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New Delhi: Investors are positioning for a rally in Indian bonds on bets the central bank will go for more interest-rate cuts this year to power the economy.
India's central bank has discussed the possible reintroduction of daily repurchase operations with market participants as it seeks to resolve a cash crunch that's hampering its monetary policy.
MUMBAI: The Indian rupee slipped to an all-time low on Friday (Jan 31), as the threat of US trade tariffs under President Donald Trump weighed on most Asian currencies, while the Reserve Bank of India likely stepped in to support the local unit, traders said.
New Delhi: India’s central bank governor Shaktikanta Das says an interest rate cut at this stage would be “very, very risky” and he’s in no hurry to join the wave of easing by global policymakers.
Most other Asian currencies traded flat with the Taiwanese dollar and Thailand's baht adding a modest 0.2% each.
NEW DELHI: India's central bank is set to double to 10% a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters.
NEW DELHI: The Reserve Bank of India (RBI) on Thursday (Aug 1) said 97.92% of the Rs 2,000 denomination banknotes have returned to the banking system.
India’s steady inflation and the threat of rising food prices will probably keep the central bank on hold for longer, with economists pushing out their expectations for interest rate cuts to later in the year.
India’s central bank will likely keep interest rates unchanged today, with chances of an early cut fading after the government warned of a coming heatwave and the economy grew faster than expected.
BENGALURU (Reuters) - Shares of Paytm climbed as much as 10% on Wednesday after media reported that the embattled digital payments firm's CEO had met India's finance minister and central bank to try to resolve a regulatory crackdown on its payments bank business.
Shares of Indian payments firm Paytm tumbled 20% yesterday, after a move by the country’s financial regulator to halt business at associate Paytm Payments Bank sparked fears of hits to the company’s profitability and reputation.
India’s inflation quickened for the first time in four months, while manufacturing production surged more than forecast, giving the central bank reason to keep interest rates higher for longer.
A heady year of capital inflows for India may only result in mild gains for the rupee as the nation’s central bank will likely continue to grip the currency tightly.
The Reserve Bank of India (RBI) may ask lenders to continue maintaining additional cash reserves for two more fortnights, with some tweaks to the proportion, as it seeks to keep liquidity tight amid high inflation, at least six senior treasury officials tell Reuters.
Raiffeisen Bank International (RBI) AG says it may finally have a way to move some of its assets out of Russia. What it hasn’t explained is why the complex, €1.5bil (US$1.7bil) string of transactions ended up with an executive who has a long history working for companies of a now-sanctioned tycoon.
MUMBAI: Indian government bond yields are expected to dip marginally in the early session, tracking a slide in US yields a day ahead of the Reserve Bank of India’s (RBI) monetary policy decision.
India’s central bank may buy as much as 1.5 trillion rupees (US$18bil or RM83bil) of government bonds to replenish banking liquidity that’s expected to tighten later in the year, according to a top banker.
MUMBAI: The Reserve Bank of India (RBI) has come across instances of some banks trying to conceal the real status of their stressed assets while governance gaps have also been noticed at certain lenders, according to its governor.
(Reuters) - Paytm said on Thursday it expects a worst case impact of 3 billion rupees ($36.13 million) to 5 billion rupees to its annual earnings from Reserve Bank of India's order barring its unit, Paytm Payments Bank, from accepting fresh deposits from March.
MUMBAI: The Reserve Bank of India (RBI), seeking to arrest the rupee’s slide, is asking local banks to not build additional positions in the non-deliverable forward (NDF) market, a move that could lead to offshore volatility spilling into local markets, bankers and traders say.
