Wednesday, 1 February, 2023
TopicReserve Bank of India

Topic: Reserve Bank of India

RBI uses e-rupee to settle 2.75 billion rupees of government bonds in pilot project

Dharamraj Lalit Dhutia -
The digital rupee would make the interbank market more efficient, the RBI said Monday, when it announced the pilot for CBDC in the wholesale segment.

RBI’s monetary policy committee to meet to discuss first-ever inflation target miss

Swati Bhat -
The central bank aims to keep retail inflation within 2 percentage points on either side of its 4% target over the medium-term.

To curb rupee’s decline, RBI asks local banks to not build positions in offshore markets

Nimesh Vora -
This is a step back from the directions it issued in 2020, when it allowed banks operating from the International Financial Services Centre Banking Units to trade in the NDF segment.

RBI’s rate hikes to have limited impact on Indian banks’ profits, rating agency Moody’s says

Chris Thomas -
Hikes this year to combat inflation will only lift net interest margins. The agency also added that banks' profitability would be reduced by losses on government securities holdings.

India’s forex reserves fall to $537.52 billion, notching steepest weekly fall in six months

Anushka Trivedi -
The country's reserves were $545.65 billion at the end of the previous week. Reserves have now fallen for eight straight weeks and are near their lowest levels since August 2020.

India’s current account deficit widens to 2.8% of GDP in Q1, highest in nearly 4 years

Swati Bhat -
RBI data shows that India's CAD was around $23.90 billion in the first quarter of FY-22/23. Following the rising prices of commodities globally, the trade deficit also has been affected.

India’s falling forex reserve isn’t a worry for now, but RBI has a tightrope walk ahead

Radhika Pandey -
With US Fed hiking rates, RBI might be pushed to increase its own rates to slow simultaneous fall of rupee & India's forex reserves. But this could also hurt economic growth.

RBI unlikely to extend 30 September deadline for credit card security, say bankers, merchants

Nupur Anand -
According to RBI's data, card & internet transactions made up 34.6% of the total fraud cases in FY21.

RBI raises repo rate by 50 bps to cool inflation, 3rd hike in a row

PTI -
Friday's hike takes the repo rate above the pre-pandemic level of 5.15 percent.

Why Modi govt is on strong ground on fiscal deficit but some states are struggling

Radhika Pandey -
Central govt's fiscal deficit touched 21% of full-year target in April-June quarter. But going forward, buoyant tax collections could help manage higher than budgeted expenditure.
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Opinion

File photo of smog in Delhi. Some doctors have called air pollution a bigger threat than Covid-19.| Photo: Suraj Singh Bisht | ThePrint

Air quality is better but not enough to banish air purifiers. Here are options for your room & car

Sahil Mohan Gupta -
What’s the solution for people who cannot leave Delhi? Air purifiers from Dyson's expensive range to Xiaomi's affordable ones can be of help.
File photo of UP CM Yogi Adityanath | ANI

BJP star campaigner in Himachal, Yogi Adityanath is avoiding Gujarat poll rallies

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Wrangler Rubicon is a worthy Jeep but it’s too expensive for city roads

Economy

NFRA to conduct audit quality inspections of five audit firms

Manoj Rammohan -
New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...

Defence

The Defence Services Staff College in Wellington | Image credit: dssc.gov.in

In a first, six women officers to enter prestigious Defence Services Staff College

Snehesh Alex Philip -
As many as 15 women appeared for the examination, out of which six were selected, including one who has made it to the course along with her husband. 

National Interest

Why military is more for asserting political will, not just about controlling territory

Shekhar Gupta -
No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.

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