BUSINESS
Indian rupee outperforms Asian peers at close on RBI's likely intervention
The local currency gained almost 1 percent and closed at 86.8300 against the US dollar on February 11, as compared to 87.48 against the greenback close on the previous trading session.
BUSINESS
RBI intervention in forex rises as Indian Rupee turns volatile
Data suggests that the forex reserves of the RBI has declined sharply by over $75 billion since September 27. This was the period when the Indian rupee depreciated from 83.70 against the US Dollar on September 27, to 87.96 against the greenback on February 10.
BUSINESS
Rupee gains the most in 2 weeks against dollar on likely intervention by RBI
The central bank’s stated objective is to maintain orderliness and stability, without compromising market efficiency, RBI governor Sanjay Malhotra has said during February policy review
BUSINESS
Rupee rises most in over two years to reclaim 87 per dollar on likely RBI intervention
The local currency, on February 10, touched a new record low at 87.9563 against the US dollar due to the new tariff plan rollout by Trump.
BUSINESS
MC Explainer| All you need to know about standing deposit facility
SDF is a tool to absorb liquidity from commercial banks without giving government securities in return. It replaced the reverse repo as a floor for the LAF corridor in 2022.
BUSINESS
'Market forces' push Rupee to record low near 88 per dollar, RBI Governor 'not targetting' any level
The presence of the RBI in the foreign exchange market has made Indian rupee least volatile among Asian peers. According to the Bloomberg data, Indian rupee depreciated 3.2 percent since December 11.
BUSINESS
RBI to inject as much liquidity as required by banks
Banking system liquidity has been under stress in the last few weeks due to various reasons such as tax outflows, heavy intervention by RBI in forex market to sell dollars, and less government spending.
BUSINESS
RBI's repo rate cut welcomed by bank leaders, expected to ensure liquidity while monitoring inflation
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery
BUSINESS
RBI MPC comes to a unanimous decision on rates after 11 months
The rate cut, the first in almost five years, comes a week after Finance Minister Nirmala Sitharaman presented the budget for FY26.
BUSINESS
Draft LCR, project financing norms not to be implemented before March 2026
On January 29, Moneycontrol reported that India’s banks, both state-owned and private, have requested the Reserve Bank of India (RBI) to defer the implementation of liquidity coverage ratio (LCR) norms to the later part of the next financial year, 2025-26.
BUSINESS
RBI MPC: Bond yield rises 5 bps in absence of liquidity measures
The RBI in January announced a string of measures announced to support banking system liquidity, which has been under stress on tax outflows and the central bank's intervention in the forex market
BUSINESS
We will strive to maintain NIM at 3%, says CS Setty, SBI Chairman
According to its investor presentation, SBI's NIM reduced to 3.01 percent in October-December quarter, from 3.14 percent in a quarter ago period and 3.22 percent in a year ago period.
BUSINESS
RBI Feb MPC meet: GDP numbers to be key to watch
India’s growth is set to dip to 6.4 percent in FY25, its lowest level in four years, pulled down by a likely decline in manufacturing and investment growth, according to preliminary data released on January 7.
BUSINESS
Liquidity deficit narrows to a month's low on RBI measures, govt's month-end spending
Liquidity deficit in the banking system was at Rs 45,005.65 crore on February, the lowest since January 5 when it stood at Rs 28,957.58 crore
BUSINESS
UIDAI to launch Aadhar authentication portal next week
Last week, union government has amended the Aadhaar rules to allow private entities to use Aadhaar authentication for delivering their services.
BUSINESS
2025 will not be a good year for rupee, should brace for underperformance, says RBL Bank’s Anshul Chandak
On the rate action front, Chandak said that the central bank's next monetary policy is likely to announce a 25-basis-point cut in the repo rate
BUSINESS
NPCI CEO Dilip Asbe bats for incentives to broaden UPI base
In December 2024, the value of transactions through UPI stands at Rs 23.24 lakh crore as compared to December 2016, when it was Rs 707.93 crore and December 2020, when it was Rs 4.16 lakh crore.
BUSINESS
TDS reduction on income from security receipts will free up additional liquidity for investors, ARCs
Currently, TDS on income derived from securitization trsut constituted under SARFAESI, is 25 percent, if the investor is individual or a Hindu Undivided Family, and 30 percent for any other person. This government has reduced to 10 percent in the Union Budget 2025.
BUSINESS
RBI likely to cut rates by 75 bps, starting with 25 bps in February monetary policy: SBI Research
On February 3, a Moneycontrol poll of bankers and economists also showed that the central bank will cut rate by 25 bps in February monetary policy as sluggish growth, government advance estimates, and a series of liquidity infusion measures have made the case for a rate cut.
BUSINESS
FPI invest over around Rs 11,000 cr in Indian G-sec post inclusion in Bloomberg bond index
Bloomberg Index Services (BISL) added Indian bonds in Bloomberg Emerging Market (EM) Local Currency Index on January 31.
BUSINESS
MC Poll: RBI MPC likely to cut repo rate on Feb 7, say economists
Poll respondents say upcoming RBI Monetary Policy could result in 25 bps reduction in benchmark repo rate.
BUSINESS
Govt expects 10% increase in dividend from RBI thanks to mega dollar sale
Hope for the higher dividend has emerged after the RBI has sold dollars heavily in market worth USD 195.568 billion between April and November 2024.
BUSINESS
Partial Credit Enhancement Facility for corporate bonds may help AA and below rated issuers
Finance Minister Nirmala Sitharaman on February 1 while presenting Union Budget 2025, announced that NaBFID will set up a ‘Partial Credit Enhancement Facility’ for corporate bonds for infrastructure.
BUSINESS
Higher gross market borrowing may lead to increase G-sec yield
In union Budget 2025, gross market borrowing numbers announced by the government was around 6 percent higher for next financial year, as compared to current fiscal year.
