BUSINESS
Rupee’s resilience is all about RBI
While the rupee’s recovery against the dollar can be attributed to the fall in oil prices, India’s central bank actually gets much of the credit.
BUSINESS
With digital woes behind it, HDFC Bank now needs a friendlier world
Analysts have kept the faith and most still highlight HDFC Bank's comparatively pristine asset quality as a key strong point
MARKETS
From Russia with love—raging inflation
While India's trade with Russia and Ukraine is minuscule, its dependency is sizeable when it comes to sunflower oil, certain fertilisers and materials used in infrastructure projects
MARKETS
Between crude and the US Fed, the rupee has no escape
A wider current account deficit would mean India has to find more dollars to finance it. Foreign investors need to bring in dollars through direct investment or invest in Indian equities and bonds. Further, India’s services exports need to increase. All these are unlikely, economists at Barclays say.
BUSINESS
A hawkish Fed is a bigger threat to the rupee than Russia’s war
Economists reckon that the RBI would choose greater market intervention to support the rupee than tweak interest rates
MARKETS
As US limits Russia’s forex reserves use, central banks may aim for diversification
The limitations imposed by the US on Russian central bank for using its forex reserves may trigger central banks across the globe to rethink on diversifying their forex assets.
MARKETS
Beneath rouble’s rubble, rupee gets a collateral damage
The Russia-Ukraine conflict has triggered a rush to the safety of the dollar and most emerging market currencies have depreciated. Additionally, the rupee faces pressure due to India’s high oil imports.
BUSINESS
COVID-weary economy faces expensive energy bar amid Ukraine crisis
While the third quarter GDP data may show a rebound, it has already been overtaken by the adverse economic effects of the Russian invasion of Ukraine
MARKETS
In crude's Russian roulette, India among top 3 losers in Asian economies
India, Thailand and Philippines would be big losers as the ongoing Russia-Ukraine conflict drives up prices of oil and other commodities.
MARKETS
RBI’s bird in hand is forex swaps but watch out for premium
The sell-buy foreign exchange swaps announced by RBI sit well in the current context of surplus rupee liquidity and the exchange rate needing support amid global volatility.
BUSINESS
Without ECLGS crutch, small borrowers cannot walk straight
A more stable environment for MSMEs depends on their large clients paying on time and demand conditions improving, meanwhile leaving them dependent on subsidised credit
BUSINESS
HDFC stock: What lies behind the underperformance?
HDFC’s shares have dropped 11 percent in the past six months as against the 4.4 percent gain in the broader Nifty 50 index. In fact, consumer goods lender Bajaj Finance's valuation briefly crossed that of HDFC earlier this week
BUSINESS
Beyond size, LIC’s profitability is a mixed picture
LIC’s size gives it an outsized advantage against private sector insurers in sustaining a steady earnings trajectory. That said, it also prevents the insurer to orchestrate changes in business.
IPO
LIC IPO: Why LIC’s embedded value surged in just six months
LIC had a single consolidated Life Fund wherein it held its surplus. The small step of bifurcating this fund into participatory and non-participatory funds has boosted its EV.
BUSINESS
RBI’s love for bonds is a Wordle the market can’t crack
While the dovish policy has dragged yields down, it is would be hard to keep them suppressed, considering that most other factors are hostile currently
ECONOMY
What is behind RBI’s sense of comfort on inflation?
The RBI estimates headline retail inflation to average 4.5 percent in financial year 2023, compared to forecasts of 5 percent or above by private economists. Moneycontrol dissects the likely reasons for the central bank’s sanguinity.
BUSINESS
What will a digital rupee replace?
There’s been enough excitement around a central bank digital currency (CBDC) for India since the finance minister announced in the Union Budget that a digital avatar of the rupee is in the offing in FY23. But before rushing into a digital rupee, it is imperative to answer this question—what will a CBDC replace?
BUSINESS
Payments business remains the most profitable, says Paytm CFO Deora
Payment services to merchants and consumers earned Paytm more than Rs 1,000 crore of revenue in the third quarter of the financial year, says chief financial officer Madhur Deora. “Nobody does Rs 1,000 crore revenue in India fintech today,” Deora said in an interview.
BUSINESS
SBI results offer some signs and a lot of hope for economic growth
Intentions to borrow have increased, as the bank is sitting on a sanction stack of close to Rs 4 lakh crore
BUSINESS
MPC Meet | What did the Budget change for the RBI policy?
As against a consumption-driven budget that put money in the wallets of Indians to spend immediately, the budget was investment-driven.
INFOGRAPHIC
Govt is shooting itself in the foot with borrowing binge
The government will have to use nearly half of its net tax revenues towards interest payment of its past borrowings, an unproductive expenditure
MARKETS
As Budget 2022 sledgehammers with high borrowing, bond market fumes
For the bond market, Budget 2022 has been a double whammy—high market borrowing and the absence of indication of inclusion in global bond indices
MARKETS
Budget 2022: Bond market gets a steep bill from government
Budget 2022: The gross market borrowing for FY23 is a record Rs 14.95 lakh crore, which will pose a big challenge for the bond market.
BUSINESS
Economic Survey 2022: Is the FY23 GDP growth forecast rosy or realistic?
If the government is keen on helping GDP grow by 8 percent and above, it would have to keep up its fiscal support through both revenue and capital spending. That could make fiscal consolidation difficult.
