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RBI swap auction falls shy of target

MUMBAI: The Reserve Bank of India’s (RBI) second attempt to infuse dollar liquidity fell shy of the target, with about half the intended quantum of currency entering the system after the Monday auctions. The dollar swap auction pumped in…

Adani Transmission buys back NCDs worth Rs 125 crore

New Delhi: Adani Transmission Ltd on Tuesday said it has bought back non-convertible debentures (NCDs) worth Rs 125 crore. "The company has bought back 1,250 rated, listed, secured, redeemable, non-convertible debentures having face value…

Covid-19 takes a toll on state bonds

Mumbai: State bonds have started to show signs of stress with the yield differential widening by as much as 100 basis points for some states including Telengana, Maharashtra, Uttar Pradesh and Jammu & Kashmir. While states are looking…

Overseas bond prices of NBFCs plunge up to 50%

Mumbai: Overseas bond prices of non-banking finance companies (NBFC) have nearly halved, potentially raising overseas financing costs for the likes of Muthoot Finance, IIFL Finance, Manappuram Finance, or Power Finance Corp, most of which…

RBI liquidity measures lead to fall in yields

Mumbai: The Reserve Bank of India (RBI) unleashed a Rs 3.74 lakh crore of liquidity on the Indian banking system as it vowed to whatever it takes to support financial markets hit by the spread of an unprecedented health emergency. RBI…

Bond yield falls 8 bps after FM’s presser

India’s benchmark bond yield dipped eight basis points pushing prices up. The gauge Thursday closed at 6.22 compared with 6.30 percent Tuesday. Bond and currency markets were shut on Wednesday due to a local festival. Even as finance…