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INSANE: 7 - The Real Truth

Rupee may slip on oil, risk-off mood; RBI once again expected to ride to rescue

The Indian rupee is likely to experience a lower opening on Wednesday amidst climbing oil prices and increasing U.S. Treasury yields. The sentiment in the market is further influenced by the Reserve Bank of India's swap facility announcement. In an effort to bolster the currency, the central bank is selling…

The Economic Times

Japan’s yen lesson for India: Don’t fight the currency market

India should focus on economic fundamentals and allow the rupee to be largely market-driven. The RBI has some flexibility during a financial crisis because India does not have full capital account convertibility, allowing authorities to restrict large capital outflows if required.

The Economic Times

Fiscally fit: The counterintuitive move that helped India tame inflation

India's inflation between 2010 and 2016 offers a lesson in fiscal discipline. Persistent deficits eroded confidence, leading to high inflation rates. However, banking windfall revenue from cheaper oil repaired debt backing. This fiscal consolidation re-anchored prices and restored market confidence. This commitment to fiscal discipline has since buffered India from…

The Economic Times

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India 10-year bond gives up post-policy gains as oil moves, RBI swap pullback weigh

Indian government bonds saw a decline for the second consecutive day, erasing previous gains as high oil prices and the premature conclusion of a deposit scheme weighed on investor sentiment. Following the central bank's policy announcement, the benchmark bond yield rose sharply. Swap rates also jumped, indicating a negative shift…

The Economic Times

India's economic growth to slow to 6.8% in FY27 amid West Asia crisis, El Nino impact: Ind-Ra

India Ratings and Research has raised its FY27 GDP growth forecast to 6.8% from 6.7%, but expects growth to slow from 7.6% in FY26 amid inflation, rupee weakness and El Nino risks.

The Economic Times

RBI measures lift FY27 BoP outlook to over $50 bn surplus, CAD seen at 1%: SBI Research

FCNR(B) deposits: In FY27, India is anticipated to enjoy a balance of payments surplus amounting to USD 50 billion, driven by robust foreign currency inflows that are set to greatly benefit the nation's external economic stability. The Reserve Bank of India’s deposit scheme has successfully attracted considerable foreign exchange investments.…

The Economic Times

Indian bonds wobble on oil strain, RBI swap pullback

On Tuesday morning, Indian government bonds faced a downturn as oil prices spiked beyond ninety dollars. Concerns escalated after the central bank prematurely ended a diaspora deposit scheme, leading to uncertainty in the market. This pullback in liquidity support has rendered bonds susceptible to changes in oil prices and international…

The Economic Times

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BSE shares drop 3% after second downgrade in two days. Nuvama lists CAS among 3 key headwinds

BSE shares extended their losing streak after Nuvama downgraded the stock to Hold and cut its target price, citing three key concerns: the impact of CAS on trading volumes, tighter bank guarantee norms and limited scope for further market-share gains. Jefferies also recently downgraded the stock, adding to pressure on…

The Economic Times

View: India needs guardrails around shadow loans, not bans

The RBI’s proposed curbs on flexi loans could reshape how India’s self-employed workers and small businesses borrow. While the move aims to prevent evergreening of bad debt, it could also restrict a useful source of flexible working capital. The bigger question is whether tighter oversight can curb misuse without shutting…

The Economic Times

ETMarkets Smart Talk | Have ₹1 crore for 3 years? Puneet Pal’s fixed-income playbook

Rather than locking into long-duration bonds at current yields, Puneet Pal, Head – Fixed Income at PGIM India Mutual Fund, believes investors should stay nimble and wait for potentially higher yield levels as the rate cycle evolves.

The Economic Times

Navi’s FY26 loss widens fourfold on UPI investments; eyes FY27 profitability

Navi reported a notable increase in net losses for FY26, largely attributed to its strategic investments in UPI and new market initiatives. Despite this setback, the company projects a turnaround to profitability in FY27. UPI is recognised as a vital mechanism for attracting customers, and lending remains a core source…

The Economic Times

FCNR(B) swap cost unlikely to have driven RBI’s early closure: SBI Research report

SBI Research said the cost of the RBI’s FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging costs at USD 10.5 billion over five years. It said mobilisation targets may already have been achieved, with FCNR(B) deposits at USD 52.3 billion as of August 13.

