Suffers steepest one-day fall since Ukraine war; poll shows rupee at 81 by Dec
Amitabh Chaudhry says the private lender spends Rs 900 crore every buying priority sector lending certificates to meet its targets
The rupee hit a new low of 80.47 versus the US dollar in the first few minutes of trade on Thursday.
Days of easy money over as credit growth rises
Putin's call for partial mobilisation hits risk appetite in currency market
RBI asked for mkt views on BoP, impact of 75-bps rate hike by US Fed
'Unbridled mushrooming of digital lending apps is a material concern'
Former RBI Deputy Governor R Gandhi appointed as Yes Bank's non-executive chairman
Economic Survey had pegged FY23 GDP growth higher at 8-8.5%
Analysts expect rupee to trade in the range of 78-80 per dollar, for now
The RBI's average daily absorption of excess liquidity was at Rs 3.8 trillion during June-July against Rs 5.5 trillion in May and Rs 7.4 trillion a month ago
Many expect the RBI to lower the GDP growth estimate to 7%
RBI's forward purchases fell $9 bln in July as interventions spread across spot, forwards
The measures have brought in $1.5-2 billion so far; response to relaxed FX norms tepid as US rates higher, RBI not acting as counterparty
The finance minister said Indian banks have to plan for the Amrit Kaal. And for that, they have to become digitally savvy, especially the public sector ones
The rupee weakened versus the dollar as the market braced for a possible 100-basis-point rate hike by the Federal Reserve next week following a higher-than-expected inflation print in the US
Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors
The rise in bond prices came despite an increase in India's consumer price index inflation, which strengthens the case for the Reserve Bank of India to continue tightening monetary policy
Recent rally in bonds despite US bond selloff signals optimism on global index inclusion
Apart from long-term bonds, the market participants also requested the central bank to reduce issuance of floating-rate bonds and cap sizes of weekly primary auctions to Rs 30,000 crore