BUSINESS
RBI may lower inflation forecast by 10-15 bps for FY25, says Kotak AMC’s Abhishek Bisen
Bisen expects the RBI to maintain status quo in April monetary policy, while recognising the challenges with respect to inflation in the economy.
BUSINESS
Indian rupee may trade in 82-83 range against US dollar in FY25 on foreign inflows: Experts
Any major appreciation of the rupee is likely to be capped by the Reserve Bank of India’s intervention in the market to absorb the flows, they said.
BUSINESS
Banks may gain from provision reversal in Q4 post RBI's rule changes on AIF investments: Experts
On March 27, the RBI issued a clarification on its earlier guidelines on investments by lenders in alternative investment funds that have further investments in borrower companies linked to the lenders.
BUSINESS
RBI may announce more VRR auctions to manage tight liquidity, say experts
The liquidity in the banking system is in deficit of around Rs 45,266.86 crore, as per RBI’s money market operation data as on March 26
BUSINESS
MPC Poll: RBI to leave key interest rates unchanged at April monetary policy, say economists, bankers
The six-member Monetary Policy Committee of the RBI will meet from April 3 to 5 to decide on interest rates.
BUSINESS
RBI infuses Rs 1.16 lakh crore in banking system via three variable rate repo auctions amid tight liquidity
Liquidity deficit in the banking system widened to Rs 1.39 lakh crore as on March 21, from Rs 72,918 crore on March 18, due to outflows on account of Goods and Services Tax payments on March 20, experts said
BUSINESS
Electoral bonds: BJP got biggest share of NBFC donations, ECI data shows
All these donations were made close to or during the 2019 Lok Sabha elections, which were held in seven phases from April 11 to May 19, the data showed
SPORTS
IPL 2024: Manufacturing, banking and entertainment sectors bet big on teams this year
In 2024, Jio is sponsoring eight IPL teams, Dream11 and BKT Growing Together seven each. A majority of sponsors have chosen to remain, while a few new ones have come into the picture
BUSINESS
Higher returns lure primary dealers to 91-, 182-day T-bills
The cut-off yield on 91-day T-bills has increased by 55 basis points (bps) over one year, while that of 182-day and 364-day bills saw a rise of 33 bps and 27 bps, respectively
BUSINESS
RBI may not hurry rate cuts as strong growth provides room to focus on inflation: IDFC First Bank’s Gaura Sengupta
Headline retail inflation in March 2024 could be marginally lower than 5 percent, says Sengupta
BUSINESS
RBI may maintain status quo in April monetary policy due to strong growth, says Tata MF’s Murthy Nagarajan
Ten-year bond yields are expected to trade in the 6.70-6.90 band as FII flows are expected to be in the 5-to-10-year segment, said Nagarajan.
BUSINESS
GST outflows to widen systemic deficit liquidity this week, say experts
Liquidity in the system on March 18 was estimated to be in deficit of around Rs 72,918.47 crore, as per Reserve Bank of India data.
BUSINESS
Banks to deploy more staff to comply with Election Commission diktat on daily reporting of suspicious transactions
The Election Commission has announced that banks will have to send daily reports on suspicious transactions throughout the election season.
BUSINESS
Electoral bonds: NCP, AAP, JDS received funds from Aditya Birla and Bajaj groups
Political parties such as BJP, TMC and the Congress are yet to disclose the names of their donors
BUSINESS
Electoral bonds: Bajaj Finance, Muthoot Finance among 10 NBFCs that donated Rs 127 cr to political parties
On March 14, the Election Commission released data on electoral bonds, complying with the Supreme Court's directions, two days after the State Bank of India shared the data with the poll panel
BUSINESS
CD issuances jump 162% in February to highest in this fiscal on tight liquidity
In February, banking liquidity remained tight hovering at over Rs 1.50 lakh crore, leading to a rise of 5 to 10 basis points in overnight and short-term rates.
BUSINESS
Retail investors shy away from G-sec secondary market on lack of awareness
Total primary market subscriptions stood at Rs 4,040.03 crore as on March 4. Of the total, treasury bill subscritpions remained higher, at Rs 2687.02 crore.
BUSINESS
FPI debt investment thus far in 2024 touches 66% of 2023
The yield on 10-year benchmark 7.18 percent 2033 fell to 7.0136 percent today, from 7.163 percent on September 21, 2023.
BUSINESS
Dollar crunch may ensue if RBI takes delivery of $5 billion FX swap maturing next week: Experts
But the central bank taking delivery of the FX swap may add around Rs 50,000 crore of durable liquidity in the banking system, say treasury heads.
BUSINESS
India bonds in Bloomberg EM bond indices may bring $2-3 billion inflows, say experts
Investment by foreign portfolio investors in Indian government securities through the FAR route rose over 100 percent since start of this fiscal till March 5.
BUSINESS
Short-term rates fall 10-15 bps on easing liquidity conditions
From a deficit of around Rs 2.42 lakh crore on February 26, liquidity in the system reversed to a surplus of Rs 40,901.86 crore on March 4.
BUSINESS
Gold, SDR reserves share in India’s total forex reserves falls marginally so far this fiscal
Between April and December 2023, the central bank was a net buyer of the greenback in five of the nine months, as per RBI’s bulletin data.
BUSINESS
NBFCs likely to issue NCDs to target retail investors, reduce bank loans: Experts
According to BSE data, the NBFCs raising funds through public issue of bonds include InCred Financial Services, Indiabulls Housing Finance, Aditya Birla Finance, and Muthoot Fincorp, among others.
BUSINESS
Yield curve inversion in bond market to stay till tight liquidity conditions ease, say experts
After all of February's Treasury bill auctions, the cut-off yield remained above the 10-year benchmark bond.