The Economic Times

India bonds sink on RBI's early close of FX swap facility

The Indian government bond market experienced a dip in demand on Monday, leading to higher yields. In an unexpected move, the central bank accelerated the deadline for its diaspora deposit swap program. This decision came after robust foreign deposit inflows from banks. As policymakers weighed domestic liquidity impacts and borrowing…

The Economic Times

BSE shares tumble 5% after Jefferies downgrades stock to 'underperform'. Here’s why

BSE shares fell sharply on Monday after Jefferies downgraded the stock and cut its target price to Rs 2,940, citing risks from proprietary trading activity, STT changes, RBI bank guarantee norms and the Closing Auction Session. The brokerage also lowered earnings estimates, despite BSE’s strong Q1FY27 profit and revenue growth.

The Economic Times

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The Economic Times

RBI cuts FX swap window short after NRI deposits cross $50 billion

The Reserve Bank of India shortened its zero-cost FX swap facility for banks. This action followed substantial foreign deposit inflows from non-resident Indians. Policymakers also considered domestic liquidity effects and fundraising costs. The overseas fundraising supported the rupee, which had reached record lows earlier. These measures have bolstered foreign exchange…

The Economic Times

RBI's heavy FX footprint revives memories of a tightly managed rupee

The Reserve Bank of India has stepped in, providing crucial support for the rupee amidst global economic uncertainties. State-run banks are actively engaging in dollar sales to ensure currency stability, reminiscent of a time when central bank measures were more decisive. Despite fluctuating oil prices, the rupee remains largely stable,…

The Economic Times

India bonds dip as RBI's diaspora swap move dents sentiment

Early Monday saw a dip in demand for Indian government bonds following the RBI's closure of its swap window. This decision caused the benchmark bond yield to surge, hindering a crucial source of demand. Inflows exceeding $52 billion resulted in foreign exchange reserves hitting a four-month peak. Additionally, the surplus…

The Economic Times

223% return on SGB premature redemption date today: Gold bond turns Rs 1 lakh investment into nearly Rs 3.23 lakh in 5 years

Gold bond rate: The Reserve Bank of India has established the early redemption price for a certain gold bond series. Investors have the option to redeem these bonds five years post-issuance. The redemption amount is determined by the average gold price over the three business days leading up to redemption.…

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The Economic Times

ETMarkets Smart Talk | Dhawal Dalal’s fixed-income playbook: Stagger bond bets, favour AAA debt

While the near-term rate outlook remains uncertain amid global inflation and energy price risks, the fixed-income landscape continues to offer opportunities across select segments.

The Economic Times

RBI's $56.8 billion forex drive: How diaspora deposits reshape India's currency risk and balance sheet

India's special forex package has successfully garnered over fifty-six billion dollars in deposits, surpassing expectations. This increased inflow has prompted an extension of its deadline, ushering in a new era of currency risk for the central bank. Unlike previous models, banks now focus more on leveraging their assets than merely…

The Economic Times

Indian Bank plans to garner $400 million via ECB this week: MD Binod Kumar

Indian Bank plans to raise $400 million via External Commercial Borrowings this week. The bank may raise an additional $600 million through ECB before December 2026. It also aims to gather USD 2 billion from FCNR(B) deposits, seeing good demand. The Reserve Bank of India has already closed its concessional…

The Economic Times

'India was, is and will be one of fastest-growing economies': SBI Research

India remains one of the world's fastest-growing economies, demonstrating significant resilience. Strong credit and deposit growth indicate a robust financial sector performance. Foreign currency inflows are bolstering the nation's economic standing. Improved monsoon outlook and better irrigation support the rural economic outlook. The number of high-income taxpayers continues to show…

TechRadar

India central bank head says AI can approve loans humans would have turned down, says the technology is, 'a capability to be responsibly harnessed and not merely as a risk to be contained'

India's central bank wants AI deciding who can get a loan, as long as no bank ever tells a customer "the model decided.

The Economic Times

RBI may stay nimble on rates as growth is seen slowing to 6.6%: Report

Crisil reports India's growth may slow to 6.6 percent this fiscal year. Foreign portfolio investor inflows improved significantly in July, boosting financial conditions. Systemic liquidity surplus widened, and money market rates softened during July. Bank credit growth remained strong, and bond yields declined, while the rupee weakened. The Reserve Bank…

The Economic Times

RBI to close FCNR(B) forex swap facility early after strong dollar inflow

The Reserve Bank of India has closed its special forex swap facility early. This facility attracted significant foreign exchange inflows totaling $52.3 billion. The scheme for FCNR(B) deposits will now only accept funds mobilized until August 31. However, the swap facility for ECBs and OFCBs continues until December 2026. These…

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