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Need to do more to rein in yields: MPC SECTIONS Last Updated: Apr 23, 2021, 07:05 AM IST Share Synopsis A debate about the efficacy of the central bank’s guidance appears to be intensifying within the MPC with Governor Shaktikanta Das hesitant to commit himself on a time-bound guidance, while Prof. Jayant Varma declaring it to be ineffective and calling for action by the central bank. The conduct of monetary policy could be smooth and is firmly in control even if external factors such as rising dollar and a flight of capital happen. Related Mumbai: The resurgence of Covid virus dominated th...

Resurgence of COVID-19 dominates Monetary Policy Committee deliberations SECTIONS Share Synopsis A debate about the efficacy of the central bank’s guidance appears to be intensifying within the MPC with Governor Shaktikanta Das hesitant to commit himself on a time-bound guidance while Prof. Jayant Varma declaring it to be ineffective and calling for action by the central bank. Getty Images The resurgence of Covid virus infections dominated the Monetary Policy Committee deliberations with members worrying that economic recovery could stall leading to them suggesting that the Reserve Bank of ...

April 20, 2021 They fear that a rise in interest rates could adversely impact prices of long-tenor securities Market participants, especially banks, in the Government Securities (G-Sec) market, seem to be turning averse to the conversion of short-tenor securitiesinto long-tenor securities, due to fears that a rise in interest rates could adversely impact prices of the latter. They are avoiding duration risk (the longer the maturity of a bond, the more sensitive it is to changes in interest rates), going by the results of the switch/ conversion auction of 10 G-Secs (for a notified amount of �...

Softbank Group to invest $450 million in Swiggy at $5.5 billion value SoftBank Group Corp. is investing in Swiggy at a $5.5 billion valuation, the second funding for the Indian food delivery startup in as many weeks as capital floods the world’s fastest growing internet arena. The $450 million funding came from Masayoshi Son’s Vision Fund 2, a person familiar with the matter said. The financing awaits approval from Indian antitrust regulators, the person added, asking not to be identified talking about a private deal. Decision in 3 working days after foreign Covid-19 vaccine firms apply ...

G-Sec prices on the rise April 16, 2021 Prices of Government Securities (G-Secs) rose on Friday after the previous day’s sharp fall as the RBI did not devolve the 10-year benchmark G-Sec on primary dealers despite rejecting all bids for it at the auction. The price of the 10-year benchmark (carrying 5.85 per cent coupon rate) ended up 27 paise at ₹98.275 (previous close ₹98.01), with its yield thawing about 4 basis points to 6.0885 per cent (6.1256 per cent). Rejects all bids Of the three G-Secs that were being auctioned, the RBI rejected all bids it received for the benchmark 5.85 per ...