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Source: Business Standard 3 min read Last Updated : Sep 24 2024 | 8:12 PM IST The Reserve Bank of India (RBI) typically issues Sovereign Gold Bonds (SGBs) in June and September each year. However, no tranches have been issued in 2024-25 (FY 2025). The last tranche of SGB Series IV (FY 2024) was…
Source: Live Mint The Indian stock market’s initial public offering (IPO) surge is poised to make September the busiest month for public listings in 14 years, according to the Reserve Bank of India (RBI) bulletin data released on September 20. than 28 companies have entered Dalal Street in September so far, both in the mainboard…
Source: Business Standard 2 min read Last Updated : Sep 20 2024 | 9:49 PM IST The Reserve Bank of India (RBI) purchased a net total of $6.93 billion worth of foreign currency in July. It bought $23.56 billion and sold $16.63 billion of foreign currency in July, according to its monthly bulletin. …
Source: Business Standard 3 min read Last Updated : Sep 20 2024 | 7:40 PM IST With the Reserve Bank of India (RBI) nudging non-banking financial companies (NBFCs) to reduce their dependence on banks, and mutual funds becoming conservative after the Franklin Templeton incident, NBFCs are increasingly turning to the bond market to raise…
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…
Source: Business Standard The US Federal Reserve (US Fed) surprised the global financial markets with a higher-than-expected rate cut of 50 basis points (bps) on Wednesday. Puneet Wadhwa caught up with CHRISTOPHER WOOD, global head of equity strategy at Jefferies in New Delhi on his interpretation of the Fed’s move, its implications for global…
Source: Live Mint Ending the weeks of intense speculation, the US Federal Reserve’s Federal Open Market Committee (FOMC) has taken a decisive step in initiating a new monetary easing cycle, announcing a 50 basis points (bps) cut to the federal funds rate. The move comes after months of market speculation and a 14-month policy pause….
Source: Business Standard 2 min read Last Updated : Sep 17 2024 | 8:52 PM IST Prime Minister Narendra Modi on Tuesday encouraged the use of the Reserve Bank of India’s (RBI) digital currency—the central bank digital currency (CBDC)—while speaking at the launch of the Odisha government’s women-centric scheme, Subhadra Yojana. Speaking at…
Source: Live Mint INR vs USD: The Indian rupee has remained range-bound despite a weakening US dollar and favourable global factors, including declining crude oil prices and strong foreign institutional inflows (FII) into the Indian stock market. The US dollar index slipped to multi-month lows of around 101 level from a three-month high of 106.00,…
Source: Live Mint In an unfavourable turn of events, inflation measured by the Consumer Price Index (CPI) rose to 3.7% year-on-year in August, up from 3.6% in July, and surpassing Mint’s consensus estimate of 3.5%. Given the generous rainfall seen in August, expectations were that retail inflation would moderate as vegetable prices ease. The unexpected…
