BUSINESS
Year-ender: Rupee may have a highly volatile ride in 2023 on global headwinds, say experts
Rupee may trade in a broad range of 79-85 against the US dollar in 2023.
BUSINESS
Rupee will continue a gradual but comfortable depreciation in near future, says DSP MF's Sandeep Yadav
Easing inflation, less hawkish global central banks, tapering growth and order in FX should mean that the monetary policy will probably be positive on bond yields next year
BUSINESS
RBI net sold $922 million foreign currency in October: RBI Bulletin
Net sales of foreign currency in October was $25.78 billion and net purchases was $24.86 billion
BUSINESS
Year-ender: Better fundamentals likely to keep bond yields range-bound next year
The yield on the 10-year benchmark government bond should hover around the 7.25-7.50 percent mark and may ease below this range as most negatives are already factored in
BUSINESS
Global economy to feel the heat of monetary policy tightening: RBI Bulletin
Globally, central banks have been increasing interest rates to fight inflation.
BUSINESS
FPIs may increase debt investments till first half of 2023, says Resurgent India's Jyoti Gadia
The investment bank MD expects core inflation to remain above 6 percent primarily due to supply-side constraints and rising input costs
BUSINESS
Corporate bond issuances jump in November as borrowing costs ease
Indian corporates and banks raised Rs 76,563.34 crore through placement of 140 bonds in November compared to Rs 34,699.38 crore in October.
BUSINESS
IRFC, HPCL, three more to issue Rs 2,700 crore ETF bonds this week
The greenshoe option, or oversubscription, of these ETF bonds will be assigned to Bharat Bond ETF 2033. It will benefit the retail investors of Bharat Bond, who can get access to these 'AAA-rated' issues.
BUSINESS
Core inflation may average 6.2-6.3% in FY23 despite CPI fall in November, say experts
While the headline retail inflation declined to an 11-month low of 5.88 percent in November from 6.77 percent in the previous month, core inflation continued to remain high at over 6 percent
BUSINESS
Rupee may appreciate next week on corporate inflows, easing Dollar index
Forex dealers said that gains may be limited as traders will be keenly watching the policies of major central banks as also the US inflation data.
BUSINESS
Axis Bank raises Rs 12,000 crore from 10-year Basel-III bonds at 7.88% coupon
The bank shall utilize 100% of the proceeds of the Issue for its regular business activities and to meet the demand for financing.
BUSINESS
RBI deputy governor MK Jain pitches for higher investments by banks, financial institutions in technology
Technology is revolutionising the financial services industry, and driving a paradigm shift in the delivery of banking services, said Jain
BUSINESS
RBI extends dispensation of enhanced HTM limit to March 31, 2024
Banks will now be allowed to include securities acquired between September 1, 2020 and March 31, 2024 in the enhanced HTM limit.
BUSINESS
How is e-rupee different from UPI? | Five takeaways from the RBI governor’s press conference
Since the launch of the pilot programe of the retail central bank digital currency, there has been some confusion about where the digital currency and UPI fit.
BUSINESS
Government to announce higher borrowing in next budget to spend on public works, say experts
The need to spend on public works and highlight its development objectives may prompt the government to borrow more in the next budget.
BUSINESS
Digital rupee will co-exist rather than compete with UPI: Experts
An ecosystem needs to be built for the retail adoption of the e-Rupee, like cashbacks on UPI apps, which are a great pull for the user, say experts.
BUSINESS
We expect borrowing numbers to be on the higher side in the Budget, says LIC MF's Marzban Irani
On the policy front, he expects a 35-bps hike, taking the repo rate to 6.25%. Also, beginning December, he sees the pace of rate hikes in the US slowing down.
BUSINESS
Bharti Telecom plans to raise up to Rs 4,500 cr via two bonds on December 2
Bidding for these bonds will take place on December 2 on the National Stock Exchange of India's electronic bidding platform.
BUSINESS
RBI relaxes rules for foreign branches of Indian banks to deal in financial products not permitted in India
The foreign branches/foreign subsidiaries of Indian banks/AIFIs can deal in financial products, including structured financial products, which are not available or are not permitted by the Reserve Bank in the domestic market without its prior approval
BUSINESS
India’s wholesale CBDC: How has it faring one month since launch?
The RBI introduced the pilot wholesale central bank digital currency (CBDC) on October 31, 2022. Insiders say, most traders are only testing this currency at this point in time and not taking positions. For taking positions, they are still going by the normal trading practices on the NDS-OM
BUSINESS
Robust benchmarks in financial markets a must, says RBI deputy governor T Rabi Sankar
Financial benchmarks, used as references for pricing, valuation and settlement of financial instruments, are a key driver of the price integrity of financial markets
BUSINESS
Banks to send invites to select customers for use of retail pilot CBDC: V Vaidyanathan, MD & CEO of IDFC First Bank
Under the first pilot project that starts on December 1, four banks have created a wallet in their mobile banking applications where these CBDCs will be available to select customers.
BUSINESS
Banks rush to raise funds via corporate bonds as credit demand picks up
In the past two weeks, some banks have raised more than Rs 5,000 crore through bonds of various tenures. Going forward, IDFC First Bank, Kotak Mahindra Bank, Bank of India and J&K Bank are expected to mop up funds from the market.
BUSINESS
Fundraising via unlisted bonds fell over 60% on-year in H1FY23 on low investors demand
The amount raised by way of unlisted bonds between April and September this year was Rs 20,413 crore, compared to Rs 53,176 crore over the same period last year.
