scorecardresearch
Friday, May 10, 2024
TopicReserve Bank of India

Topic: Reserve Bank of India

Subdued earnings & rising interest cost burdens — what early bird Q4 corporate results are telling us

Apart from RBI rate hike, uncertainty in banking, insurance & financial services in North American markets have resulted in weak Q4. We look at 59 non-finance & non-oil companies.

By staying its hand on policy rate hike, RBI has chosen growth. Govt in pre-election yr isn’t complaining

Despite inflation surpassing upper limit of 6%, RBI kept rates unchanged & since growth in income per head has been anaemic since 2019 polls, govt's happy to see attempts to rectify this.

RBI’s surprise: Interest rate unchanged, outlook for growth tweaked upward & inflation downward

Central bank’s rate-setting body felt that it was time to assess impact of past hikes, while also staying ready to increase interest rates again if needed, said RBI Governor Shaktikanta Das.

‘Slowing growth more worrying than inflation’ — why 2 members of RBI panel opposed repo rate hike

While saying that higher interest rates affect growth more than inflation, the two members said raising rates further could result in 'unacceptably low' growth in 2023-24.

UPI linked to Singapore’s PayNow, bilateral money transfer now ‘safer, instant & cost-effective’

India, Singapore launch real-time cross-border linkage between respective payment systems, expected to boost existing annual retail payments & remittances worth $1 bn between the two.

Both growth & inflation trending down, analysts expect RBI to hike rates by 25 bps at most today

Overall CPI inflation has been below 6% for last two months & growth is expected to slow in second half of FY23. But high core inflation could still result in marginal rate hike.

Does inflation targeting work? IMF paper casts doubt on policy of RBI, many other central banks

Findings are of relevance for RBI, which has followed inflation targeting policies since 2016 but had to write to govt in December 2022 explaining why inflation had overshot target.

What is Section 26(2) of RBI Act & how it divided SC judges in demonetisation case

Section 26(2) of Reserve Bank of India Act allows central govt to declare any series of bank notes of any denomination illegal tender after a recommendation from central board of RBI.

Do Indian newsrooms get it right on economic trends? RBI has the answer

In a study published in RBI bulletin last month, the authors found that news articles can capture trends in various sectors of the economy, even before official statistics are out.

Rupee to hover near weaker side of 81/dollar, bond yields await RBI’s monetary policy decision

The rupee ended last week at 81.3175 per dollar but underperformed its Asian peers due to strong demand for the greenback from corporates.

On Camera

What’s Xi Jinping doing in Europe? His goal is more strategic than economic

India should aim to get European investments that are clearly no longer going to China. That is where the dots of its efforts to save Asia from China’s dominance converge at its most basic.

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.

Vice Admiral Sanjay Bhalla takes charge as Chief of Personnel of the Indian Navy

His tenure as Chief of Personnel will be marked by a number of important appointments, both afloat and ashore.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.