Page 6 - Latest Updates on Reserve Bank of India
Foreigners selling Indian govt bonds won't return in a hurry: ANZ India
Given the volatility expected over the short-term horizon, we cannot imagine that we will receive any major inflows over the next two months, they added
 "Foreigners selling Indian govt bonds won't return in a hurry: ANZ India")
Reserve Bank defends forex policy as India attempts to avert global risks
The RBI has used its nearly $700 billion forex pile to prevent wild swings in the rupee, making it one of the least volatile currencies in the world
 "Reserve Bank defends forex policy as India attempts to avert global risks")
Macroeconomic stability a joint effort, says RBI Governor Shaktikanta Das
Stable inflation is foundation for sustained growth, says Das
 "Macroeconomic stability a joint effort, says RBI Governor Shaktikanta Das")
Exports not adversely impacted by rupee exchange rate policy: RBI Bulletin
Rupee's 40-currency real effective exchange rate (REER) - a measure of its competitiveness - shows the currency was overvalued by 7.21 per cent at the end of October, close to highest in 6 years
 "Exports not adversely impacted by rupee exchange rate policy: RBI Bulletin")
Pvt consumption back, medium-term economic outlook bullish: RBI Bulletin
Record production estimates for kharif foodgrains as well as promising rabi crop prospects augur well for farm income and rural demand, going forward
Gold loans: Select repayment plan that perfectly matches your cash flows
Gold loan borrowers have a range of repayment plans they can choose from
 "Gold loans: Select repayment plan that perfectly matches your cash flows")
RBI cautions on deepfake videos of governor giving financial advice
"These videos attempt to advise people to invest their money in such schemes using technological tools," the central bank said in a statement
 "RBI cautions on deepfake videos of governor giving financial advice")
Attrition in private banks improving, but long way to go: Swaminathan
Substantial regulatory focus on customer in the coming days
 "Attrition in private banks improving, but long way to go: Swaminathan")
Rupee depreciates to new low of 84.42 per dollar amid geopolitical tensions
The previous low of Rs 84.41 per dollar was hit last Thursday. The local currency had settled at Rs 84.40 per dollar on Monday
 "Rupee depreciates to new low of 84.42 per dollar amid geopolitical tensions")
Need to be very careful of cryptocurrency, says DFS Secy M Nagaraju
Speaking at the State Bank of India (SBI) Economic Conclave, Nagaraju said, "I am very sceptical of cryptocurrency. RBI is also very careful on that. We need to be very careful."
 "Need to be very careful of cryptocurrency, says DFS Secy M Nagaraju")
Govt likely to extend RBI Governor Shaktikanta Das's term for second time
Das has already been the RBI's governor for longer than the typical five-year maximum of recent decades and a further extension would make him the longest-serving since Benegal Rama Rau
 "Govt likely to extend RBI Governor Shaktikanta Das's term for second time")
Be vigilant for concentrations in biz models: RBI Guv Das to bank boards
Says need to curb unethical practices such as mis-selling of products
 "Be vigilant for concentrations in biz models: RBI Guv Das to bank boards")
RBI to launch cloud services in 2025 to challenge global firm dominance
The burgeoning cloud services market in Asia's third largest economy was estimated at $8.3 billion in 2023 and is expected to grow to $24.2 billion by 2028
Municipal bodies must impose proper user charges for facilities: RBI report
RBI report noted that fees and user charges represent important sources of revenue for all civic bodies, particularly in Maharashtra, Rajasthan, Gujarat, and Tripura
 "Municipal bodies must impose proper user charges for facilities: RBI report")
India's foreign exchange reserves drop $29 billion in the past six weeks
The week ended Nov 15 saw a decline of $6.48 billion, largely due to foreign investment outflows and a decline in the value of gold assets
 "India's foreign exchange reserves drop $29 billion in the past six weeks")
RBI asks shadow banks to give information on supply-chain financing
NBFCs may have to rework credit service typically used by small businesses
 "RBI asks shadow banks to give information on supply-chain financing")
Modest means: Time to strengthen and reimagine India's local bodies
To improve MC finances, interventions will be required at various levels. Most importantly, MCs will have to work on boosting their revenues
 "Modest means: Time to strengthen and reimagine India's local bodies")
Bank deposit growth may struggle to keep pace with credit momentum: S&P
Investors may seek higher risk premium for increased regulatory risk
 "Bank deposit growth may struggle to keep pace with credit momentum: S&P")
Piyush Goyal wants RBI to cut rates, questions food inflation-driven policy
RBI's Monetary Policy Committee has kept the repo rate at 6.5% since February 2023. Retail inflation hit a 14-month high in October
 "Piyush Goyal wants RBI to cut rates, questions food inflation-driven policy")
SBI, HDFC Bank, ICICI Bank continue to be systemically important: RBI
RBI had classified SBI and ICICI Bank as domestic systemically important banks (D-SIBs) in 2015 and 2016, respectively. In 2017, HDFC Bank was also classified as a D-SIB
 "SBI, HDFC Bank, ICICI Bank continue to be systemically important: RBI")
