Anjali Kumari
Anjali Kumari
Experts suggest 30% equity contribution should include preference shares and convertible instruments
After Maharashtra last week, Tamil Nadu rejects bids for 15-year paper
Fundraising rush follows SBI's record Oct issue as yields soften
The dollar index was largely steady at 99.55, against the previous close of 99.62. It measures the strength of the greenback against a basket of six major currencies
Government bond yields dropped as traders anticipated Reserve Bank of India support through open market purchases, with expectations of an OMO calendar announcement boosting sentiment
Bond mkt expects OMO calendar in Dec policy review
Government bond yields remained unchanged on Friday as the cut-off for the new 10-year paper matched market expectations, with traders watching US Treasury moves next week
Financial stability remains the 'North Star' for the central bank
He said that in a truly competitive market, banks might have sought to recover these additional costs from fintechs, but doing so could have slowed the pace of technological adoption.
The reserves had hit a record high of $705 billion in September 2024
However, Nagaraju cautioned that the digital transition must be carefully managed to ensure that service quality and customer trust are not compromised
RBI engages with market participants amid widening India-US yield spread; bond purchases unlikely before final CRR cut at month-end
Maharashtra declined all bids for its long-term bond re-issues even as seven states raised Rs 11,600 crore, below the notified Rs 13,600 crore, at the weekly auction on Tuesday
RBI's short dollar positions rose $6 billion in September, signalling renewed intervention in forwards to stabilise the rupee amid depreciation pressure and speculative build-up
Market participants said that sentiment in the domestic debt market improved due to the US Federal Reserve's policy rate cuts, and growing expectations of a trade deal between the two countries
RBI data show bank loans fell by Rs 49,468 crore in mid-October, even as annual growth improved marginally to 11.5 per cent; deposits also declined during the period
Govt banks stay away from auction
India's gold reserves climbed to $108 billion as global prices surged and the RBI added to its holdings, diversifying forex reserves amid rising global uncertainty
The rupee settled at 88.25 per dollar against the previous close of 87.85 per dollar
The payments bank's new official domain, jiopayments.bank.in, replaces jiobank.in as part of RBI compliance and enhanced digital security framework