Page 44 - Anjali Kumari

RBI MPC changes stance to neutral; keeps repo rate unchanged at 6.5%

MPC to 'remain unambiguously focused' on a durable alignment of inflation with the target, while supporting growth

RBI intervention keeps rupee from hitting 84 against the US dollar

The rupee was weighed by outflows from the domestic equities, rise in crude oil prices, and the surge in dollar index, said dealers

RBI, Maldives monetary authority sign $400 million currency swap agreement

This arrangement will remain in effect until June 18, 2027

Forex reserves surged $311 billion under RBI Governor Shaktikanta Das

Latest RBI data showed, India's foreign exchange reserves surpassed the $700 billion mark

In a first, India's foreign exchange reserves surge past $700 billion

Reserves rose by $12.58 billion, marking the fifth-highest weekly increase

Monetary policy: RBI likely to hold rates for 10th time, shows BS poll

The RBI will announce the review of the policy on October 9

RBI to conduct govt bond buyback auction worth Rs 25,000 crore on Oct 10

By repurchasing its own outstanding bonds from the market before they mature, the government reduces its liabilities and strengthens its fiscal position

Rupee depreciates 15 paisa against US dollar tracking Asian peers

The significant outflow from domestic equities further weighed on the Indian unit, said dealers

CareEdge assigns BBB+ to India, first Indian agency in global ratings space

The agency projects a gradual reduction in India's general government debt-to-GDP ratio, from the current 80 per cent to 78 per cent by FY30 and 73.5 per cent by FY35

Utkarsh SFB's reverse merger expected within a year, says MD & CEO

According to these guidelines, promoters are required to reduce their shareholding to 26 per cent within 15 years of starting banking operations

Rupee remains overvalued against trading partners despite new lows

Market participants said that REER might moderate further in the current calendar year (CY24) and financial year (FY25) on the back of inflows

RBI's Mibor committee backs benchmark based on secured money market

The Committee noted that banks in India are increasingly linking their personal, retail, and MSME loans to the policy repo rate, with a growing share of advances tied to this rate

Services, retail credit growth moderate in Aug on drop in credit to NBFCs

Credit to NBFCs grew by 11.9 per cent Y-o-Y in August 2024, sharply down from 21.3 per cent a year ago. Credit to trade declined to 15.5 per cent from 17.4 per cent in August 2023

REC's deep-discount zero-coupon bond issuance receives strong demand

The issuance had a base issue size of Rs 1,000 crore, with a greenshoe option of Rs 4,000 crore. The company received bids worth Rs 33,670 crore, nearly 34 times the base issue

Rupee steady against US dollar in CY24, weakens vs euro and pound

Experts say RBI's action in dollar market may had an impact

Foreign exchange reserves hit fresh high, inch closer to $700 billion

The previous record of $689 billion was hit in the week ended September 13. The total reserves rose on the back of an increase in foreign currency assets which rose by $2.05 billion during the week

Rising issuance of CPs, CDs likely to keep money market rates elevated

This surge in CD issuances is driven by quarter-end reporting, as funds raised through CDs are included under aggregate deposits, the report highlighted

Central govt's H2 borrowing plan in line with bond market expectations

The gross market borrowing will be conducted through 21 weekly auctions across securities with maturities of 3, 5, 7, 10, 15, 30, 40, and 50 years

Nearly 63% of investors on the Grip Invest platform are millennials

Repeat investments in corporate bonds on its platform also quadrupled in 2024, indicating strong investor confidence

Banks turn to CD issuances in September amid sluggish deposit growth

Banks have issued Rs 7.78 trillion worth of CDs in the current calendar year until August 2024, compared to Rs 4.9 trillion in the same period of 2023, registering a 59 per cent growth