Edelweiss Financial Services said its Rs 200 crore public issue of debentures opened on Monday. The non-convertible debentures (NCDs) will have an effective annual yield of 9 per cent to 10.46 per cent. The issue will close on April 23. The NCDs carry fixed coupons and have a tenure of 24 months, 36 months, 60 … Read more
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
In the ever-changing world of investments, trying to predict the future of an economy can be challenging. Whether you are an experienced investor or just starting your financial journey, understanding whether an economy is on the path of growth or heading towards a recession is crucial. Fortunately, there is a valuable tool that can provide … Read more
The Narayanaswamy temple at Anandur at the KRS backwaters, which is normally submerged, has resurfaced owing to depleting water level in the reservoir. | Photo Credit: M.A. SRIRAM Farmers in South Karnataka region, including Mysuru, Mandya, and Chamarajanagar belt, are staring at stunted crop growth and lower yield due to the prolonged dry spell and … Read more
It may seem odd to ask this question when the news-flow on India macro is getting better by the day. If one leaves out the mixed signals that are coming on the strength of rural recovery, the rest of the economy seems to be on a meaningful mend. High-frequency indicators like manufacturing and services PMI, … Read more
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view. With the first signs of dents in economic growth now visible, and fallout from financial-market tensions lingering, any pause by the Federal Reserve after at least one more … Read more
Mumbai: The benchmark bond yield spiked Monday to nearly a three-and-a-half year high, just ahead of the Reserve ‘s bi-monthly policy announcement. Traders are apprehensive of the quantum of rate hike the Monetary Policy Committee is set to deliver on Wednesday. The benchmark bond yielded 7.50%, the highest level since January 11, 2019, show Bloomberg … Read more
SINGAPORE: The yen fought for a footing on Tuesday, following its worst session in 16 months, as the Bank of Japan pins down bond yields at a time when they are rising sharply in the rest of the world. The Japanese currency fell as much as 2.4% to 125.10 to the dollar overnight, its lowest … Read more
Mumbai: The Reserve Bank of India’s status quo on interest rate is becoming increasingly irrelevant, with the term premia – the difference between the policy repo rate and the yield on long-term benchmark bonds – rising to a 12-year high. The premium is nearly 3%, the highest since 2010. This is pushing up the borrowing … Read more
By Subhadip Sircar Primary dealers stepped in to rescue an Indian bond auction as a spike in global yields dented demand for sovereign debt. Underwriters bought about 20% of the 240 billion rupees ($3.3 billion) of bonds on offer at a weekly sale, the Reserve Bank of India said in a statement Friday. They bought … Read more