Rupee crashes past 95/$, logs worst annual fall in 14 years
The Indian Rupee experienced a significant drop, breaching the 95 per dollar mark. This marked the steepest decline in 14 years, with the last month being particularly challenging. Despite early gains, strong dollar demand from oil companies and importers pushed the currency to record lows. The Reserve Bank of India intervened to help the rupee […]
Lending rates fall some more, private banks lead push
Fresh rupee loan rates dipped in February, with private banks leading the decline. However, public sector banks increased their lending rates. The easing on outstanding loans has been slower, despite significant repo rate cuts by the RBI over the past year.
India’s invisible receipts grow 56% to $464.189 billion in April-Dec period
India’s inward receipts from international trade in services, incomes, and remittances surged by 56% to $464.189 billion in the first nine months of FY26, significantly bolstering the country’s balance of payments. The services sector, contributing two-thirds of total receipts, saw a 9% increase to $310.242 billion, driven by telecommunication, computer, and information services.
US Stock Market | Wall Street indexes mostly fall as Iran war widens
Indian stock markets reacted to global events on Monday. US President Donald Trump’s statements on Iran and the escalating Middle East conflict caused uncertainty. Oil prices surged, raising inflation fears. Technology stocks faced pressure. However, comments from Federal Reserve Chair Jerome Powell offered some support. Financial stocks saw gains following new guidelines for retirement plans.
Yield tops 7%, banks stare at bigger MTM losses
Banks face significant treasury losses as the 10-year yield surged past 7%. This unexpected jump impacted rupee and bond markets. Traders are cautious, adjusting to a new reality of prolonged conflict and potential inflation. The market now anticipates further yield increases with upcoming government security auctions. Banks are preparing for supply in the next financial […]
Bank FD tally in Q3 falls to 2-year low, total deposit base growth also slips
Bank fixed deposit growth slowed to a two-year low in the December quarter. Private banks led deposit collection. This slowdown may increase funding costs for lenders. However, current and savings account deposits saw improved growth. Experts predict a shift back to fixed deposits due to geopolitical events.
F&O trading to get costlier from April 1 as curbs on speculation kick in
Equity derivatives trading faces higher costs from April 1. New government taxes on futures and options will increase trading expenses. The Reserve Bank of India’s stricter lending rules for brokers also take effect. These measures aim to moderate speculation. Trading volumes are expected to decrease, particularly for retail traders. Costs for trading, arbitrage, and hedging […]