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Source: Live Mint (Bloomberg) — China’s central bank pumped a large amount of short-term cash into its financial system on Wednesday, dialing up liquidity support amid a cash squeeze with the new year holiday looming. The People’s Bank of China injected a net 958.4 billion yuan ($131 billion) of cash via seven-day reverse repurchase agreements…
Source: Live Mint South Korea’s central bank vowed to stabilize financial markets and highlighted the importance of “uninterrupted implementation” of key fiscal and economic measures, in its first statement since lawmakers voted to impeach President Yoon Suk Yeol. “The Bank of Korea intends to utilize all available policy instruments, in conjunction with the government, to…
Source: Business Standard It is widely anticipated that the MPC will keep interest rate unchanged despite change in composition of external members. | Photo: Shutterstock 2 min read Last Updated : Oct 02 2024 | 11:15 PM IST Newly reconstituted Monetary Policy Committee of the Reserve Bank of India with three new appointed external…
Source: Live Mint The Indian stock market closed the volatile trading session on a flat note on Tuesday, October 1 amid mixed global signals and uncertain economic indicators. While some stocks posted slight gains, the overall sentiment remained cautious. Traders opted to remain on the sidelines as they evaluated the potential impact of the recovery…
Source: Business Standard RBI DG Swaminathan Janakiraman 2 min read Last Updated : Sep 30 2024 | 5:09 PM IST India’s small finance banks (SFBs) should strengthen governance to ensure sustainable business growth while adopting responsible lending practices, a deputy governor at the central bank said in a speech. “It is disheartening to…
Source: Business Standard The domestic currency settled at 83.5625 on Friday, and gained nearly 0.4% week-on-week, its strongest weekly rise this year. 1 min read Last Updated : Sep 20 2024 | 5:32 PM IST India’s foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of…
