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ARCHIVES: Challenges that new RBI Governor will face

As the government homes in on a contender to replace outgoing Reserve Bank of India Governor Raghuram Rajan, there is a list of challenges that the new central bank chief will inherit. Here are the major ones.

How to make investing in short term debt work for you?

Recently the rupee has bounced back, which has also been helpful to investor sentiment. By reducing demand for dollars, and tightening domestic liquidity & positive steps which will help banks mobilize FCNR deposits, the RBI has succeeded in breaking the arresting the rupee fall.

RBI steps good sign for eco, but repo rate may rise: HDFC

Keki Mistry of HDFC feels that the RBI's steps on Monday will bring down the short term rates by 50 bps. However, with the possibility of higher inflation going forward, repo rates may be hiked, he says.

Cost of funds lower now; $20 bn FCNR inflows seen: Yes Bank

RBI's measures to promote currency swaps have helped lower the bank‘s cost of funds (or interest costs), says Rajat Monga of Yes Bank.

Negative surprises from FOMC meet, RBI likely: BP Singh

Given the kind of data that has come from global as well as domestic markets, it is unlikely that the FOMC decision will be favourable and the RBI will continue to maintain a soft stance.

New dollar window a big boost for banks

Under this window, banks can swap the dollar deposits raised from non-resident Indians with rupee deposits. And for this hedge, banks will have to pay RBI an interest at just 3.5 percent per annum, against current hedging costs of 7 percent. This will bring the total cost of FCNR deposits down to around 9 percent.

Bonds yields will touch sub 8% mark in 3 months: BofA

Jayesh Mehta of Bank of America feels that the RBI moves announced on Wednesday will shore up confidence of banks and increase reserves too.

RBI takes steps to ease foreign currency inflows

The Reserve Bank of India (RBI) on Friday announced measures to augment foreign currency inflows, following a sharp fall in the rupee in recent sessions.