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GMDC Ltd opens its Regional Office in Delhi New Delhi: Gujarat Mineral Development Corporation Limited has opened itsregional office in New Delhi. Mrs. Arti Kanwar, Resident Commissioner, Government of Gujarat inaugurated this office today at Baba Kharak Singh Marg The initiative to open regional office of GMDC Ltd. in Delhi was taken by its Managing Director, Shri Roopwant Singh, IAS. Gujarat Mineral Development Corporation Ltd. (GMDC) is a Govt of Gujarat owned mining company engaged in mining and mineral processing for over si...
GMDC Ltd opens its Regional Office in Delhi
GMDC Ltd opens its Regional Office in Delhi
Source: PR Agency
10/09/2022 12:01:18 PM
Indian rupee holds on to gains after RBI rate hike  The Indian rupee held on to its gains after the country's central bank on Friday hiked the key interest rate by 50 basis points to cool soaring inflation. The partially convertible rupee closed up 0.3% to 79.23 per U.S. dollar, having jumped to 78.94 in the session. A rebound in the greenback late in the day weighed, with the rupee ending a volatile week little changed. The Reserve Bank of India (RBI) Governor Shaktikanta Das said the monetary policy committee decided to raise...
Indian rupee holds on to gains after RBI rate hike
Indian rupee holds on to gains after RBI rate hike
Source: Reuters
5/08/2022 4:21:16 PM
Benchmark bond yield rises 9 basis bps post RBI hikes repo rate The yield on benchmark government bond yields rose sharply by 9 basis points in the morning trade after the Reserve Bank of India (RBI) announced an increase of the repo rate by 50 basis points. The yield on 6.54 per cent-2032 benchmark government bonds were trading at 7.2434 per cent by 11.50 a.m., as compared to 7.16 per cent close on Thursday. "While the RBI has not changed its GDP/inflation projections or its stance, it increased repo rates by 50 bps as CPI has been above the R...
Benchmark bond yield rises 9 basis bps post RBI hikes repo rate
Benchmark bond yield rises 9 basis bps post RBI hikes repo rate
Source: Reuters
5/08/2022 9:26:11 AM
Analysis-Hong Kong's cheap funding window shrinks as banks feel cash tighten Investors who have exploited Hong Kong's cheap interest rates all year to fund other trades globally are finding that the window is closing as local cash conditions tighten and the city's lenders come closer to raising the cost of borrowing. Cash has fled from Hong Kong dollars this year as small depositors to big money managers search for better returns, or "carry", outside the Asian financial hub, where interest rates have lagged global benchmarks. A dearth of new st...
Analysis-Hong Kong's cheap funding window shrinks as banks feel cash tighten
Analysis-Hong Kong's cheap funding window shrinks as banks feel cash tighten
Source: Reuters
4/08/2022 4:23:58 PM
India`s 10-year bond yield drops on report of rate pause after Friday's decision Indian government bond yields dropped on Thursday, with the 10-year benchmark yield down nine basis points after a media report quoting unnamed banking sources said the Reserve Bank of India (RBI) might pause and be guided by data after Friday's policy decision. The media report did not identify the banking sources. India's 10-year benchmark bond yield was at 7.1665%, as of 0918 GMT. The yield had dropped to 7.1539% earlier in the day after ending at 7.2416% on Wednesday, snappi...
India`s 10-year bond yield drops on report of rate pause after Friday's decision
India`s 10-year bond yield drops on report of rate pause after Friday's decision
Source: Reuters
4/08/2022 3:55:25 PM
State`s 10-year borrowing cost fell over 15 basis points since last week The borrowing cost of states development loans (SDL), with maturity of 10-year, fell sharply by more than 15 basis points since last week following the steep fall in yields on benchmark government bonds. According to the Reserve Bank of India (RBI) data, the 10-year weighted average borrowing cost for states was at 7.65 per cent on August 2, lower than 7.80 per cent in the previous week. Accordingly, the spread between the weighted average cut-off of 10-year SDLs and G-Sec narrowed to less...
State`s 10-year borrowing cost fell over 15 basis points since last week
State`s 10-year borrowing cost fell over 15 basis points since last week
Source: IANS
3/08/2022 2:13:00 PM