All stories by Anup Roy
Decoded: Why higher circulation of currency is normal in abnormal timesRediff.com4 days ago
Theoretically, the currency with the public should expand in sync with the nominal income, which again moves in relation to the nominal growth rate of the economy. But the correlation breaks easily when other factors come into play, says Anup Roy.
Don't panic over sudden movement of rupee, say dealersRediff.com12 Apr 2021
The sudden movement of the rupee - post the monetary policy - is not a reason to panic, said currency dealers. According to them, a correction was overdue for the rupee that remained the best performing currency in the region for well over a month. The rupee closed at 74.72 a dollar on Friday from its previous close of 74.60. It had dropped 1.52 per cent against the dollar on April 7 after the Reserve Bank of India (RBI) announced its monetary policy, committing to buy Rs 1 trillion of bonds in the June quarter. A weak rupee goes well with the export narrative of the government, and is consistent with the RBI's intervention strategy that prevented an appreciation.
India to become 3rd largest economy by 2031: BofA SecuritiesRediff.com24 Mar 2021
Bank of America (BofA) Securities expects India to be the third-largest economy in the world by 2031. The economic rise could become a reality by 2028, but the Covid pandemic delayed the pace, BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in a report.
Amid global rout, govt cancels last bond auction of FY21Rediff.com23 Mar 2021
In the state of the economy report, the RBI said bond vigilantes could undermine the recovery, unsettle financial markets, and trigger capital outflows from emerging markets.
Citibank likely to hive off consumer banking business in IndiaRediff.com8 Mar 2021
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
RBI's lack of support pushes up bond yieldsRediff.com23 Feb 2021
The bond market is not in a mood to reason with the Reserve Bank of India (RBI) on keeping yields low. The 10-year bond yields continued to rise for the fourth straight session to close at 6.202 per cent from its previous close of 6.135 per cent. The yield was at 6 per cent a week ago. The RBI wants the yields to remain at 6 per cent, but bond dealers say the central bank will have to step up its bond-buying programme.
RBI's intervention drives down 10-year bond yields to 6% levelRediff.com11 Feb 2021
The central bank bought the 10-year bonds at 50 paise above the prevailing rate, and brought down the yields from 6.08 per cent to 6 per cent mark.
RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10Rediff.com9 Feb 2021
However, the RBI is still not in a mood to issue an OMO calendar, which was the expectation in some sections of the market.
If it ain't broke, don't fix it: RBI working paper on 4% inflation targetRediff.com5 Jan 2021
The paper seems to be suggesting strongly that the tight target range be maintained even as the central bank is all set to miss the target range for three consecutive quarters because of the Covid crisis.
'Under him, the RBI delivered strong, timely, and decisive policy initiatives'Rediff.com2 Jan 2021
Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.
Frauds decline in banking system as RBI increases supervisionRediff.com31 Dec 2020
According to the Trends and Progress Report of the RBI, 98 per cent of frauds in terms of value were related to loans, and their occurrence was spread over several previous years.
Why RBI wants rupee to remain weak for some more timeRediff.com24 Dec 2020
The RBI governor is focused on growth, and keeping rupee slightly depreciated is part of that 'Atmanirbhar Bharat' strategy.
The famous five taking on shady Chinese lending appsRediff.com27 Oct 2020
A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even bodily harm if the money was repaid. Anup Roy reports.
States' borrowing: Market fatigue is getting evidentRediff.com2 Oct 2020
The spreads between state development loans and equivalent-maturity government papers have started widening, and market participants don't expect them to contract anytime soon. The rise in spreads is a direct measure of market displeasure than a rise in yields.
GST compensation row: FM's 'act of God' can be a nightmare for RBIRediff.com7 Sep 2020
The central bank is the money manager of the government, and not a guarantor of any debt.
'Sashi' has large shoes to fill as HDFC Bank's new bossRediff.com13 Aug 2020
Apart from navigating the bank through the Covid crisis, Jagdishan may also have to deal with the latest development on the auto loan lending practice scam. He will be expected to deliver consistent profit growth of 20 per cent-plus quarter after quarter, irrespective of the operating environment.
RBI's curb on current account use may hit private banksRediff.com11 Aug 2020
Move can also bring a huge change in the way business is done in India, where firms use multiple current accounts, often for even individual projects, making them difficult to monitor.
Why demand for cash could rise despite digitisationRediff.com20 Jul 2020
For the first time, the value of card and mobile payments of Rs 10.57 trillion was more than ATM withdrawals of Rs 9.12 trillion in Q4 of fiscal 2019-20. In the months of lockdown, the gap may have widened further, but cash could be back in vogue when the situation normalises.
Why the trade surplus is really nothing to rejoice overRediff.com18 Jul 2020
Economists caution that the underlying cause could be an alarming drop in demand -- something that's not good for economic growth.
Govt to discontinue 7.75% taxable savings bonds schemeRediff.com28 May 2020
The bonds were available for seven years. Since these were not traded in the secondary market, redemption took place at maturity.