The central bank should first try and bring down retail inflation to 6% – the upper band of its medium-term target – before modifying the pace of its rate increases Said C Rangarajan, the best-known economist and former governor of the Reserve Bank of India (RBI) Although the central bank does not set a specific…
Foreign portfolio investors (FPIs) changed from being continuous sellers for the previous two months to net purchases in the first week of November in Indian markets, ahead of the critical US Federal Reserve meeting. The FPIs invested $15,280 crore in Indian shares in November in expectation of a possible Fed rate cut and highly adverse…
The global weakness, India’s equity market managed to ignore the US Fed’s aggressive 75 basis point rate hike and finished with a small loss. However, Government Securities (GSecs) took a hit, and the rupee ended the day with less value. According to analysts, the market’s stability was due to significant purchasing by foreign portfolio investors…
The volatility in the global equity markets, the stability of oil prices at $95 per barrel, and the strength of the dollar, the Indian Rupee is likely to remain stable. On Friday, the USDINR pair opened a little higher and is forecast to move in a range of 82.50 and 83.30. Following the US Federal…
Shaktikanta Das, governor of the Reserve Bank of India (RBI), aimed to soothe worries on Wednesday that the Monetary Policy Committee’s explanation to the government on a breach of the inflation target would not be made public. Das claimed that because this was sensitive material, the RBI was not authorized to reveal the contents, but…
In anticipation of the US Fed meeting, the Indian rupee is anticipated to trade range-bound and flat on Wednesday. The USDINR pair is anticipated to trade in a band of 82.45-82.83 throughout the day. In the previous session, the rupee gained value relative to the US dollar as the latter dropped from its high points….
The majority of the manufacturers of passenger vehicles (PVs) recorded double-digit growth over the same month last year, while domestic wholesales (dispatches to dealers) of automobiles maintained their momentum in the festival month of October. The manufacturers predict that the trend will hold in the upcoming months due to the better semi-conductor condition. Market leader Maruti…
The Reserve Bank of India, the pilot for the wholesale use of the digital rupee will start on Tuesday. The trial would involve using the digital rupee to settle secondary trades in government securities, which should improve the efficiency of the interbank market. Settlement in central bank money would lower transaction costs by avoiding the…
Chief Economic Advisor (CEA) V Anantha Nageswaran stated on Monday that India’s economic growth in the upcoming fiscal will probably surpass the International Monetary Fund’s (IMF) prediction of 6.1% because of increased capital formation. In addition, the CEA emphasized the necessity for fiscal consolidation in the Asia-Pacific area in light of the finance ministry’s ongoing…
Last week, the rupee recovered to 82.34 levels after hitting a new record low in the futures market due to the weakening of the dollar and the increase in risk appetite in domestic markets. The expectation that the Fed could pause the pace of rate hikes after its November meeting caused the dollar to lose…
