Page 14 - Liquidity
Evergrande crisis: China injects liquidity, adds $18.6 bn to banking system
The benchmark CSI 300 Index fell as much as 1.9 per cent Wednesday
 "Evergrande crisis: China injects liquidity, adds $18.6 bn to banking system")
RBI to conduct open market purchase, sale of G-secs on Thursday
The Reserve Bank on Monday said it will conduct an open market purchase of government securities aggregating to Rs 15,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on September 23. On a review of current liquidity conditions, the central bank also decided to conduct a simultaneous sale of government securities under open market operations (OMO) for an aggregate amount of Rs 15,000 crore on the same day. In a statement, the RBI said it will purchase three government securities of different maturity dates amounting to Rs 15,000 crore. It will also sell three government securities amounting to Rs 15,000 on September 23. The central bank further said it reserves the right to decide on the quantum of purchase and sale of individual securities. The result of the auctions will be announced on the same day.
 "RBI to conduct open market purchase, sale of G-secs on Thursday")
Trust between govt and industry critical, says FM Nirmala Sitharaman
Sitharaman encouraged continuous feedback and inputs from India Inc, and said discussions with industry had enabled the government to take a series of actions as the pandemic situation evolved
 "Trust between govt and industry critical, says FM Nirmala Sitharaman")
Liquidity no longer a major concern, FM Sitharaman assures India Inc
Banks to kick off new credit-outreach programme by October 15
 "Liquidity no longer a major concern, FM Sitharaman assures India Inc")
Govt to release incentive arrears worth Rs 56,027 crore to exporters
Clearing their dues has been a long-standing demand of exporters
 "Govt to release incentive arrears worth Rs 56,027 crore to exporters")
No sign of liquidity overhang, inflation should moderate ahead: RBI Guv
RBI has serious, major concerns about private cryptocurrencies from the point of view of financial stability
 "No sign of liquidity overhang, inflation should moderate ahead: RBI Guv")
Concerns loom as regulator bites the bullet on T+1 settlement cycle
Smooth implementation will require coordinated efforts from rival market infrastructure institutions
 "Concerns loom as regulator bites the bullet on T+1 settlement cycle")
Credit ratio rises to 4x to 2.3 in April-Aug on better corp health: Acuite
Reading also crossed pre-pandemic level of 1.8 in 2019; upgrades more than doubled to 1,380 from 571 and downgrades shrunk by 40.8 per cent from 1,015 in April-August 2020 to 601 in Apr-Aug 2021
 "Credit ratio rises to 4x to 2.3 in April-Aug on better corp health: Acuite")
Sebi tweaks liquidity enhancement scheme for stock exchanges
Going ahead, exchanges will have to obtain prior approval of their governing board before launching any scheme
 "Sebi tweaks liquidity enhancement scheme for stock exchanges")
NBFCs have enough liquidity, buffers to tackle headwinds in H2 FY22: Ind-Ra
In FY22, Ind-Ra expects growth for NBFCs to be maintained in the range of 9%-10%
 "NBFCs have enough liquidity, buffers to tackle headwinds in H2 FY22: Ind-Ra")
India not to be impacted by US Fed's likely liquidity taper: Govt official
India will not be impacted by the US Federal Reserve's move to tighten liquidity expected later this year, as India's macro-economic fundamentals are strong, CEA K V Subramanian said
 "India not to be impacted by US Fed's likely liquidity taper: Govt official")
Recovery not yet at stage for pulling back liquidity: FM Sitharaman
The finance minister exhorted India Inc to bring in fresh capital to help the government in reviving the economy
 "Recovery not yet at stage for pulling back liquidity: FM Sitharaman")
Sebi mulls measures to improve liquidity in exchange-traded funds
Globally, passive funds such as index funds and exchange traded funds (ETFs) have emerged as one of the largest asset classes.
Monetary policy meet: RBI likely to focus on liquidity management
The RBI's 2021-22 growth forecast is likely to remain unchanged at 9.5 per cent year-on-year
 "Monetary policy meet: RBI likely to focus on liquidity management")
Our portfolios are built around firms that sell essentials: Marcellus CIO
Saurabh Mukherjea says that his three-step approach to investing does not focus on short-term factors like what central banks are doing or what will do well in the festive season
 "Our portfolios are built around firms that sell essentials: Marcellus CIO")
At 6.96%, borrowing costs continue to remain high for states
Cash-starved states are continuing to pay higher for their market borrowings, being forced to offer yields close to 7 per cent even as system is awash with liquidity
 "At 6.96%, borrowing costs continue to remain high for states")
Investors can lock in interest rates for long term with G-secs: Analysts
Direct retail investment facility should lead to better secondary market liquidity in gilts
 "Investors can lock in interest rates for long term with G-secs: Analysts")
Liquidity in the banking system rises as govt steps up spending
Net daily liquidity absorbed from banks on July 9 was Rs 4.6 trillion, data released on Monday showed
 "Liquidity in the banking system rises as govt steps up spending")
New pandemic package to raise fiscal deficit by 60 bps, says report
The package can offer an additional liquidity window of Rs 70,000 crore to banks: report
 "New pandemic package to raise fiscal deficit by 60 bps, says report")
Post-Covid recovery will be uneven
If the pandemic were to prolong, or if the monsoon is below normal, rural incomes will be impacted, and demand recovery will be slow.
