SEBI panel proposes direct listing of Indian firms on foreign bourses; market regulator seeks public opinion
Indian firms can list their debt securities directly on international exchanges through a security instrument known as 'Masala Bonds'.
At 74 and down 26% since 2014, the rupee is not having a 'golden run'; the Piyush Goyal school of economics is a cruel joke
By pretending that there is no rupee crisis doesn’t mean there is none. The problem is real.
The rupee has depreciated more than 10 percent against the US dollar since January 2018 and was at Rs 72.1 against the dollar as of 21 September.
Curb on imports soon to bring rupee to 68-70 level, says DEA secretary; terms 12% slide in currency 'temporary phenomenon'
The fall in rupee has shot up oil import bill for the world's fastest-growing oil user by 76 percent to $10.2 billion in July.
NSE and LSEG agreed to explore launch of ELITE -- LSEG's business support and capital raising initiative for small and medium enterprises -- in India in 2019
The Reserve Bank on Wednesday eased norms for companies in the manufacturing sector to raise overseas funds and allowed Indian banks to market Masala Bonds in line with the government's measures to prop up the rupee.
Sensex drops 505 points, rupee still below 72-mark: Why Arun Jaitley’s Friday pills did not work to cure currency's fever
Markets are not too impressed with the Arun Jaitley's five points rupee saving package for a reason writes @dinesh_unni
Govt moves to arrest rupee depreciation may not drive fund inflows, negative from long-term perspective, says report
The government measures will have a sentimental impact on the market and the rupee trajectory "might not see a full reversal of the appreciation move of the last couple of days", it said.
Govt confident of meeting fiscal target of 3.3% of GDP this fiscal, says Finance Minister Arun Jaitley
Jaitley said the fiscal year that ends in March 2019, will be completed without any spending cuts, adding that inflation remained broadly under control.
Government announces 5 measures to save Rupee: The mess is uglier than it appears; cosmetic measures won't do the trick
the important thing would be to see how the rupee behaves on Monday morning as these announcements are presently a set of guidelines provided by the government.
Govt announces 5 steps to curb rupee depreciation, widening current account deficit; PM Narendra Modi reviews economy
The government on Friday announced an array of steps, including removal of withholding tax on Masala bonds, relaxation for FPIs, and curbs on non-essential imports, to contain the widening CAD and check the rupee fall.
The rating on NTPC will move in tandem with the sovereign credit rating on India
The Reserve Bank today allowed banks to raise funds by floating rupee-denominated bonds in overseas market as part of an additional avenue to raise long-term funds.
Masala bonds offer British Columbia a means to participate in the internationalisation of the rupee and Indian economy
"These measures are intended to further deepen market development, enhance participation, facilitate greater market liquidity and improve communication," an RBI release said.
Moody's Investors Service also said the issue will help determine benchmark pricing for potential issuers including PSUs like IRFC, REC and PFC
In September, Reserve Bank had allowed non-banking finance companies and other corporates to issue masala bonds within the broad external commercial borrowing framework to deepen capital markets and provide these issuers with a way to raise funds abroad without incurring currency risk.
Masala bonds widen the range of investment opportunities for money managers.
As Masala bonds are denominated in rupees, foreign investors will be taking currency risk.
Legislative amendment in this regard will be proposed through the Finance Bill, 2016.