On the auto ancillary space we are quite positive on , says Siddharth Sedani, Head – Senior VP – Equity Sales & Products Support, Anand Rathi Shares & Stock Brokers. Edited Excerpts: We have seen the PSU bank index actually kind of outperform the benchmarks, also the Nifty Bank for the most part of the … Read more
Bank borrowings from the central bank’s liquidity adjustment facility (LAF) window have climbed sharply, indicating that Mint Road has moderated the supply of money to restrain inflation. Latest data from the Reserve Bank of India (RBI) showed banks borrowed ₹73,297 crore from the central banks through different LAF windows in a drastic change from the … Read more
Mumbai: Banks have had the best quarter in years in financial performance, with private sector lenders leading the way with record-high profit margins. An increase in lending rates helped banks get higher yields on loans, even as the cost of funds remained relatively low as they have managed with smaller increases in deposit rates. Fiscal … Read more
The Reserve Bank of India is receiving encouraging responses from countries to participate in rupee-based trading, deputy governor T Rabi Sankar has said. RBI has been pushing rupee-based trade settlement since July this year by creating a comprehensive framework for it, as part of its endeavour in the process of ‘internationalisation’ of the rupee. “Increased … Read more
Markets across the globe took a hammering on Thursday after the US Federal Reserve raised its key interest rate by 75 basis points, the highest since 1994. Historical data however show markets have recovered over three to six months after the rate increases. Since 2015, the Fed has increased interest rates 11 times, excluding the … Read more
Striking a different note from its peers, US brokerage Bank of America Securities has maintained that the Reserve Bank will leave rates unchanged next week, recognising growth-focused and capex-driven fiscal expansion, which though poses huge price pressure and interest rate risks later. The RBI‘s rate setting panel Monetary Policy Committee (MPC) will begin its deliberations … Read more
Reserve Bank’s rate-setting panel started its three-day deliberations on the next bi-monthly monetary policy on Wednesday amid rising global commodity prices and the need to contain inflation at home. The decision of the six-member Monetary Policy Committee (MPC) would be announced on Friday by RBI Governor Shaktikanta Das. Experts are of the view that the … Read more
Mumbai: Fixed income investors unnerved by the volatility in interest rates and looking for predictable returns with low credit risk in debt mutual funds could opt for target maturity schemes, said investment advisors. This category of debt funds passively invests in bonds of a similar maturity constituting the fund’s benchmark index. On maturity of the … Read more
Amid fears of a third wave of coronavirus pandemic and hardening of retail inflation, the Reserve Bank is likely to maintain status quo on interest rate and watch the developing macroeconomic situation for some more time before taking any decisive action on monetary policy. The RBI is scheduled to announce its bi-monthly monetary policy review … Read more
MUMBAI: India’s central bank will likely keep interest rates at record lows this week as it assesses the economic fallout of the country’s evolving Covid-19 crisis, but the monetary authority is expected to reiterate its commitment on liquidity. The Reserve Bank of India‘s (RBI) monetary policy committee (MPC) will likely keep the key lending rate … Read more