BUSINESS
Exclusive | RBI provides platform for G-Sec trading via digital rupee
The central bank’s digital currency is legal tender issued in digital form. It is the same as fiat currency and is exchangeable one-to-one with government-issued money
BUSINESS
Rs 1 lakh lot securities will add to Bond St buzz but may not move yields much: Experts
Lower face value will increase the number of investors and improve liquidity in the secondary market, say experts
BUSINESS
Three-month CP, CD yields near 10-year G-Sec levels amid rate hike, tight liquidity conditions
CPs are unsecured, short-term debt instruments issued by corporates to finance short-term liabilities. CDs are issued by banks to meet their short-term funding requirements
BUSINESS
Longer-tenure yields may rise marginally as recession fear looms: Money market dealers
Long-term rates remained stable with a dovish bias as growth is a constant worry. However, short-term debt instruments’ yields have risen sharply during this period.
BUSINESS
In search of deposits, bankers embark on door-to-door campaign
Video of Canara Bank employees selling FD scheme on road is from Goregaon East, Mumbai, confirm branch employees.
EARNINGS
Axis Bank Q2 result | Here are 5 key points analysts highlight
The profit growth came higher than a 45 percent increase in net profit for the fiscal second quarter that analysts estimated.
BUSINESS
Central Bank wrote off Rs 9,514 crore, including large corporate NPA accounts, in Q2
An official said the bank’s growth was good and it had the cushion to write off these advances.
BUSINESS
Rupee hits new record low against dollar, may slide further
A weakening Chinese yuan, rising US dollar index and Treasury yields as well as increasing Brent crude prices mount pressure on the rupee.
BUSINESS
Higher revenue receipts help Odisha avoid market borrowing
Aside from non-tax revenue from mining auctions, Odisha's tax revenue grew 20 percent during the first six months of the current financial year thanks to a spurt in economic activity after the easing of Covid restrictions
BUSINESS
Divided MPC gives succour to Bond St, yields seen in a narrow 7.20%-7.60% range
Monetary Policy Committee members divided over rate hikes have reduced fears of a huge rate hike by RBI, dealers say. Expect the spread between the repo rate and benchmark bond to narrow to 100-120 bps from 160 bps now.
BUSINESS
A year after launch, RBI’s Retail Direct platform remains a slow starter
Lack of awareness among investors is a major factor cited for the slow takeoff
BUSINESS
Treasury bill cut-off yields rise sharply on tight liquidity conditions
Liquidity has tightened after a sharp uptick in credit growth, RBI intervention in the foreign exchange market, and a boost in consumption ahead of the festive season, dealers said.
BUSINESS
September CPI at 7.41% | MPC likely to hike repo rate by at least 35 bps in December
Inflation has been outside the mandated 2-6 percent tolerance range for three consecutive quarters, which is the definition of RBI’s failure under the flexible inflation targeting framework
BUSINESS
Benchmark bond yields ease as crude oil prices extend losses
Yields may move in a tight range around 7.5 percent as dealers eye easing signs in India and US inflation data this week.
BUSINESS
No fastest finger first on Bond St: SEBI's new EBP norms to bring transparency, better price discovery
Lower debt issuance threshold to allow smaller issuers on electronic bidding platform while the introduction of anchor investors would lead to efficient price discovery, market participants say
BUSINESS
SEBI’s wind-up order to Brickworks Ratings likely to benefit rivals, augment diligence in industry: Experts
Following the capital market regulator’s decree, other agencies will also become more cautious in rating operations, they said.
BUSINESS
Corporate bond issuance rises 49% on-month in September to Rs 82,378 crore
State Bank of India, Housing Development Finance Corp. Ltd, Power Finance Corp., Small Industries Development Bank of India, and HDFC Bank were among the top five issuers in September, together raising Rs 31,708 crore
ECONOMY-2
Crude sweep may send rupee down to 83 to a dollar by October end
Rising crude oil prices, the possibility of a recession in the US, and selling of shares by foreign investors are putting pressure on the local currency.
BUSINESS
Issuance of commercial paper, certificates of deposits down in September on elevated borrowing costs
Interest rates on both instruments rose sharply last month ahead of the September 30 announcement of the Reserve Bank of India (RBI) monetary policy.
BUSINESS
Spread between 10-year SDLs, G-Secs narrows to historical low on high demand from investors
Demand from investors like Employees Provident Fund Organisation, Life Insurance Corporation of India, pension funds and other retirement trusts for SDLs has gone up as they fetched the highest yield
BUSINESS
What is driving the fall in the Indian rupee to record lows?
Runaway inflation in many economies, sell-off by FPIs in Indian equities, and fears of crude prices taking a U-turn northwards are piling pressure on the rupee
BUSINESS
FPI net investment in debt rises to seven-month high on index inclusion hope, but yields soar
Money market dealers said that the rise in yields can be attributed to higher domestic inflation, an uptick in US Treasury yields, the Reserve Bank of India (RBI) increasing the repo rate, and the rate hike by the US Federal Reserve
