Page 3 - Latest Updates on Reserve Bank of India
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
 "Over 600k loans worth Rs 27,000 cr disbursed on ULI platform: RBI report")
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
 "Rupee remains under pressure, touches new low of 85.12 per dollar")
Banks lobby RBI to approve new benchmark for overnight indexed swaps
The move is intended to improve price discovery in the interest-rate swap market
2024 financial wrap: Inflation, GDP, and RBI's regulatory vigilance
The overarching theme of this year has been the RBI's new approach to vigilance
Policy rates have limited impact on food prices: MPC external members
December marked the second policy review meeting for the external members, who have a fixed four-year term
 "Policy rates have limited impact on food prices: MPC external members")
RBI's many roles hinder core monetary policy mandate, resolution is crucial
Most central banks (CB) are narrowly focused on monetary policy. The RBI has a sprawling mandate. The trouble is these roles contain many inherent conflicts
 "RBI's many roles hinder core monetary policy mandate, resolution is crucial")
Draft Bill moots unregulated lending ban, up to 10-year imprisonment
The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs
 "Draft Bill moots unregulated lending ban, up to 10-year imprisonment")
State govt fiscal situation improves; sops may crowd out resources
Market borrowing surged 32.8% in FY24, RBI report says
 "State govt fiscal situation improves; sops may crowd out resources")
RBI ramps up forward dollar sales to defend stumbling rupee, say traders
In the last two trading sessions, the Reserve Bank of India (RBI) conducted buy-sell swaps of an estimated size of $3 billion-4 billion
Municipal fiscal reforms crucial for addressing urban governance challenges
Decentralising local governance is crucial to empowering municipal bodies with greater administrative autonomy and financial independence
 "Municipal fiscal reforms crucial for addressing urban governance challenges")
RBI dials down use of NDFs to fight dollar, balance rupee stability
The Reserve Bank of India has recently let some short dollar positions in the overseas market expire without rolling into new contracts
Edelweiss Financial rises 3% as RBI lifts ban on two Edelweiss Group cos
The initial uptick in Edelweiss Financial Services share came after the RBI, with immediate effect, lifted the restrictions imposed on ECL Finance, and Edelweiss ARC
 "Edelweiss Financial rises 3% as RBI lifts ban on two Edelweiss Group cos")
Rupee weakens to new low of 84.93 as trade deficit hits record high
The local currency settled at Rs 84.90 per dollar as the Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales
 "Rupee weakens to new low of 84.93 as trade deficit hits record high")
The new RBI should revert to old rupee policy to address challenges
In our earlier piece in these pages, we highlighted the unwelcome consequences of the exchange rate policy adopted under the outgoing Reserve Bank of India (RBI) regime
 "The new RBI should revert to old rupee policy to address challenges")
Strive for perfection in performing critical roles, RBI Guv to colleagues
Malhotra to follow an open door policy and remain accessible to everyone at RBI
 "Strive for perfection in performing critical roles, RBI Guv to colleagues")
