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Fund managers disappointed as there was no mention of open market operations by RBI. They were expecting some announcement on OMOs, amid big borrowing plans announced by Finance Minister Nirmala Sitharaman
Synopsis Finance minister Nirmala Sitharaman has proposed a permanent institutional framework to purchase investment-grade bonds in stressed times to deepen the corporate bond market. AFP Finance minister Nirmala Sitharaman has proposed a permanent institutional framework to purchase investment-grade bonds in stressed times to deepen the corporate bond market. This institution will purchase investment grade securities which are stressed and enhance the secondary market liquidity of corporate bonds. Debt mutual fund managers believe that this move is positive for funds like banking & PSU debt...
All eyes are on whether RBI Governor Shaktikanta Das once again reiterates his support for the debt market, though most expect a measured approach, where the central bank keeps long-end yields grounded to facilitate government borrowing, while keeping liquidity on a tight leash. “The markets would want the RBI to indicate its upfront support, but it’s going to be tactical,” said Pankaj Pathak, fixed income fund manager at Quantum Mutual Fund. Below are the key Asian economic data and events due this week: Monday, Feb. 1: Federal India budget, Indonesia CPI, South Korea trade and ...
The onus to regulate the proposed exchange for spot gold has fallen on the Securities and Exchange Board of India. The statutory body currently regulates the equities market along with commodity futures market. “In the budget of 2018-19, government had announced its intent to establish a system of regulated gold exchanges in the country. For the purpose, Sebi will be notified as the regulator and the Warehousing Development and Regulatory Authority (WDRA) will be strengthened to set up a commodity market eco system arrangement including vaulting, assaying, logistics etc in addition to war...
Where should you invest in 2021? If you haven’t yet invested overseas, consider international mutual funds available through domestic fund houses. January 02, 2021 / 05:55 PM IST As 2020 winds to a close, there are mild reasons to cheer. Despite being volatile, equities have had a spectacular run over the past 7-8 months. Falling interest rates and bond yields made liquid funds and small saving instruments less attractive. And after a strong rally in the first seven months, gold prices have fallen. The US stock indices continued to rise, though most experts said that valuations were str...