Page 62 - Anjali Kumari

Advance tax payments push the banking system liquidity into deficit

"The estimates are that around Rs 90,000 crore to Rs 1 trillion will go out as goods and services tax (GST) outflow," a dealer at a primary dealership said

Rupee hits all-time closing low of 83.27 to dollar amid rise in oil prices

The rupee had hit an all-time low of Rs 83.29 per dollar on October 20, 2022

Reserve Bank of India net-purchased $3.5 bn foreign currency in July

The rupee depreciated by 0.3 per cent in July. In June, the RBI had recorded a net purchase of $4.5 billion in the spot market

99% of investors expect US Federal Reserve to keep rates unchanged

According to the CME Fed Watch tool, 99 per cent of investors expect the US Federal Reserve to keep the rates unchanged at 5.25-5.50 per cent in their next meeting

Market participants look forward to the US Fed outcome for positive cues

According to the CME fed watch tool, 98 per cent of investors expect the US Federal Reserve to keep the rates unchanged

India's foreign exchange reserves fall $5 billion, shows RBI data

The RBI has been persistently selling dollars in order to protect the rupee from depreciating further

Rupee settles near an all-time closing low as trade deficit widens

The surplus liquidity in the banking system fell to Rs 2,696 crore on Thursday ahead of the second tranche of Incremental Cash Reserve Ratio (I-CRR) disbursement on September 23

Govt bond yield harden 7 bps as auction cut-off yield higher than expected

The five-year swap rate rose by nine basis points to settle at 6.78 per cent on Friday, against 6.69 per cent on Thursday

Government bond yield decline to seven-week low, say market dealers

Traders rushed to buy bonds in early trade after reports that the chances of bond inclusion in JP Morgan's emerging market index have become high after Russia's exit

RBI decides to include corporate bond under Held to Maturity category

Move to deepen corp bond market

Banks may increase HTM holdings to reduce treasury book volatility

Although sales from the HTM category are still permitted, internal reclassifications can now only occur under exceptional circumstances

Non-SLR bond inclusion in HTM expected to deepen corporate bond market

Bank treasury heads believe that the inclusion of non-SLR securities in HTM portfolios may spur activity in the corporate bond market

India Inc faces costlier borrowing as corporate-govt yield gap widens

The yield spread between the AAA-rated 5-year corporate bond and the 5-year government bond narrowed by 7 basis points in August

Lenders likely to hike deposit rates up to 25 bps this festival season

Only those with asset-liability management mismatch would consider upward rate revisions

Overnight index swap rates at 10-month high; government bond yields rise

One-year swap rate has jumped 13 bps so far in September, whereas the five-year swap rate has jumped 19 bps

Shema Electric launches new range of high-speed electric scooters

The company priced its e-scooters -- Eagle+ and TUFF+ at Rs 1.17 lakh and Rs 1.4 lakh (ex-showroom), respectively

India's OIS rates hit nine-month high, government bond yields rise

The one-year swap rate hit 7.10 per cent on Monday, the highest level since March 9, while the five-year swap rate rose to 6.85 per cent, a level last seen on November 9, 2022

RBI decides to withdraw incremental CRR by Oct 7 in phased manner

Net impact of incremental CRR was estimated to be little more than Rs 1 trn

Rupee appreciates 26 paisa to settle at Rs 82.95 as RBI sells US dollars

The RBI set the cut-off yield on the five-year, 10-year, and 30-year bond at 7.19 per cent, 7.16 per cent, and 7.34 per cent, respectively

Surplus liquidity continues ahead of RBI's incremental CRR review

The RBI had said it would review the I-CRR decision on or before September 8