The RBI had in the past expressed its concerns about allowing foreign investors in short-term paper, because it attracted hot money.
NBFCs are mainly dependent on funding their operation from their own cash flows.
Reserve Bank Governor Raghuram Rajan is widely expected to hold the key rates citing high inflation at the fourth bi-monthly monetary policy announcement on Tuesday, even though the pro-growth lobby has been wishing for a rate cut.
'Many countries believe that if they join BRICS, they will be seen as emerging countries and their stature will be enhanced.' 'G-20 still has common action plans while BRICS does not do that much.'
Between Friday's and Monday's close: Yields on 10-year bonds up 6 basis points, rupee slides 13 paise against dollar, Sensex ends flat
The reason for the stickiness in bond yields can be many, but the most responsible is the liquidity deficit stance taken by RBI, says Anup Roy.
While far from being a currency war, India does not have much of an option but to depreciate to accommodate its exports at a time when China shows its intent to let its currency depreciate.
The immediate concern for the rupee is the sharp spike in oil prices
Four franchises were involved in a bidding war with MI Cape Town making the initial move followed by Paarl Royals. However, towards the end it was Johannesburg Super Kings and Sunrisers Eastern Cape, who fought tooth and nail before the latter made a winning bid of R 9.2 million.
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
Finance minister Nirmala Sitharaman on Wednesday exuded confidence that inflation would further decline and the government is on track to meet its budgetary target for deficit and said that there is no fear of stagflation in India. Replying to the debate on first batch of Supplementary Demands for Grants 2022-23 in Lok Sabha, the finance minister said inflation has come down and it is now in the tolerable band of the RBI. Inflation has been declining since April 2022 and it is declining further, she said.
If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, most currencies suffered against the US unit, with the bulk of the losers belonging to the emerging markets pack. Amid the volatility, the rupee, however, has displayed significant resilience and fared much better than most of its peer currencies.
'Overall, the Indian economy is doing well.' 'Our economic fundamentals are strong and the early signs of recovery are sustainable.' 'This is positive for the market in the long run.'
Any attempt to defang Islamic State must first cut off its main sources of funding, especially its revenue from oil sales, extortion and crime, ransom payments, and support from foreign donors. This will also be need to be backed up by efficient forces on the ground.
'He has led India to wins in the World T20, the World Cup and the Champions Trophy. Which other captain in the world can boast of such a record?' 'And if it is about form, then Virat Kohli isn't in the best of form. Neither is Shikhar Dhawan. So what do you do? Drop them all?'
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
Uber is battling serious backlash from the establishment in several countries.
'If journalism is the first draft of history, then photojournalism is the first draft of its evidence,' Raghu Rai, arguably India's finest living photojournalist, tells Pavan Lall.
'Whatever else may or may not happen, China and its people are likely to pay a very heavy price for the lack of transparency of its Communist regime,' predicts Colonel Anil A Athale (retd).
Investors turned cautious ahead of the US Fed meet outcome later today and July F&O expiry.
Further outperformance hinges on pickup in industrial activity, buying by local investors.
It is important to understand that debt investors are a conservative lot and, in general, most such investments are hedged out of foreign exchange risk to simply earn an arbitrage profit, rather than carry the risk to possibly increase their yield.
When size matters. Just as scotch bottles have become bigger, novels have also become fatter.
United States Secretary of State John Kerry, heading a high-powered delegation of his cabinet colleagues and top military commanders, today left for India as part of his 10-day seven nation Asia trip.
Resident doctors are the engines that run hospitals. For the patient, they are the face, hands, and voice of the hospital.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
This was good enough for Fernandes to hire Chandilya to lead his India business.
Akshay Manwani traces Aamir Khan's fascinating journey to stardom.
A theory that is doing the rounds is that with election nearing, this depreciation of the rupee will allow politicians of all hues to bring back their ill-gotten wealth.
Growth in India will pick up from current levels, says LEO Puri, managing mirector, UTI Asset Management Company.
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