RBI Holds Rates Steady
Reserve Bank of India maintains benchmark rate at 5.25 percent while the rupee strengthens on falling oil prices and central bank intervention amid bond index exclusion pressures.
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- MARKETIndian bond yields face upside pressure after dovish RBI hold
Traders expect the benchmark 10-year yield to drift higher toward 6.80% as markets digest the central bank's pause and weigh rising oil prices.
Hindu Businessline - MARKETRBI holds rates at 5.25% as India diverges from Asian tightening trend
Governor Sanjay Malhotra signals confidence that oil shocks won't derail growth, contrasting with Bank Indonesia's recent emergency hike.
Hindu Businessline - STATEMENTMalhotra
“in deciding the rate path after attracting about $41 billion through its swap scheme.”
in: RBI holds rates at 5.25% as India diverges from Asian tightening trend - AHEADIndian rupee strengthens to 94.89 on falling oil prices ahead of RBI policy
Currency gains ground as crude costs ease following diplomatic progress between the US and Iran, with traders positioning ahead of the central bank's upcoming rate decision.
Brecorder - MARKETIndian bond market faces pressure after index exclusion; RBI policy decision in focus
Exclusion from a major global index threatens to trigger outflows from Indian government bonds, testing the Reserve Bank of India's ability to stabilize yields ahead of its upcoming monetary policy meeting.
Brecorder - MARKETRupee surges to six-week high as RBI intervention amplifies oil slump
Central bank buying and falling crude costs triggered stop-losses for dollar longs, marking the currency's strongest session since late May.
Hindu Businessline - STATEMENTTraders
“said Dhaval Shah, founder and managing director, De-Risk Forex Consultancy.”
in: Rupee surges to six-week high as RBI intervention amplifies oil slump