ESMA likely to seek board help to resolve stalemate with RBI
The developments come at a time when European banks are shelling out hefty sums as central counterparty exposures for dealing with the Clearing Corporation of India (CCIL), the RBI-supervised organisation which has found itself at the epicentre of the regulatory logjam between the Indian central bank and the ESMA.
FPI ownership of Indian g-secs surges to a record
As of January 18, foreign funds owned 21.2%, or ₹10,398 crore worth, of outstanding stock of a government bond maturing in 2028, Clearing Corporation of India data showed. The bond, which has an outstanding stock of ₹49,000 crore, is among the most liquid in the secondary market.
FPI selloff in HDFC could boost weight in MSCI index
Shares of HDFC Bank fell nearly 13% in the last two trading sessions. About 17 crore shares changed hands on Wednesday and Thursday compared to an average of 1.2 crore shares traded between January 1 and 16.
FPIs breaching exposure levels to reveal ODI holder details
ODIs, often loosely called participatory notes, are issued by FPIs (against underlying securities in India) to offshore investors who bet on Indian stocks without registering themselves with the Securities & Exchange Board of India (SEBI).
Vulnerability to climate change making food inflation structural: RBI economists
“Per contra, if monetary policy chooses to neglect a persistent food price shock, inflation expectations become unanchored, leading to generalised inflation,” wrote Deputy Governor Michael Patra along with central bank economists Joice John and Asish Thomas George in the RBI’s January Bulletin. The views expressed are personal.
Indian economy poised to sustain growth momentum: RBI report
The State of the Economy report of the central bank said that inflation needs to align with the target by the second quarter of the year and get anchored there to achieve 7% GDP growth in FY25. RBI in its December 2023 policy projected inflation measured by Consumer Price Index to be at 4% in […]