RBI FLOATING RATE BONDS
RBI injects Rs 25,000 cr via VRR route to boost system liquidity
The RBI injected funds worth Rs 25,000 crore via a variable rate repo auction (VRR) to ensure that recent overseas outflows from local debt and equity do not drive up banks' cost of funds, analysts said. This is the second such auction that the RBI has conducted post its change in stance to neutral from withdrawal of accommodation.
RBI purchases $9.6 billion in September to curb rupee's appreciation amid Fed rate cut buzz
The Reserve Bank of India (RBI) purchased a significant $9.6 billion in September to curb the rupee's appreciation amid strong foreign investment inflows. This intervention, aimed at managing volatility, has led to the rupee being overvalued compared to its trading partners, potentially impacting export competitiveness despite recent export growth.
Retirement planning: How to invest to get Rs 1.75 lakh per month after retirement
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
SBI raises $500 million in five-year dollar bonds
Issued under Regulation-S, the bonds will be listed on the Singapore Stock Exchange and the India International Exchange at GIFT City, with settlement scheduled for November 25, the lender said in a regulatory filing on Monday.
With the Trump administration for next four years, should Indian investors rethink their strategies?
Trump 2.0 is largely expected to play out in a similar vein as his previous stint at the helm. The US is likely to break away from traditional ways of governance and policy-making, charting a different path than the rest of the world. Investors can expect a lot of chatter surrounding the Trump administration over the next four years. Find out why you should ignore short-term noise and focus on long-term goals.
New star in bond market
Non-convertible debentures (NCDs) are gaining traction in India's evolving bond market. Regulatory reforms, particularly mandatory listing, enhance transparency and liquidity, attracting investors seeking stable returns. While concerns about potential delisting and funding shifts exist, measures like institutional allocation mandates and the appeal of NCDs over traditional fixed deposits are driving market growth.
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Sovereign Gold Bond: Final redemption price of SGB 2016-17 Series III announced; check details
SGB 2016-17 Series III final redemption: The Sovereign Gold Bond (SGB) must be repaid eight years after its issuance. Therefore, the ultimate redemption date for this tranche will be November 16, 2024.
Donald Trump's win to cause market volatility, but RBI's key official is hopeful
Donald Trump's election as US President will cause short-term volatility in financial markets, RBI Deputy Governor T Rabi Sankar said. However, India is well-positioned to handle this volatility, he added. Significant funds are expected to flow into India due to its inclusion in global index funds.
RBI can handle forex swings well: Deputy Guv Rabi Sankar
RBI Deputy Governor Rabi Sankar expressed confidence in India's ability to navigate potential market volatility stemming from the Trump presidency. Sankar highlighted India's robust reserves and sound banking system as key strengths. Additionally, he firmly rejected the European Securities and Markets Authority's demand for oversight of India's bond clearing platform, citing sovereignty concerns.
Rating financial instruments not in Sebi ambit? Get RBI's NOC
These instruments-marketed to financial institutions, private equity houses, corporate treasuries, retail investors as well as fund houses and portfolio management firms-don't come under Sebi's regulatory domain, which is primary regulator for credit rating agencies.
Fundraise through commercial papers falls after RBI warning
Market borrowing by Indian companies for their short-term needs fell in the first half of October from a month earlier, show latest data, likely due to non-banking finance companies slowing down activities with the central bank raising concerns about certain business practices.
India Inc turns to bond derivative trades to hedge against rate risks
Indian corporates, like HSBC and a major IT firm, are adopting bond forward rate agreements to hedge interest rate risks in anticipation of RBI's rate cuts. These moves signify a broader involvement beyond insurance companies, helping develop India's interest rate derivatives market.
Best dynamic bond funds to invest in October 2024
Dynamic bond funds have the freedom to invest across securities and maturities depending on the outlook of the fund manager. So, when the rates go up, the fund manager might bet on short term securities as a rate hike will marginally impact them. When rates start falling, he will invest in long-term instruments to make money.
Highly rated corporates gain Bond Street Cred
Yields on a 10-year AAA corporate bond are now below 7.20%, while the 10-year government security (G-sec) yields 6.82% on a semi-annual basis, or 6.94% annualised.
No foreclosure, pre-payment charges on loans to MSEs
"While positive for customers, the RBI's move will have a negative impact on the profitability of lenders, and could also potentially increase the loan prepayments and balance transfer."
