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‘Hangry’ customers, employees all over ByY Maheswara ReddyY Maheswara Reddy / Updated: Apr 10, 2021, 06:00 IST . The 11-day covid curfew from Saturday is set to have an adverse impact on the manufacturing industry and the hospitality sector, affecting the livelihoods of thousands of people in Bengaluru. Chief Minister BS Yediyurappa on Thursday announced that the curfew will be in force between 10 pm and 5 am from Saturday. According to PC Rao, president, Bruhat Bengaluru Hotels Association, the hospitality segment in Bengaluru is on the recovery path but the proposed curfew will come a...

India’s Central Bank Says ‘Boo.’ Carry Traders Faint × Large-scale bond-buying and money-printing may result in a glut of rupees, causing them to depreciate against the dollar. “India joins the money printers.” That’s how an ING Bank research note describes the Reserve Bank of India’s explicit commitment to buy ₹1 lakh crore ($14 billion) in government bonds this quarter. Since this new move has been given a fancy name — Government Securities Acquisition Program — it will probably both extend and expand. Large-scale bond-buying and money-printing may result in a glut of ...

In a sign that the Reserve Bank of India’s (RBI’s) loose monetary policy could be leading to unintended consequences, the rupee nosedived 1.52 per cent after the central bank committed to buying Rs 1 trillion bonds from the secondary markets in the first quarter. The rupee closed at 74.56 to a dollar — the lowest since November 13, 2020. The intraday fall is the steepest since the August 2019 levels. According to Paresh Nayar, head of forex and fixed income at First Rand Bank, there was sustained dollar demand since Tuesday, which increased on Wednesday. That may have triggered some sto...

Smart treasury operations could help RBI transfer higher surplus to the government SECTIONS Share Synopsis The Reserve Bank of India may have accumulated a record high foreign exchange reserves, but it is a losing proposition given that a nearly 25 percent jump in fact led to a fall in returns by nearly a fifth. Agencies While RBI's balance sheet has expanded since June 2020, yields on foreign currency investments have indeed reduced over the past year. Even as the Reserve Bank earned less on the record reserve pile up and also stares at lower interest income as banks parked surplus liquidit...

Firms’ ability to repay debt improves in Dec quarter A Mint analysis of Capitaline data showed that the interest coverage ratio of 324 companies in the BSE 500 index rose to an 11-quarter high of 4.46 in the December quarter, compared with 3.87 in the September quarter and 3.30 in the December quarter of the previous fiscal.Premium 4 min read Share Via Read Full Story Steady earnings growth boosted Indian companies’ ability to service debt in the December quarter despite a higher interest outgo, an analysis of corporate earnings showed. Companies raised revenue and squeezed costs in the p...