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Rupee's fortunes depend on RBI's intent to prevent further weakness: Economists SECTIONS Last Updated: Apr 23, 2021, 05:07 PM IST Share Synopsis The rupee has already lost 2.6% against the dollar so far this month, putting it on the cusp of marking its worst month, since the pandemic hit the country early last year. A fortnightly Reuters poll showed bearish bets on the rupee climbed to their highest since last April, as the surge in infections has halted what had been seen as a promising growth story in the region. Related MUMBAI: The Indian rupee's near-term fortunes may directly be influenc...

A sharp sell-off in the fag-end of the session engulfed markets on Tuesday as incidents of localised lockdowns increased in the country. The economically important state of Maharashtra tightened Covid-19-related curbs, allowing shops to stay open only between 7 AM and 11 AM, while eastern state of Jharkhand announced a complete lockdown for a week, starting Wednesday. Uttar Pradesh government has also announced weekend lockdown across the state. Given that India is grappling with a stronger second wave of Covid-19, Sameer Narang, chief economist at Bank of Baroda, believes that the governme...

SINGAPORE, Feb 5 (Reuters): Indian bond yields rose and the rupee strengthened on Friday, after the central bank kept interest rates unchanged at record low levels and said it would maintain support for the economy's recovery from the Covid-19 pandemic.

Coming on the back of a historic Union Budget, Reserve Bank of India's (RBI) monetary policy is complementary to the fiscal policy. While policy rates have been kept unchanged, RBI has given forward guidance that it will continue to provide ample liquidity into the next financial year, as was the case earlier. This is essential to see through elevated borrowing of Rs 12 trillion by Centre and Rs 10 trillion by states in the next year. RBI has done exceptionally well in managing government's extended borrowing this year when fiscal deficit has shot-up to 9.5 per cent of GDP. In fact, the gli...

RBI sets tone right to boost economy; liquidity support, widening of G-sec mkt welcome steps: Bankers SECTIONS RBI sets tone right to boost economy; liquidity support, widening of G-sec mkt welcome steps: BankersPTI Last Updated: Feb 06, 2021, 11:46 AM IST Share Synopsis ​​The Reserve Bank of India in its final monetary review of this fiscal decided to keep the key repo rate -- at which it lends short term capital to banks -- unchanged at 4 per cent with an accommodative stance to support growth and ensure there are no adverse price pressures. Monetary Policy highlights: RBI restores CRR,...