Page 18 - Mint Road News Today : Breaking News, Live Updates & Top Stories | Vimarsana

RBI buying dollar to keep rupee steady SECTIONS Share Reuters The Reserve Bank of India (RBI) has reportedly bought up to even a billion dollars a day lately, four top foreign-exchange dealers at large financial institutions told ET, potentially risking paltry returns on its already record stash of foreign exchange. Related Mumbai: Ripple effects of public stock listings, such as those of Zomato, GR Infraprojects and Clean Science and Technology, are already being felt beyond Dalal Street, with Mint Road intervening frequently in the currency market to mitigate the impact of surging overseas...

Mumbai: Mint Road will have to take the lead in holding down North Block’s borrowing costs as bond traders believe the latest raft of federal incentives are more in the nature of guarantees, potentially with a limited role in driving immediate economic expansion. Finance minister Nirmala Sitharaman on Monday expanded the government's emergency credit line guarantee scheme (ECLGS), announced a fresh guarantee plan for the microfinance sector, and also opened a concessional loan programme for the healthcare industry. Economists estimate that the total impact of the government measures will be...

High government cash balance likely to limit additional borrowing SECTIONS Share Synopsis The fears of additional borrowing due to GST shortfall may not be as substantial as bond dealers anticipated initially. Any large additional borrowing announcement would have triggered a spike in the yields. This time it didn’t. ThinkStock Photos Lockdowns may have dented the government's revenues, but there's a positive side too. The central government's cash balance with the Reserve Bank of India was estimated at Rs 4.2 lakh crore in the week ended May 21, according to QuantEco, a Mumbai-based resear...

In the backdrop of rising commodity prices, any depreciation in the INRs value would further feed into imported inflation, say currency traders.

A 15-year-old boy was shot and killed by a gunman outside his home in Grange Hill, Westmoreland on Tuesday night. The deceased has been identified as Rayon Guthrie, al