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India has become a market that you can`t ignore: Global experts India has become a market that you can’t ignore, pushed on by government reforms and a booming tech industry, top industry experts have said.  Speaking at a recent seminar hosted by The Asset in association with Deutsche Bank on the Asia investment opportunity and the post-trade response, they said that five years ago, India’s weighting on the Emerging Market index was 9 per cent.  "It is now over 20 per cent. It is a growth story with a lot of structural posi...
India has become a market that you can`t ignore: Global experts
India has become a market that you can`t ignore: Global experts
Source: IANS
2024-11-17 04:39:45 pm
Dollar underpinned before US inflation data, Fed speakers The dollar edged higher on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package. Highlighting the bleak background in China, data out over the weekend showed consumer prices rose at the slowest pace in four months in October, while producer price deflation deepened. Reports on retail sales and industrial output due on Friday should show whether Beijin...
Dollar underpinned before US inflation data, Fed speakers
Dollar underpinned before US inflation data, Fed speakers
Source: Reuters
2024-11-11 09:04:21 am
Stocks, dollar on tenterhooks with all eyes on US Election Day Stock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge. Oil held sharp overnight gains on delays to producers' plans for increased output, leaving benchmark Brent crude futures at $75.08 a barrel after a 3% rise on Monday. MSCI's broadest index of Asia-Pacific shares outside Japan was flat. Tokyo's Nikkei returned from a holiday and rose ...
Stocks, dollar on tenterhooks with all eyes on US Election Day
Stocks, dollar on tenterhooks with all eyes on US Election Day
Source: Reuters
2024-11-05 08:51:47 am
India`s consumer spending on goods to grow 7 pc in next 5 years India’s consumer spending on goods is worth $1.29 trillion in 2024 and is expected to increase to 7.0 per cent in the next five years, according to a new report.  India’s expansion in electronics has, thus far, followed an assembly-to-component strategy, using tariffs and production-linked incentives to draw investment in the manufacturing of smartphones and other network-connected devices. The sheer scale of sales opportunity in the Indian market has also provided &ldq...
India`s consumer spending on goods to grow 7 pc in next 5 years
India`s consumer spending on goods to grow 7 pc in next 5 years
Source: IANS
2024-11-04 10:44:26 am
Dollar slips ahead of US election and as Fed rate cut looms The dollar slipped in Asia on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields. The euro rose 0.4% to $1.0884 but faces resistance around $1.0905, while the dollar fell 0.7% on the yen to 151.81 yen. The dollar index eased 0.1% to 103.79. Treasury futures rallied 10 ticks, recovering some of the losses suffered on Friday. [US/] ...
Dollar slips ahead of US election and as Fed rate cut looms
Dollar slips ahead of US election and as Fed rate cut looms
Source: Reuters
2024-11-04 08:26:57 am
AI adoption can generate Rs 33.8 lakh cr worth economic value by 2030: Hardeep Puri The potential economic impact of artificial intelligence (AI) is immense and AI adoption can generate Rs 33.8 lakh crore of economic value in the country by 2030, Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Wednesday.   Addressing an event in the national capital, Minister Puri underscored the pivotal role of AI in transforming the energy sector, emphasising that AI is set to revolutionise operations, drive efficiency and accelerate the shift towards a mor...
AI adoption can generate Rs 33.8 lakh cr worth economic value by 2030: Hardeep Puri
AI adoption can generate Rs 33.8 lakh cr worth economic value by 2030: Hardeep Puri
Source: IANS
2024-10-24 09:16:05 am
Oil prices rise more than 1% amid concerns on Mideast tensions Oil prices climbed by more than 1% on Thursday, almost reversing previous session's losses, as Middle East tensions came back into focus ahead of the U.S. election despite a mixed bag of U.S. fuel inventories. Brent crude futures rose 95 cents, or 1.27% to $75.91 at 0302 GMT, while U.S. West Texas Intermediate crude futures climbed $1, or 1.41%, to $71.77 as an exchange of heavy fire between Israel and Hezbollah continued to worry markets about supply. Oil prices have gained nearly ...
Oil prices rise more than 1% amid concerns on Mideast tensions
Oil prices rise more than 1% amid concerns on Mideast tensions
Source: Reuters
2024-10-24 08:51:39 am
Asia shares wobble; bitcoin rallies on 'Trump trade' Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Chinese stocks, but bitcoin scaled a three-month peak as "Trump trades" continued to ramp up. Gold hit another record high on conflict in the Middle East and an extremely close U.S. presidential election, with the yellow metal expected to stay in favour among much global uncertainty. Optimism over Beijing's slew of stimulus measures first announced late in September has turned in...
