BONDS, CURRENCIES & COMMODITIES


Moneylife Digital Team 07 May 2024
Allaying concerns about the digital currency posing a risk to banks’ business models, Reserve Bank of India (RBI) governor Shaktikanta Das says RBI is working on making the central bank digital currency (CBDC or e-Rupee) transferable in the off-line mode while introducing programmability...

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Moneylife Digital Team 05 April 2024
The Reserve Bank of India (RBI) has decided to launch a mobile app for its retail direct portal, which will allow investors to invest in different types of government securities (G-Secs), such as central government bonds, state government bonds, and treasury bills through their mobile devices....

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IANS 11 January 2024
The US Securities and Exchange Commission (SEC) has finally approved a number of spot Bitcoin exchange-traded product (ETP) shares and with the decision, the world's largest cryptocurrency has joined the global financial system.   The decision will make around a dozen spot Bitcoin...

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IANS 09 January 2024
Government of India bonds are likely to get a further boost with global financial advisory firm Bloomberg proposing their inclusion in its index, a development that comes close on the heels of JPMorgan’s decision to include these bonds in its global index from June 2024.   "Following...

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Moneylife Digital Team 04 January 2024
Although the Reserve Bank of India (RBI) says that Rs2,000 notes continue to be a legal tender and currency and can still be exchanged, it has placed a nightmarish process to exchange notes after September. RBI announced the withdrawal of Rs2,000 notes in May circulation as part of its 'Clean...

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IANS 27 December 2023
The Reserve Bank of India (RBI) has come out with a set of new draft norms aimed to simplify and rationalise the authorisation of money changers for facilitating foreign exchange-related services.   The review of the extant licensing framework aims to meet the emerging requirements of...

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IANS 24 November 2023
The Reserve Bank of India (RBI) on Friday added 19 entities/platforms/websites to its Alert List of unauthorised forex trading platforms from which people need to stay away as they are illegal.   These entities are neither authorized to deal in forex under the Foreign Exchange...

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Outside of hardcore market participants, not many people are aware of an ongoing crash in one of the largest markets in the world—the US bond market. Since March 2020, the 10-year US treasury bond has crashed by 46%, while the 30-year bond has plunged by 53%. It is important to note that this...

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IANS 28 September 2023
The Central government for the first time will sell 50-year bonds to meet the demand for longer dated securities from the country's life insurance and pension fund segments.   This comes as a major development in the country’s financial sector as a fast-growing middle-class looks for...

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Moneylife Digital Team 22 September 2023
In a major development, JP Morgan Chase & Co has decided to include Indian government bonds in its global diversified index-emerging markets (GBI-EM GD) from June 2024 which will, likely, attract more foreign flows into the domestic debt market.    In a release, JP Morgan says, "India...

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Definitions first:   Cash cow = a fully paid investment which keeps producing a steady cash flow without any further outgo of money.   Invisible = remittances from abroad, i.e. payments with no goods or services involved.   Let me explain.   An average...

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IANS 06 September 2023
Domestic sugar prices have risen by 3% in the past 15 days to their highest levels in six years, according to industry sources.   Due to shortfall in rains in the sugarcane growing regions, the prices have risen even as the festival season is round the corner, when consumption of...

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Moneylife Digital Team 24 August 2023
While modifying the order of the state commission, the national consumer disputes redressal commission (NCDRC) directed IDBI Bank Ltd to pay Rs1 lakh, the full value of its deep discount bond series-I (issued in 1992), with 9% interest to a bondholder, who did not receive the call notice...

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Amid speculations at emergence of bank notes having a star (*) symbol in the number panel, the Reserve Bank of India (RBI) on Thursday clarified that these are the same as any other legal tender, with the only difference being that in the number panel, a star symbol is added between the...

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In order to ensure adequate availability of non-Basmati white rice in domestic markets and prevent its prices rising, the Centre on Thursday prohibited its export with immediate effect.   However, there is no change in export policy of non-Basmati rice (parboiled rice) and Basmati...

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Moneylife Digital Team 03 July 2023
Almost 76% of the Rs2,000 currency notes withdrawn from circulation by the Reserve Bank of India (RBI) in May have been returned by the public.    According to RBI, out of the total banknotes in Rs2,000 denomination received back from circulation, about 87% is in the form of deposits....

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Moneylife Digital Team 19 June 2023
Market regulator Securities and Exchange Board of India (SEBI) has asked online bond platforms (OBPs) not to sell unlisted securities from their platforms. At the same time, SEBI, while revising Clause 5.2 of the OBP circular, decided to include a few new product categories, such as...

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Moneylife Digital Team 19 June 2023
Market regulator Securities Exchange Board of India (SEBI) has imposed a penalty of Rs87 lakh on 15 for manipulating the price of Kapil Raj Finance Ltd (KRFL) scrip.    In an order, G Ramar, adjudicating officer (A0) of SEBI says, "...the investors have been induced by the misleading...

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Two lawsuits filed this week by the US market regulator—the Securities and Exchange Commission (SEC)—could potentially determine the future of cryptocurrency.   Binance.com, the world's largest crypto exchange, related entities and founder Changpeng Zhao were the target of the first...

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Reserve Bank of India (RBI) has said that in 2022-23 the domestic financial market movements remained orderly, notwithstanding persisting impact of global spillovers during the year.   "Relentless strengthening of the US dollar and aggressive tightening of monetary policy by the US...

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