BUSINESS
MC Explains | What RBI’s 'Accommodative' stance means for interest rates and the economy
During an accommodative policy period, the central bank is willing to cut interest rates or maintain the status quo, if required, to support the economy. A rate hike is ruled out.
BUSINESS
RBI to intervene in forex market whenever excessive volatility demands, says Governor Malhotra
RBI’s monetary policy report on said the Indian rupee (INR) has faced downside pressure primarily because of US dollar appreciation. Moreover, persistent FPI outflows, increasing global economic uncertainty, and widening trade deficit added to the downward pressure on the rupee.
BUSINESS
RBI won't curtail VRR auctions, some banks still prefer the option, says governor Sanjay Malhotra
Banks borrowed Rs 6,012 crore on April 3 via VRR, Rs 12,419 crore on April 4, Rs 16,505 crore on April 7, Rs 23,515 crore on April 8, and Rs 19,295 crore on April 9
BUSINESS
Sharp fall in OIS rates leads to deeper rate cut speculation
There is speculation among market participants that the RBI will cut repo rate by 25 bps in April policy, and b25 bps in June. But experts said that OIS rates are suggesting more than a 25 bps rate cut in April.
BUSINESS
Indian bond yields stay rangebound on domestic cues even as US tariffs spark global yield slide
Since the tariff imposition, US bond yields have fallen by around 23 basis points (bps), Japan’s by 36 bps, China’s by 15 bps, the Eurozone’s by 29 bps, the UK’s by 24 bps, Canada’s by 4 bps, and France’s by 10 bps. In contrast, Indian bonds remained almost steady at 6.479 percent on April 7, as compared to 6.481 percent on April 2, which was before the US tariff imposition.
BUSINESS
US tariffs unlikely to derail RBI rate cuts amid domestic growth slowdown
A Moneycontrol poll of 21 economists, treasury heads, and fund managers showed that the RBI’s Monetary Policy Committee, during its first meeting in the financial year 2025-26, which began today, is expected to cut the repo rate by 25 basis points on April 9.
BUSINESS
Rupee extends rally, trades below 85 as dollar crumbles
This is the first time December 18 that the rupee has traded below 85
BUSINESS
RBI MPC may cut repo rate next week to support growth even with liquidity crunch easing
Banks, burdened with high deposit cost, have been unable to pass on rate cuts effectively due to tighter liquidity in the banking system, hence necessitating a cut.
BUSINESS
Banks set to report higher treasury income in Q4FY25 on sharp drop in G-sec yields
During the January-March quarter, yields on government securities, particularly the 10-year benchmark bond, eased by around 20 basis points, driven by the Reserve Bank of India's OMO purchases, easing inflation, and a 25 bps policy rate cut.
BUSINESS
Rupee turns positive among Asian peers: Here are five supporting factors
According to Bloomberg data, the rupee has appreciated 0.22% so far in 2025 against the US dollar. The appreciation in March also saw the the rupee touching a three-month high.
BUSINESS
State-owned banks lead in issuing CDs in FY25 to mop up deposits
Among the state-owned banks account for 62 percent of the CDs and Punjab National Bank raised Rs 2.16 lakh crore, the most by a lender, in FY25
BUSINESS
Rupee logs best monthly show in over 6 years on return of FPIs
According to the Bloomberg data, Indian rupee so far this month has appreciated around 2.36 percent, which is highest appreciation since November 30, 2018, when it had appreciated around 5.91 percent in a month.
BUSINESS
MC Poll| RBI likely to cut repo rate by 25 bps in April policy
Most experts are of the view that the central bank may continue with the ‘Neutral’ stance because it can allow the RBI to act on both sides on rate front. A section voted for a change in stance to "Accomodative” for a smooth transition of policy rates.
BUSINESS
MC Analysis | At 6.16%, call money rate is below RBI’s 6.25% repo rate after 4 months
The reversal in trend may be attributed to a sharp improvement in the banking sector liquidity situation.
BUSINESS
Three reasons why Indian bond yield hits 3-year lows and why it points at more rate cuts
The yield on government securities, especially the 10-year benchmark bond, has been witnessing a reduction since the start of this month. Data indicates that it has eased 15 bps so far in March.
BUSINESS
Indian bond yields hit over 3-year low amid rate cut expectation
According to the Bloomberg data, yield on 10-year benchmark bond was lowest since January 19, 2022, when it was at 6.60 percent. Yield on the government securities, especially 10-year benchmark bonds have been seeing a reduction since start of this month. Data showed that it has eased 14 bps so far in March.
BUSINESS
IndusInd Bank’s CD issuances spike over 5x in March
The bank has raised over Rs 16,500 crore of certificate of deposits this month, so far, against a monthly run-rate of Rs 2,000 – 3,000 crore till February
BUSINESS
Need to be mindful that measures are not over-zealous, stifle investment: RBI Governor at FATF event
Governor Malhotra said the central bank continues to make financial systems safe and secure against money laundering and terrorist financing, and India accords a lot of importance to anti-money laundering measures and countering of the financing of terrorism.
BUSINESS
Revised PSL norms to improve bank credit to weaker section, boost financial inclusion
An IIFL report also said that the easing of PSL guidelines should help banks with relatively lower organic PSL generation such as RBL Bank, IndusInd Bank and Federal Bank in Financial year 2023-24.
BUSINESS
BHIM 3.0 app to monitor customer satisfaction, ensure suitable address mechanism to retain users: RBI ED Vivek Deep
Deep also said that while customer acquisition is a challenge, maintaining or sustaining those customers is a far greater challenge.
BUSINESS
India set for a second consecutive rate cut in April amid global central bank caution on easing
In India, economists say macroeconomic conditions are better placed due to lower inflation, which is below the RBI’s medium-term target of 4 percent, and a growth bounceback in the third quarter of this fiscal year, which may lead to a 25 bps rate cut in the April monetary policy.
BUSINESS
Non-bank bond brokers hesitant to opt for NDS-OM platform over cost burden
RBI’s norms say that entities eligible to seek direct access to NDS-OM must have Subsidiary General Ledger (SGL) with the RBI, a Current Account with the Reserve Bank or a Designated Settlement Bank, and membership of securities settlement segment of the Clearing Corporation of India (CCIL).
CURRENCY
Rupee ends near three-month high against dollar after erasing most of its losses for 2025
In 2025, the local currency was down 0.03 percent. The local currency ended at best in over two months and best since January 1, 2025, when it was trading at 85.6488 against the US dollar, according to the Bloomberg data.
BUSINESS
Rupee logs best week in over 2 years; here are three major reasons
The local currency rose to a 10-week high of 85.9375 during the session and gained 1.2% in the week. This has been the best level for the rupee since January 9, when it traded near 85.8638 against the US dollar.
