Thirty-two expected rates to still be unchanged by end-June. Twenty-five forecast the repo rate to

it offers on its reverse repo facility by more than it cut the federal funds rate.... The rate the

NEW YORK: Goldman Sachs Group Inc has joined the blockchain-based network created by JPMorgan Chase Co for repurchase agreements that use smart contracts and a digitised version of the US dollar. Its first trade came on June 17, when it swapped a tokenised version of a US Treasury bond for JPMCoin, JPMorgan’s internal representation of a digital dollar, according to Mathew McDermott, global head of digital assets for Goldman’s global markets division.... He declined to give the value of the tra

“ The MPC has a difficult job as it battles both the slowdown and the inflation COVID-19 has triggered ”, one MPC member had noted at the August meeting.... On the other hand, the recent inflation outcomes have made RBI more comfortable about the path of inflation than it was in August, despite the recent increases in the global commodity prices.... All the above explains RBI’s decision to stay on a pause and retain its “ as long as it is necessary ” guidance on monetary policy.A few words on

While most of the available indicators have seen a rebound in December, the growth momentum trails the levels seen in October.“ We formalize our FY22 GDP growth estimate at 9.6%( vs 10% with mild downside risks earlier).... While it is too early to estimate the dampening effects of Omicron-related containment, it is quite likely to pull the Q4 FY22 growth rate down.... A tentative first estimate for FY22 that factors the Omicron impact would be 9%," he said. TRENDING STORIES See All Premium Ka

Finance Minister Nirmala Sitharaman will launch the Rs.... The fund corpus will be created by pooling money from debt schemes.... The initiative aims to provide liquidity to debt schemes during periods of market stress....

Domestic ratings agency Icra on Monday said it expects a rate cut by the Reserve Bank to happen only in the July-September quarter next year.... " The MPC's( Monetary Policy Committee) latest forecasts suggest inflation will remain above 5 per cent through Q1 FY2025, based on which we have pushed out our forecast for the earliest cut to Q2 FY2025," the agency said.... The official data released on Monday said consumer price inflation( CPI) spiked to a 15-month high of 7.4 per cent for July....

The amount of cash investors are parking at a major Federal Reserve facility surged above$ 1 trillion once again amid an overabundance of US dollars. Seventy-four participants on Thursday placed an unprecedented total of$ 1. 087 trillion at the Federal Reserve’s overnight reverse-repurchase facility, in which counterparties like money-market funds can place cash with the central bank. That surpassed the previous all-time high volume of$ 1.04 trillion from July 30, New York Fed data show. The rec

maximum three years permitted, a reverse repo hike can be expected in the December monetary policy. With

previously. Earlier yesterday, the central bank issued three conventional money market tenders, a repo tender