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The Latest Breaking News from RBI

Current account deficit widens to 2.8% of GDP in Q1 of FY23: RBI

MUMBAI: India's current account deficit, a key indicator of the balance of payment position, widened to 2.8 per cent of GDP at $23.9 billion in the first quarter of the current financial year, mainly on account of a higher trade deficit.

The Times of India

Indices on Indian markets snap 6-day losing streak in early trade

The benchmark indices on stock equity markets snapped the six-day losing streak and opened higher during early trade on Thursday. Read more on Dynamite News:

Dynamite News

Share of industrial loans in bank credit on decline, personal loans up: RBI

MUMBAI: The share of industrial loans in total credit has been gradually declining over the last decade while that of personal loans is on the rise, the Reserve Bank said on Wednesday.

The Times of India

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Three-day RBI monetary policy meet starts today; another repo rate hike likely

The monetary policy committee of the Reserve Bank of India is all set for its bi-monthly review meeting starting today. Read more on Dynamite News:

Dynamite News

Falling Rupee: TOI says ‘it’s all right’, Express says ‘hawkish commentary roiled markets’

While the Indian rupee has continued to hit record lows, editorials by prominent English dailies have differed on the role played by the Reserve Bank of India.

Newslaundry

India has fairly large forex reserve to deal with current situation: Economic affairs secretary

NEW DELHI: Economic affairs secretary Ajay Seth on Tuesday dismissed the concerns over depletion of forex reserve as "overblown" and said India has fairly large reserve to tide over the current situation.

The Times of India

RBI's rate-setting panel to start 3-day meet on September 28, another rate hike likely

MUMBAI: The Reserve Bank's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation, in line with similar actions taken by other major central banks, including the US Fed.

The Times of India

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Sensex, Nifty end lower on selloff in metal, banking stocks

MUMBAI: Key benchmark indices sensex and Nifty closed lower for the fifth straight session on Tuesday in a volatile trade tracking losses in metal, banking and financial stocks.

The Times of India

Only request to PM Modi is to stop Rupee from scoring century: Congress

Congress Spokesperson Supriya Shrinate said for the first time in history, the rupee is racing fast towards 82 against the dollar

The Hindu

India has fairly large forex reserve to deal with current situation: Economic Affairs Secretary

Foreign exchange reserves were down for a seventh continuous week, dropping to $545.65 billion on September 16.

The Hindu

Sensex tumbles 954 points; Nifty settles at 17,016: Top reasons behind market fall

NEW DELHI: Equity indices dragged for the fourth straight session on Monday with the benchmark BSE sensex crashing over 900 points amid weak global market trends and foreign fund outflows.

The Times of India

The death trap that’s India’s illegal loan apps

One night in November 2020, Sai Aravind, telephoned a friend. In the course of the two-hour conversation, the 23-year-old wept incessantly, almost unable to speak through his tears.

Newslaundry

Currency pressure: On the rupee’s depreciation against the dollar

The Reserve Bank of India will have to ensure price stability and prevent further weakening of the rupee

The Hindu

Economists see RBI delivering another 50 bps hike next week

MUMBAI: Economists are unanimous in forecasting that the central bank has no other option but to deliver a 50 bps rate hike next week and take the terminal rate to 6.25 per cent by December.

The Times of India

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The Times of India

Sensex crashes 1,021 points; Nifty settles at 17,327: Top reasons behind market fall

NEW DELHI: Equity indices dragged for third straight session on Friday with the benchmark BSE sensex crashing over 1,000 points amid an overall bearish trend in global markets.

The Hindu

Good investment climate boosts project financing

The State’s share in the overall project cost of ₹1,43,314 crore sanctioned by banks and financial institutions increased to 8.7% in 2021-22 from just 0.7% of ₹75,558 crore in 2020-21

The Times of India

RBI cancels licence of Maharashtra-based Laxmi Co-operative Bank

NEW DELHI: The Reserve Bank of India (RBI) on Thursday cancelled licence of The Laxmi Co-operative Bank Limited in Solapur, Maharashtra citing inadequate capital and earning prospects.

The Hindu

Explained | The electoral bonds scheme and the challenges to it in Supreme Court

So far, from March 2018 to April 2022, over 18 thousand bonds worth over ₹9.8 thousand crore have been sold by the SBI in 20 tranches

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The Times of India

Explainer: What if US economy goes into recession? How it may impact India

NEW DELHI: The US Federal Reserve is expected to lift interest rates by three-quarters of a percentage point for a third straight time on Wednesday and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.

The Times of India

RBI removes Central Bank of India from corrective action list

MUMBAI: The Reserve Bank on Tuesday said Central Bank of India has been removed from the Prompt Corrective Action Framework (PCAF) watchlist following improvement in various parameters and a written commitment that the state-owned lender will comply with the minimum capital norms.

The Times of India

RBI wants fintech operators to follow rules of game: Shaktikanta Das

MUMBAI: Warning against mushrooming of lending apps and their usurious recovery prices, the Reserve Bank said it is not interested in penalizing operators or stifling innovation but wants them to follow the rules of the game, governor Shaktikanta Das said on Tuesday.

The Times of India

India Inc's overseas direct investment drops 59% at $1.03 billion in August: RBI data

MUMBAI: India Inc's investment in their overseas ventures dropped by 59 per cent on an annual basis to $1.03 billion in August this year, data from Reserve Bank showed on Friday.

The Times of India

State Bank opening rupee accounts for trade with Russia

State Bank of India (SBI), the country’s largest lender, is opening special rupee accounts to handle Russia-related trade settlements in the local currency but is not the main bank for such business.

The Times of India

Explained: What India needs to do to tame soaring inflation

NEW DELHI: Just when the world was gradually recuperating from the slowdowns caused by Covid-19 pandemic in the last 2 years, the war between Russia and Ukraine worsened matters.

The Hindu

India not defending INR; Rupee can take care of itself: Chief Economic Advisor Anantha Nageswaran

Chief Economic Advisor V. Anantha Nageswaran said the Rupee is being managed in a manner that reflects the fundamentals of the economy.

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