RBI Announces Further Restrictions On Allahabad Bank

RBI Announces Further Restrictions On Allahabad Bank

Gold Silver Reports (GSR) – RBI Announces Further Restrictions On Allahabad Bank — Allahabad Bank  has been under the RBI’s PCA framework since January 2018. The fresh restrictions placed by RBI on the bank represent a second round of corrective measures.                  

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Foreign Investors Can Invest In T-Bills, Says RBI

Gold Silver Reports (GSR) – Foreign Investors Can Invest In T-Bills, Says RBI — As per the revised framework, foreign investors can invest in government debt without any residual maturity restrictions. In 2014, the RBI has said that foreign investors can only invest in government securities with a residual maturity of three years. The restriction had been put in place after foreign investors sold short term Indian debt heavily once the U.S. Federal Reserve indicated that it will start to taper down its quantitative easing program.

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Bonds in India Set for Rout on Unexpectedly Hawkish RBI Minutes

RBI Pause on Interest Rate Hike May Last Only Till December

Gold Silver Reports (GSR) – The 10-year bond yield may climb by as much as 10 basis points, according to Vijay Sharma, New Delhi-based executive vice president for fixed-income at PNB Gilts Ltd. One-year interest-rate swap rose three basis points Thursday to 6.51 percent, the highest since March 9.                 

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