RBI expected to start rate cut cycle from December this year: UBS
The Reserve Bank of India's Monetary Policy Committee (MPC) is anticipated to begin easing interest rates in December 2024, according to a UBS report. This expectation arises from an improving domestic inflation outlook, projected to be 30 basis points lower than the RBI's forecast of 4.5% for FY25, along with a global trend of monetary easing. Key Points
Economic TimesRupee's upside momentum faces US inflation, RBI test
The Indian Rupee is expected to open mostly unchanged on Tuesday, with investors awaiting U.S. inflation data for possible cues on when the Federal Reserve might begin interest rate cuts. Key Points
Business TodayRockefeller Foundation president Rajiv Shah appointed to New York Fed Board of Directors
International Business News: Dr. Rajiv Shah, president of the Rockefeller Foundation, has been appointed to the Board of Directors of the Federal Reserve Bank of New York. Shah, a Key Points
Times Of IndiaUday Kotak clarifies his statement, calling dollar as financial terrorist
Uday Kotak, the CEO of Kotak Mahindra Bank, clarified his earlier statement regarding the US dollar as the biggest financial terrorist in the world on Twitter. He said he meant that the US dollar's Reserve currency status gives it disproportionate power that can regulate global trade, putting other countries in a position of dependency when transacting. Kotak urged India to build strong independent institutions & frameworks as prerequisites to make the Rupee a Reserve currency Key Points
Economic TimesBanks See Surge in Deposits as Indians Ditch ₹2,000 Notes and RBI Conducts Reverse Repos to Absorb Excess Liquidity
India's Reserve Bank announced the withdrawal of INR 2,000 banknotes from circulation, leading to a 3.3 billion rupee ($43m) decrease in circulation for the week ending June 2. Over 80% of the notes were deposited in bank accounts, leading to excess liquidity in the banking system. Key Points
mint
$2.7 bn in 14 days! FII buying on Dalal Street longest in 3 years: Nilesh Shah
Foreign institutional investors (FIIs) were net buyers of Indian equities for 14 straight days, the longest streak in 3 years. This positive trend is likely due to several factors, including the Reserve Bank of India's decision to pause rate hikes, the March quarter earnings of companies not bringing any big shocks to Dalal Street investors, and the US Federal Reserve's indication of a likely pause in interest rates. However, experts caution that the Fed's indications of a possible recession could impact FII flows Key Points
Economic TimesNHAI gets nod to build e-way stretch through forest area
The NBWL's nod has come for the 7.1-km stretch of the project passing through the forests of Chittoor Forest Division and Rayala Elephant Reserve. Key Points
The Indian Express"There isn't any alternative to USD as Reserve currency": Warren Buffett
Washington [US], May 5 (ANI): Legendary investor and American businessman Warren Buffett addressed concerns about the US debt and inflation during Berkshire Hathaway’s annual meeting. He emphasized the resilience of the dollar as a Reserve currency and expressed confidence in the US economy despite the national debt. Show Full Article “It won’t be the quantity […] Key Points
ThePrintIf you don't get any rate cut this Friday from Shaktikanta Das & Co, blame it on the weather
The Reserve Bank of India will likely keep its benchmark repurchase rate at 6.5% for a seventh straight policy meeting. Key Points
Business TodayCentre examining FDI flow from China in Paytm Payments Services
The Reserve Bank's action against PPBL follows a comprehensive system audit report and subsequent compliance validation report of external auditors. These reports revealed persistent non-compliances and continued material supervisory concerns in PPBL. Key Points
Economic Times
Sensex surges 500 points, Nifty nears 19,800 on global cues; here’s all you need to know
India Business News: The BSE Sensex surged by 500 points, reaching 66,538, while the Nifty50 traded at 19,827, marking a gain of 136 points around 10.50 am. Key Points
Times Of IndiaFinancials, consumer stocks drag sensex, Nifty after RBI policy decision
India Business News: India's Nifty 50 and the S&P BSE Sensex fell by 0.46% and 0.47%, respectively, pulled down by financial and consumer stocks following the Reserve Bank Key Points
