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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.
HDFC Securities sees limited impact from RBI's new prop trading rules, expects firms to adapt
Abizer Diwanji, founder of NeoStrat Advisors LLP, pushed back on the idea that the RBI is targeting capital markets directly, noting that market regulation is SEBI's — the Securities and Exchange Board of India's — job, not the RBI's. Instead, he said, the central bank's goal is to prevent bank funding from inflating asset prices in ways that create systemic risk.
US Stock Market: US Supreme Court shields Fed independence, but leaves central bank more isolated - The Economic Times
US Stock Market: US Supreme Court shields Fed independence, but leaves central bank more isolatedThe Economic Times
India Inc eyes more dollar debt as RBI policy support kicks in
Driven by central bank moves in February and June to lower hedging costs and ease rules, local firms are aggressively swapping out rupee loans for offshore funds.
Colombia’s central bank increases rates by 75 basis points - Investing.com India
Colombia’s central bank increases rates by 75 basis pointsInvesting.com India
INR settles lower amid risk-averse investor sentiment
The Indian rupee depreciated by 14 paise to close at 94.65 (provisional) against the US dollar on Tuesday, as a strengthening greenback overseas and risk-averse investor sentiment weighed on the local unit. The dollar index shifted back above 101 mark on Tuesday after a slight pull back below the levels in the previous session. Elevated expectation for a Federal interest rate hike is seen lending consistent support to the greenback. Markets are staying cautious around 101 mark surrounding the United States (US) Nonfarm Payrolls (NFP) data for June, which will be released on Thursday. Markets will also look forward to resumption of US-Iran peace talks in Doha that could help ease inflation concerns. The rupee briefly slipped to 95.55 against the US dollar as per CCIL data, driven by month-end corporate import demand and lingering risk-off sentiment. However, relatively stable global crude prices and anticipated central bank interventions supported the currency and restricted the ...
RBI stress test flags rising NBFC stress, capital buffers to thin by FY27
India's central bank warns of rising bad loans and shrinking capital for non-banking lenders. Stressed assets could hit 2.8% by March 2027, with capital buffers dipping to 20.8% under normal conditions. Worryingly, several NBFCs might breach minimum capital requirements, especially under economic stress, highlighting ongoing regulatory focus on the sector's resilience.
RBI flags AI stock boom as financial stability risk, says Indian banks remain resilient
India's central bank has identified soaring AI stock valuations globally as a financial stability risk, warning of potential market spillovers. Despite this, the Reserve Bank of India asserts that India's banking system remains robust, well-capitalised, and resilient to external shocks. Strong macroeconomic fundamentals and healthy balance sheets in both banks and non-banking financial companies provide a solid foundation, limiting the impact of global financial stress on the domestic economy.
Stock Alert: SWREL, Juniper Hotels, Central Bank of India, Agsonpal Pharmaceuticals, RITES
Juniper Hotels said Tarun Jaitly has resigned from the position of chief financial officer (CFO) of the company.
RBI buyback gets few bids despite cash crunch
The central bank's bond buyback saw a lukewarm market reception, attracting significantly less than the offered amount despite a liquidity deficit in the banking system. Banks held back, anticipating future inflows and preferring short-term papers. Meanwhile, the benchmark 10-year government bond yield dipped to its lowest since March, buoyed by falling oil prices and record overseas portfolio investments.
RBI buyback gets few bids despite cash crunch
The central bank's bond buyback saw a lukewarm market reception, attracting significantly less than the offered amount despite a liquidity deficit in the banking system. Banks held back, anticipating future inflows and preferring short-term papers. Meanwhile, the benchmark 10-year government bond yield dipped to its lowest since March, buoyed by falling oil prices and record overseas portfolio investments.
Russia’s central bank to cut foreign currency sales in second half - Investing.com India
Russia’s central bank to cut foreign currency sales in second halfInvesting.com India