Asia shares wobble; bitcoin rallies on 'Trump trade'
Asia shares wobble; bitcoin rallies on 'Trump trade'
Source: Reuters
2024-10-21 08:35:36 am
Most Asian shares track Wall Street higher, oil extends losses  Asian stocks were mostly higher on Tuesday, supported by a strong Wall Street close and investor optimism about corporate earnings, while the dollar held near a two-month top, aided by bets on a smaller U.S. rate cut next month. Oil prices are down about 3% after Israeli Prime Minister Benjamin Netanyahu reportedly told the United States that Israel is willing to strike Iranian military targets and not nuclear or oil ones, easing immediate concerns about supply disruptions. [O/R] ...
Most Asian shares track Wall Street higher, oil extends losses
Most Asian shares track Wall Street higher, oil extends losses
Source: Reuters
2024-10-15 08:57:29 am
India 10-yr bond yield to drop to 3-yr low of 6.3% by March, TT International`s executive says  India's benchmark bond yield may drop to levels last in November 2021 by the end of this financial year, on strong foreign inflows and central bank rate cuts, a fixed income official from TT International Asset Management said. "While foreigners have been highly active in local markets, we expect strong flows to continue," said Jean Charles Sambor, head of emerging markets debt at the firm, which managed assets worth $5.5 billion as of September. The fund house, a wh...
India 10-yr bond yield to drop to 3-yr low of 6.3% by March, TT International`s executive says
India 10-yr bond yield to drop to 3-yr low of 6.3% by March, TT International`s executive says
Source: Reuters
2024-10-11 04:38:26 pm
India, South Korea bonds to join FTSE Russell government indexes in 2025 Global index provider FTSE Russell said on Tuesday it would include India's sovereign bonds in its Emerging Markets Government Bond Index (EMGBI) from September 2025, after index inclusion by JP Morgan and Bloomberg Index Services, potentially drawing billions of dollars into local bonds. The London-based index provider also added South Korean government bonds to the FTSE World Government Bond Index (WGBI) after two years on its watch list. South Korean government bonds would repres...
India, South Korea bonds to join FTSE Russell government indexes in 2025
India, South Korea bonds to join FTSE Russell government indexes in 2025
Source: Reuters
2024-10-09 09:42:45 am
India IPO boom: 15 companies submit draft documents in just 1 day As Indian stock markets continue to show robust growth despite global uncertainties, a record 15 companies registered their initial public offering (IPO) documents with the Securities and Exchange Board of India (SEBI) on the last day of September.  This took the total filings for the month to 41 which is the highest-ever IPO document filing in a single month. According to market watchers, the surge in draft red herring prospectus (DRHP) filings happened as audited financials for t...
India IPO boom: 15 companies submit draft documents in just 1 day
India IPO boom: 15 companies submit draft documents in just 1 day
Source: IANS
2024-10-02 03:23:25 pm
JPMorgan to keep growing its operations in India amid robust growth  Bullish on India amid robust growth and positive investment sentiment, American financial services major JPMorgan Chase & Co intends to keep growing its operations in the country.  According to JPMorgan CEO Jamie Dimon, there is a substantial opportunity for the fastest-growing economy in the world from the shift in supply chains from China, though the transition will take several years. Meanwhile, the country needs to further build its manufacturing ecosystem and ensure ...
JPMorgan to keep growing its operations in India amid robust growth
JPMorgan to keep growing its operations in India amid robust growth
Source: IANS
2024-09-24 03:57:17 pm
Carlyle affiliate to sell stake of up to $1.2 billion in Hexaware Tech`s India IPO Carlyle Group affiliate, CA Magnum Holdings, plans to sell shares worth 99.5 billion rupees ($1.2 billion) in the upcoming IPO of Hexaware Technologies, according to draft papers filed on Friday. The U.S.-based private equity giant acquired a controlling stake in the Indian company in 2021, a year after Hexaware was taken private by its former controlling shareholder, Baring Private Equity Asia (BPEA). BPEA had initially purchased its stake in Hexaware in 2013 for about $420 million. ...
