Reserve Bank of India

RBI cancels OMO sales

The Reserve Bank of India has cancelled the open market operation of bond sales of ₹10,000 crore scheduled on November 23 citing the ‘evolving …

BRIEF-India Central Bank sets 6.01 pct cut-off rate at 13-day variable rate repo auction

Nov 17 (Reuters) - Reserve Bank of India:<p>* India central bank sets cut-off rate of 6.01 percent at 13-day variable rate repo auction<p>* India cenbank: …

Economy

BRIEF-RBI withdraws Nov 23 OMO sale auction of government securities

Nov 17 (Reuters) - Reserve Bank of India:<p>* RBI withdraws OMO sale auction of government of India dated securities<p>* Nov 23 OMO sale withdrawn due to …

India

I-T issues draft norms allowing foreign banks to convert local branches into wholly owned units

The RBI scheme, announced in November 2013, gives near national treatment to wholly owned subsidiaries of foreign banks for opening branches. Photo: …

Business (India)

India's cenbank cancels open market bond sale in surprise move

BENGALURU, Nov 17 (Reuters) - India's central bank, in a rare move, cancelled a bond sale via open market operation (OMO) worth 100 billion rupees …

Economy

Indian bond market euphoria seen short-lived as mood bearish prevails

* Concern over inflation, fiscal gap to keep markets in bear grip<p>* Lack of space for foreign investment in debt added dampener<p>* Traders to stay light …

Economy

India cenbank eases rules for short-selling in govt bonds

MUMBAI, Nov 16 (Reuters) - The Reserve Bank of India on Thursday eased the rules for short-selling in government bonds, allowing traders to deliver …

Finance

Do Findings Of Pew Research On Modi Govt Really Catch The Mood Of Nation?

Thursday morning brought a good news for Narendra Modi-led BJP government - all the way from America. Washington-based think tank Pew Research Center …

India

How DeMo Benefited The Indian Economy, According To RBI

Snapshot<p>A year after DeMo was announced, the RBI has come out with a paper analysing its impact on the financial sector.<p>Here are 10 positive changes …

Economy

Oil Rally May Be Inflation Game Changer for Asian Central Banks

The rally in oil prices is a potential game changer for inflation in Asia and will pressure central banks to lift interest rates after years of easy …

Economy

Outward FDI drops 58% to $1.35 billion in October, says RBI

Overseas investments by Indian firms dropped about 58% in October to $1.35 billion on annual basis, as per data from the Reserve Bank of India …

Business (India)

BRIEF-India cenbank sets underwriting commission of 0.0018 rupee per 100 rupees for FRB 2024 bonds

Nov 16 (Reuters) - Reserve Bank of India:<p>* India cenbank sets underwriting commission of 0.0018 rupee per 100 rupees for FRB 2024 bonds<p>* India …

India

BRIEF-RBI to permit FPIs to settle OTC secondary market transactions in govt securities on T+1 or T+2 basis

Nov 16 (Reuters) - Reserve Bank of India:<p>* To permit FPIs to settle OTC secondary market transactions in government securities either on T+1 or on …

Finance

Supreme Court seeks response from the Centre and market regulators on Bitcoin flow and digital currency

A plea to regulate the flow of Bitcoin and ensure that this <b>virtual currency</b> be made accountable to the exchequer led the Supreme Court to seek a …

Cryptocurrency

Why India's Bitcoin Scene Is Thriving Despite A Cold Shoulder From The Central Bank

Even though India’s key financial regulator Reserve Bank of India (RBI) has strongly voiced its opinion against using bitcoin for payments, technology enthusiasts believe the craze for cryptocurrency is only on the upswing in India. Indian bitcoin exchanges, bolstered by the growing number of …

Entrepreneurship

Bitcoin Legality Debate Heads to India’s Supreme Court

The lack of clear governmental policies over cryptocurrencies like bitcoin has seen a clarity-seeking petition land in India’s supreme court, the …

Bitcoin

Indecisive Government Causes Bitcoin to Land in India's Supreme Court

When governments dither over policy decisions, courts often have to step in to provide guidance. A petition seeking the government to act on Bitcoin …

India

Govt seeks special dividend from RBI for bank recapitalisation

The government has sought a special dividend from the Reserve Bank of India (RBI) to fund a part of its Rs 2.11-lakh crore plan to recapitalise …

Business (India)

Awaiting detailed information on Paradise Papers: MAG chief

New Delhi, Nov 14 (PTI) The multi-agency group (MAG) on Paradise Papers is looking to obtain more data on those Indians named in the global tax leaks …

Corruption

India state government securities issued in 2017/18

Nov 15 (Reuters) - The following are the details of Indian State Government Securities Issued for the year 2017/18. Auction Security …

India

Schroder Turns Away From India Debt as Oil Adds to Headwinds

Schroder Investment Management Ltd. is turning away from Indian bonds, until recently one of the most sought-after investment destinations in …

Economy

RBI May Leave Rates On Hold After Higher Prices, Say Experts

Stronger food and fuel inflation pushed up headline CPI inflation to a 7-month high in October and accordingly, the Reserve Bank is expected to stay …

Economy

Traders See No Relief for Indian Bonds as Inflation Woes Mount

Sovereign bond traders’ worries about inflation are intensifying.<p>India’s consumer-price index accelerated at the fastest pace in seven months, data …

Economy

The Indian Financial Market: Still Roaring Without Foreign Money

Indian government policies from the preceding years have aided in ensuring that home-grown investment levels rise, which in turn has substituted the …

Business

Recovering food prices lift retail inflation to a seven-month high in October

The Consumer Price Index-based inflation rose to 3.58% in October.<p>India’s Consumer Price Index-based inflation rose to 3.58% in October, the highest …

Economy

An investment-lite growth model?

Indeed, the investment-GDP ratio in 2019, according to IMF’s prognosis, will be lower than in 2017. Graphic: Subrata Jana/Mint<p>Cast your eyes on the …

Economy

Rising inflation, falling growth: Narendra Modi’s real test begins when crude gains pace on upward journey

Weak industrial production numbers in September and inflation inching up in recent months do not offer any comfort to policymakers. The Monetary …

Economy

UPDATE 1-India's 10-year bond yield at over 13-month high as inflation quickens

* 10-year bond yield rises to as much as 7.07 pct<p>* Supply overhang, OMO sale add to bearishness<p>* State-run banks stay away from bond market - traders …

Economy

Five Things You Need to Know to Start Your Day

<i>Want to receive this post in your inbox every morning?</i> <i>Sign up here</i><i>.</i><p>Trump’s trip wraps up, Chinese and Indian bond damage in focus, and a monthly …

Business

BRIEF-India cenbank says 9 states raise 75.67 bln rupees via loans, above targeted 75 bln rupees

Nov 14 (Reuters) - Reserve Bank of India:<p>* India cenbank: implicit yield on 7.20 percent Maharashtra SDL 2027 at 7.6807 percent<p>* India cenbank: cut …

India