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Swati Bhat

India's cenbank changes tack on forex intervention, focuses on forwards market

11 Oct 2018

MUMBAI India's central bank has changed tack in its foreign exchange intervention policy, increasing its participation in the derivatives market in relation to the spot market in an apparent attempt to avoid a cash crunch in the banking system.

Rupee hits lifetime low, stocks tumble on global markets sell-off

11 Oct 2018

MUMBAI The rupee plumbed new lows and stock markets fell deeper into the red for the year on Thursday, rocked by sell-offs across global markets spooked by escalating global trade tensions and warnings of a growth slowdown.

India surprises by leaving policy rate unchanged, rupee tumbles

05 Oct 2018

MUMBAI The Reserve Bank of India held interest rates unchanged on Friday, condemning the rupee to a record low and surprising analysts who had expected a rate rise to counter inflationary pressures arising from the weak currency and high oil prices.

Rupee hits record low despite suspected intervention; stocks, bonds weaken

04 Oct 2018

MUMBAI The rupee plumbed record lows as global oil prices rose and stocks and bonds weakened on Thursday, heightening speculation that the Reserve Bank of India (RBI) may hike interest rates on Friday more aggressively than earlier expected.

UPDATE 1-Indian rupee hits record low despite suspected intervention; stocks, bonds weaken

04 Oct 2018

MUMBAI, Oct 4 The Indian rupee plumbed record lows as global oil prices rose and stocks and bonds weakened on Thursday, heightening speculation that the central bank may hike interest rates on Friday more aggressively than earlier expected.

Rupee hits record low as high oil prices weigh

03 Oct 2018

MUMBAI The Indian rupee dropped to a record low on Wednesday as a sharp rise in global crude oil prices heaped more pressure on the currency, prompting the central bank to quickly intervene to slow its fall.

India pumps in liquidity; bonds see profit-taking after initial rally

01 Oct 2018

MUMBAI The Reserve Bank of India (RBI) said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.

UPDATE 1-India pumps in liquidity; bonds see profit-taking after initial rally

01 Oct 2018

MUMBAI, Oct 1 The Indian central bank said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.

India pumps in liquidity to ease cash crunch; bond markets rally

01 Oct 2018

MUMBAI, Oct 1 The Indian central bank said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October in its latest attempt to stem fears of a cascading credit crunch, pledging to buy back bonds after the government dramatically reduced its own borrowing by 700 billion rupees on Friday.

Cash rules relaxed for banks as credit crunch fears persist

27 Sep 2018

MUMBAI The Reserve Bank of India (RBI) eased cash requirements for banks on Thursday and said it would provide "durable liquidity", but the relief was short-lived for markets fearful of a credit crunch arising from problems among non-banking finance companies.

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