RBI behind the curve in controlling inflation: Congress
The party also termed the government's decision to ban wheat exports as anti farmer.
 "Government, RBI behind the curve in controlling inflation: Congress")
Consumer inflation at 8-year high of 7.79% may 'trigger' quicker rate hikes
Given the tone of urgency in RBI's statement to support the altered inflation-growth dynamics, "we now revise our call and expect the RBI to hike repo rate by an additional 60 bps in the rest of FY23"
 "Consumer inflation at 8-year high of 7.79% may 'trigger' quicker rate hikes")
Stick to shorter-term FDs to gain from rising-rate scenario: Experts
Avoid auto-renewal facility so you can select best tenure and slab rate
RBI appoints Sitikantha Pattanaik and Rajiv Ranjan as executive directors
Ranjan will also serve as an ex-officio member of the rate-setting panel Monetary Policy Committee (MPC)
 "RBI appoints Sitikantha Pattanaik and Rajiv Ranjan as executive directors")
India's foreign exchange reserves drop by $1.7 billion; hit 1-year low
In the previous reporting week, the overall reserves had declined by $2.695 billion to $597.728 billion, falling below the $600 billion mark
 "India's foreign exchange reserves drop by $1.7 billion; hit 1-year low")
RBI's gold reserves up over 100 tonnes in the last two years, shows data
As at end-March 2022, the Reserve Bank held 760.42 tonnes of gold, including gold deposits of 11.08 tonnes
 "RBI's gold reserves up over 100 tonnes in the last two years, shows data")
Odds in favour of more near-term correction in Indian stocks: Chris Wood
Chris Wood believes the best way to play Indian markets is the upswing in the Indian property/real estate sector despite the rate hikes by the Reserve Bank of India (RBI)
 "Odds in favour of more near-term correction in Indian stocks: Chris Wood")
Rupee hits a fresh intra-day low, cuts losses as RBI intervenes
Gold reserves increase by over 100 tonnes in two years
 "Rupee hits a fresh intra-day low, cuts losses as RBI intervenes")
