Yearly Archives: 2018

‘RBI ready to stand as lender of last resort’

Reserve Bank of India Deputy Governor Viral Acharya assured that the central bank was ready to stand as the lender of last resort in the context of liquidity needs of the non-banking finance sector. At the same time, Mr. Acharya said the present situation did not warrant any drastic steps …

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‘Cash Reserve Ratio not in MPC ambit’

In the post-policy interaction with the media, RBI Governor Urjit Patel declined to answer questions on the issues of RBI autonomy and rift with the government. You have given some hope on interest reversal, that is, in case the upside risks [to inflation] do not materialise. So when will the …

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IRD market: draft NRI norms on participation issued

Move will permit flexible hedging of rupee interest rate risk The Reserve Bank of India (RBI) Wednesday issued draft guidelines on non-residents’ participation in the interest rate derivative (IRD) market. The draft norms have proposed non-resident Indians’ (NRIs) access to the IRD market, allowing them to hedge their rupee interest …

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External benchmarks make an entry

Linking retail loans with external yardstick aimed at bringing in more transparency in pricing In a bid to bring in more transparency to loan pricing mechanism, particularly for small borrowers, the Reserve Bank of India (RBI) has asked banks to link the floating interest rate on retail loans and loans …

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Reserve Bank stands pat on rates

The Reserve Bank of India (RBI) has left the key interest rate or the repo rate unchanged at 6.5% during the fifth bimonthly monetary policy review on Wednesday — which was on expected lines — while maintaining the ‘calibrated tightening’ stance though it reduced the inflation projection sharply. All the …

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Indian-origin woman appointed head of SAfrica’s prosecuting authority

Indian-origin lawyer Shamila Batohi has been appointed to head South Africa’s prosecuting authority, the first woman to head the agency. She will start her new role as the National Director of Public Prosecutions in February 2019. Source  :

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‘We will also develop banned N-weapons’

President Vladimir Putin on Wednesday dismissed U.S. claims that Russia is violating a major Cold War treaty limiting mid-range nuclear arms. The tense rhetoric comes a day after Secretary of State Mike Pompeo said Washington would withdraw from the Intermediate-Range Nuclear Forces treaty (INF) within 60 days if Russia does …

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