RBI
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Bonds
RBI’s ‘Open Mouth Operation’ keep yields on leash
Mumbai: Indian bond yields have stayed under the lid as RBI governor Shaktikanta Das talking down expectations appears to be working, despite a surge in borrowing costs for governments across the world with central banks pedalling back ultra-loose monetary policies. The verbal assurance that liquidity will be in abundance, which market pundits label ‘Open Mouth Operations’, a phrase borrowed from…
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Market Walk
Inflation blues – The spike in inflation will force the RBI to go for early rate hikes
It has been a difficult week for India in terms of handling inflation. During the week, the retail CPI inflation and the wholesale WPI inflation came in higher than expected. What does this mean? Unravelling the CPI number The Reuters consensus estimate was for CPI inflation to taper in Feb-22 from 6.01% to 5.93%. Instead, CPI inflation came in higher…
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Bonds
RBI’s retail direct a hit with investors as GSecs trump FDs
More than 35,000 individual investors are directly buying government bonds on the central bank‘s Retail Direct platform, raising expectations that such ownership will accelerate due to transactional convenience, asset safety and yield differentials. Sovereign bonds now yield higher than traditional bank deposits – and can be sold easily. A 10-year government bond yields around 6.80% semi-annually, compared with 5.40-6.30% offered…
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Bonds
Bond Investors | Indian Debt: Volatile macros may add to overseas bond investors’ concerns
MUMBAI – Overseas investors holding on to Indian debt may soon join their equity-market peers in queuing up for the exit door as concerns over a price spiral and widening current account gap make local yields rather unattractive. Several experts believe the central bank, in its quest to undergird fledgling growth through uncertain times, might be falling behind the curve…
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Mutual Fund
PPFAS MF withdraws interim suspension in Parag Parikh Flexi Cap Fund from today
PPFAS Mutual Fund withdraws its temporary suspension for acceptance of the transactions under the Parag Parikh Flexi Cap Fund scheme with effect from Tuesday onward. The decision of lifting temporary suspension was due to indefinite invisibility on the limit for overseas investment will be revised by regulators RBI and SEBI. In a statement, last week, PPFAS Mutual Fund said, “Investors…
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Top News
RBI officials meet bankers, dealers to discuss govt’s FY23 borrowing plan: Sources
NEW DELHI: Senior officials from the Reserve Bank of India (RBI) met certain banks and primary dealerships earlier this week to discuss developments in the government bond market and took suggestions from market players on the Centre’s borrowing programme, multiple sources told ETMarkets.com The government, which in the Budget for 2022-23 (Apr-Mar) announced a record-high gross borrowing programme of Rs…
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Bonds
Govt May Take Up Surety Bond Woes
(This story originally appeared in on Feb 28, 2022) Mumbai: The government is likely to address concerns of the insurance industry and align surety bond issuers’ rights in line with other creditors under the insolvency code. Non-life insurers had earlier said that one of the challenges in issuing surety bonds was that the bankruptcy code does not recognise rights of…
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Bonds
RBI bond auction of about Rs 23,000 crore finally sails through
MUMBAI -About Rs 23,000 crore of scheduled federal borrowing through bond auctions was garnered without any hiccups this week on investor optimism that New Delhi will raise more than Rs 50,000 crore by selling a minuscule portion of its stock in the initial public offering (IPO) of India’s biggest insurer. “The central bank’s auction cancellation earlier had surprised market participants,”…
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Top News
Gold bond issue price fixed at Rs 5,109/gm; subscription opens Monday
Mumbai: The issue price for the next tranche of Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from Monday, has been fixed at Rs 5,109 per gram of gold, the Reserve Bank of India (RBI) said on Friday. The Sovereign Gold Bond Scheme 2021-22 – Series X will be open for subscription for the period…
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Market Walk
Gold ETFs and other precious metals on massive inflows |Top News On Stock Market
After crude hit $100/bbl, Indian banks began buying dollars on behalf of OMCs The rupee went into a virtual free fall on Thursday amidst the Ukrainian crisis even as the dollar hardened and Brent Crude crossed $100/bbl. Several Indian banks started buying dollars on behalf of OMCs after crude crossed $100/bbl, which pushed the rupee to as low as 76/$,…
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