Anjali Kumari
Anjali Kumari
BFSI sector, governed by well-defined regulations, is relatively protected from such attacks
In July so far, the rupee has depreciated by 0.4 per cent, against 0.1 per cent in June
Currently, foreign investors hold around $1 billion worth of existing 30-year bonds
But some see it hitting 84/$ tracking Asian peers
According to analysts, banks with an LCR exceeding 130 per cent are relatively comfortable, though not many lenders boast such robust ratios
The rupee remained under pressure during the week due to persistent outflows from domestic equities, said dealers
The previous record high reserve was $667 billion in the week ended July 12
In the Union Budget for the previous financial year 2023-24, it was announced that a 10 per cent TDS on interest payments would be applied to listed bonds (debentures) starting April 1, 2023
Rao said that such events can destroy assets funded by institutional finance, thereby harming the financial health of these institutions
Rupee declines to new low over fall in domestic equities
Hardships caused to poor and low-income consumers can be handled through DBT, it says
'Inadequate management' of such relationships can expose regulated entities to reputational damage, says M Rajeshwar Rao
Market participants said that the Indian currency did not depreciate further as the Reserve Bank of India intervened in the foreign exchange market by selling dollars
The bank's total revenue rose by 19 per cent Y-o-Y to Rs. 2,505 crore
Equity, investment funds share in total financial wealth up by over 50% between 2011-12 and 2022-23
Guv says RBI's target is inflation, not a neutral rate of interest
It says their investments surpass net inflows into JP Morgan index-eligible bonds
Market participants said that the Reserve Bank of India intervened in the foreign exchange market via dollar sales, which prevented the rupee from further depreciation
Reduced hedging cost, appetite for high-yield bonds help big-dollar borrowing
Market participants said that the inflows are expected to continue and might touch Rs 2.5 trillion in the next 5 to 6 months