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