Edition:
India

Suvashree Choudhury

21 Apr 2017

India benchmark bond yield at seven-month high; rate hike fears rise

MUMBAI India's benchmark 10-year bond yield rose to its highest in seven months on Friday after minutes of the central bank's rate-setting committee meeting contained strong warnings on inflation, dimming hopes of a rate cut in the short term and sparking bets for a tightening move instead.

13 Apr 2017

State Bank of India sees profit boost in three years after bank units merged

MUMBAI The head of State Bank of India , the country's largest lender, said she expects a boost to annual profit of as much as 30 billion rupees ($465 million) in three years on cost and efficiency gains from the absorption of associate banks.

07 Apr 2017

RBI moves to cut system's excess cash to help contain inflation

MUMBAI The Reserve Bank of India surprised markets on Thursday by raising a secondary rate while holding the key rate steady, a move to help mop up liquidity and signal its worries about a potential spike in inflation.

04 Apr 2017

Preview: RBI seen holding rates, not pulling another surprise

MUMBAI The Reserve Bank of India has pulled surprises at its last three policy meetings, so another can't be ruled out at Thursday's review, but analysts uniformly expect no change in interest rates.

03 Apr 2017

India 10-year benchmark bond rallies on repo squeeze

MUMBAI India's benchmark 10-year bond rallied to its highest level in two months, as traders who had shorted the debt rushed to cover positions by buying the paper in spot markets after being unable to secure them through the inter-bank repo market.

03 Apr 2017

Indian markets bet on a hands-off RBI and stronger rupee

MUMBAI/NEW DELHI The Reserve Bank of India's mysterious tolerance of a stronger rupee has completely upended market expectations, with traders who once braced for record lows becoming their most exuberantly bullish since Narendra Modi was elected Prime Minister in May 2014.

29 Mar 2017

Foreign stock investors race to India ahead of tax changes but inflows seen slowing

MUMBAI Foreign investors are set for their biggest monthly purchases of Indian equities in four years in March, but analysts expect inflows to moderate after a major overhaul of tax rules kicks in on April 1.

23 Mar 2017

Finance ministry calls banks to discuss new facility to drain cash

(Corrects to clarify "Finance ministry" instead of "Finance minister" in the headline)

15 Mar 2017

Indian stocks hit record high, rupee rallies on Modi's election in Uttar Pradesh

MUMBAI/BENGALURU The Nifty rose as much as 2.1 percent to a record high while the rupee hit a 16-month peak on Tuesday, as a big win for Prime Minister Narendra Modi's party in a key Indian state election was seen bolstering his economic reform agenda.

12 Mar 2017

Markets set to gain after Modi's landslide victory in Uttar Pradesh

MUMBAI Indian shares, bonds and rupee are likely to gain when trading resumes on Tuesday as Prime Minister Narendra Modi's landslide victory in Uttar Pradesh is seen as an endorsement of his economic reform agenda.

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