01-01-1970 12:00 AM | Source: ICICI Securities Ltd
Weekly wrap-up, 19 – 23 April 2021 - ICICI Securities
News By Tags | #248 #3518

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* Key takeaways from RBI Weekly Statistical Supplement o RBI’s balance sheet stands at Rs 58trn

* Reserve Money grows 18% y/y to Rs 35.5trn

* Deposit growth at 11%; non-food credit growth falls to 5.4%

* Forex reserves at $582bn; LAF liquidity surplus at Rs 4.3trn

 

* Key domestic developments during the week o MPC minutes throw light on shift to state-based guidance

* EPFO adds 12.37 lakh net subscribers in Feb 2021

* RBI allows banks to pay dividend for FY21

* RBI extends higher WMA limit for state governments till 30 Sep 2021 o India's cumulative vaccination coverage stands at 13.54cr

* Govt to distribute free food to 80cr NFSA beneficiaries at a cost of Rs 260bn

* Rabi Marketing Season FY22: 186 LMT wheat, 707 LMT paddy procured

 

* Interesting research published research during the week

* IMF blog dissects rise in US treasury yields; says short-term yields rising due to higher inflation expectations while long-term yields rising due to growth outlook and uncertainty

* Chicago Fed research suggests Biden stimulus won't affect inflation much

 

* Key international developments during the week

* ECB status quo on policy rate, asset purchases

* Eurozone's public debt rises sharply in 2020 o Bank of Canada cuts purchases under quantitative easing

 

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