Anjali Kumari
Anjali Kumari
So far in FY25 (up to October), Indian corporates have raised around Rs 35,000 crore from overseas investors through bonds
Government cash balance turns negative; Fx market remains volatile
The liquidity in the banking system stood at a deficit of Rs 6,956 crore on Monday, according to the latest data from the Reserve Bank of India
The rupee had appreciated to a high of Rs 84.22 per dollar on Wednesday as the dollar index fell by 0.7 per cent after surging for the majority of the month
So far, lenders have raised Rs 74,256 cr
The local currency settled at Rs 84.29 per dollar on Monday, against Rs 84.46 per dollar on Friday
The deputy governor highlighted that despite their importance, MSMEs often struggle to secure timely and adequate credit
State-owned banks have increasingly turned to the domestic capital market to raise funds via infrastructure bonds, driven by credit growth needs amid challenges in deposit mobilisation
Uncertainty around the US Federal Reserve's future rate trajectory further weighed on the local currency
India Inc. will likely continue to tap the dollar bond market in the long run, given the strong demand for high-yield papers
The RBI had net sold $6.49 billion in the spot market in August. In the current financial and calendar year, the central bank has been a net seller of dollars in three months - April, June, and August
In October 2024, the rupee appreciated by 1.8 per cent month-on-month (M-o-M) in terms of the 40-currency REER
Premature to say slowdown in urban consumption going to persistent
The previous low of Rs 84.41 per dollar was hit last Thursday. The local currency had settled at Rs 84.40 per dollar on Monday
The Finance Minister also said that inflation is very volatile because of supply and demand constraints
RBI is expected to be active in the currency market, which will cap the losses
No immediate relief expected amid shrinking US-India bond yield spread, subdued earnings
The dollar index rose to 106.66 per cent on Thursday post the US CPI data. Dollar index measures the strength of the greenback against a basket of six major currencies
Private sector banks are leading technology adoption, said Michael Debabrata Patra, deputy governor, Reserve Bank of India
Inflation hit a 14-mth high of 6.2% in Oct, breaching MPC's upper tolerance band