Anjali Kumari
Anjali Kumari
Falls 21p to new low of 84.70; RBI has limited intervention room
The bonds, rated 'AA' by domestic rating agencies CRISIL and IndiaRatings, have a base size of Rs 500 crore and a green-shoe option of Rs 2,500 crore
The rupee depreciated by 0.48 per cent against the dollar in November, following a decline of 0.25 per cent in October
May cut cash reserve ratio, lower growth and inflation projections
Bond yields fall 6 bps post GDP numbers
According to the latest data released by the RBI, in the week ended November 22, India's foreign exchange reserves declined by $1.31 billion to stand at $656.58 billion
So far in FY25 (up to October), Indian corporates have raised around Rs 35,000 crore from overseas investors through bonds
Government cash balance turns negative; Fx market remains volatile
The liquidity in the banking system stood at a deficit of Rs 6,956 crore on Monday, according to the latest data from the Reserve Bank of India
The rupee had appreciated to a high of Rs 84.22 per dollar on Wednesday as the dollar index fell by 0.7 per cent after surging for the majority of the month
So far, lenders have raised Rs 74,256 cr
The local currency settled at Rs 84.29 per dollar on Monday, against Rs 84.46 per dollar on Friday
The deputy governor highlighted that despite their importance, MSMEs often struggle to secure timely and adequate credit
State-owned banks have increasingly turned to the domestic capital market to raise funds via infrastructure bonds, driven by credit growth needs amid challenges in deposit mobilisation
Uncertainty around the US Federal Reserve's future rate trajectory further weighed on the local currency
India Inc. will likely continue to tap the dollar bond market in the long run, given the strong demand for high-yield papers
The RBI had net sold $6.49 billion in the spot market in August. In the current financial and calendar year, the central bank has been a net seller of dollars in three months - April, June, and August
In October 2024, the rupee appreciated by 1.8 per cent month-on-month (M-o-M) in terms of the 40-currency REER
Premature to say slowdown in urban consumption going to persistent
The previous low of Rs 84.41 per dollar was hit last Thursday. The local currency had settled at Rs 84.40 per dollar on Monday