BUSINESS
Rupee extends gains, below 84/$ for the first time since October 2024
Currency experts said that inflows into equities and debt, and positive talks between India and US on tariffs is helping Indian rupee to gain
BUSINESS
RBI’s liquidity injection via OMO purchases to help ease bond yields
On April 28, RBI has announced OMO purchase auctions of government securities for an aggregate amount of Rs 1.25 lakh crore in four tranches
BUSINESS
Wholesale CBDC yet to click with traders, market participants
The RBI launched the wholesale pilot of CBDC on November 1, 2022, to settle G-Secs trades using the digital rupee
BUSINESS
India to remain fastest growing economy despite ongoing trade war: MPC member Nagesh Kumar
On the inflation and rate action front, Kumar said that easing inflation and further data points, which suggest that CPI inflation will remain within the target range of 4 percent, giving the central bank more room to cut more rates
BUSINESS
Calibrated policy can help turn global volatility into an opportunity: RBI bulletin
The imposition of tariffs by US President Trump earlier this month had jolted the global economy and financial markets, including India, fanning potential slowdown fears, however, the uncertainty has eased after Trump paused the reciprocal tariffs for 90 days.
BUSINESS
Banks say new LCR norms a mixed bag, 2.5% run-off rate on IMB deposits disappointing
According to an analyst, the central bank's norms will improve LCR of banks by of 6 percent, which can boost credit deployment by 1.4-1.6 percent
BUSINESS
Banks fear potential hit on margins amid chance of more RBI rate cuts in FY26
There is a growing consensus among market participants that the RBI will cut more rates in the coming policies, in order to support growth amid a tariff war, with a cooling inflation providing the elbow room for lower rates.
BUSINESS
HDFC Bank may maintain margins at 3.4-3.5% in coming quarters
Bank’s management expect that the loan and deposit growth of the bank is expected to be better than the industry only in FY27.
BUSINESS
ICICI Bank remains cautious on overseas loan book amid global uncertainties
The share of the overseas book of the bank, of the total advances stood at 2.3 percent, which was 2.40 percent in a quarter ago period, and 2.82 percent in a year ago period.
BUSINESS
Tariffs war intensification to disrupt global supply chain, says FM Nirmala Sitharaman
Sitharaman said that the retail participation is also significant and an increase in their participation is a reflection of India's strong economic fundamentals.
BUSINESS
Cooling retail inflation may allow RBI to front-load rate cuts, say economists
Last week, the central bank's monetary policy committee reduced the repo rate by 25 basis points, the second such cut in a row, on benign inflation outlook and moderate growth
BUSINESS
Saving accounts rate cut by banks may see marginal movement of funds to other financial instruments
In April monetary policy, the RBI cut repo rate by 25 basis points for the second time in a row. In response, banks have slashed their deposit as well as lending rates.
BUSINESS
12 banks report drop in deposit growth in Q4 FY25 as mobilisation challenges persist
In the January–March quarter, the RBI slashed the repo rate by 25 basis points in its February monetary policy, prompting banks to offer lower rates on maturing deposits and sacrifice deposit growth.
BUSINESS
Rupee second worst performing Asian currency amid global uncertainty
According to Bloomberg data, the Indian currency was down 0.73 percent on April 11, from April 1, the biggest drop in Asia barring the Indonesian rupiah, which lost 1.40 percent over the same period.
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.
