Latha Venkatesh

2 months ago | moneycontrol.com | Latha Venkatesh

Despite being less than 60 days into the job, the governor stuck to the age-old RBI script when questioned on the RBI's FX market intervention. The RBI MPC delivered a rate cut as expected and the governor in his statement promised “sufficient” liquidity. What stood out was the restrained dovishness of the policy – admitting to the scope for a rate cut now, given the fall in inflation and growth, but refusing to guide any more dovishness or restrictiveness.

2 months ago | moneycontrol.com | Latha Venkatesh

The policy ecosystem has clearly changed dramatically since the December policy Market maange moreIndian markets are in an Oliver Twist mode with respect to the upcoming RBI policy. An overwhelming majority expect a rate cut; a few expect a CRR cut as well.

2 months ago | moneycontrol.com | Latha Venkatesh

To cut back to the problem at hand, in India today, despite the growth slowdown, interest rates are being discussed much less than liquidity Tight liquidity is the single biggest complaint of all bankers, NBFC honchos and even corporates, who were interviewed by journalists in Davos. This is a bit unusual. Corporates normally demand lower interest rates. Govt-RBI tussles are also usually over interest rates - ie the price of money, not the stock of money.

Jan 19, 2025 | flipboard.com | Latha Venkatesh

6 hours agoDonald Trump Inauguration: Which World Leader Is Not Invited?

Jan 19, 2025 | moneycontrol.com | Latha Venkatesh

In his last assignment as DG, Patra handled a bunch of  responsibilities of RBI that directly shaped everyone of the above functions. January 19, 2025 / 19:48 IST In his last assignment as DG, Patra handled a bunch of  responsibilities of RBI that directly shaped everyone of the above functions. Last week saw the ending of the term of Michael Patra as deputy governor of the Reserve Bank of India. This brings the curtains down on almost an era at RBI.