Gold Silver Reports (GSR) – RBI Decision-Day Guide | Gold Silver Reports – The Reserve Bank of India is expected to hike interest rate as the central bank tries to rein in inflation and shore up Asia’s weakest major currency.
Reserve Bank of India
Shorter Rupee Corporate Bond Yields Near 2014 Levels on RBI
Gold Silver Reports (GSR) – Market borrowing costs for top-rated state-owned Indian companies — a key gauge for the nation’s corporates — have risen to their highest since Jan. 2, 2015. The central bank’s rate hike and a change to the method by which investors must value local government bonds may still spell more bad news for corporates.
Reserve Bank of India to Hold Rates, But June Hike now Close call
Gold Silver Reports (GSR) – In a snap poll of 56 economists taken after gross domestic product data on Thursday, 26 of those respondents, or about 46 percent, expect the RBI to take the repo rate higher at the June 6 meeting. The GDP data showed Asia’s third-largest economy grew at its fastest pace in nearly two years in the January-March period.
Crude Oil Conspires With Politics to Drive Rupee Toward Record Low
Gold Silver Reports (GSR) – Crude Oil Conspires With Politics to Drive Rupee Toward Record Low — Brent crude rose above $80 a barrel last week for the first time since 2014, and is looking ominous for the nation’s budget deficit, inflation and the currency. Meanwhile, Modi faces the prospect of rival parties uniting to block his re-election bid after their success at a recent state poll.
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.
Yes Bank Received Reserve Bank of India’s (RBI) Approval to open Two offices in London and Singapore
Gold Silver Reports (GSR) – Yes Bank Received Reserve Bank of India’s (RBI) Approval to open Two offices in London and Singapore – YES BANK’s international foray to expand services to the NRI population living in London and Singapore.
JC Sharma, Managing Director At Sobha Speaks
JC Sharma, Managing Director At Sobha Speaks Key highlights from the conversation: ⭐ Cochin and Chennai market contributed to traction. ⭐ See rise in sales from Bangalore in near term. ⭐ To launch new projects in various cities including Chennai. ⭐ Will be launching products in all categories. ⭐ Debt to equity ratio remains lowest …
RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank
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.
India RBI Key Points of the Monetary Policy Statement
Gold Silver Reports (GSR) – India RBI Key Points of the Monetary Policy Statement — Reserve Bank of India Governor Urjit Patel and his monetary policy committee lowered inflation projections on Thursday, raising expectations that interest rates will be on hold for sometime to come. That may boost flagging investments and demand, both of which were hit by a cash ban imposed in late 2016 and the chaotic implementation of a consumption tax last year.
Consumer Confidence Fell In March After December Uptick: RBI Survey
Gold Silver Reports (GSR) – Consumer confidence weakened in the March-ended quarter mainly due to mounting concerns over the country’s economic progress and employment growth.