INDIA
Pressure in NDF market pushes rupee to all-time low of Rs 84.88
The Indian rupee has been under pressure since last few months due to growth worries and foreign investors selling in the Indian equities
BUSINESS
Better clarity on inflation by February may pave way for new governor to cut rates, say economists
In the December monetary policy, the RBI has kept repo rate and stance unchanged, but given some comfort on the liquidity with the cut in cash reserve ratio (CRR).
BUSINESS
Rate setting not for tackling inflation, room for rate cut opens once RBI confident of below 4% inflation for 12 months: Axis Bank's Neelkanth Mishra
Mishra is confident that the new RBI Governor Sanjay Malhotra is capable to maintain the benchmark set by the previous governor and expects him to tackle crisis in a similar way the earlier governor did if any emerges.
BUSINESS
Overseas bond issuance bounces back after 2 years on rising demand from foreign investors
In 2022 and 2023, most Indian issuers were constrained from tapping the overseas market due to rising interest rates, as central banks tried to contain inflation
BUSINESS
Change of guard at RBI corner office roils rupee, but boosts bond yields
On December 9, the Appointments Committee of the Cabinet cleared the appointment of Sanjay Malhotra as next RBI Governor for a period of three years.
BUSINESS
MC Explains| All you need to know about secured overnight rupee rate
Market experts believe the new benchmark proposed by the Reserve Bank of India after its monetary policy committee meeting in December monetary policy committee would better serve the interest rate derivatives market.
BUSINESS
CRR cut: Durable liquidity to shield FII uncertainties, say experts
Some experts believe that the durable liquidity will also enable banks to enhance lending to various sectors and improve net interest income.
BUSINESS
RBI's revised inflation, GDP forecasts lower scope of rate cut in Feb MPC meet: Experts
Today, the central bank kept the key policy rates unchanged at 6.5 percent as inflation stayed above the central bank’s comfort zone and a slowdown in economic growth forced it to revise its forecast downward.
BUSINESS
Indian bond yield down 12 bps in one week, hints at rate, CRR cut by RBI today
According to the Bloomberg data, the 10-year benchmark bond 7.10 percent 2034 were at 6.727 percent on December 5, as compared to 6.849 percent on November 28.
BUSINESS
RBI Governor Shaktikanta Das’ last MPC meet before his term ends may leave the repo as is, cut CRR
Das has his work cut out in trying to balance growth and inflation in what may be his last MPC before his term runs out on December 12
BUSINESS
MC Explains| All you need to know how the NDF market works
NDFs have recently become the go-to market intervention in the RBI's campaign to keep the rupee's volatility at the desired level, currency experts said.
BUSINESS
Rupee may slump to 85 as US dollar firms up, Indian economy slows down
Experts don't rule out the possibility of Indian Rupee touching 85 against USD. On December 4, Indian rupee ended record low on growth worries. Indian rupee ended 84.74 against the U.S. dollar, its lifetime closing low, down from 84.6850 in the previous session.
BUSINESS
PNB Housing Finance to start Loan Against Property from April 2025, says MD & CEO Girish Kousgi
Further, corporate loan side, Kousgi said that it will grow to Rs 7,000 crore to Rs 8,000 crore by financial year 2026-27.
BUSINESS
Weak growth numbers make strong case for RBI to cut CRR in Dec MPC meet
India’s GDP growth slumped to its lowest in seven quarters at 5.4 percent in the September quarter, data released on November 30 shows
BUSINESS
MC Exclusive | Bajaj Finance to halt co-branded credit cards business
According to sources, Bajaj Finance is keen to launch its own credit card business if regulatory approvals come through rather than pursing co-branded cards with banks.
BUSINESS
Indian rupee closes at record low over Donald Trump's 100% tariff comments, sluggish GDP growth
According to the Bloomberg data, Indian rupee ended at a record low of 84.7 against the US dollar, down 0.21 percent from its previous close of 84.5 against the greenback.
BUSINESS
Sluggish GDP growth may force RBI to revisit its rate stance, say experts
The September quarter growth at 5.4 percent was sharply lower than the RBI's October policy projection. Experts also expect the central bank to revise its growth projections lower on December 6
BUSINESS
MPC poll: RBI unlikely to cut rates on December 6, may revise inflation projection upwards
Experts expect the central bank to also lower its growth projections in the upcoming MPC meeting after lower-than-expected GDP numbers for the September quarter
BUSINESS
Shriram Finance plans to raise $250 million via ECB in Q4, says CEO YS Chakravarti
On September 25, the company has raised $500 million through senior secured notes maturing in 2028 at a interest rate of 6.5 percent
BUSINESS
Weighted average call money rate trades over repo rate as banking liquidity turns tight
To support liquidity, the central bank has so far conducted four variable rate repo (VRR) auctions of various tenures worth Rs 25,000 crore each, injecting Rs 1 lakh crore into the banking system.
BUSINESS
Foreign portfolio investors' holdings in 10-year FAR bonds rise in November
FPI holdings in Indian government securities under the FAR route in absolute terms witnessed the second-biggest reduction so far this month in the calendar year, after the heavy drop in April.
BUSINESS
Working in a bank and NBFC is no different, thanks to regulatory scrutiny: Sudipta Roy, MD & CEO, L&T Finance
In an interview, Roy said that the RBI's actions are not aimed exclusively at NBFCs but were instead meant for the financial services industry at large. He added that the central bank has been picking up themes that apply to banks, NBFCs as well as fintechs.
BUSINESS
Maharashtra to face fiscal pressure due to poll promises made by triumphant BJP-led Mahayuti alliance
This is the best-ever performance by a party/alliance in Maharashtra since 1990. The BJP has bettered its previous high of 122 seats won in 2014 assembly elections.
BUSINESS
Belstar MFI IPO may be deferred by a year due to stress in the sector, says Muthoot Finance MD George Alexander Muthoot
Muthoot during an interview said the lender does not find deficiencies in their gold loan portfolio after the review.