Times Of IndiaIndia bond yields may rise tracking US peers, RBI pause to support
Underlying sentiment also remains positive, after the Reserve Bank of India surprised the market with a status quo on its policy rate on Thursday. Indian markets were shut on Friday. Key Points
FinancialexpressGold resumes uptrend after US Fed Federal policy, bullish trend to expand this week; macro forces at play
Gold has resumed uptrend post Federal Reserve policy outcome as traders assessed the latest comments from the Federal Reserve as taking a dovish stance. Further fall in dollar index and bond yields boosting appeal of precious metal. Key Points
FinancialexpressRPSC releases Reserve list and cut-off marks for Sr Teacher Gr II Comp Exam 2016
RPSC Reserve List and Cutoff Marks for Sr. Teacher Gr II Comp. Exam 2016 (Sanskrit) on March 26. Key Points
Hindustan Times
Why Fed rate cuts must come sooner rather than later
Federal Reserve Chair Jerome Powell should be more worried about tipping the economy into a recession by not lowering rates than he might be with squeezing out the so-called “last mile” of inflation by keeping borrowing costs higher for longer than needed. The reason why is the labor market looks to be deteriorating in ways that are little appreciated. Key Points
Economic TimesRBI raises automatic payment limit via UPI to Rs 1 lakh
UPI emerges preferred mode of payment for a large section of population with over 11.23 billion transactions recorded in November. The Reserve Bank of India on Tu Key Points
The Tribune IndiaAUS vs SA, World Cup semifinal: As match resumes after rain, how weather might look rest of the day at Eden Gardens?
South Africa captain Temba Bavuma was dismissed for a duck in the first over while Quinton De Kock went away for just 3 runs. Aiden Markram also got out after scoring 10 runs. Rassie Van der Dussen was dismissed for 6. Key Points
Business TodayIndian shares to open higher as US data boosts rate outlook
Indian shares are set to open higher on Thursday, as rising expectations of an end to the U.S. Federal Reserve's rate hike cycle boosted risk appetite. Key Points
ReutersWall Street climbs on signs of easing inflation; chip stocks gain
U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s Key Points
Business Today
Indian shares open lower on rate fears after Powell's testimony
Indian shares opened lower after U.S. Federal Reserve Chair Jerome Powell reiterated the likelihood of aggressive rate hikes to tackle inflation. Key Points
India TodayUS Fed rate hike to snap market’s winning streak or can Nifty top 17200? 8 things to know before market opens
Domestic equity indices may see a start in the red as Wall Street wiped off billions in investor wealth overnight following US fed rate hike verdict. Here's the top eight things to know before the market opens. Key Points
FinancialexpressWorld Cup 2023 final: India and Australia can be declared joint winners if...
World Cup cricket 2023: There is a provision for Reserve day and more extra time for the final between India and Australia, scheduled on Sunday. If there is no result even on Monday , the Reserve day, both teams will be declared joint winners as per ICC rule book. In case of a tie, a Super Over will determine the winner, with subsequent rounds if needed. Key Points
Economic TimesET Explains: RBI's challenges with real interest rates amid sticky inflation
Despite the US Federal Reserve's hint at lower rates, the Reserve Bank of India (RBI) faces challenges with real interest rates, among the lowest in emerging markets. The RBI's 250 basis points rate hike hasn't significantly raised the real rate. Inflation dynamics pose a dilemma for the RBI in setting policy rates, balancing growth, financial stability, and currency considerations to ensure stable interest rates and liquidity. Key Points
Economic TimesRBI to conduct special audit for regulatory breaches by IIFL Finance, JM Financial Products
The Reserve Bank of India has initiated special audits for IIFL Finance Ltd and JM Financial Products Ltd to further investigate regulatory breaches. The audits will be conducted by auditors appointed through a tender process, with firms empanelled by Sebi for forensic audit eligible to participate. The audits come after the RBI imposed restrictions on both companies earlier this month for non-compliance with regulatory guidelines. IIFL Finance was barred from sanctioning or disbursing gold loans, while JM Financial Products was restricted from providing financing against shares and debentures. Key Points