Carlyle affiliate to sell stake of up to $1.2 billion in Hexaware Tech`s India IPO
Carlyle affiliate to sell stake of up to $1.2 billion in Hexaware Tech`s India IPO
Source: Reuters
2024-09-07 09:07:17 am
India pips China to become largest weight in MSCI Emerging Market IMI Strong fundamentals have helped India pip China in the MSCI EM Investable Market Index (IMI) to become the largest weight. The world’s fastest-growing economy is also set to surpass China as the top weight in the broader MSCI Emerging Markets index too.  The MSCI Emerging Markets IMI captures large, mid and small cap representation across 24 Emerging Markets (EM) countries. With 3,355 constituents, the index covers approximately 99 per cent of the free float-adjusted market capi...
India pips China to become largest weight in MSCI Emerging Market IMI
India pips China to become largest weight in MSCI Emerging Market IMI
Source: IANS
2024-09-06 10:43:11 am
Citi Appoints Achintya Mangla as Head of Financing for Investment Banking Citi announced that Achintya Mangla will join the bank as Head of Financing for Investment Banking, effective today September 4.   In this newly created role, which will report to Viswas Raghavan, Head of Banking and Executive Vice Chair at Citi, Achintya will assume responsibility for Global Debt Capital Markets (DCM), Equity Capital Markets (ECM), Syndicate and Private Capital Markets to ensure the seamless delivery of capital markets advisory and financing strategies for Citi&rs...
Citi Appoints Achintya Mangla as Head of Financing for Investment Banking
Citi Appoints Achintya Mangla as Head of Financing for Investment Banking
Source: PR Agency
2024-09-05 01:55:08 pm
India working on simplified rules for foreigners investing only in government bonds, official says The Securities and Exchange Board of India is working on allowing simplified registration rules for foreigners investing only in government bonds, an official with the markets regulator said on Tuesday. "For foreign funds investing in only government bonds, given that India's debt has been included in global indices, we are trying to make the registration process for them a lot more easier," said Ananth Narayan, a whole-time member at the Securities and Exchange Boa...
India working on simplified rules for foreigners investing only in government bonds, official says
India working on simplified rules for foreigners investing only in government bonds, official says
Source: Reuters
2024-09-03 06:03:36 pm
SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank of America, Citi, JP Morgan and Morgan Stanley to manage the offer and plans to list on the Indian bourses in the second half of 2025, its Chief Financial Officer Bhavesh Keswani said. The initial public offeri...
SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says
SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says
Source: Reuters
2024-09-03 04:59:08 pm
FPIs buying in Indian debt market as rupee remains stable this year Foreign portfolio investors (FPIs) have increased buying in the Indian debt market because the rupee has been stable this year and the stability is expected to continue, market watchers said on Saturday.  Bulk of the buying that FPIs are doing now are through the ‘primary market and others’ category. In the cash market, they have been consistent sellers because of the elevated valuations. In August, FPIs invested Rs 7,320 crore in equity compared to Rs 32,365 crore in J...
FPIs buying in Indian debt market as rupee remains stable this year
FPIs buying in Indian debt market as rupee remains stable this year
Source: IANS
2024-08-31 03:52:54 pm
Foreign investors infused over Rs 1 lakh crore in Indian debt market in 2024 so far Foreign Portfolio Investors (FPI)  have pumped over Rs 1 lakh crore into the Indian debt market in 2024 so far due to the country’s inclusion in JP Morgan’s Emerging Market Government Bond Indices in June this year.  FPIs remain bullish on the Indian debt market and they have invested Rs 11,336 crore so far in August. According to National Securities Depository Limited (NSDL) data, Rs 1,02,354 crore has been invested by FPIs in the Indian debt market since the begi...
Foreign investors infused over Rs 1 lakh crore in Indian debt market in 2024 so far
Foreign investors infused over Rs 1 lakh crore in Indian debt market in 2024 so far
Source: IANS
2024-08-27 01:44:03 pm
Premier Energies coming with IPO to raise Rs 2900.53 crore Premier Energies   Premier Energies is coming out with a 100% book building; initial public offering (IPO) of 6,44,56,281 shares of Rs 1 each in a price band Rs 427-450 per equity share.      Not more than 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 35% for the retail investors.  ...
