Back in the December monetary policy announced by the RBI, there was special mention of the banks shifting to an external benchmark for pricing loans. This was part of the policy statement and was expected to make a big difference in the way banks price Read more [...]

In the last week of March, the RBI introduced the new concept of dollar swap auctions in the Indian money markets. The first issue of dollar swaps attracted buying interest of $16.3 billion against the offer size of $5 billion. That surely means that Read more [...]

For the third time in succession, the proposed BREXIT deal was rejected by the British Parliament. Theresa May counted on a mix of Conservatives, North Irish party and Labor dissidents to help the BREXIT deal sail through. In fact, Theresa May had even Read more [...]

Rate cut hopes are back in the Indian bond markets. Economists and bond traders are already factoring in a 25 basis points repo rate cut in the April monetary policy which the MPC is expected to announce in its April 04th policy decision. The survey conducted Read more [...]