Page 20 - Anup Roy

Cash-starved and desperate, states borrow at steep rate in lockdown

According to the schedule, 19 states had lined up to borrow up to Rs 37,500 crore, but they managed to raise Rs 32,560 crore.

Contraction in Indian economy due to Covid-19 may be short-lived: UBS

"The potential slowdown of the economy will be determined by the duration of the lockdown, and the economic policy choices taken to ensure a safe recovery," said Tanvee Gupta Jain

Covid-19 relief: RBI cuts repo 75 bps; defers term-loan EMIs for 3 months

Repo down to 4.4%; reverse repo reduced by 90 basis to 4%; CRR lowered by a percentage point to 3%; inflation and growth forecast not given as they would depend on the extent of the coronavirus crisis

RBI opens up intervention avenue in offshore rupee derivative market

The central bank is tight-lipped on its intervention strategy, but it is suspected that it recently intervened in a huge amount in the offshore markets

Corporate bonds get Rs 1-trn relief as coronavirus ignites large sell-offs

The RBI governor, in his video-streamed speech, said the central bank was taking this route as the COVID-19 pandemic has ignited large sell-offs in asset classes

Coronavirus: Banks offer fresh lines of credit to SME firms amid lockdown

With the financial year ending on March 31, small- and mid-sized companies are likely to default en masse, while rating agencies will have to mark them in the 'default' grade

Bond market freezes amid coronavirus scare; traders working from home

The benchmark 10-year bond saw trading volume of Rs 1,325 crore, and was the most traded one

RBI's coronavirus contingency plan: Keep it going from a secret location

A crack team of 150 overseeing critical operations from a hotel

RBI buys bonds worth Rs 10k cr, to conduct 2 more OMOs of Rs 30k cr

The central bank received bids worth Rs 45,049 crore for Friday's open market operation

Coronavirus fear: Rupee breaches 75 a dollar, hits intra-day low of 75.30

A thinly traded market is compounding the problem for the rupee

YES Bank gets Rs 60k-cr line of credit from RBI to resume operations

RBI Governor Shaktikanta Das on Monday had said the regulator was ready to offer liquidity if required

To maintain liquidity, RBI to purchase Rs 10,000-crore govt bonds via OMO

The central bank will conduct open market operations (OMO) on March through a multi-security auction

Market rout: RBI intervenes to protect continuously falling rupee

"The central bank may have been intervening in these markets in small measures in the past too, but Friday's action was quite loud," said a senior currency dealer requesting anonymity.

Coronavirus impact: RBI offers $2-bn swaps to deal with currency swings

In a statement on its website, the RBI said it was doing the swaps in view of the intense selling pressure witnessed worldwide on 'extreme risk aversion due to the spread of COVID-19 infections'

YES Bank fiasco: RBI asks states not to withdraw funds from private banks

'We strongly believe that such a move can have banking and financial sector stability implications,' the letter stated

Public sector banks announce share-swap ratios ahead of April 1 merger

Allahabad Bank-Indian Bank deal to be determined

Supreme Court lifts curbs on cryptocurrencies, junks RBI circular

This has given a major relief to exchanges dealing in these crypto currencies

10-yr bond yields at 39-month low as markets brace for RBI action

Reserve Bank of India (RBI) Governor Shaktikanta Das told Bloomberg in an interview on Tuesday that the central bank was ready to do whatever was needed to address a slowdown.

Currency traders see no reason to panic due to coronavirus outbreak

If there is news about the possible containment of the virus, the rupee can strengthen rather sharply

If China cannot go back to work, firms will need support: Helene Rey

Helene Rey says if the hit is big enough, it can have a macro effect on demand