RBI shifts to neutral policy, Bond Street 'accommodates' the stance
The yield on the most liquid 10-year government bond closed at 6.77% on Wednesday, five basis points lower than the previous close. Bond prices and yields move inversely. A fall in government bond yields brings down the cost of borrowing across the economy as sovereign debt is the benchmark used to price corporate debt.
FY25 gold bond float target may be cut again to below ?10,000 cr
The government is considering reducing its gold bond float target for 2024-25 to below ?10,000 crore, citing unfavourable market conditions and high borrowing costs. The record ?28,240 crore raised in 2023-24 through gold bonds has triggered a cost-benefit analysis, as investors flock to gold amid geopolitical tensions.
Rupee ends flat, forward premiums drop after RBI shifts policy stance
The Indian rupee ended flat on Wednesday while dollar-rupee forward premiums declined after the Reserve Bank of India kept its benchmark rates unchanged but tweaked its policy stance to "neutral", opening the door for rate cuts.
Bond bulls bet on RBI¡¯s dovish turn for rally to extend
Traders anticipate a potential shift to a neutral stance by the Reserve Bank of India on Wednesday, with expectations of dovish signals possibly driving yields down further. Foreign inflows and a rate cut by the US Federal Reserve boost optimism, despite geopolitical tensions and the RBI's cautious approach.
Revised TDS rates from October 1: Here are the new tax deducted at source rates on various transactions
Revised TDS rates from October 1: The Finance Bill has ratified several important proposals from the Union Budget 2024, including revised TDS rates effective October 1, 2024.
SGB final redemption: This Sovereign Gold Bond tranche is up for final redemption today
Sovereign Gold Bond: The Reserve Bank of India (RBI) has announced the final redemption of SGB 2016-17 Series II, due on September 30, 2024. The SGB was initially issued on September 30, 2016. It has an 8-year tenure and can be redeemed prematurely after 5 years.
Bond yields likely to soften with FPI inflows, saving interest costs for government
The Centre's gross borrowings for the second half of the fiscal have been fixed at ?6.61 lakh crore with the borrowing target for the entire fiscal being maintained at ?14.01 lakh crore, the central bank said last week. About 77% of the bond issuances will be for 10 years or higher tenure.
Government bond yields likely to soften further by end of the fiscal
Government bond yields in India are expected to soften further by the end of the fiscal year, potentially saving the exchequer Rs 1,000-2,000 crore annually. Increased demand from foreign investors and anticipated RBI rate cuts are key factors. The Centre's gross borrowings for the second half are set at Rs 6.61 lakh crore.
Revised TDS rates, STT, Aadhaar card rules: 6 income tax Budget 2024 changes applicable from October 1, 2024
Budget 2024 tax changes: The 2024 Union Budget introduced some modifications regarding the Aadhaar card, STT, TDS rate, and the Direct Tax Vivad Se Vishwas Scheme 2024. Let's examine the significant tax adjustments that will be implemented starting from October 1, 2024.
Retirement planning: How to get Rs 1 lakh monthly pension after retirement; check investment plan, calculation
How can a senior citizen earn a regular pension of Rs 1 lakh every month after retirement? It requires financial planning ¡ª you need to invest your retirement corpus in a way that can help you with a regular income. Investment choices depend on risk tolerance. Careful financial planning, considering factors like tax efficiency and inflation, is crucial for achieving this goal.
Get 8.05% interest on these RBI bonds: How to buy RBI Floating Rate Savings Bonds online, offline
RBI 8.05% interest bonds: You can invest in RBI Floating Rate Savings Bonds 2020 (Taxable) online and offline using RBI Retail Direct website or bank website or by simply visiting the bank branch. Do note that interest on such bonds is taxable for investors and these bonds offers 0.35% more interest rate than National Savings Certificate (NSC).
Sovereign Gold Bond: RBI announces SGB premature redemption dates for October 2024- March 2025, check details
Sovereign Gold Bonds (SGBs) are government securities that are denominated in grams of gold and are an alternative to holding physical gold. Note that premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds.
RBI Floating Rate Savings Bond interest for July-December 2024 announced: What is the latest interest rate, when will you get it?
RBI Floating Rate Savings Bond interest rate announced: The Reserve Bank of India has notified the interest rate of RBI Floating Rate Savings Bond (FRSB) 2020 (Taxable) from July 1 to December 31 2024. As the name suggests, the interest rate of RBI Floating Rate Savings Bonds 2020 (Taxable) is not fixed. The interest rate on RBI floating rate savings bond is reset twice in a year. The interest is payable semi-annually. All you need to know about the latest interest rate of RBI Floating Rate Savings Bond and how you will get it.
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