Coronavirus Outbreak: RBI announces reduced trading timings for government bond, forex markets from 7 April
The coronavirus outbreak has led to the central bank of India, the RBI to change market timings for the government bond, forex markets, while maintaining the duration of other key banking-related activities
Operation Twist hasn’t quite produced expected outcomes but will RBI’s latest attempt buck previous trend?
A successful ‘Operation Twist’ could mitigate that additional need. Past experience, however, shows that success can be a mixed blessing.
Lenders get into lazy banking as they face slowdown blues, invest greater proportion of deposits in G-secs
The idea behind cutting the SLR is that banks will need to invest a lower proportion of their deposits in G-secs and in the process they will have more money to lend.
On 27 December, the government had stated that it would raise additional market borrowing of Rs 50,000 crore
The alternative is to have central govt breach fiscal deficit target and borrow more from the market, which is being done now
Traders expect bond yields to rise further as state-run banks, usual buyers in secondary market, sit on heavy losses.
"These measures are intended to further deepen market development, enhance participation, facilitate greater market liquidity and improve communication," an RBI release said.
EPFO started investing in exchange traded funds (ETFs) in August last year and has invested Rs 7,465 crore till 30 June, 2016
Over 17,000 employees of the Reserve Bank are on a 'one-day mass casual leave' to protest against the reforms being undertaken by the government at RBI and also to seek better retirement benefits.
Last month, BSE had introduced an 'overnight liquid fund' product on its mutual fund platform, BSE STAR MF.
The Central Government on Friday said it would borrow Rs 2.40 lakh crore from markets in the second half of the current fiscal, Rs 8,000 crore less than the annual estimate.<br />