Market participants said that sentiment in the domestic debt market improved due to the US Federal Reserve's policy rate cuts, and growing expectations of a trade deal between the two countries
Forex clearing transactions rose from 16.6 lakh transactions worth Rs 466 trillion in 2020 to 26.3 lakh transactions amounting to Rs 885 trillion in 2024
Bond market participants said that the borrowing amount for both state government securities and T-bills was tad lower than the expected
While the RBI's overall policy intent is clearly growth supportive, the shift to neutral stance has been a communication challenge, Radhakrishnan said
The Reserve Bank of India (RBI) maintained the existing caps of 6 per cent for government securities, 2 per cent for state government securities and 15 per cent for corporate bonds
Currently, membership open to entities such as banks, primary dealers, insurers, MFs
Bond market participants said that in bond forwards, there will be actual delivery of bonds
The government's prudent fiscal management may soften government securities yields and leave more funds for corporates to invest in the economy, DEA Secretary Ajay Seth has said. In absolute terms, he said, "we will be borrowing (for FY26) less than what we intend to borrow in the current year. Even the gross borrowings are also marginally more than what it was, signalling that the government will leave enough into the market for the private sector to pick up". The government has reduced its borrowings estimate for next financial year to Rs 11.54 lakh crore on net basis as it expects an improvement in tax collection. However, gross market borrowings have now been revised upward to Rs 14.82 lakh crore from Rs 14.01 lakh crore estimated for the current financial year. The government has to borrow by issuing dated securities to meet its fiscal deficit target. "So, I see that the fiscal consolidation this year and fiscal consolidation road map next year should rather soften the ...
NAV represents the market value of an investor's mutual fund holdings and is a key metric for understanding the worth of their investments
In 2023-24, states contained their GFD at 2.9 per cent of GDP, within the Fiscal Responsibility Legislation (FRL) limit of 3 per cent
Take limited exposure to longer-duration debt funds; match horizon with fund's portfolio duration
Stock brokers may be allowed in the RBI-operated NDS-OM system for government securities
Along with OMO sales, the RBI has also been conducting VRRR auctions in order to drain excess liquidity
Dimple Bhandia highlighted that the credit derivatives market has been another area that has struggled to take off
The 10-year benchmark bond yield inched up to 7.02 per cent during the day as traders sold their securities at a profit
The yield on the benchmark 10-year government bond fell by 20 basis points in May so far
The securities scheduled for buyback were 6.18 per cent 2024, 9.15 per cent Government Securities (GS) 2024, and 6.89 per cent GS 2025
This change in behaviour can be attributed to some fund houses capitalising on profit opportunities by selling bonds, while others are actively trimming the duration of their portfolios
RBI announced its plan to repurchase securities worth Rs 40,000 cr
RBI had announced its plan to repurchase securities worth Rs 40,000 crore