In a bold call to action, Reserve Bank of India Governor Sanjay Malhotra challenged Indian banks to step up as global market-makers for the rupee. This move aims to reclaim the offshore rupee trading space. He pointed out the current deficiencies in rupee derivatives and emphasized the recent tightening of foreign exchange market regulations to minimize currency fluctuations.Read More
Global markets steadied as investors tracked sharp yen movements following suspected Japanese intervention. The dollar briefly slid before stabilising, while equities remained supported by strong tech earnings. Central banks held rates, but hawkish signals from the Fed and ECB kept markets cautious. Rising oil prices and geopolitical tensions added to inflation concerns.Read More
In the previous fiscal year, bank lending to Non-Banking Finance Companies (NBFCs) witnessed an impressive 26 percent increase, fueled by the Reserve Bank of India’s easing of risk weights. This favorable shift, along with more lenient regulations and attractively lower lending rates, has propelled a surge in NBFC financing.Read More
London’s FTSE 100 edged lower as losses in energy majors and AstraZeneca weighed on the index amid thin holiday trading. Weak crude prices dragged Shell and BP, while NatWest slipped despite profit growth. Gains in Unilever, Rolls-Royce and Pearson offered some support, but overall sentiment remained subdued after mixed earnings.Read More
Oil prices dipped amid reports of renewed Iran-US negotiation efforts, but remained on track for strong weekly gains due to persistent supply disruptions. Ongoing tensions around the Strait of Hormuz and geopolitical uncertainty kept markets volatile, with traders reacting sharply to headlines despite a fragile ceasefire and continued export restrictions.Read More
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