Gold Silver Reports (GSR) – RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank — Chief executive officers at HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. —the nation’s largest private lenders by assets — are among bankers yet to receive bonuses for the financial year ended 31 March 2017, as the Reserve Bank of India hasn’t signed off on the proposed payments, the people said, asking not to be identified as the information is private. They declined to give further details. Business Standard newspaper had previously reported the delays.
inflation
Inflation has Been Ticking Lower
Gold Silver Reports (GSR) – Money Market Update – Inflation has been ticking lower, but the RBI expects it to inch up in coming months amid rising fuel and vegetable prices. Traders will also watch out for whether the central bank allows foreigners to up their investments in government bonds, a move which is likely to fuel a further rally in the market.
India’s ‘Macro Concerns’ Will Hold Nifty Below 11,000, CLSA Says
Gold Silver Reports (GSR) – India’s ‘Macro Concerns’ Will Hold Nifty Below 11,000, CLSA Says – NSE Nifty 50 Index won’t cross the 11,000 level in 2018 as concerns about the revenue and fiscal deficits, higher oil price and inflation, new taxes on equity gains and political uncertainties will continue to linger on and impact returns, CLSA India Pvt. said in an investor note Monday.
Japan Inflation Picks Up in November But Still Well Below Target
Gold Silver Reports – Japan Inflation Picks Up in November But Still Well Below Target — Japanese inflation unexpectedly sped up in November but prices are still rising at less than half the rate targeted by central bank.
Bond Party Set to Cool in India Amid Inflation, Fiscal Risks
Gold Silver Reports – Bond Party Set to Cool in India Amid Inflation, Fiscal Risks – The bull run in Indian sovereign bonds is petering out as accelerating inflation and the risk of worsening public finances cloud the outlook for Asia’s highest-yielding securities.
Fed Officials Ponder Slow Inflation With December Hike On Table
Gold Silver Reports – Fed Officials Ponder Slow Inflation With December Hike On Table – Federal Reserve officials said there’s room to be patient in the run-up to their December policy meeting, even as they aired varying degrees of concern over this year’s inflation slowdown.
Yellen, Draghi Head to Jackson Hole Amid Inflation Unease
Gold Silver Reports — As the world’s top central bankers gather in Wyoming this week, their relief about a stronger global economy will be tempered by a growing unease that inflation remains inexplicably low.