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The Latest Breaking News from RBI

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

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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

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 Hindu

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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%

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

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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.

The Hindu

Malappuram DCB-Kerala bank merger: RBI nod expected

THIRUVANANTHAPURAM

The Hindu

UPI costs must be met through other means: Centre

Earlier, RBI had plans to levy charges for payment systems including UPI, NEFT and IMPS

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The Hindu

Freebies come at a price: economist

RBI’s Monetary Policy Committee member Ashima Goyal says voters should be told about financing and trade-offs involved

The Hindu

Government must release White Paper on privatisation of public banks: Congress

It has forced RBI to become the “Reverse Bank of India”, Congress says

The Hindu

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor

“Currently, India is the third largest economy in the world in PPP terms, with a share of 7% of global GDP after China and the U.S.,” says Michael Debabrata Patra.

The Hindu

Banks to face consequence for unacceptable practices of loan recovery agents

RBI clamps down on ‘intimidation’

The Hindu

The buyer may wait a little longer

RBI decision to increase repo rate will have its impact.

Dynamite News

Centre re-nominates 4 independent directors on central board of RBI

Further, Iyer and Chaturvedi have been re-appointed as a Member of the Northern Local Board and on the Eastern Local Board of the Reserve Bank of India for a further period of four years after completion of their present tenure on September 18, 2022, or until further orders. Read more…

The Hindu

KIIFB case: Either state the nature of offence or recall summons, Thomas Isaac tells ED

ED is the political tool of the BJP, alleges the former finance minister

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