Economic Times
RBI lists challenges in tackling inflation
Flags food price shocks, geopolitical tensions. Reserve Bank Governor Shaktikanta Das on Thursday warned that the fight against inflation has not yet ended... Key Points
The Tribune IndiaChina signals more targeted stimulus after abrupt cut to bank Reserve ratio
To further boost the economy, China's central bank, the PBOC, has launched plans to guide money into sectors of national importance. The PBOC surprised investors with a bigger-than-expected Reserve requirement ratio cut, and economists expect further RRR cuts and policy-rate cuts. Key Points
Economic TimesRupee gains 3 paise against US dollar
Mumbai, Dec 11 (PTI) The rupee appreciated 3 paise to 83.37 against the American dollar on Monday as investors stayed on the sidelines ahead of the US Federal Reserve meeting on interest rates. Persistent foreign fund inflows supported the rupee, but a strengthening US dollar overseas capped the gains, forex traders said. The US Federal […] Key Points
ThePrintTreasury yields fall on data, rate cut expectations; dollar gains
By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) -Treasury yields fell on Wednesday while the dollar gained and MSCI's global stock index barely rose as U.S. Federal Reserve officials provided Key Points
ThePrintIRB jawan among two killed by suspected insurgents in Manipur’s Kangpokpi district
Henminlen Vaiphei, who was serving as rifleman in 6th India Reserve Battalion, was 'not on duty' at time of attack. Both victims were unarmed and from Kuki community, it is learnt. Key Points
ThePrint
Rupee falls to 83.2850/USD, lowest in one year
But likely intervention from the Reserve Bank of India (RBI) capped further losses, traders said. The RBI likely sold U.S. dollars near 83.28 levels but the intervention was not aggressive, a foreign exchange trader at a private bank said. Key Points
Economic TimesAsian stocks slip on rate worries, yen in focus
By Ankur Banerjee SINGAPORE (Reuters) - Asian shares fell on Tuesday after Federal Reserve officials cemented the view that U.S. interest rates are likely to remain elevated for some time, while the Key Points
ThePrintTranslocating jumbos | A tightrope walk for elephants, humans
The attempt to translocate an elephant is two-fold: to give the elephant a second chance at a life in the wild, and to provide villagers peace of mind from the threat of attacks for food. A key stakeholder is the forest department. Key Points
The HinduBond yields flattish ahead of April US inflation data
Economists expect U.S. headline CPI to hold steady at an annual 5% and core CPI to moderate very slightly to 5.5%. The numbers, due at 1230 GMT, will show whether price pressures continue to ease or remain at levels that could prompt the U.S. Federal Reserve to hike interest rates further. Key Points
FinancialexpressReserve Bank of India likely buying dollars to absorb inflows, say traders
The Indian rupee was trading at 81.8275 per U.S. dollar, having reached 81.7325 earlier. Key Points
The Indian Express
Govt urged to allow foreign currency transactions in country via RBI
Consultants and service providers in India have called on the government to cease routing domestic forex deals via the US banking system in order to save foreign currency and avoid transaction fees. At present, a fee is charged on USD transactions within India; these deals should be routed through the Reserve Bank of India to avoid the levy, consultants argued. Key Points
Economic TimesDeepak Mohanty is new PFRDA chief
New Delhi: The government has appointed Deepak Mohanty as chairman of Pension Fund Regulatory and Development Authority (PFRDA). He replaced Supratim Bandyopadhyay, whose term ended in January. Prior to this, Mohanty, a former executive director of the Reserve Bank of India (RBI), served as a member Key Points
The Tribune IndiaRupee Closes At 82.84 Per US Dollar On Fed Policy Bets
The Indian rupee declined against the dollar on Monday, as Asian currencies fell on the prospect of the U.S. Federal Reserve hiking interest rates further and for Key Points
NDTV.com