Premier Energies coming with IPO to raise Rs 2900.53 crore
Premier Energies coming with IPO to raise Rs 2900.53 crore
Source: Accord Fintech
2024-08-24 03:58:19 pm
Dollar tenses for data verdict on rate cut risks The dollar was in limbo on Tuesday as investors waited to see how U.S. economic data affected the chance of outsized rate cuts, while a rally in Japanese stocks helped staunch the bleeding in yen carry trades. The greenback was idling at 147.17 yen, having briefly touched a one-week high of 148.23 overnight before profit-taking emerged. The euro stood at $1.0931, after creeping higher overnight and nearer to resistance at $1.0944 and $1.0963. The dollar index was flat at 103.08. Prod...
Dollar tenses for data verdict on rate cut risks
Dollar tenses for data verdict on rate cut risks
Source: Reuters
2024-08-13 08:48:20 am
Yen slips, markets brace for US inflation data The yen was a tad softer against the dollar in trading thinned by a Japanese holiday on Monday, with market participants still ambivalent about the odds of a big Fed rate cut next month. The respite follows a tumultuous week that began with a massive selloff across currencies and stock markets, driven by worries over the U.S. economy and the Bank of Japan's hawkishness. Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for...
Yen slips, markets brace for US inflation data
Yen slips, markets brace for US inflation data
Source: Reuters
2024-08-12 08:46:15 am
Gold drifts higher on Mideast tensions, US rate outlook Prices of safe-haven gold edged higher on Thursday, supported by Middle East tensions and optimism surrounding U.S. rate cuts, while traders awaited economic data for clues on the Federal Reserve's policy trajectory. Spot gold was up 0.3% at $2,389.42 per ounce, as of 0331 GMT. U.S. gold futures slipped 0.2% to $2,428.40. Longer-term fundamentals look supportive for gold, which include geopolitical tensions in the Middle East and the downward trajectory of the U.S. treasury yields, ...
Gold drifts higher on Mideast tensions, US rate outlook
Gold drifts higher on Mideast tensions, US rate outlook
Source: Reuters
2024-08-08 09:33:03 am
India swap market traders expect hike in foreign investment limit, treasury officials say Traders in India's derivative market expect an increase in the transaction limit for foreign investors in overnight index swaps (OIS), which four treasury officials said could come as part of the central bank's monetary policy review on Thursday. As of Aug. 6, foreign investors have already used 96% of the current 3.5 billion Indian rupees ($41.70 million) limit available to them. "Various representations have been made (to the RBI) as the utilisation has remained at elevat...
India swap market traders expect hike in foreign investment limit, treasury officials say
India swap market traders expect hike in foreign investment limit, treasury officials say
Source: Reuters
2024-08-07 05:28:44 pm
Yen slides after BOJ official says no rate hikes if markets volatile The dollar was firmer on Wednesday, surging as much as 2% against the yen after Bank of Japan Deputy Governor Shinichi Uchida said the central bank won't raise interest rates when financial markets are unstable. The yen was last down over 1.5% at 146.70 per dollar having touched session lows of 147.50 immediately following Uchida's comments, as investors were still grappling with a massive shakeout in assets at the start of the week driven by recession fears and unwinding of popula...
Yen slides after BOJ official says no rate hikes if markets volatile
Yen slides after BOJ official says no rate hikes if markets volatile
Source: Reuters
2024-08-07 08:42:19 am
Asia stocks extend gains, yen retreats after BOJ talks down rate hikes Asian share markets extended gains on Wednesday led by a bounce in the Nikkei, following the Bank of Japan's unexpected indication of reluctance to further raise interest rates while markets are volatile, which lead to a sharp fall in the yen. The Nikkei's 2% rise followed Tuesday's 10% rally, leading to optimism investors were finding their footing after the recent market rout. The index slumped 13% on Monday. Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Wedn...
Asia stocks extend gains, yen retreats after BOJ talks down rate hikes
Asia stocks extend gains, yen retreats after BOJ talks down rate hikes
Source: Reuters
2024-08-07 08:38:12 am
Stocks routed by US recession risk, bonds bet on rapid rate cuts Share markets tumbled and bonds rallied in Asia on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Investors began where they finished on Friday by knocking Nasdaq futures down 2.27%, while S&P 500 futures dropped 1.41%. EUROSTOXX 50 futures fell 0.6% and FTSE futures 0.2%. Japan's Nikkei shed a staggering 5.5% to hit seven-month lows, marking its bi...
