Swaminathan J Granted Two-Year Extension as RBI Deputy Governor
Swaminathan J, RBI Deputy Governor, granted two-year extension, stability to central bank’s leadership, expected to promote economic growth and stability in India.
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RBI Keeps Repo Rate Unchanged Amid Global Uncertainty, Attracts Foreign Capital
The Reserve Bank of India (RBI) has left interest rates unchanged, despite raising its inflation forecast and lowering its growth outlook, as policymakers grapple with pressure on the rupee and heightened global uncertainty. The RBI has widened overseas investors’ access to government securities, eased investment restrictions for foreign portfolio investors (FPIs), and backed tax exemptions on sovereign bond investments.
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SBI to Finance Second M&A Transaction, RBI Rate Decision to Impact Indian Economy
State Bank of India (SBI) is set to finance its second merger and acquisition transaction in the current year, while the Reserve Bank of India (RBI) is expected to hold rates, impacting the Indian economy. SBI’s M&A financing plans and the RBI’s rate decision will have significant implications for the banking sector and investors.
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RBI Rate Pause Expected to Support Economic Growth Stability
The Reserve Bank of India’s upcoming monetary policy decision is expected to have a significant impact on the country’s economic growth. Experts predict a rate pause to support stability, with SBI Chairman C.S. Setty stating that a pause will help stabilise economic growth rates.
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RBI Denies Selling $12 Billion Worth of Gold, Clarifies Gold Stock Holdings
The Reserve Bank of India (RBI) has clarified that speculation over the central bank’s sale of gold reserves is not correct. The RBI’s gold stock holdings remain unchanged at 880.52 tonnes, with its share in India’s foreign exchange reserves increasing over the past few months.
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Corporate Bond Sales in India to Slow Down as Borrowing Rates Hit 7-Year High
Corporate bond sales in India are expected to slow down as borrowing rates hit a 7-year high. The surge in borrowing costs is attributed to higher policy rates and tighter liquidity conditions from the Reserve Bank of India. Companies are likely to shift towards alternative funding options, such as floating-rate bonds, short-term borrowings, and bank loans.
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RBI Urged to Intervene to Stabilize Excessively Depreciated Rupee
SBI Research calls for stronger RBI intervention to support the rupee, citing excessive depreciation and undervaluation. The RBI is expected to maintain interest rates amid rising inflation risks, but should address currency volatility.
