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The newly-appointed Governor Raghuram Rajan said on Wednesday Reserve Bank of India will offer a window to banks to swap the fresh FCNR-B dollar funds, mobilised for a minimum tenor of three years and over, at a fixed rate of 3.5 per cent per annum. According to Bank of America Merrill Lynch, "the move should fetch $8-10 billion", adding that the move would help in shifting rupee risks away from NRIs at a time of extreme volatility.
At a time when major economies have increased spending, India will have to do the same.
Sahara accuses Mirach Capital of cheating, forging bank letter.
The budget has strong growth impulses and response of the economy is positive.
Demonetisation impact, earnings growth, central bank policies will get attention.
BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
The US market regulator Securities and Exchange Commission was doing what it could to stem the flow. It temporarily prohibited naked short-selling in the securities of major financial players including Freddie Mac and its sister firm Fannie Mae in July. But this didn't really help. It was only after global central banks pumped in unprecedented liquidity into global markets, that the storm was finally calmed.
Analysts are expecting inflation to fall further in October and November on base effect. Inflation measured by consumer prices has been trending down for over four months, and came in at 6.7 per cent in September.
Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares.
After a delayed start, the monsoon is advancing steadily.
Strategic direction post-COVID-19 and further details on asset monetisation are key expectations from the 43rd AGM of RIL, analysts said.
Despite a slowing economy, the Budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
This was the fifth consecutive quarter when the Indian markets have seen positive flows from FIIs.
With the 'busy credit season' which witnesses a spurt in loan demand going up, it would be good to lower the rates ahead of it
Companies have activated a comprehensive pandemic response plan with requisite risk mitigation protocols for keeping networks working as telecom is an essential service.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
A below-normal monsoon can bring down India's GDP growth by 0.50-0.75 per cent this financial year, forcing the Reserve Bank to delay rate cuts to 2015, Bank of America-Merrill Lynch (BofA-ML) said.
Global growth expectations have slumped to a five-month low.
Sahara said it has initiated legal action against Mirach Capital.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
Pressure has been mounting on the Reserve Bank of India to cut interest rates in the wake of declining retail inflation and the need to fuel growth momentum. However, the RBI will have to do a tightrope walk as globally interest rates are inching upwards.
Here are 10 global and domestic factors.
Though valuations have moderated, they are still above average.
However, some experts also feel that there is a case for front-loading of interest rate cut to give a push to the economy
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
In the mid-quarter review on December 18, the Reserve Bank left key policy rates unchanged but said it will hike interest rates if inflation does not subside.
The Reserve Bank may cut key interest rates as early as this week.
Brokerage firm Bank of America Merrill Lynch (BofA-ML) on Monday said the ongoing US government shutdown is positive for the country, as it gives additional time to recoup the forex reserves.
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
The American brokerage firm said it expects the rate cut to happen only in December if the monsoons normalise to cool down inflation or early 2015 in case prices rise prolongs.
Raising concern about over-dependence of Indian capital markets on foreign institutional investors, eminent banker Deepak Parekh has said that something needs to be done to change this pattern.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
Vishal Sikka said such a plan is on the anvil.
Hailstorms may cause Rs 12k-cr crop damage, El Nino a bigger worry.
RIL's standalone net profit rose one per cent quarter-on-quarter
Merrill Lynch jumps to first from 7th last year in a smaller market; says its focus is larger deals and clients.
They believe that the key reason behind such a high growth rate could be "a steep downward revision" of the year-ago base period.
In the past two weeks China has cut interest rates.
BlackBerry has signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence, it said in a statement.
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