By Ira Dugal MUMBAI (Reuters) – India’s markets regulator is pushing fund houses to popularise monthly investments as low as 250 rupees, or $3, to expand the reach of equity investing in the world’s most populous country. The Securities and Exchange Board of India (SEBI) is looking to introduce simpler customer identification rules and lower …
India pushes $3 investment plans to deepen reach of equities Read More »
MUMBAI (Reuters) – The Indian central bank was likely selling dollars via state-run banks to support the rupee on Thursday, as the currency declined on the back of dollar bids from importers and foreign banks, three traders told Reuters. The rupee was down 0.1% at 86.48 against the U.S. dollar as of 12:40 p.m. IST. …
Indian central bank likely selling dollars to support rupee, traders say Read More »
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – Dollar-rupee forward premiums declined on Thursday after India’s central bank said it would infuse rupees into the banking system daily, which bankers said would reduce the need to conduct dollar-rupee buy/sell swaps. The Reserve Bank of India on Wednesday said it will conduct variable rate repo …
Dollar-rupee forward premiums dip after India central bank’s liquidity infusion Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Reserve Bank of India’s plan to infuse liquidity into the banking system daily via variable rate repo (VRR) auctions will lead to a drop in overnight interbank and money market rates, as well as near-end overnight index swaps, traders said on Thursday. However, yields on the longer duration government …
Indian central bank’s daily liquidity infusion to aid money markets, traders say Read More »
By Carolina Mandl, Pritam Biswas and Savyata Mishra NEW YORK (Reuters) – Hindenburg Research’s founder said he would disband the firm whose reports sparked heavy selling by investors and investigations by authorities, wiping billions from the market values of companies including India’s Adani Group and U.S.-based Nikola. Nathan Anderson, who started Hindenburg in 2017, cited …
Hindenburg founder to close short-seller behind Adani, Nikola selloffs Read More »
By Anjana Anil and Daksh Grover (Reuters) – Gold prices extended gains on Wednesday, as the dollar dipped after U.S. core inflation data came in softer than expected, abating inflation pressures and rekindling expectations that the Federal Reserve’s easing cycle may not be over yet. Spot gold gained 0.6% to $2,693.63 per ounce by 02:23 …
Gold advances as softer core CPI data revives Fed easing hopes Read More »
(Reuters) – Indian tyre maker CEAT reported a bigger-than-expected fall in third-quarter profit on Wednesday, as higher rubber costs outweighed the benefits of strong demand for replacement tyres. The company said consolidated net profit fell 46.5% to 971.1 million rupees ($11.25 million) for the quarter ended Dec. 31 from 1.81 billion rupees a year ago. …
India’s CEAT misses Q3 profit view on higher raw material prices Read More »
(Reuters) – India’s central bank said on Wednesday it will conduct variable rate repo (VRR) auctions on all working days until further notice amid tight liquidity in the banking system. Liquidity in the country’s banking system stood at a deficit of 2.09 trillion rupees as of Jan. 14, data from the Reserve Bank of India …
India central bank to conduct daily variable rate repo auctions amid tight liquidity Read More »
By Sharafat Ali PAMPORE, India (Reuters) – Tucked in a valley beneath the snow-capped Himalayas of the Indian Kashmir region is the town of Pampore, famed for its farms that grow the world’s most expensive spice – the red-hued saffron. This is where most of saffron is farmed in India, the world’s second-largest producer behind …
Kashmir’s saffron growers experiment with indoor farming as climate pressures mount Read More »
BENGALURU (Reuters) – India’s HDFC Life Insurance reported a 14% rise in third-quarter profit on Wednesday, helped by growth in the sales of retail insurance policies. The company, the first major Indian life insurer to report its quarterly results, said profit rose to 4.15 billion rupees ($48.05 million) for the three months ended Dec. 31, …
India’s HDFC Life posts Q3 profit rise on insurance boost Read More »
