FORGOTTEN HISTORY: Reserve bank of india | History Defined

India's BoP set to turn positive but below expectations amid oil import costs and widening trade deficit: ICICI Bank

India's Balance of Payments (BoP) is turning positive, but it is likely to remain lower than earlier expectations as elevated oil prices and an expanding non-oil, non-gold deficit weigh on the external trade position, according to a research report by ICICI Bank Global Markets.

The Economic Times · 1h ago

Sebi writes to IRDAI to include investors' insurance policy details in consolidated account statement

Sebi Chairman Tuhin Kanta Pandey announced efforts to include insurance information in the Consolidated Account Statement. The initiative aims to provide investors with a comprehensive financial overview of their investments. Additionally, RBI's support for integrating bank deposits into the framework is also underway. A comprehensive review of existing regulations is…

The Economic Times · 12h ago

Govt may raise fuel prices in November, top economist says

The government is considering a fuel price hike in November as a strategic move before state elections. Inflation is projected to rise significantly due to the proposed price increases, potentially reaching 6.2% later this year. The Reserve Bank of India has forecasted lower inflation, but external pressures may challenge currency…

The Economic Times · 13h ago

Indian bonds breathe easy as Treasury yields decline

Early Thursday, bonds issued by the Indian government saw slight upswings, influenced by a rally in US Treasuries. Despite this, concerns over liquidity, climbing interest rates, and mounting supply challenges have capped these hikes. Traders are curbing risk levels prior to a major debt auction, while rising domestic inflation fuels…

The Economic Times · 21h ago

Higher EMIs ahead on SBI loans: State Bank of India revises lending interest rates; Check latest EBLR, RLLR and MCLR rates

In response to the recent uptick in the repo rate, State Bank of India has elevated its External Benchmark-linked Rates and the Repo Linked Lending Rate. As a result, borrowers can anticipate an increase in their equated monthly installment payments. However, the MCLR rates have only seen adjustments across various…

The Economic Times · 22h ago

Treasury rally could lift India bonds at open, but caution prevails

Indian government bonds are expected to draw investor interest early Thursday as US Treasury yields retreat. The Reserve Bank of India's recent hawkish outlook on interest rates continues to create a cautious market environment. The 6.94% 2036 bond yield is projected to stabilize after closing at 7.3999%. Furthermore, predictions suggest…

The Economic Times · Oct 15

Stocks in news: Reliance Industries, Jio Financial, Tata Tech, HDB Financial and Wipro

Indian equity benchmarks ended lower after a volatile session influenced by strong wholesale inflation and elevated crude oil prices. The Nifty 50 declined, testing the support zone of 22,580-22,620, which might weaken with repeated tests. Several companies, such as Reliance Industries and Tata Technologies, are expected to be in focus…

The Economic Times · Oct 15

India bonds sink deeper on RBI commentary, inflation concerns

Indian government bonds are currently facing notable losses, pushing the 10-year yield to its highest since March 2023. This downturn comes in the wake of hawkish remarks from Reserve Bank of India Governor Sanjay Malhotra about financial stability. Additionally, India's wholesale inflation saw an unexpected rise in September, leading to…

The Economic Times · Oct 14

Ultra-short-term borrowing costs spike; premium over policy rate hits 4-year high

The Reserve Bank of India hiked rates for the first time in nearly four years last week and shifted its stance, signalling more increases, while Governor Sanjay Malhotra on Tuesday said monetary policy cannot be seen as separate from financial stability, prompting traders to ramp up rate hike bets.

The Economic Times · Oct 14

Cabinet approves Rs 52,878 crore IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDI

The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaishnaw said. The government and Life Insurance Corporation of India will retain a combined 34% stake in the restructured entity. Vaishnaw called it India’s largest financial-sector FDI.

The Economic Times · Oct 14