economy

The Reserve Bank will conduct open market operations (OMO) Thursday to purchase government bonds to infuse liquidity of Rs 10,000 crore.

'Vigorous' inflation recovery still needs low rates: ECB's Draghi Sep 24 2018 | 1 hrs ago

The recovery in inflation expected by the European Central Bank is conditional on market interest rates staying low through the summer of next year, ECB President Mario Draghi said.

German banks hoarding more cash, ECB says Sep 24 2018 | 2 hrs ago

Banks in the euro zone, and in particular Germany, are hoarding increasing amounts of cash to avoid the European Central Bank’s punitive charge on excess liquidity, the ECB said in a research bulletin article.

Bonds weaken, call rates turn higher Sep 24 2018 | 3 hrs ago

Government bonds (G-Secs) weakened on selling pressure from banks and corporates, while, the overnight call money rates turned higher due to good demand from borrowing banks amid tight liquidity in the banking system.

BofAML ups CAD forecast to 2.8% in FY19 on rising crude prices Sep 24 2018 | 5 hrs ago

Expecting oil prices to slide further, Bank of America Merrill Lynch (BofAML) Monday widened its current account deficit (CAD) estimate by 0.20 per cent to 2.8 per cent of GDP for fiscal year 2018-19.

Currency in circulation slows down since May, RBI selling dollars: Report Sep 24 2018 | 7 hrs ago

The CiC, which increased exponentially after the note ban in November 2016 under which as many as 99.9 per cent of them returned to the system, has seen some slowdown in expansion since May this year likely due to higher fuel prices and Reserve Bank's intervention in forex market.

French watchdog says GDP, deficit forecasts in 2019 budget are 'plausible' Sep 24 2018 | 7 hrs ago

French government’s economic growth and public deficit assumptions underlying its 2019 budget are “plausible”, France’s independent fiscal watchdog said.

German banks hoarding more cash, ECB says Sep 24 2018 | 8 hrs ago

Banks in the euro zone, and in particular Germany, are hoarding increasing amounts of cash to avoid the European Central Bank’s punitive charge on excess liquidity, the ECB said in a research bulletin article.

Govt steps to boost capital inflow unlikely to reverse Rupee slide: Moody's Sep 24 2018 | 12 hrs ago

The five-pronged strategy announced by the government to increase capital inflow into the country is unlikely to reverse the rupee depreciation, Moody's Investors Service said.