The Central government has started the process of borrowing with the launch of sovereign gold bonds in consultation with the Reserve Bank of India on Wednesday.
Money Market
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PMC Bank: Eighteen Months Later, RBI Works On Lone Option For Resolution
PMC Bank: Eighteen months after the Reserve Bank of India placed Punjab And Maharashtra Cooperative Bank Ltd (PMC Bank). under restrictions, the regulator’s options to resolve the insolvent lender have dwindled.
RBI Bond Buying Pledge Seen Only Giving Short-Term Market Relief
RBI Bond: The Reserve Bank of India’s pledge to buy as much as 1 trillion rupees ($13.4 billion) of bonds this quarter has sent a wave of relief through the sovereign debt market. However, some say the move may be insufficient in the face of the nation’s near-record borrowing plan.
RBI, Sebi seek time to file response in Yes Bank AT1 bondholder case
The Bombay high court has granted time to the Reserve Bank of India (RBI) and market regulator Securities and Exchange Board of India (Sebi) to file responses in a petition filed by individual holders of Yes Bank AT1 bonds.
Nokia Cuts Up to 10,000 Jobs as Race to Dominate 5G Heats Up
Nokia Oyj will cut as many as 10,000 jobs in the coming years so it can invest more in the race to win orders for 5G networks.
Will interest rates rise in 2021? Powell Says No Rate Hike, No Taper
Will interest rates rise in 2021? Powell Says No Rate Hike, No Taper. Investors sold U.S. dollars after Federal Reserve Chairman Jerome Powell made it very clear on Tuesday that there will be no interest rate hikes or tapering in the foreseeable future.
Asian Stocks Dip as China Pares Rally; Oil Climbs
Asian stocks slipped and Chinese shares pared a rally Thursday as traders weighed the implications for equities of the recent jump in Treasury yields. Crude oil extended its advance after a cold blast disrupted U.S. output.