The report states that the United States Federal Reserve's recent move which indicates an ease in the rates will influence the apex bank's decision
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Aviral Jain has experience of more than three decades in areas of supervision, currency management, foreign exchange regulation and human resource management
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According to the latest data from the apex bank, India's foreign currency assets (FCA), the largest component of forex reserves, were at USD 616.154 billion
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According to the central bank’s latest balance of payments data, income from reserve assets surged to USD 4.1 billion, up from USD 2.7 billion in the same quarter last year
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The report suggests that domestic economic conditions are the primary factor influencing the central bank's decisions
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Despite inflation falling below the apex bank's target of 4 per cent for the past two months, the policy rates will not change in the MPC meeting commencing on 7 October, as per BoB report
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The six-member MPC is responsible for setting policy interest rates and framing monetary policy to control inflation and support economic growth in the country
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RBI recently reviewed loans pledged against gold ornaments and jewellery
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The regulator may circulate some tighter regulatory norms to suppress the credit risks in the coming future, notably for the loan segment with higher delinquencies
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Jefferies' India office expects only a 25 basis points rate cut this year to 6.25 per cent and a total of 100 basis points in the forthcoming easing cycle, the investment company said in a report
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