The Reserve Bank of India is wary of complacency in the domestic bond market, given the volatility in international markets, said Parul Mittal Sinha, head-financial markets, India at Standard Chartered Bank. In an interview with Bhaskar Dutta, she said the Indian rupee will be relatively better performing despite the strengthening US dollar. Edited excerpts: The … Read more
India’s rupee will not drop past the 84-per-dollar mark even if the greenback strengthens further from current levels as the nation’s central bank will step in to defend the currency, according to Standard Chartered Plc. “The Reserve Bank of India has been protecting rupee from depreciating very sharply,” Parul Mittal Sinha, head of India financial … Read more
New Delhi: Leading bourse NSE‘s exchange-traded currency derivatives, which completes 15 years on Tuesday, witnessed close to 2,000 crore contracts worth Rs 609 lakh crore transactions during its journey. The National Stock Exchange of India (NSE) introduced the Exchange Traded Currency Derivatives segment on August 29, 2008, with the launch of Futures on currency spot … Read more
Mumbai: The rupee closed at an all-time low versus the dollar Thursday as the likelihood of a prolonged phase of higher US interest rates and deepening concerns over the Chinese economy prompted global investors to reduce exposure to emerging market currencies. The rupee closed at 83.15 per US dollar on Thursday versus 82.95 per dollar … Read more
Kolkata: The Reserve Bank of India (RBI) is in talks with other major global central banks to promote digital rupee for cross-border payments, Governor Shaktikanta Das said, while the central bank allowed trade payments in rupees last year to enhance the local unit’s acceptability globally. “CBDC (central bank digital currency) is going to be the … Read more
Mumbai: State Bank of India (SBI) is likely to kick off rupee bond issuances for the current financial year towards the end of this month or early next month with a sale of additional tier-1 bonds, sources aware of the development said The bond sale could be for up to ₹10,000 crore, with a base … Read more
“So, next few months should be good for sugar stocks. The key we will need to watch out subsequent to this and the start of the next sugar season is given that there are elections next year,” says Sandip Sabharwal, asksandipsabharwal.com.You have been tracking the prospects of sugar pretty closely. Just wanted to understand what … Read more
Mumbai: The rupee on Monday suffered its sharpest single-day fall against the dollar in two-and-a-half months as unexpectedly strong US employment data boosted the greenback by keeping alive the chances of more Fed rate increases. The decision of the Organization of the Petroleum Exporting Countries (OPEC) to announce an oil production cut also hurt the … Read more
The Indian rupee on Tuesday saw its first gain in four sessions as a slightly weaker dollar and improving economic data supported the local currency.The rupee closed at 82.2050 against the U.S. dollar, up from 82.2950 in the previous session. The rupee had dropped to a six-week low of 82.3725 on Monday. The dollar, which … Read more
Mumbai: India’s sovereign bond market, a barometer for broader borrowing costs in the economy, has seen transaction volumes jump to their highest in eight months as most traders believe expectations of moderating consumer inflation through the summer indicate the central bank has reached its intended terminal rates in the current cycle. Increasing conviction that the … Read more