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DXY holds steady around 101 mark; investors brace for US jobs report
The dollar index is holding steady on Thursday with all focus on June jobs report for fresh insights into labor market conditions and greater clarity on the Federal Reserves policy outlook. Data released on Wednesday showed private-sector hiring in the US slowed more than expected last month. The dollar index that measures the greenback against a basket of currencies is quoting at 101.08, down marginally on the day. Meanwhile, Federal Reserve Chair Kevin Warsh firmly reiterated the central bank's absolute commitment to its 2% inflation target and maintained strict political independence during his speech at the European Central Bank (ECB) Forum although he declined to give any signal as to what the central bank may do at its meeting later this month.
IRFC OFS opens for retail investors today — All you need to know
The government's divestment drive continues to gain momentum as the IRFC stake sale comes after the recent OFS' in Coal India, Central Bank of India, NLC India, NHPC and General Insurance Corporation of India (GIC).
HDFC Bank board to review findings on Atanu Chakraborty's exit on June 18
HDFC Bank's board meets June 18 to review legal findings on Atanu Chakraborty's concerns. Preliminary reports suggest no governance issues. The board will also seek a three-month extension for interim chairman Keki Mistry, pending RBI approval. Mistry's term ends June 18. The bank awaits the central bank's response on the extension request.
HDFC Bank board to review findings on Atanu Chakraborty's exit on June 18
HDFC Bank's board meets June 18 to review legal findings on Atanu Chakraborty's concerns. Preliminary reports suggest no governance issues. The board will also seek a three-month extension for interim chairman Keki Mistry, pending RBI approval. Mistry's term ends June 18. The bank awaits the central bank's response on the extension request.
Banks pay 7% on dollar deposits as India seeks fresh foreign currency
Indian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new measures to boost capital inflows and support the rupee. This strategy aims to strengthen the currency amidst high oil prices and intense domestic deposit competition.
Dynacons Systems bags Rs 126-cr order from Central Bank of India
Dynacons Systems & Solutions has secured a contract worth Rs 125.88 crore (excluding GST) from Central Bank of India for the expansion of the bank's private cloud infrastructure and deployment of advanced computing platforms.
Dynacons bags ₹126 crore Central Bank of India tech modernisation project
Dynacons Systems has secured a ₹125.88 crore order from Central Bank of India to expand its private cloud infrastructure and deploy NVIDIA H200 Blackwell GPU-based systems to support advanced AI workloads.
Dynacons Systems & Solutions secures project of Rs 125.88 cr
From Central Bank of India
RBI to soon release revised list of upper-layer NBFCs: Governor
The Reserve Bank of India will soon release an updated list of upper-layer non-banking financial companies. This comes as Tata Sons has requested to be removed from this category. The central bank is examining this request. The new list will be finalised shortly. This update is crucial for financial sector regulations.
INR appreciates under Rs 95 per dollar after RBI announces measures to support foreign capital inflows and strengthen forex liquidity
The Indian rupee appreciated 81 paise to close at 94.93 (provisional) against the US dollar on Friday after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. The announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide a sufficient buffer against external shocks. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. The RBI kept its repo rate Steady at 5.25% amid uncertainty owing to US-Iran War. However, it expanded the Fully Accessible Route, or FAR, to include all new 15-year, 30-year and 40-year government security issuances. Due to this, the foreign investors will get wider access to longer-tenor Indian government bonds. This also opens up more room to invest in Indias bond market. The central bank has also ...
RBI announces measures to attract foreign capital
The Reserve Bank of India (RBI) has announced few measures in order to attract capital flow. Firstly, for government securities under the Fully Accessible Route (FAR), the central bank is expanding the universe of specified securities by including all new issuances of 15-, 30- and 40-year tenor G-secs. In addition, limits pertaining to short-term investment, concentration and individual securities on FPI investment under the General Route are being removed. These measures along with the tax benefits provided by the government this morning should help attract foreign capital for government borrowing. Second, the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased. Further, the same facility is being extended to all individual Persons Resident Outside India (PROIs) at par with NRIs and OCIs. Third, a facility of concessional forex swap will be provided till 30th September 2026 to incentivize ECBs by PSUs.
Fed’s Powell warns politicizing central bank would erode public trust By Investing.com - Investing.com India
Fed’s Powell warns politicizing central bank would erode public trust By Investing.comInvesting.com India