The European Central Bank is concerned about the political pressure that Ireland's still fragile banks are under to cut mortgage rates deemed too high by the government, Ireland's head of financial regulation said on Wednesday.
Although the company did not specify the amount in its BSE filing, sources said it would raise around Rs 15,000 crore through the global bonds.
The world of zero interest rates has outlived its usefulness, according to a chorus of influential bankers, watchdogs and economists anxious about asset bubbles and wealth inequality.
The Reserve Bank on Monday proposed that Indian corporates eligible for raising external commercial borrowings (ECBs) could also raise funds overseas by issuing Rupee linked bonds, a move expected to open another window for cheaper resources.
The surprise decision was taken on Thursday, just hours after Prime Minister Alexis Tsipras was presented with a tough compromise deal from lenders that crossed many of his 'red lines', including tax hikes, privatisations and pension reform.
Tsipras, elected in January on a promise to end austerity, returned from late night talks with EU officials in Brussels to face an outcry over conditions that would breach the "red lines" his Syriza party has declared.
The big spike in US bond yields, which is at 7-year high, is a matter of concern for global markets.
The European common currency rode the momentum gathered overnight when the European Central Bank, in line with recent data suggesting deflationary pressures were not as pronounced as feared, raised its inflation forecast for 2015.
In what could be the bank's least eventful meeting in months, the ECB is set to keep rates on hold, confirm its growth forecasts, make the case for a steady pace in quantitative easing and discuss Greece only briefly, leaving most of the talking to Brussels.
The joint effort by the European Commission, the European Central Bank and the International Monetary Fund to set out the terms for a cash-for-reforms deal came after the leaders of Germany and France held emergency talks with those institutions in Berlin on Monday night to press the lenders to bridge their own differences and find a solution.
US Treasury yields spiked to two-week highs overnight after German Bond yields soared on stronger-than-expected euro zone inflation data. Consumer prices rose 0.3 percent year-on-year in May, beating forecasts for a 0.2 percent increase.
From this week's European Central Bank meeting, to OPEC's Friday meeting and the G-7 over the weekend, the month is packed with eventsâ€”not least of which is the Fed's June 16 and 17 meeting.
European Central Bank President Mario Draghi and IMF chief Christine Lagarde join the meeting goal of which is to reach a joint position on how to negotiate with Greece, the officials said.
Australian shares were up about 0.3 percent, ahead of the Reserve Bank of Australia's policy decision at 0430 GMT. The bank is expected to keep rates on hold at a record low of 2.0 percent.
Total income of the company rose by 20 percent to Rs 188 crore in March quarter, up from Rs 156 crore in the corresponding quarter of 2013-14.
As central bankers and economists gathered in the sun-kissed Portuguese town of Sintra for a forum on central banking, Mario Draghi, the president of the European Central Bank (ECB), said that the outlook for the euro zone looked brighter than it had done for the last seven years.
Spot gold was little changed at USD 1,207.01 an ounce by 0048 GMT, after dropping 0.3 percent in the previous session.
Rupee is trading in a range along with global currency markets and corresponding RBI actions. The rupee is expected to trade in a range of 63.60-64/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.
One piece of upbeat US economic data and some comments from the European Central Bank on monetary stimulus: that's all, it seems, the dollar needed to get its zing back.
Range for the day is seen between 63.40-64.05/dollar, says Himanshu Arora of Religare.
Gold struggled near its lowest in a week on Wednesday, holding steep overnight losses triggered by a stronger dollar and stock market, with traders now waiting for minutes of the Federal Reserve's last policy meet for clues on the US rate outlook.
Prospects for a step-change in global economic growth are better than they have been in many years, but much depends on solid evidence that an awful first quarter for the United States is far in the rear-view mirror.
The Athens government has been in debt deadlock with its international creditors since it came to power in late January. While the left-wing Syriza party was elected on an anti-austerity ticket, those holding the purse-strings on its multibillion-euro bailout are insisting on strict economic and welfare reforms.
Investors digested figures from the previous day that showed relatively strong euro zone economic growth in the first quarter, contrasting with disappointingly weak US retail sales in April.
Spot gold was little changed at USD 1,184.01 an ounce by 0042 GMT, after losing 0.3 percent on Monday.