Omos

Omos News

High oil prices pose threat to improvement in CAD in FY20; balance of payment surplus likely: Report
Business

High oil prices pose threat to improvement in CAD in FY20; balance of payment surplus likely: Report

Market participants view the rally in Brent oil prices as "a threat to the improvement in India's FY20 CAD and forecasts for a balance of payment surplus," it stated.

10-year bond yield at over one-year low on fall in oil prices, RBI’s announcement of another round of open market operations
Business

10-year bond yield at over one-year low on fall in oil prices, RBI’s announcement of another round of open market operations

India’s benchmark 10-year bond yield at 7.16%, its lowest level since April 9, 2018. It had ended at 7.23% on Friday.

RBI announces Rs 25,000 cr liquidity injection in May through OMOs, to be carried out in two tranches
Business

RBI announces Rs 25,000 cr liquidity injection in May through OMOs, to be carried out in two tranches

The RBI has been using OMOs through the prolonged period of weak liquidity starting FY19 itself

Rupee spurts 20 paise to end at 7-month high of 69.34 against the US dollar on robust foreign inflows
Business

Rupee spurts 20 paise to end at 7-month high of 69.34 against the US dollar on robust foreign inflows

Rupee in the four sessions to Thursday has appreciated by 80 paise or 0.8 percent on hopes of forex inflows

EPF interest hike by 10 bps is significant: It gives savers higher returns but banks have to walk tightrope now
Business

EPF interest hike by 10 bps is significant: It gives savers higher returns but banks have to walk tightrope now

With the EPF announcing an increase in the rate by 10 bps is significant because the organization belongs to the government

RBI monetary policy meet: Central bank follows the textbook prescription to buy time and react
Business

RBI monetary policy meet: Central bank follows the textbook prescription to buy time and react

Capacity utilisation measured by the RBI's OBICUS survey showed an increase from 73.8 percent in Q1 to 76.1 percent in Q2, higher than the long-term average of 74.9%.

RBI to inject Rs 10,000 cr via open market operations on Thursday; process to help ease tight liquidity situation
Business

RBI to inject Rs 10,000 cr via open market operations on Thursday; process to help ease tight liquidity situation

The OMO by the RBI will help ease tight liquidity situation triggered by a series of defaults by group companies of IL&FS.

RBI to pump in additional liquidity of Rs 40,000 cr in December; auction dates for OMOs to be announced soon
Business

RBI to pump in additional liquidity of Rs 40,000 cr in December; auction dates for OMOs to be announced soon

In October, the RBI had already injected Rs 36,000 crore into the system through OMOs.

Mr Subbarao, why not double the joy with a repo cut next week?
Economy

Mr Subbarao, why not double the joy with a repo cut next week?

A higher-than-expected CRR cut suggests that the RBI may be about to reversing the old inflation focus with a pro-growth stance