Stocks routed by US recession risk, bonds bet on rapid rate cuts
Stocks routed by US recession risk, bonds bet on rapid rate cuts
Source: Reuters
2024-08-05 09:06:45 am
Foreign banks' purchases of Indian bonds hit record high in 2024 Foreign banks have bought more than $16 billion worth of Indian bonds so far this year, taking only seven months to top the record purchases over the whole of last year, official data showed. The pick-up in activity came in the run-up to the inclusion of India's debt in the JPMorgan Emerging Market index last month and on hopes of better returns since interest rates are set to decline, several traders said. Moreover, the country's banking system liquidity surplus reached a near ...
Foreign banks' purchases of Indian bonds hit record high in 2024
Foreign banks' purchases of Indian bonds hit record high in 2024
Source: Reuters
2024-07-31 04:15:47 pm
Foreign investors unhappy after India restores curbs on some bond purchases Foreign investors see India's decision to return to curbs on purchases of some government securities as a flip-flop in policy that may force them to redraw investment strategies, global fund managers said on Tuesday. Such limits were dropped in 2020 from key liquid government bonds to enable India's entry into global bond indices, but late on Monday, the central bank said new 14-year and 30-year government bonds would be kept out of what is known as the fully accessible route, or F...
Foreign investors unhappy after India restores curbs on some bond purchases
Foreign investors unhappy after India restores curbs on some bond purchases
Source: Reuters
2024-07-30 02:02:11 pm
India’s banks stronger than in the past, fuelling economic growth: RBI deputy chief The Indian financial system is stronger than in the past and the country’s economy is an outlier which is growing steadily even as the global financial system is facing strong headwinds, according to RBI Deputy Governor M. Rajeshwar Rao.   “If we exclude post-COVID rebound in 2021-22, India's real GDP growth in 2023-24 surged to its highest since 2016-17, surpassing expectations. The period marked a shift in growth trajectory from an average of 7 per cent pre-2020 to a...
India’s banks stronger than in the past, fuelling economic growth: RBI deputy chief
India’s banks stronger than in the past, fuelling economic growth: RBI deputy chief
Source: IANS
2024-07-26 01:53:58 pm
Gold prices steady with US economic data in focus Gold prices held steady on Tuesday while investors strapped in for U.S. economic data this week for clarity on the timeline for Federal Reserve's interest rate cut. Spot gold was nearly unchanged at $2,396.57 per ounce, as of 0458 GMT. U.S. gold futures added 0.1% to $2,398.00. Traders will eye the report on second-quarter gross domestic product (GDP) on Thursday and personal consumption expenditures (PCE) data for June on Friday. "Gold looks quite comfortable around $2,400 ...
Gold prices steady with US economic data in focus
Gold prices steady with US economic data in focus
Source: Reuters
2024-07-23 08:18:00 am
22 Indian startups secure over $116 million in funding this week The funding momentum continued in the Indian startup ecosystem this week as 22 startups raised nearly $116.26 million, led by four growth-stage transactions.  Last week, the domestic startup ecosystem raised nearly $176 million in funding across 16 deals. This week, four startups raised around $80 million in funding among the growth-stage deals. Wealth management platform Dezerv raised $32 million in a funding round led by Premji Invest. The round also saw participation from exi...
22 Indian startups secure over $116 million in funding this week
22 Indian startups secure over $116 million in funding this week
Source: IANS
2024-07-13 02:57:53 pm
Fintech firm Partior raises over $60 million in funding Fintech company Partior on Friday announced the first close of over $60 million Series B round led by the venture capital and growth investing firm Peak XV Partners.   The round was also supported by Valor Capital Group and Jump Trading Group as new investors, and JP Morgan, Standard Chartered and Temasek as existing shareholders. "We see a very bright future for blockchain-based frictionless, cross-border transactions. Having some of the world’s best banks and investors...
Fintech firm Partior raises over $60 million in funding
Fintech firm Partior raises over $60 million in funding
Source: IANS
2024-07-12 02:50:33 pm
India inflation seen up in June due to soaring vegetable prices India consumer price inflation probably edged up in June, snapping five months of declines, largely because of a jump in vegetable prices caused by the damage to crops wrought by extreme weather, according to a Reuters poll of economists. Prices of tomatoes, onions, and potatoes - staples in every Indian kitchen - surged by double digits last month as extreme heat and heavy floods in India's northern states disrupted agricultural production. The July 5-9 Reuters poll of 54 economist...
