Page 47 - Rbi
RBI will have to look through high inflation for growth, say economists
While the inflation numbers are much above RBI's tolerance band, the central bank would rather hope an urgent reduction of taxes by the govt brings down prices in the interim
 "RBI will have to look through high inflation for growth, say economists")
Deregulation of rates for NBFC-MFIs may lead to expansion of market
The large NBFC-MFIs have not rationalised their lending rates, despite achieving economies of scale.
 "Deregulation of rates for NBFC-MFIs may lead to expansion of market")
RBI to focus on growth even as inflation breaches tolerance band: Report
The annual retail inflation rate rose 6.30% year-on-year in May, up from 4.29% in April and sharply above analysts' estimate of 5.30%
 "RBI to focus on growth even as inflation breaches tolerance band: Report")
Top Headlines: Sebi tweaks delisting rules, Cloudtail gets Rs 54 cr notice
Business Standard brings to you top headlines on Tuesday
 "Top Headlines: Sebi tweaks delisting rules, Cloudtail gets Rs 54 cr notice")
No more space for monetary steps, tough task ahead for RBI: SBI Report
The report said RBI will face a multiplicity of challenges and a potential inflation uptick that has all the prospects to turn ugly with a marauding global commodity cycle
 "No more space for monetary steps, tough task ahead for RBI: SBI Report")
RBI's 3rd tranche of open market purchase of Rs 40,000 cr G-Secs on Jun 17
The RBI will be buying bonds of 20 states in the G-SAP, which will be held on June 17.
RBI hikes ATM interchange fee per transaction from Rs 15 to Rs 17
The increase comes after 9 years
 "RBI hikes ATM interchange fee per transaction from Rs 15 to Rs 17")
M K Jain re-appointed as RBI Deputy Governor for a period of two years
Jain was appointed as deputy governor for three years in June 2018
 "M K Jain re-appointed as RBI Deputy Governor for a period of two years")
Top headlines: GAIL Q4 net jumps 28%; heavy rains leave Mumbai waterlogged
Business Standard brings you the top news of the evening
 "Top headlines: GAIL Q4 net jumps 28%; heavy rains leave Mumbai waterlogged")
RBI owns more of its benchmark 10-year bond than yield-managing BOJ
The Reserve Bank of India has lifted its holding of the 5.85% 2030 bond to 545 billion rupees ($7.5 billion) or at least 52% of the total outstanding via Operation Twists.
Consumer confidence drops to record low as 2nd wave takes toll: RBI survey
Consumer confidence has dipped to a new low as the second wave of Covid-19 pandemic continues to take a toll on lives and businesses across the country, a new survey by the Reserve Bank of India show
 "Consumer confidence drops to record low as 2nd wave takes toll: RBI survey")
Covid-hit contact-intensive businesses see life support in RBI's measures
However, the businesses also believe that more is required to revive the pandemic-hit sectors
 "Covid-hit contact-intensive businesses see life support in RBI's measures")
Major concerns about crypto currencies conveyed to govt: RBI governor
This comes after RBI's circular earlier this week that clarified banks can no longer cite its circular on crypto for not offering such products to customers
 "Major concerns about crypto currencies conveyed to govt: RBI governor")
Consumer confidence falls to an all-time low, shows RBI survey
The survey was conducted through interviews on the phone from April 29 to May 10 in 13 major cities
 "Consumer confidence falls to an all-time low, shows RBI survey")
RBI policy offers continuity for stock markets, support to consumption
Oil prices and exchange rate, however, are key monitorables
 "RBI policy offers continuity for stock markets, support to consumption")
Forex reserves surge $5.27 bn to lifetime high of $598.16 bn: RBI data
In the previous week ended May 21, 2021, the reserves had increased by $2.865 billion to $592.894 billion
 "Forex reserves surge $5.27 bn to lifetime high of $598.16 bn: RBI data")
Rupee settles 8 paise lower at 72.99 against US dollar amid RBI policy move
The rupee fell 8 paise to close at 72.99 (provisional) against the US dollar on Friday, with forex market participants weighing RBI policy measures aimed at mitigating the COVID-19 impact on the economy. Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance amid the second COVID wave. At the interbank forex market, the local unit opened on a weak note at 73.00 against the greenback and witnessed an intra-day high of 72.95 and a low of 73.13. It finally ended at 72.99, registering a fall of 8 paise over its previous closing. On Thursday, the rupee had settled at 72.91 against the US dollar. RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) voted unanimously for keeping interest rate unchanged and decided to continue with its accommodative stance as long as necessary to support growth and keep inflation within the target. Meanwhile, the dollar index, which gauges the greenback
 "Rupee settles 8 paise lower at 72.99 against US dollar amid RBI policy move")
Analysts bet on larger players in travel & tourism space post RBI's support
In a bid to alleviate the adverse impact of the second wave of the pandemic on "contact-intensive sectors", RBI governor Shaktikanta Das announced a separate liquidity window of Rs 15,000 crore
 "Analysts bet on larger players in travel & tourism space post RBI's support")
Continuing to lend a calming hand, RBI has its job cut out from here on
With inflation pressures likely to remain intact, the other critical input for the RBI will be the global monetary policy conditions, especially in the US
 "Continuing to lend a calming hand, RBI has its job cut out from here on")
RBI policy: From August 1, your salary can get credited on weekends too
NACH to be available on all days of week from August 1, says RBI
