Liquidity

Mutual Funds: Mirae to restart SIP, STP, lumpsum in Mirae Asset Large & Midcap Fund from Aug 1

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Mutual Funds: Mirae to restart SIP, STP, lumpsum in Mirae Asset Large & Midcap Fund from Aug 1

Mirae Asset Investment Managers has announced the withdrawal of the existing temporary suspension on subscription through the Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), switch-ins & lumpsum in Mirae Asset Large and Midcap Fund (‘the Scheme’) and enabling other facilities from August 1, 2024. The fund will resume accepting subscriptions through Systematic Investment Plans … Read more

Looking at a Goldilocks scenario for corporate earnings? Mukul Kochhar is betting on 3 sectors

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Looking at a Goldilocks scenario for corporate earnings? Mukul Kochhar is betting on 3 sectors

Mukul Kochhar, Head of Institutional Equities, Investec Capital Services, says he is bullish on financials, auto and pharma sectors. Financials include some very high-quality banks, regulated banks, small finance banks trading at very affordable multiples; in autos, there are OEMs, two-wheelers and some four-wheelers also at this point they have become attractive in terms of … Read more

FPIs infuse over Rs 13,300 crore in equities in April so far amidst bullish economic outlook

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FPIs infuse over Rs 13,300 crore in equities in April so far amidst bullish economic outlook

Foreign investors have infused over Rs 13,300 crore in Indian equities in the first two weeks of the month owing to a resilient domestic economy with promising growth prospects. Going ahead, concerns over changes in India-Mauritius tax treaty will weigh on Foreign Portfolio Investor (FPI) inflows in the near-term till clarity emerges on details of … Read more

RBI’s nimble and flexible in managing liquidity: Guv

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RBI’s nimble and flexible in managing liquidity: Guv

Mumbai: The Reserve Bank of India (RBI) will inject or absorb funds in the banking system in a nimble manner, depending on deficit or surplus conditions, top central bank officials said, adding that when interest rates are the principal tool of monetary policy, liquidity is used to achieve a certain rate. “As (RBI) governor has … Read more

Effective rates now largely higher than repo rate

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Effective rates now largely higher than repo rate

Mumbai: The Monetary Policy Committee has not officially raised interest rates for a year, but its novel stance of “focussing on withdrawal of accommodation” has led to much tighter financial conditions than the traditional rate hike stance of “calibrated tightening”, effectively delivering a rate hike without touching the policy rate. An analysis of the weighted … Read more

Wall St Week Ahead: Fed, earnings and economic data to test US stocks at record highs

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Wall St Week Ahead: Fed, earnings and economic data to test US stocks at record highs

The U.S. stock market’s strong start to the year faces a major test next week in a stretch packed with big tech earnings, the Federal Reserve’s monetary policy meeting and the closely-watched employment report. The S&P 500 is up nearly 3% since the end of December and stands near record highs, driven in part by … Read more

RBI may not have to drain cash further as core liquidity declines

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RBI may not have to drain cash further as core liquidity declines

Mumbai: The Reserve Bank of India need not have to tighten liquidity any further as a metric cited by the central bank has fallen below levels that could stoke inflation, potentially paving the way for Mint Road to effectively deliver a rate cut by letting market rates ease from their current elevated levels. As of … Read more

RBI could defer OMO sales with liquidity deficit at over 4-year highs

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RBI could defer OMO sales with liquidity deficit at over 4-year highs

Mumbai: The Reserve Bank of India (RBI) could defer its declared open market bond sale as currency leakage from the banking system during the festival season and its own steps to shield the rupee from excess volatility have pushed liquidity deficit to its highest in more than four years, according to analysts. With net liquidity … Read more

Liquidity in the banking system slips to 6-month low

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Liquidity in the banking system slips to 6-month low

Mumbai: Liquidity in the banking system has slipped into its deepest deficit in almost six months, inflating borrowing costs, as outflows due to corporate advance taxes and the Reserve Bank of India’s likely actions to stabilise the rupee have drained lenders of funds. As of September 16, the RBI infused ₹68,785.94 crore into the banking … Read more

MPC Minutes: Excess liquidity on RBI radar

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MPC Minutes: Excess liquidity on RBI radar

Mumbai: The Monetary Policy Committee appears prepared to look past the seemingly transitory phase of high inflation stoked by vegetable prices, but steps to reduce liquidity overhang in the banking system are likely to help contain price pressures, minutes of its August 8-10 meeting showed. “Given the likely short-term nature of the vegetable price shocks, … Read more