Bhaskar Dutta

Say current dynamics warrant hike, but RBI should keep liquidity stance flexible

India had fifth largest forex reserves in the world as of Feb 2023, says RBI bulletin

Following govt's latest move, tax would be computed on based the investor's tax bracket; levy could be as high as 30%; Centre's step puts the tax for MF units at parity with that for bank FD

The meeting comes in the backdrop of banking crisis in US triggered by the SVB collapse and the Fed's adoption of a softer tone on future rate hikes in its latest policy statement

Late Wednesday, the US Federal Open Market Committee raised interest rates by 25 basis points

Executive played a role in expanding firm's credit and capital markets products in Asia-Pacific

About 60 per cent of banks' investment book is in the HTM portfolio, analysts at Macquarie Research wrote

Meanwhile, issuance of commercial papers---securities sold by companies to raise funds--dropped sharply to Rs 12.5 trn in FY23 (up to Feb 28) from Rs 19 trn over the same period last year

Rebasing CPI necessary to make index relevant to present consumption patterns

Forward book surges $10.76 bn as central bank picks up dollars

PNB likely to issue AT-1 bonds worth Rs 2,000 cr this week; yields not seen surging

Advance tax, GST payments leading to tight liquidity; RBI may do more repos

The fall in OIS rates mirrored a decline in the 10-year US bond yield, which plunged close to 40 bps after the collapse of SVB

This is the first time since 2019 that RBI has infused more than Rs 1 trillion

The domestic currency has experienced turbulence since February due to apprehensions of more rate hikes by the US Federal Reserve

AT1 bonds are a means by which banks augment core equity capital

Short-term instruments, such as T-bills, are extremely sensitive to interest rate expectations

Viral Acharya says the Big5--Reliance, Tata, Aditya Birla, Adani and Bharti--are growing less at the expense of the small fries than at that of the next five big firms

A rebound in the dollar index, caused by the global flight to safety of the US currency, took a toll on Asian currencies, including the rupee

Reliance on short-term funding increases as bank borrowings average Rs 4.2 trn