Sheds 24 paise to end at 73.85 on heavy greenback purchases by nationalised banks to meet month-end oil import bills
The term Chinese isn't country-specific but refers to shady lenders who trap borrowers with super high interest rates and threats of bodily harm when the money isn't repaid
By facilitating the OMOs, the central bank is assuming a much bigger role than earlier. Some have started comparing the RBI with European Central Bank
While not exactly announcing an OMO calendar for secondary-market bond purchases, the OMO size has been doubled to Rs 20,000 crore in each operation
RBI to run 'accommodative' stance as long as necessary and even entering the next year
All 10 economists and bond traders polled by Business Standard expect the status quo to continue on rates.
Rs 500 cr may look very small, but the importance becomes clear when it is found that since March, companies had not issued a single Masala bond abroad
The position lay vacant after N S Vishwanathan demitted office on March 31
Kumar's last day in office was on October 6. He had been in the bank as chairman for three years and served it in various capacities for almost 40 years
Given inflation pressure, there is no doubt that it would be difficult for the MPC to cut rates in the near-term
With three external members of MPC appointed, the committee will meet from October 7 to October 9
The three new members represent a diversity of experience and have engaged with policy making through their careers
May have given primary dealers a way to square off positions, shows data
Most say there could be excess borrowing of at least Rs 1.5-2 trn in coming days
As on September 18, India's foreign exchange reserves stood at $541.67 billion
Banks say they themselves red-flagged the transactions to RBI, authorities
Lender expects its response to be due in early 2021, says there is no matter currently that requires disclosure
The central had till now been simultaneously buying and selling bonds of equal amounts to keep the operation liquidity neutral.
Cite failure on bank's part to inform investors about improper internal controls on vehicle loans; outgoing MD Aditya Puri, CEO-designate Sashidhar Jagdishan among ddefendants
Large flows pose a challenge to managing rupee appreciation