Mumbai: The bond market reacted postively to the Reserve Bank of India (RBI) governor’s signal for lower yields lapping up the Rs 28,000 crore bonds on offer at the prevailing market rate even as the benchmark bond yield dropped by seven basis points to end at 5.94%. As expected the RBI kept interest rates unchanged … Read more
Passive strategy has now controlled almost 60% of US equity assets while quant funds control another 20% and that is a staggering 80% of total combined that is being controlled by passive strategies, says Shiv Sehgal, Deputy CEO, Capital Markets, Edelweiss. What kind of signals are you getting as far as global markets are concerned? … Read more
Mumbai: The Reserve Bank of India‘s US dollar purchases in June was at a four-year high for any month. Economists said the central bank is building a war chest of reserves to prevent any adverse impact on the rupee amid the Covid-19 crisis. The central bank bought $14.8 billion from the spot currency market in … Read more