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What's behind the rebound in rupee? SECTIONS Last Updated: May 26, 2021, 11:24 AM IST Share ETMarkets.com NSE Explore Now Jayesh Mehta, country treasurer at Bank Of America, attributes the strengthening of the Indian rupee to foreign inflows through FDI and FPI and the weakening of the US From being one of the worst performing currencies, the Indian rupee is now the best performing currency across Asia. What is making the Indian rupee stand out? We have had the largest FDI in India ($81 billion in FY21) and the FPI inflow was also continuous. In FY21, a lot of imports were down because of th...
Copra prices show divergent trend April 28, 2021 Copra prices are witnessing a divergent trend in the key producing states of southern India. Prices of milling copra have started softening ahead of the start of the new coconut crop season in Kerala and Tamil Nadu, while the edible ball copra are ruling firm in neighbouring Karnataka. As per the figures available with Cochin Oil Merchants Association, prices of milling copra are currently ruling at ₹12,550 per quintal in Kerala compared with ₹13,100 the previous week. In Tamil Nadu, the rates were quoted at ₹11,500 against ₹12,400 las...
BofA - Merrill Lynch. What could have led to this kind of a spike in the yields and what does it potentially indicate for the global markets as well as our own? There are two different parts which are playing out. We are kind of aligned with US yields but there are two different things playing out very clearly. The US yields were too low and people are now pricing in very high inflation. In spite of the central bank saying that they will look through the inflation kind of a situation, people are pricing in a much higher inflation and therefore the long end of the curve is going up while the ...
The bond market is not in a mood to reason with the Reserve Bank of India (RBI) on keeping yields low. The 10-year bond yields continued to rise for the fourth straight session to close at 6.202 per cent from its previous close of 6.135 per cent. The yield was at 6 per cent a week ago. The RBI wants the yields to remain at 6 per cent, but bond dealers say the central bank will have to step up its bond-buying programme. A section of the market also says the RBI should not hurry in normalising its liquidity operations because that is scaring bond market participants, even as excess liquidit...