Creative Bharat
MUMBAI: The benefits of intervening in the foreign exchange market for emerging market economies like India far outweigh the costs, according to an article published in RBI’s Jan bulletin.The authors highlight that RBI’s interventions, both in the spot and forward markets, have effectively countered the volatility of capital flows. The report finds evidence of “symmetric […]
Throwing sand in the wheels to dampen the exchange rate volatility is more effective than attempts to influence the level of the exchange through large interventions, according to a study by RBI staffers. This observation comes in the backdrop of RBI’s intervention in the forex market to smoothen excessive volatility, with the rupee depreciating past […]
Ahead of the upcoming Union Budget for FY26, Reserve Bank of India (RBI) staffers suggested that one of the ways to revive the animal spirts may be to provide a consumption boost even as they cautioned that stickiness in food inflation warrants careful monitoring of second order effects. The suggestion regarding consumption boost comes in […]
MUMBAI: RBI has stated that Tata Sons’ application for de-registration as an NBFC is under examination. This is the first time the central bank has confirmed the development, which aims to avoid a listing of the holding company for the Tata Group.The disclosure was made by RBI while releasing the list of non-banking finance companies […]
The Reserve Bank of India, in consultation with the Government, has made changes certain changes in the extant Foreign Exchange Management Act (FEMA) regulations to promote cross border transactions in Indian rupee (INR) and local / national currencies. This move comes in the backdrop of the rupee coming under pressure amid a strengthening dollar, weakening […]
Ahead of the monetary policy review from February 5-7, Reserve Bank of India (RBI) Governor Sanjay Malhotra has convened a meeting on January 22 with industry captains, including heads of apex industry chambers of commerce. This meeting — described as a pre-policy interaction— assumes significance as it would be the first one after Malhotra assumed […]
MUMBAI/ NEW DELHI: RBI will retain its policy of currency market intervention to check excessive volatility as part of its overall strategy for macro-economic management, amid reports indicating a more “flexible approach”.On Tuesday, the Indian currency dropped to close at a new low of 86.63 against the dollar, down from the previous close of 86.58, […]
MUMBAI: RBI has redistributed portfolios among its deputy governors following the retirement of Michael Patra on Tuesday. Govt is interviewing economists as candidates for Patra’s successor, with RBI executive director Rajiv Ranjan reportedly in contention. Patra, who joined RBI in 1985, was named deputy governor on Jan 14, 2020, for a three-year term, succeeding Viral […]
NEW DELHI: The Reserve Bank has rejigged portfolios of its deputy governors, as the extended term of Deputy Governor Michael Debabrata Patra ended on Tuesday. The key monetary policy department under Michael Debabrata Patra has gone to senior most Deputy Governor M Rajeshwar Rao, the RBI said in a statement. The government, last year, extended […]
The rupee is set to breach the 86 level this week as the dollar strengthens against most currencies. MUMBAI: RBI governor Sanjay Malhotra faces his first major challenge after taking office last month. The rupee is set to breach the 86 level this week as the dollar strengthens against most currencies. This will impede efforts […]
