Page 100 - Reserve Bank Of India

Ahead of index inclusion, top Indian fund managers look to boost inflow

The cohort are betting on inclusion in global bond indexes to drive returns after the central bank doused speculation of an interest-rate cut

Equity markets to have normal trading session on Sat, holiday on Mon

Stock exchanges NSE and BSE on Friday said there will be normal trading sessions on January 20 and a trading holiday on January 22. Earlier, the bourses were scheduled to hold special trading sessions in the equity and equity derivative segment on January 20 (Saturday) to check their preparedness to handle major disruption or failure at the primary site. In separate circulars, NSE and BSE said there will be a normal trading session on Saturday. "Members are requested to note that the exchange shall be conducting regular trading sessions on Saturday, January 20, 2024, from the primary site in equity and equity derivatives segments as per regular market timings. Price bands applicable for normal trading day shall continue to be remain applicable on January 20, 2024," NSE said in its circular. Besides, it will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. The Maharashtra ...

Ram Temple inauguration: Trading on NSE to remain closed on Jan 22

Trading on the National Stock Exchange will remain closed on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya, an official said on Friday. The Maharashtra government has declared January 22 as a public holiday. In a circular, the NSE said the currency derivative segment will remain closed on January 22. Earlier in the day, the Reserve Bank of India (RBI) announced that money markets will remain closed on January 22.

Facility to exchange, deposit Rs 2K notes to remain closed on Jan 22: RBI

The facility to exchange and deposit Rs 2,000 notes will not be available at the Reserve Bank offices on January 22, the day of the consecration of the Ram temple in Ayodhya. The Department of Personnel and Training issued an order for a half-day closure for central government establishment on Monday. Public sector banks, insurance companies, financial institutions and regional rural banks (RRBs) across the country will remain closed for half day on January 22. "The facility of exchange / deposit of Rs 2000 banknotes will not be available on Monday, January 22, 2024 at any of the 19 Issue Offices of the Reserve Bank of India due to the half-day closure announced by the Government of India," the central bank said in a statement. The facility will resume on Tuesday, January 23, 2024, it added. On May 19 last year, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation. The total value of Rs 2,000 bank notes in circulation, which amounted to Rs 3.56 la

RBI announces changes to market timing for January 22. Details here

The Reserve Bank of India (RBI)'s announcement came a day after the Centre announced that all central government offices will be closed for half a day

Flows into NRI deposits double to $7.3 bn in April-November 2023

Non-Resident External (NRE) deposits stood at $96.79 billion in November 2023, sequentially up from $96.56 billion in October and $95.31 billion in November 2022

Reserve Bank of India net sells $1.9 billion in November, shows data

The rupee depreciated by 0.17 per cent in November. The RBI's net outstanding forward sales by the end of November stood at $11.9 billion, against $14.6 billion in October

India must sustain growth momentum, secure at least 7% growth in FY25: RBI

"In India, potential output is picking up with actual output running above it, although the gap is moderate," the RBI said in an article titled 'State of the Economy'

Bond market expects RBI to change policy stance in February review

Continuous VRR indicates accommodative approach on liquidity

State govts may fix 'guarantees' at 5% of revenue, says RBI group

The RBI working group also recommended that besides charging a guarantee fee, states may levy an additional risk premium based on the risk category and the tenor of the underlying loan

RBI proposes tighter norms for deposit-taking housing finance firms

The central bank has also proposed the ceiling on public deposits held by HFCs be reduced to 1.5 times of net-owned funds from 3 times

Fitch assigns 'BB(EXP)' rating to Shriram Finance's proposed US bonds issue

Global rating agency Fitch on Monday assigned the 'BB(EXP)' rating to Shriram Finance Limited's proposed US dollar-denominated senior secured bonds. 'BB(EXP)' rating reflects that an issuer has some risk of default but is still a safer investment compared to others. The final rating is subject to the receipt of final documentation conforming to information already received, Fitch Ratings said in a statement. Shriram Finance will issue the proposed bonds in the international market under the Reserve Bank of India's external commercial borrowing framework. The company will issue proposed bonds under the USD 3.5 billion global medium-term-note programme, which was updated on December 29, 2023. The proposed bonds will carry a fixed-rate coupon payable semi-annually and secured by a fixed charge over specified accounts receivable in line with the company's domestic secured bonds.

Macro-fundamentals strengthened after facing external shocks: MPC's Ashima

India's macro-fundamentals strengthened even though it faced severe external shocks since 2020, Reserve Bank Monetary Policy Committee (MPC) member Ashima Goyal said on Monday. The country's economic diversity, adequate buffers, and feasible reforms have enabled policies to be countercyclical, she told PTI in an interview. With more and more firms and consumers internalising the inflation target, the economy is likely to approach the Reserve Bank of India's (RBI's) inflation target of 4 per cent this year. "There have been severe external shocks (Russia-Ukraine war, Israel-Hamas war, oil prices, Houthi attacks) since 2020. But despite these, Indian macro-fundamentals have strengthened in this period," she said. The economist said the rupee has been relatively stable due to these factors. "Economic diversity, adequate buffers, and feasible reforms... have enabled policies to be countercyclical. We have the capability to implement countercyclical policy and smooth external shocks,"

Nine states record higher inflation than India average, shows data

While the average Indian consumer's cost of living rose by 5.69 per cent compared to the previous year, it rose 8.73 per cent in Odisha, 7.07 per cent in Gujarat and 6.95 per cent in Rajasthan

P2P lending: Barking up the wrong tree?

Around 15 P2P platforms went live, but one-third of them have shut up shop. Analysts say four of them have more than 90 per cent of the market share

Binance loses India traders to local companies it recently dominated

WazirX and Mudrex estimated that roughly 70% of their fresh inflows came from Binance, while CoinDCX put the figure at around 40%

Rupee gains 11 paise against the US dollar amid strong FPI inflows

The local currency strengthened for the eighth consecutive trading session on Friday; it touched an intraday high of 82.86 per dollar before settling at 82.92, compared to 83.03 on Thursday

State Bank of India floats scheme to raise funds for green projects

SBI will look at tapping family offices, entities that manage money for high net worth individuals, for garnering green money

Delays in IBC erode value of assets, says RBI governor Shaktikanta Das

Das says cybersecurity threat remains a major challenge

Expect mid-teen equity returns, no rate cut in 2024, says ABSL AMC

Economic growth, the AMC said, is expected to be led by investments