Gold Silver Reports (GSR) – RBI Announces Further Restrictions On Allahabad Bank — Allahabad Bank has been under the RBI’s PCA framework since January 2018. The fresh restrictions placed by RBI on the bank represent a second round of corrective measures.
RBI
Bonds in India Set for Rout on Unexpectedly Hawkish RBI Minutes
Gold Silver Reports (GSR) – The 10-year bond yield may climb by as much as 10 basis points, according to Vijay Sharma, New Delhi-based executive vice president for fixed-income at PNB Gilts Ltd. One-year interest-rate swap rose three basis points Thursday to 6.51 percent, the highest since March 9.
Full Text of RBI’s Monetary Policy Minutes
Gold Silver Reports – Full Text of RBI Monetary Policy Minutes -Worry that rising consumer prices will threaten the Indian central bank’s inflation target of 4% led the majority of the Reserve Bank of India’s monetary policy committee to vote to keep rates steady, according to minutes issued on Wednesday. Here is the full text of the bi-monthly monetary policy statement of RBI’s Monetary Policy Committee.