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The Latest Breaking News from RBI

Inflation on RBI radar; repo rate hiked

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday raised the policy repo rate –

The Hindu

New rules for debit, credit cards begin with tokenisation today,

New Delhi The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens Read more on Dynamite News:

Dynamite News

India’s central bank hikes interest rates to tame inflation

The fourth straight increase is part of the central bank’s effort to tame stubbornly high inflation.

Al Jazeera

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RBI hikes repo rate by 50 bps to 5.90 pc, inflation projection retained

Mumbai The Reserve Bank of India (RBI) on Friday hiked repo rate">rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Read more on Dynamite News:

Dynamite News

Data | Automation crushes bank hirings for clerical jobs, officers unaffected

ATM usage, mobile and online transactions, and fewer new bank branches have led to reduced recruitment

The Hindu

How much should India prop up the rupee?

Last week, the rupee weakened against the dollar past the 81-mark to a record low. In recent months,

The Hindu

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

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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

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

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

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 Hindu

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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

The Street

Burger King Menu Has Something New For Chicken and Fish Fans

And a newer, cooler Burger King is coming soon to a city near you.

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.

The Hindu

Food prices may affect August inflation

Retail inflation was 7.28% in first quarter, while RBI expects it to touch 7.1%

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The Hindu

Staying the course: On monitoring inflation

Inflation may have moderated a bit, but remains a threat that warrants constant vigil

The Hindu

Nirmala Sitharaman initiates crackdown on illegal loan apps

The Union Finance Minister asks RBI to prepare a 'Whitelist' of legal loan apps

The Hindu

Slow improvement: On first quarter GDP growth

Fiscal authorities should spur consumption and investment to aid faster recovery

The Hindu

Finance Minister to review state of economy at FSDC meeting on September 15

FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister

The Hindu

Intel agencies seek law on crypto deals

Exchanges must be mandated to report suspicious transactions, officials tell Home Minister

The Hindu

Banking goes 100% digital in Palakkad

MP calls upon banks to be empathetic to common people

The Hindu

RBI imposes restrictions on Thodupuzha Urban Co-operative Bank, Kerala

The restrictions will remain in force for six months from the close of business on August 23, 2022.

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