Investments of some Russian funds in select securities that were permitted in a specific way are said to have reduced over a period of time indicating that funds are moving out of such securities, mostly short-term Treasury Bills, said market traders.
Four top European banks, which also play key custodian roles in the local sovereign debt trade, have sought the Reserve Bank of Indias (RBI) go-ahead for a third-party transaction model to break the impasse involving their home authorities and domestic policymakers over audit oversight rights.
"There was a meeting last month between the heads of four European banks and top RBI officials. The banks have sought the RBI s approval on the proposed third-party model because there is no established rulebook for this kind of arrangement," a source aware of the developments said.
RBI approves dividend of Rs 2.11 lakh crore to government for FY24 aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
RBI approves dividend of Rs 2.11 lakh crore to govt for FY24 financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.