Page 2 - Latest Updates on Reserve Bank of India
RBI should rethink forex strategy, loosen hold on rupee in 2025: Economists
The rupee's overvaluation relative to its trading partners makes India's exports more expensive. This is the most overvalued the rupee has been since 2004, RBI data showed
 "RBI should rethink forex strategy, loosen hold on rupee in 2025: Economists")
Manmohan Singh's legacy: 1991 reforms, rights-based laws, nuclear deal
Singh's term as Prime Minister also witnessed several landmark decisions which, in a way, were built on the foundation he laid as finance minister
 "Manmohan Singh's legacy: 1991 reforms, rights-based laws, nuclear deal")
Modest growth raises concerns about sustainability of market rallies
Next time the GDP numbers are announced, the slowdown could be attributed to global economic weakness, rising oil prices, or another drop in domestic capex
 "Modest growth raises concerns about sustainability of market rallies")
Rate cut, regulatory move to be in focus under Guv Malhotra-led RBI
There are at least four important regulations awaiting the commercial banks that could impact their growth and profitability
 "Rate cut, regulatory move to be in focus under Guv Malhotra-led RBI")
High employee attrition of 25% in private banks pose operational risk: RBI
Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, which was released by the Reserve Bank of India (RBI) said
RBI allows interoperability between PPIs like wallets for UPI payments
Currently, UPI payments are interoperable such that a user can use any TPAP to transfer funds
Digital fintechs see double-digit jump in loans, quantum of disbursals
The data has been sourced from 34 FACE members lending to customers through their non-banking financial companies (NBFCs) in partnership with other regulated entities
 "Digital fintechs see double-digit jump in loans, quantum of disbursals")
Manmohan Singh's economic reforms left indelible mark: RBI Guv Malhotra
Singh, the former prime minister and finance minister, also served as the RBI governor between 1982 and 1985
 "Manmohan Singh's economic reforms left indelible mark: RBI Guv Malhotra")
Rupee hits record low of 85.395 on strong NDF dollar bids; RBI may step in
Rupee declined to 85.3950 to the dollar, eclipsing its previous all-time low of 85.2825 hit on Thursday
 "Rupee hits record low of 85.395 on strong NDF dollar bids; RBI may step in")
Bank frauds jump to Rs 21,367 crore in first half of FY25, shows RBI data
In April - September period of FY24, while there were 14,480 incidences of frauds, the amount involved was only Rs 2,623 crore
 "Bank frauds jump to Rs 21,367 crore in first half of FY25, shows RBI data")
Wait for NAV and price on exchange to converge before investing
Indian fund houses have cumulatively hit the investment ceiling set by the Reserve Bank of India (RBI): $7 billion for overseas mutual fund (MF) investments
 "Wait for NAV and price on exchange to converge before investing")
Small ticket transactions drag avg retail payments value by 48% in 3 years
The increasing adoption of digital transactions is evident in the robust growth of India's real-time payments system, Unified Payments Interface (UPI)
 "Small ticket transactions drag avg retail payments value by 48% in 3 years")
RBI flags unsecured lending, private credit; calls for enhanced vigilance
Banks' gross NPA ratio further falls to 2.5 per cent in Sep 2024
 "RBI flags unsecured lending, private credit; calls for enhanced vigilance")
Over 600k loans worth Rs 27,000 cr disbursed on ULI platform: RBI report
ULI is a platform that facilitates access to financial and non-financial data, streamlining credit underwriting and creating frictionless customer journeys for a diverse range of borrowers
Indian policymakers must balance growth amid global energy, tech shifts
While the economy is expected to recover in the second half, growth for this full financial year will be slower than initially projected
 "Indian policymakers must balance growth amid global energy, tech shifts")
Rupee's Real Effective Exchange Rate climbs to 108.14 in Nov: RBI report
REER represents the inflation-adjusted, trade-weighted average value of a currency against its trading partners
 "Rupee's Real Effective Exchange Rate climbs to 108.14 in Nov: RBI report")
Increase in rupee volatility in Dec shows little signs of abating
Implied volatility over 3-month, 6-month period remains elevated
 "Increase in rupee volatility in Dec shows little signs of abating")
State finances improve, but reforms needed to address lingering issues
The latest RBI study showed that the adoption of fiscal-responsibility rules had helped states
Net FDI into India slows to $2.2 billion during April-October: RBI data
The slowdown in net FDI into India is consistent with trends observed in other emerging market economies, including Mexico, Vietnam, Indonesia, the Philippines, and Thailand, among others
 "Net FDI into India slows to $2.2 billion during April-October: RBI data")
Rupee remains under pressure, touches new low of 85.12 per dollar
The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows
