Finance News

Rates to stay higher, battle against inflation not yet over: IMF's Gopinath Affirming that the fight against price rise is not yet over, IMF’s Gita Gopinath on Tuesday said interest rates are likely to stay higher than during the period immediately after the global financial crisis. There are expectations though that it will come down sometime this year, the International ...

State govts may fix 'guarantees' at 5% of revenue, says RBI group The RBI working group also recommended that besides charging a guarantee fee, states may levy an additional risk premium based on the risk category and the tenor of the underlying loan

RBI panel makes several suggestions on state government guarantees A Reserve Bank working group has suggested that state governments should charge a minimum fee for guarantees extended by them on loans taken by their enterprises, local bodies, and cooperative institutions. Keeping in view the inherent risks associated with the guarantees extended by the state governments on their fiscal health and ...

Shriram Finance to issue over 3 yr dollar denominated bonds: Bankers The funds will be used to support social projects and other activities allowed under the Reserve Bank of India’s external commercial borrowing guidelines, a term sheet showed

Dollar up 0.47%, hits 1-month high amid tempered expectations of rate cut Comments from European Central Bank officials downplaying the idea of early rate cuts overshadowed the outlook for borrowing costs globally

Rupee depreciates 11 paise to 82.97 against US dollar in early trade The rupee reversed its nine-day upward movement and depreciated 11 paise to 82.97 against the US dollar in early trade on Tuesday, tracking a strong American currency against major overseas rivals and subdued equity market sentiment. Some inflow of foreign funds supported the Indian currency which was weighed ...

RBI releases draft framework for fintech self-regulatory organisation The body would work towards strengthening governance standards and addressing the sector’s needs and challenges, the central bank said

Reserve Bank of India likely to withdraw relief to govt-owned NBFCs Substantial time has elapsed since Government owned NBFCs were brought within the ambit of prudential regulations in May 2018

RBI may shift policy stance to neutral by Jun, cut rates by Aug: Nomura The Reserve Bank may shift the monetary policy stance to “neutral” by June and deliver rate cuts starting August this year, a Japanese brokerage said on Monday. Pointing out to softer core inflation ‘or price rise in items excluding food and fuel’ in the data released ...

Bond market sees government adhering to its borrowing target in FY24 The central government has planned a borrowing of Rs 15.43 trillion (gross) for the current financial year, with Rs 6.6 trillion of this total expected in the second half.