BUSINESS
Forward premium rates trend lower in April as interest rate differential narrows
The premium on the one-year dollar/rupee contract was 189.24 paise or 2.1527 percent on annual basis on April 19, against 211.64 paise or 2.2688 percent on annual basis, as per Bloomberg data
BUSINESS
States’ borrowings via SDL stay low in April as Centre opens interest-free loan spigot
In the last three auctions of SDL in April, states raised just Rs 16,300 crore against an estimate of Rs 39,300 crore, RBI data shows
BUSINESS
MC Exclusive: RBI, NPCI in early talks with Sri Lanka, Thailand and others for UPI enhancement
Linking UPI with other countries’ payments mechanisms will help users make payments faster and lower the cost of fund transfers
BUSINESS
Will the rupee not rise above 81 against the dollar? Here's what the experts say
The possible range for the Indian rupee could be 81.10 to 81.30, with 83.20 on the lower side and 80.90 on the higher side, forex dealers said.
BUSINESS
MC Explains| What are municipal bonds, how does the process work and other questions answered
Prayagraj Municipal Corporation, Kanpur Municipal Corporation, Varanasi Nagar Nigam, Agra Nagar Nigam and Greater Chennai Corporation are among the civic bodies planning bond sales
BUSINESS
Exclusive | Varanasi, Agra, Chennai municipal bodies plan bond sale: Sources
Greater Chennai Corporation plans to raise at least Rs 200 crore through a municipal bond sale by May-end
BUSINESS
RBI may maintain status quo on rates in June as CPI inflation falls below 6%, say economists
India’s headline CPI inflation fell to 5.66 percent last month from 6.44 percent in February. The latest CPI inflation print is the lowest in 15 months.
BUSINESS
Domestic corporate bond issuances rise to all-time high in FY23 as overseas borrowing gets costlier
According to the data compiled by Prime Database, companies and banks raised Rs 8.25 lakh crore in FY23, compared to Rs 6.34 lakh crore in FY22.
BUSINESS
RBI’s pause on rate hike to reduce pressure on NIMs of NBFCs, says industry experts
NBFC have been under pressure in the last few months and its strain was felt on the net interest margins due to rising borrowing cost after the RBI’s move to hike the repo rate to fight against inflation.
BUSINESS
Expected normal monsoon may help RBI in inflation battle, say experts
The country can expect regular rainfall during the southwest monsoon season as a positive Indian Ocean Dipole (IOD) and lower snow cover over the northern hemisphere are likely to counter the developing El Nino conditions, IMD said.
BUSINESS
Benchmark bond yields may trade in 7-7.25% range till next policy: Dealers
The trading range for bond yields has been revised by traders after the RBI unexpectedly paused the rate hike, which helped yields to ease.
BUSINESS
RBI, NPCI in talks with several countries to enhance footprints of UPI, says RBI Governor Shaktikanta Das
He further added that this will enhance the footprints of the Unified Payments Interface (UPI).
BUSINESS
Web portal for unclaim deposits to be ready in 3-4 months, says RBI DG M Rajeshwar Rao
RBI Governor Shaktikanta Das announced a centralised web portal for the public to search unclaimed deposits.
BUSINESS
Bond yield eases sharply after RBI keeps repo rate unchanged
Yield on benchmark bond went as low as 7.1469 percent during announcement of monetary policy review.
BUSINESS
RBI to help to develop onshore NDF market
A non-deliverable forward contract allows two parties to lock in exchange rate for a period of time.
BUSINESS
Exclusive | UP’s two municipal corporations plan bond issue: Sources
Kanpur Municipal Corporation seeks to raise at least Rs 100 crore through municipal bonds of 10-year maturity. Though Prayagraj Municipal Corporation officials confirmed the bond issue, they did not disclose the size of the issue planned.
BUSINESS
Indian debt instrument yields begin to ease since banking crisis breaks out in US
The yield on Commercial Paper issued by non-banking financial companies (NBFCs) eased 20-40 basis points, and that on debt issued by manufacturers by 30-35 bps.
BUSINESS
Banks may race past HFCs in home loan market aided by lower cost of funds, say experts
As per Emkay Global Research, banks’ share of the individual home loan market has been around 64-68 percent, and that of HFCs has been 32-35 percent between 2010 and 2022.
BUSINESS
MC Explains | All there is to know about liquidity facility for standalone primary dealers
According to the RBI, funds availed through this window have to be repaid by April 5.
BUSINESS
MC Explains | Why RBI did not accept any bids on 91-day T-bills in a recent auction
Investors sought higher cut-off yields. The last time the RBI rejected bids on the 91-day treasury bills was on February 24, 2016.
BUSINESS
After seven years, RBI rejects all bids on 91-day T-bills as investors seek higher cut-off yield
The last time the RBI rejected bids on the 91-day treasury bills was on February 24, 2016, as per the central bank's database.
BUSINESS
RBI may deliver 25 bps rate hike in April policy, may pause in further policies, say economists
The central bank has increased its policy rate by 250 bps since May last year to tame inflation.
BUSINESS
MTM losses on banks' AFS bond portfolio to remain lower in Q4 as yields stabilise, say experts
However, some non-SLR portfolios may see a rise in MTM losses as spread on these instruments has widened by 5-7 bps, they said.
BUSINESS
Change in debt fund taxation rules may force NBFCs to rely more on bank funding
NBFCs raised Rs 1.75 lakh crore and housing financiers Rs 1.34 lakh crore through corporate bond sales so far this financial year.
