Anjali Kumari
Anjali Kumari
Patra says exclusion of new 14/30-yr G-sec from FAR to boost 5/10-yr bond demand
Monetary policy stance retained at 'withdrawal of accommodation' to aid the MPC's focus on bringing inflation towards the target
Market participants said that the RBI asked some banks to refrain from speculative trading against the rupee
The liquidity in the banking system has improved significantly on the back of government spending
RBI intervenes in off-shore, spot markets to curb volatility
Market participants said that the local currency might gradually depreciate to Rs 84 per dollar in near term
According to Bloomberg data, the weighted average call rate also declined 5 bps on Monday to 6.44%
Most respondents expect rate cuts from Dec; change in stance unlikely
The rupee settled at Rs 83.75 per dollar, against Rs 83.73 per dollar on Thursday
The first green bond auction of this financial year was cancelled on May 31 for similar reasons
Lender was looking to mop up Rs 3,000 crore, but bids totalled only Rs 1,390 crore
Recently, SGB investors have expressed concerns due to market fluctuations and the government's decision to lower the customs duty on gold which may result in reduced returns on their investments
Inflows into shorter tenure bonds likely to be boosted
BFSI sector, governed by well-defined regulations, is relatively protected from such attacks
In July so far, the rupee has depreciated by 0.4 per cent, against 0.1 per cent in June
Currently, foreign investors hold around $1 billion worth of existing 30-year bonds
But some see it hitting 84/$ tracking Asian peers
According to analysts, banks with an LCR exceeding 130 per cent are relatively comfortable, though not many lenders boast such robust ratios
The rupee remained under pressure during the week due to persistent outflows from domestic equities, said dealers
The previous record high reserve was $667 billion in the week ended July 12