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Source: Live Mint MUMBAI – The Indian rupee was slightly stronger on Monday as most regional currencies rose, while very-near-tenor dollar-rupee swap rates surged to unusually high levels amid panic bids, according to traders. The rupee was at 85.4750 against the U.S. dollar as of 11 a.m. IST, up from its close of 85.5325 in…
Source: Live Mint MUMBAI, Dec 26 (Reuters) – Indian banks’ financial position has stayed robust, marked by the sustained expansion in loans and deposits, while their gross bad loan ratio has dropped to multi-year lows, a central bank report showed on Thursday. Banks’ gross non-performing assets ratio (NPA), or the proportion of bad assets to…
Source: Live Mint MUMBAI, Dec 17 (Reuters) – Indian government bond yields rose on Tuesday, with the benchmark yield inching above the key 6.75% level, after the rupee fell to yet another record low and as investors braced for the Federal Reserve’s monetary policy meeting. The 10-year yield ended at 6.7588%, compared with its previous…
Source: Live Mint (Bloomberg) — The liquidity deficit in the Indian banking system hit the highest in nearly six months on advance tax payments by companies and likely dollar sales by the central bank to curb rupee volatility. The banking system cash deficit, as measured by banks’ borrowings from the Reserve Bank of India, was…
Source: Live Mint We have been talking about the Reserve Bank of India (RBI) easing interest rates for quite some time. The question now is: what is the appropriate time for the RBI to initiate this? The latest meeting of the central bank’s Monetary Policy Committee (MPC) was on 6 December. Earlier, there were expectations…
Source: Live Mint By Shubham Batra and Dharamraj Dhutia MUMBAI, – India’s five-year government bond is attractive as its yield could fall more compared with the 10-year benchmark note’s if the domestic central bank cuts rates in February, a fixed income executive at LIC Mutual Fund said. “If a rate cut materialises in February, we…
Source: Live Mint The Indian stock market has recently demonstrated remarkable resilience, exhibiting a bounce back from periods of consolidation led by uncertainty by economic slowdown and premium valuations. This recovery is a testament to the market’s inherent strength. One of the catalysts for the recent market relief has been the easing of geopolitical tensions….
Source: Live Mint Stock market today: The domestic benchmark indices, Sensex and Nifty 50, experienced significant volatility following the Reserve Bank of India’s monetary policy announcement. After the announcement, the markets oscillated between highs and lows. On Friday, the Reserve Bank of India (RBI) chose to maintain the policy rate unchanged for the eleventh consecutive…
Source: Live Mint Markets regulator Sebi issued a circular on instant redemption in liquid funds in 2017, allowing investors to withdraw up to ₹50,000 or 90% of the money parked in a liquid fund per day, whichever is lower. Many fund houses such as PPFAS, Nippon, Shriram, Bajaj, ICICI, HDFC and SBI offer this facility. …
Source: Live Mint Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, were generally subdued on Monday. Gains in cement manufacturer Ultratech and Grasim Industries helped offset broader losses, which were driven by concerns over domestic economic growth and its impact on the central bank’s monetary policy decisions. Data released late Friday indicated…