India inflation seen up in June due to soaring vegetable prices
India inflation seen up in June due to soaring vegetable prices
Source: Reuters
2024-07-10 08:49:56 am
FPIs infuse Rs 7,962 crore in equity this month, Rs 6,304 crore in debts Foreign portfolio investors (FPIs) infused Rs 7,962 crore in equity this month (till July 5) while their debt investments in the same period stood at Rs 6,304 crore, market watchers said on Saturday, citing the NSDL data.   This year, FPIs have invested Rs 11,162 crore in equity till now while the FPI investment in debt for the same period stands at a massive Rs 74,928 crore. The inclusion of Indian government bonds in the JP Morgan Emerging Markets (EM) Government Bond Index and th...
FPIs infuse Rs 7,962 crore in equity this month, Rs 6,304 crore in debts
FPIs infuse Rs 7,962 crore in equity this month, Rs 6,304 crore in debts
Source: IANS
2024-07-06 04:37:21 pm
Budget likely to see cut in fiscal deficit target to 4.9-5 pc on higher revenue receipts: ICRA Credit rating agency ICRA estimates the Central government?s revenue receipts will witness an upward revision of Rs 1.2 lakh crore in the forthcoming Revised Budget for 2024-25 over the Interim Budget Estimate, while pegging a relatively shallower increase in the revenue expenditure target, largely focused on the rural economy.The rating agency expects the revenue receipts of the government to increase on the back of a higher RBI dividend and a rise in tax collections.Consequently, the govern...
Budget likely to see cut in fiscal deficit target to 4.9-5 pc on higher revenue receipts: ICRA
Budget likely to see cut in fiscal deficit target to 4.9-5 pc on higher revenue receipts: ICRA
Source: IANS
2024-07-06 08:57:37 am
Rupee to focus on US data after index flows underwhelm The Indian rupee is expected to open largely unchanged on Monday, mixed Asian peers were mixed, with the focus on important U.S. data due later in the week. Non-deliverable forwards indicated rupee will open barely changed from the previous session's close of 83.3825. Asian currencies were rangebound and lacked direction while the dollar index dipped. Last week was a choppy one for the rupee, with the inclusion of Indian bonds into the JPMorgan emerging market index and the expiry o...
Rupee to focus on US data after index flows underwhelm
Rupee to focus on US data after index flows underwhelm
Source: Reuters
2024-07-01 09:04:19 am
India's inclusion in global bond index effective from today  India government bonds or government securities are set for inclusion in the global bond index from Friday.  JP Morgan will add Indian government bonds to its Government Bond Index-Emerging Markets (GBI-EM) from June 28. It is the first time ever that Indian government bonds would be included in this index. Government securities inclusion in the global bond index will have a positive impact on the Indian economy. Indian bonds will have a 10 per cent weightage in the JP Mor...
India's inclusion in global bond index effective from today
India's inclusion in global bond index effective from today
Source: IANS
2024-06-28 01:52:44 pm
Rupee edges lower as decline in Asian peers counters upward bias The Indian rupee was little changed on Thursday as weakness in Asian currencies offset a broadly positive bias on the rupee amid expectations of portfolio inflows and the Reserve Bank of India's stern defence of the currency. The rupee was at 83.4925 against the U.S. dollar as of 10:25 a.m. IST, compared with its previous close at 83.4550. The dollar index was at 105.3, while most Asian currencies declined, with the Indonesian rupiah falling to a four-year low and the Chinese yuan s...
Rupee edges lower as decline in Asian peers counters upward bias
Rupee edges lower as decline in Asian peers counters upward bias
Source: Reuters
2024-06-20 11:04:40 am
India set for decade-high $2 billion bond inflows around JPMorgan index inclusion day Foreign inflows into Indian bonds will hit a decade-high of $2 billion around June 28, when they will be included in a widely-tracked JPMorgan index, although the central bank will lap up most of the dollars to avoid a knee-jerk rise in the rupee, bankers said. The $2 billion, single-day inflow estimate by four bankers trails only the record-high $2.7 billion poured into Indian bonds on Aug. 20, 2014, as prospects of a credit rating upgrade gained traction. More than $200 billion in ass...
India set for decade-high $2 billion bond inflows around JPMorgan index inclusion day
India set for decade-high $2 billion bond inflows around JPMorgan index inclusion day
Source: Reuters
2024-06-19 04:09:30 pm
Asia shares muted on mixed China data, euro pressure Asian share markets were mostly softer on Monday as mixed Chinese economic news underlined the country's bumpy recovery, while political uncertainty in Europe soured risk appetites and kept the euro on the defensive. Chinese blue chips were off 0.2% after retail sales topped forecasts by rising 3.7% in May, but industrial output and fixed-asset investment both underwhelmed. Other data showed home prices fell at the fastest pace in a decade in May, highlighting the continued strains ...
