Le Borse asiatiche a ranghi ridotti chiudono in terreno positivo. Gli investitori guardano
all'andamento delle campagne di vaccinazioni mentre si è in attesa della riunione della Federal
Reserve nel corso della settimana. (ANSA)
PETALING JAYA: Malaysia's daily screening rates for Covid-19 follows the World Health Organisation (WHO) benchmark, which sets the bar for "adequate testing" to at least 10 negative tests for every positive test.
Sensex falls marginally, 10-year yield unchanged
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Sensex falls marginally, 10-year yield unchanged
TNN / Updated: Jun 5, 2021, 06:51 IST
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MUMBAI: The RBI’s decision to revise downward India’s economic growth for the current fiscal to 9.5% from 10.5% impacted investor sentiment on Dalal Street, but the negative sentiment was balanced out by the central bank’s unchanged inflation outlook and the liquidity support. As a result, the sensex on Friday closed 132 points lower at 52,100 with banking and financial services stocks mainly contributing to the day’s loss.
According to Gaurav Dua of Sharekhan, the RBI reaffirmed its commitment to support economic growth as long as necessary while ensuring inflation remains within the 2-6% target range. “The moderation in real GDP estimate to 9.5% from 10.5% to factor in the impact of the second wave of pandemic is also in line with expectations. No wonder, the bond yields have not reacted ma
Analysts said a cut in the GDP growth forecast for FY22 is all likely. To give growth a chance, the six-member MPC is expected to maintain the status quo on the policy rate and maintain an accommodative stance, despite the prevailing inflation worries, they said.
High government cash balance likely to limit additional borrowing
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The fears of additional borrowing due to GST shortfall may not be as substantial as bond dealers anticipated initially. Any large additional borrowing announcement would have triggered a spike in the yields. This time it didn’t.
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Lockdowns may have dented the government s revenues, but there s a positive side too.
The central government s cash balance with the Reserve Bank of India was estimated at Rs 4.2 lakh crore in the week ended May 21, according to QuantEco, a Mumbai-based research firm. This was the highest since demonetisation, cooling fears that market borrowings may not spike.