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Rupees fortunes depend on RBIs intent to prevent further weakness: Economists SECTIONS Last Updated: Apr 23, 2021, 05:07 PM IST Share Synopsis The rupee has already lost 2.6% against the dollar so far this month, putting it on the cusp of marking its worst month, since the pandemic hit the country early last year. A fortnightly Reuters poll showed bearish bets on the rupee climbed to their highest since last April, as the surge in infections has halted what had been seen as a promising growth s...

A sharp sell-off in the fag-end of the session engulfed markets on Tuesday as incidents of localised lockdowns increased in the country. The economically important state of Maharashtra tightened Covid-19-related curbs, allowing shops to stay open only between 7 AM and 11 AM, while eastern state of Jharkhand announced a complete lockdown for a week, starting Wednesday. Uttar Pradesh government has also announced weekend lockdown across the state. Given that India is grappling with a stronger s...

SINGAPORE, Feb 5 (Reuters): Indian bond yields rose and the rupee strengthened on Friday, after the central bank kept interest rates unchanged at record low levels and said it would maintain support for the economy's recovery from the Covid-19 pandemic.

Coming on the back of a historic Union Budget, Reserve Bank of Indias (RBI) monetary policy is complementary to the fiscal policy. While policy rates have been kept unchanged, RBI has given forward guidance that it will continue to provide ample liquidity into the next financial year, as was the case earlier. This is essential to see through elevated borrowing of Rs 12 trillion by Centre and Rs 10 trillion by states in the next year. RBI has done exceptionally well in managing governments ext...

RBI sets tone right to boost economy; liquidity support, widening of G-sec mkt welcome steps: Bankers SECTIONS RBI sets tone right to boost economy; liquidity support, widening of G-sec mkt welcome steps: BankersPTI Last Updated: Feb 06, 2021, 11:46 AM IST Share Synopsis ​​The Reserve Bank of India in its final monetary review of this fiscal decided to keep the key repo rate -- at which it lends short term capital to banks -- unchanged at 4 per cent with an accommodative stance to support g...

The Reserve Bank of India (RBI) on Friday suggested that the Union and state governments reduce taxes on petroleum products to provide some relief to customers who are paying record high prices for petrol and diesel. “Pump prices of petrol and diesel have reached historical highs. An unwinding of taxes on petroleum products by both the Centre and the states could ease the cost-push pressures,” the Monetary Policy Committee (MPC) said. The statement comes a few days after the Centre impos...

Budget 2021 | Nirmala Sitharaman has managed to surpass sky-high expectations Budget 2021 has done enough to pull the economy out of the impact of COVID-19 and improve India’s medium-term growth prospects Sameer Narang Representative image (PC- MoneyControl.Com) Never have expectations been so high with the Union Budget. To give credit, Finance Minister Nirmala Sitharaman has managed to surpass sky-high expectations. Capital spending has been revve...

In Charts: Early Data Suggests A Good Beginning For The Indian Economy In 2021 Jan 19 2021, 8:50 AM January 19 2021, 8:50 AM January 19 2021, 8:50 AM Economic activity in India had held up well after the festive boost, kicking off 2021 at a pace comparable with the last few months.Positive pandemic-related developments — both, on cases and vaccination — are helping clear the decks for a faster pace of economic normalisation, said a research note by Nomura dated Jan. 18, 2020. Aggrega...

In tandem with its retail counterpart, wholesale inflation rate softened to a four-month low of 1.22 per cent in December from 1.55 per cent in November as food items entered the deflationary zone. However, core inflation (which does not include food and fuel items) rose to a two-year high of 4.2 per cent on metal and commodity prices that may not allow the monetary policy committee of the Reserve Bank of India to go for any further rate cut in February. This was despite consumer price inflat...

Investor aversion and strained government finances could complicate the capital plans for some Indian banks, particularly state-owned ones, after the central banks latest stress tests indicate that some lenders capital could fall below minimum regulatory requirements this year in the aftermath of the coronavirus pandemic. As forbearance measures to help businesses and individuals survive the pandemic end on March 31, analysts expect nonperforming assets to spike later this year. The Reser...