Page 4 - Reserve Bank Of India

What is MuleHunter.AI? RBI's latest tool against financial fraud explained

The Reserve Bank Innovation Hub has launched MuleHunter.AI, an advanced AI tool designed to identify and flag mule accounts, aiming to combat financial fraud and money laundering

RBI MPC Updates: Shaktikanta Das headlines inflation, says no room for knee-jerk reactions

RBI Monetary Policy Meeting Dec 2024 Updates: Catch all the updates here

No room for knee-jerk reaction on growth forecast, RBI action: Guv Das

RBI Monetary Policy Committee answers queries on growth forecasts, liquidity, cash demand, and CRR adjustment

RBI raises FY25 inflation estimate to 4.8%, CPI to remain elevated in Q3

The Reserve Bank on Friday raised the inflation projection for current fiscal year to 4.8 per cent from 4.5 per cent with Governor Shaktikanta Das saying lingering food price pressures are likely to keep headline inflation elevated in the December quarter. Consumer price index (CPI)-based inflation increased sharply in September and October 2024 led by an unanticipated increase in food prices. Core inflation, though at subdued levels, also registered a pick-up in October. Fuel group remained in deflation for the 14th consecutive month in October. "In the near term, despite some softening, lingering food price pressures are likely to keep headline inflation elevated in Q3," Das said while unveiling the December 2024 monetary policy. RBI said CPI inflation for 2024-25 is projected at 4.8 per cent, with Q3 at 5.7 per cent; and Q4 at 4.5 per cent. CPI or retail inflation for Q1:2025-26 is projected at 4.6 per cent, and Q2 at 4 per cent. In the October policy, the central bank had ...

RBI raises rates for non-residents to attract forex, halt rupee losses

The move comes as the monetary authority has been using its foreign-exchange reserves to slow the pace of the drop in the rupee

What did RBI Governor Shaktikanta Das say about his tenure extension?

RBI MPC: Governor Shaktikanta Das dodges term question with a smile, focuses on policy

RBI hikes rate caps on diaspora's currency deposits to attract flows

The Reserve Bank on Friday announced a raise in the interest rate caps on the diaspora's foreign currency deposits, in a move aimed at attracting more capital flows amid pressures on the rupee. Announcing the fifth bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said it has been decided to increase the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits as per tenors. It can be noted that the move comes at a time when rupee has been hitting lifetime lows against the dollar, and the Reserve Bank of India (RBI) seems to be deploying forex reserves to contain the volatilities, as seen in the sharp fall in the kitty over the last few weeks. Starting from Friday, banks have been now permitted to raise fresh FCNR (B) deposits of 1 year to less than 3 years maturity at rates not exceeding Overnight Alternative Reference Rate (ARR) plus 400 basis points, as against 250 basis points earlier. Similarly, deposits w

RBI MPC: Inflation remains a key concern, Das expects relief in Q4 FY25

The RBI Governor Shaktikanta Das in his MPC announcement said that factors like frequent weather disruptions, geopolitical tensions, and financial market volatility pose significant risks to inflation

RBI keeps repo rate unchanged at 6.5%, lowers FY25 GDP growth forecast

Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future

RBI MPC: Policy likely to ease through liquidity if not rates, say analysts

MPC is largely expected to hold the key policy rate steady at 6.5 per cent for the eleventh straight meeting, but a few economists have forecast a 25 basis points (bps) cut

RBI Monetary Policy: Date, time, & where to watch Shaktikanta Das live

The RBI's crucial Monetary Policy review is underway, with Governor Shaktikanta Das set to reveal key decisions on December 6 at 10 am. Here's what you need to know

RBI approves Canara Bank's stake sale in MF, insurance subsidiaries via IPO

Canara Robeco AMC was established in 1993 and was initially known as Canbank Mutual Fund

News updates: Nykaa Fashion CEO Nihir Parikh quits with immediate effect

Catch all the major news updates from across the world here

Rupee weakness will not deter RBI from cutting rates, says Nomura

Nomura noted that high prices were concentrated in a few items, including food, rather than being broad-based, and that inflation excluding vegetables and other volatile items was still subdued

Brickwork Ratings settles matter with mkt regulator Sebi for Rs 1.54 crore

In January 2020, Sebi and the Reserve Bank of India had undertaken a joint inspection of Brickwork, where the two regulators found "several irregularities"

SBI urges RBI to include non-financial transactions for account status

Faced with the challenge of ensuring an account remains operative, the State Bank of India (SBI) has written to the Reserve Bank, requesting change in rules, and consider non-financial transactions like balance checking as well for tagging an account as operative. C S Setty, chairman of the country's largest lender, said many a time, an account holder, especially ones where cash transfers under government programmes is the primary usage, does limited number of financial transactions. After direct benefit transfer, the money gets credited into the account, there are at best two-three debit transactions before it becomes dormant and earns the tag of being inoperative, he said on the sidelines of a bank event late on Tuesday evening. Even a non-financial transaction should be able to activate the account, Setty said, adding, "We have taken it up with the Reserve Bank of India (RBI)." He added that the current set of rules focus on financial transactions in a given point of time which

Rupee recovers losses after hitting new intraday low of 84.76 per dollar

Market participants said that the RBI might have sold around $2 billion today, which helped the domestic currency cut losses

Will RBI announce a rate cut? MPC meet date, time, and what to expect

The RBI is expected to revise its growth forecast for the financial year 2024-25 following low Q2 GDP figures

Speculation over RBI Guv Shaktikanta Das' extension grows after GDP miss

Das himself has largely refrained from discussing his own future, telling Bloomberg a few months ago that he's focused on his work at the RBI

Self-help groups, farmers struggling to get loans : RBI Deputy Governor

MSMEs led by women underserved in borrowing system, says Swaminathan J in speech