THE RESERVE BANK of India's 50 bps cut in the cash reserve ratio to 4.25%, implemented in two phases, may not significantly impact liquidity, as outflows from advance tax payments and goods and services tax are expected to maintain tight conditions.
While the first phase of the cut kicked in on Saturday, things are already looking tough, said market participants. Consequently, the call rates and the tri-party repo rate (TREPS) shot up to 6.80%-6.90% on Monday, which is above the marginal standing facility (MSF) of 6.75%. Earlier, they were in a range of 6.30% to 6.50%, that is, they were at or below the repo rate, which is considered to be the comfortable band for the central bank.
هذه القصة مأخوذة من طبعة December 17, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 17, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
India-Pak ICC matches at neutral venues
THE DEADLOCK OVER the hosting of next year's Champions Trophy finally ended on Thursday when the ICC announced that India will play their matches of the 50-over event at a neutral venue instead of host country Pakistan, which will get a similar arrangement for tournaments to be held in India till 2027.
EU escalates pressure on Apple to open up features to rival firms
THE EU'S EUROPEAN Commission has pressed Apple Inc. to further open up the iPhone operating system to rivals, prompting the company to complain about requests from Meta Platforms Inc. that it says will undermine privacy.
Bollywood's investments in startups decrease sharply to $3.6 mn in 2024
Investments by Bollywood celebrities in startups came down sharply in the current calendar year to $3.6 million against $28.5 million last year, data shared by Tracxn showed.
Apple concedes smartwatch market leadership to Huawei
CHANGING DYNAMICS OF WEARABLES INDUSTRY
Hyundai to equip product range with Amaron batteries
HYUNDAI MOTOR INDIA on Thursday said it will equip its domestic product line-up with Amaron's battery technology.
Mumbai and Dubai top travel searches: Report
MUMBAI AND DUBAI emerged as top searches for travel destinations and visa-free travel like Almaty and Kenya became traveller favourites in 2024, a fintech firm One97 Communications - owner of Paytm brand said on Thursday.
State-run firms commit big investments in Bihar
THE BIHAR BUSINESS Connect 2024 summit evinced huge corporate response on Thursday with some top state-run firms making major investment announcements, including the plan to establish a maiden nuclear power project in the state.
HDFC Securities sets Nifty target at 26,482 for 2025
HDFC SECURITIES EXPECTS 2025 to be a difficult year amid high valuations, with the benchmark Nifty 50 index likely to rise up to 26,482 points.
India's job market poised for 9% growth in 2025
RETAIL, TELECOM & BFSI TO LEAD HIRING: FOUNDIT
MPs of ruling alliance, Oppn clash, 2 from BJP in hospital
CHARGES FLY AFTER UGLY SCENES IN PARLIAMENT