Asia shares muted on mixed China data, euro pressure
Asia shares muted on mixed China data, euro pressure
Source: Reuters
2024-06-17 09:04:57 am
Most JP Morgan index clients set up to invest directly in Indian government bonds, says official A majority of clients that follow the J.P. Morgan Emerging Market Bond Index are now registered to trade directly in Indian government bonds, which will be included in the index at the end of this month, an official at the Wall Street Bank said. "In the case of India, we provided a relatively long lead time before index inclusion starts," Gloria Kim, global head of index research at J.P. Morgan, said in a written response to Reuters. "This was highly appreciated by client...
Most JP Morgan index clients set up to invest directly in Indian government bonds, says official
Most JP Morgan index clients set up to invest directly in Indian government bonds, says official
Source: Reuters
2024-06-12 05:44:20 pm
Asia stocks range-bound as EU politics adds new risks Asian stocks traded in a narrow range on Tuesday, as investors pondered fresh political uncertainty in European markets after right-wing gains in elections and a snap poll in France revived concerns about the cohesion of the bloc. Moves were modest, with MSCI's broadest index of Asia-Pacific shares outside Japan dipping 0.4% in thin trade, with Chinese blue chips off 0.7%. Going the other way, Japan's Nikkei firmed 0.3% and South Korea stocks rose 0.5%. EUROSTOXX 50 futures a...
Asia stocks range-bound as EU politics adds new risks
Asia stocks range-bound as EU politics adds new risks
Source: Reuters
2024-06-11 08:51:24 am
Asia shares rally on promise of rate relief, factory pick up Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair. There was also better news from China as the private Caixin survey showed a pick-up in its main factory index to a two-year top of 51.7 in May, from 51.4 in April. Japan's factory activity expanded for the first time in a year in May, while activity in ...
Asia shares rally on promise of rate relief, factory pick up
Asia shares rally on promise of rate relief, factory pick up
Source: Reuters
2024-06-03 08:52:10 am
PM Narendra Modi has lifted 400 million people out of poverty: JP Morgan CEO Prime Minister Narendra Modi has taken 400 million (40 crore) people out of poverty and is doing an “unbelievable job” in India, Global banking giant JP Morgan Chase chief executive officer (CEO) Jamie Dimon has said. Speaking at an event hosted by the Economic Club of New York on Tuesday, Dimon lauded the economic reforms implemented by the Modi government and said some of them could be introduced in the US as well. “Modi has done an unbelievable job in India. I know ...
PM Narendra Modi has lifted 400 million people out of poverty: JP Morgan CEO
PM Narendra Modi has lifted 400 million people out of poverty: JP Morgan CEO
Source: IANS
2024-04-24 02:00:23 pm
Oil inches up after U.S. reimposes Venezuela oil sanctions  Oil prices rose in early trade on Thursday, slightly paring the previous session's losses after the United States said it would reinstate oil sanctions Venezuela, while the European Union talked of fresh curbs on Iran. Brent futures were up 10 cents, or 0.11%, at $87.39 a barrel, while U.S. crude futures traded 2 cents higher at $82.71 a barrel at 0053 GMT. The two benchmarks slid 3% in the previous session on demand worries. The U.S. said it would not renew a license set to e...
Oil inches up after U.S. reimposes Venezuela oil sanctions
Oil inches up after U.S. reimposes Venezuela oil sanctions
Source: Reuters
2024-04-18 08:56:31 am
Foreign investors turn to derivative proxies to gain exposure to Indian debt Overseas investors seeking exposure to India's debt ahead of its inclusion in global benchmark indexes are using proxy instruments such as offshore swaps as they aim to overcome the country's onerous investment regulations. Foreign investors have flocked to Indian government bonds ahead of their inclusion in the JPMorgan emerging market debt index from June, seeking to front-run the $20-25 billion from index-tracking funds that is expected to subsequently flow into the market. F...
Foreign investors turn to derivative proxies to gain exposure to Indian debt
Foreign investors turn to derivative proxies to gain exposure to Indian debt
Source: Reuters
2024-04-12 12:12:33 pm