Page 50 - Latest Updates on Reserve Bank of India
Rising Covid-19 infections may hit RBI's inflation maths, say experts
Consumer price index (CPI)-based inflation rose to 5.52 per cent in March, from 5.03 per cent in February. Core inflation was at 5.7 per cent.
 "Rising Covid-19 infections may hit RBI's inflation maths, say experts")
Rupee falls below 75 to dollar on massive equity sell off; RBI intervenes
Indian unit was again the worst performer in the region, shedding 0.42% to the dollar. But most other Asian currencies lost too
 "Rupee falls below 75 to dollar on massive equity sell off; RBI intervenes")
Be watchful of Covid situation, push credit flows: Shaktikanta Das to banks
Takes stock of the progress in implementing Covid resolution framework
 "Be watchful of Covid situation, push credit flows: Shaktikanta Das to banks")
Remain watchful of evolving situation, push credit flows: RBI Guv to banks
RBI Governor Das asked banks to remain watchful of the evolving situation
 "Remain watchful of evolving situation, push credit flows: RBI Guv to banks")
Best of BS Opinion: Sebi's delay makes RIL order absurd, RBI policy & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Sebi's delay makes RIL order absurd, RBI policy & more")
End of the plastic smile: Tectonic change is roiling credit card industry
Tectonic change is roiling the credit card industry, and the rules of the game are being reset
 "End of the plastic smile: Tectonic change is roiling credit card industry")
Sudden movement of the rupee is not a reason to panic, say currency dealers
According to them, a correction was overdue for the rupee that remained the best performing currency in the region for well over a month
 "Sudden movement of the rupee is not a reason to panic, say currency dealers")
April monetary policy a fine balancing act
Structurally, it's a well-crafted policy. But like in cricket and politics, things can change dramatically for a central bank in a very short time
 "April monetary policy a fine balancing act")
10-year bond yield drops to 5.97% in morning trade but closes at 6.02%
In the first auction of the fiscal year, the RBI raised Rs 37,853 crore using greenshoe options instead of the planned Rs 32,000 crore
 "10-year bond yield drops to 5.97% in morning trade but closes at 6.02%")
Fitch sees Reserve Bank of India holding interest rates through FY22
Fitch Solutions sees RBI keeping benchmark interest rates unchanged during the fiscal to March 2022 following its decision to buy Rs 1 trillion of government bonds
 "Fitch sees Reserve Bank of India holding interest rates through FY22")
E-wallets are similar to bank accounts, but more convenient: Experts
Will help those who can't ensure minimum balance
 "E-wallets are similar to bank accounts, but more convenient: Experts")
Banks will need to refund Rs 4,500 cr compound interest to borrowers
This follows Reserve Bank of India's directive to banks to refund compound interest levied during six-months moratorium, according to Kotak Institutional Equities
 "Banks will need to refund Rs 4,500 cr compound interest to borrowers")
Payments banks can now hold max balance of Rs 2 lakh per customer
The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks to Rs 2 lakh from Rs 1 lakh earlier with immediate effect
 "Payments banks can now hold max balance of Rs 2 lakh per customer")
First purchase of G-secs worth Rs 25,000 cr under G-SAP 1.0 on Apr 15: RBI
RBI said the first purchase of government securities worth Rs 25,000 crore under the G-sec Acquisition Programme will be done on April 15 with a view to enabling a stable evolution of the yield curve
Indian consumers turn more glum about future, less likely to spend: Survey
The reasons for the pessimism were deteriorating sentiments on general economic situation, income and prices, the RBI said. The current situation index had hit a record low of 49.9 in September
 "Indian consumers turn more glum about future, less likely to spend: Survey")
Best of BS Opinion: Data breach menace, Chinese dreams of future & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Data breach menace, Chinese dreams of future & more")
Benchmark indices continue winning streak on RBI's accommodative stance
The Sensex rose 460 points, or 0.94 per cent, to close at 49,662, while the Nifty50 added 136 points, or 0.92 per cent, to end the session at 14,819
 "Benchmark indices continue winning streak on RBI's accommodative stance")
We have given G-SAP 1.0 a distinct character, say RBI's Das & Patra
We are giving up this discretion to give an explicit assurance to the markets that we will assist them in the conduct of the borrowing programme, said Patra
Monetary policy review: RBI changes the way it forecasts inflation rate
The amendments come just days after the RBI won approval from the government to retain its 2-6 per cent inflation target range for the next five years
 "Monetary policy review: RBI changes the way it forecasts inflation rate")
Data breach menace
India needs an effective privacy law quickly
 "Data breach menace")
