Page 63 - Anjali Kumari

Rupee closes at record low vs dollar amid China slowdown concerns

The domestic currency ended the day at 83.21 a dollar compared to 83.14 on Wednesday

Bond yields decline as RBI seeks views on settlement via Euroclear platform

The potential settlement of domestic currency bonds through an offshore platform such as Euroclear has been a long-standing topic of discussion

Banks have no option but to partner with fintech, says K V Kamath

'India will be a $25 trillion economy in 25 years, digital India will drive 20-25% of this growth'

Rupee settles near all time low of Rs. 83.14 as dollar index rises

The dollar index rose to 104.86, weighing on the Indian unit. The dollar index measures the strength of the greenback against a basket of six major currencies

ITR filings increased threefold in each tax bracket: FM Sitharaman

Taxable workforce will be 85.3% by 2047 against 22.5% now

Rupee falls to 3-week low against dollar amid weakness in Asian currencies

Moreover, oil companies bought dollars as the Brent crude oil prices rose to $88.70 per barrel, which further weighed on the Indian currency

UPI transactions may soon touch 100 billion a month, says NPCI CEO

In August, UPI touched a new milestone of 10 billion transactions a month

CBDC can fix cross-border payment problems: RBI Governor Shaktikanta Das

RBI governor flags issues of high cost, low speed, limited access

Bond market optimistic on inclusion in international bond indices

The yield on the benchmark 10-year bond remained flat in August and moved in a narrow range throughout the month

Banks seek higher supply of longer-tenure bonds in the second half

A trader at another PD said that the introduction of 20-year bonds seems unlikely

Rupee settles off-highs as oil companies buy dollars in domestic market

However, the rupee gave up early gains as oil companies bought dollars in the domestic market after Brent crude oil rose to $87 per barrel in international markets

RBI governor rated A+ in global finance central banker report cards 2023

The Central Banker Report Cards, an annual publication by Global Finance since 1994, assess and grade the performance of central bank governors

Strong demand at govt bond auction fails to lift secondary market

The Reserve Bank of India set the cut-off yield on the 3-year, 7-year, 14-year, and 30-year bond at 7.16 per cent, 7.17 per cent, 7.23 per cent, and 7.33 per cent, respectively

Rupee depreciates by 0.6% in August on the back of weakening Chinese yuan

The rupee settled at Rs. 82.79 per US dollar on Thursday

CD issuances rise in August; market expects incremental CRR extension

Market participants expect that banks might keep raising funds through CDs on the speculation that the Reserve Bank of India (RBI) might extend the Incremental Credit Reserve Ratio (I-CRR)

FPI net inflows into debt market hit highest amount in past 6 year

Inflows doubled in August from July on bond indices inclusion hope

Sales growth of listed private non-financial cos moderates to 2.1% in Q1

The combined sales figures of 1,712 listed private manufacturing companies exhibited a relatively stable trend compared to the same period in the previous financial year

T-bills yield fall on liquidity rise, banks park over Rs 40k cr with RBI

The Reserve Bank of India (RBI) set the cut-off yield on the 91-day, 182-day, and 364-day Treasury bills at 6.82 per cent, 7.02 per cent, and 7.03 per cent, respectively

OIS rates at near term peak; uncertainty around rate view continues

While the one-year overnight indexed swap rate has been technically reflecting a 25-basis-point hike by the Monetary Policy Committee, market participants believe that it may fade soon

Banks park Rs 17,203 crore with RBI; liquidity pressure seen easing further

Banking system liquidity went in surplus mode on Thursday after being in deficit for three days