Anjali Kumari
Anjali Kumari
CDs, which are short-term debt instruments employed by banks to amass funds, have seen an uptick in rates
Banks earn less for keeping money in SDF, at 6.25 per cent, while call money rates hover around 6.70 per cent
The rupee had settled at the same level on September 18
The RBI Governor, Shaktikanta Das, had said on Friday that the central bank might conduct open market operations to mop up excess liquidity
Banks park Rs 2,760 cr with central bank as RBI hints at open market operations
The SDF rate is 6.25 per cent, which is lower than the call money rate
Some see another hike in interest rates
Patra also mentioned that households are shifting from financial savings to physical savings
Rate-setting panel considers high inflation as risk to macroeconomic stability and sustainable growth, says Shaktikanta Das
The significant rise in US Treasury yields was based on the view that the US Federal Reserve might keep the rates higher for an extended period
He also worked as the Adviser to the Executive Director at the International Monetary Fund from 2012 to 2015
Equity sell-off continues; domestic 10-yr g-sec yield flat
The rupee settled at Rs 83.21 per US dollar on Monday, against Rs 83.04 a dollar on Wednesday
The deficit liquidity neared Rs 1.47 trillion on 19 September, the highest since 29 January 2020, when the banking system liquidity deficit went up to Rs 3 trillion
Some expect upward revision in FY24 inflation forecast
After a relatively stable Q1, the rupee faced pressure in the second quarter of FY24 due to rising US yields and crude oil prices, depreciating by 1.2 per cent between July and September
The yield on the 10-year benchmark government security rose 10 basis points during the quarter to settle at 7.22 per cent on Friday
The yield on the benchmark 10-year bond settled at 7.24 per cent, against 7.17 per cent on Wednesday
The auction of government-dated securities scheduled on Friday, will now be conducted on Thursday, with settlement on Friday
As part of its borrowing programme, the central government is set to raise Rs 20,000 crore via sovereign green bonds.