The recent budget has focused on supporting growth and thereby the government has announced higher than expected fiscal deficit target and gross borrowing. The Finance Minister announced higher than expected government borrowing of Rs 12 lk cr for FY22 and additional borrowing of Rs 80000 cr over the next 2 months which led to a spike in 10-year yield by nearly 18bps to 6.08% at 5 month high. The Governor’s commentary on how actively will they support bond markets to keep a check on rising in long term yield will be crucial for bond markets.
A lot of economists expect RBI policy normalization beginning with first liquidity normalization and some economists see the RBI hiking rates in CY2022. Hence commentary on how comfortable is the RBI with current liquidity surplus and liquidity management will be crucial besides how long will the RBI continue with accommodative stance. CRR now stands at 3% and CRR reversal of 100bps is effective from end Mar2021, watch out for will the RBI ex
Karan Veer Mehra And Nidhi V Seth Tie The Knot; See Pictures Of The Newly Wed Couple.
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Pavitra Rishta actor Karan Veer Mehra is a married man now. The actor tied the knot for the second time with actress Nidhi V Seth on the 24th of January. Now, the actor has shared pictures from the wedding on his social media.
The actor had an intimate Gurudwara wedding that was attended by just a handful of guests which included the couple s close friends and family. Sharing some pictures from the wedding, the Pavitra Rishta actor wrote, Happy married life to us .. @nidhivseth . #life #love #married.
Read more about Turnaround hopes for rupee fade over RBI s stance on forex reserves on Business Standard. The rupee is under pressure to rise on heavy foreign inflows
The Reserve Bank of India signaled recently it wont relent on dollar purchases that pushed the currency to the bottom of Asias currency rankings in 2020.
Analysts had forecast for the rupee to rise for the first time in four years on hopes the RBI may slow its foreign-currency accumulation after the stockpile rose to a record.