ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Money Markets

Money Markets
The recent behaviour of interest rates and the yield curve is a reflection of the monetary policy stance that has succumbed to market expectations. The monetary policy actions have naturally had an...
In 2007, the rupee appreciated by as much as 12 per cent against the dollar, leading to an adverse effect on exports, investment proposals and employment - the policy was perhaps to use an...
The Reserve Bank of India currently uses indirect instruments of monetary control that operate through the market mechanism. Signals are sent by injection or contraction of liquidity, or by changing...
The huge marked-to-market losses on derivatives that are coming to light raise troubling issues about the direction of financial liberalisation and inadequate regulation. The banks are estimated to...
Rural India needs a strategy that strengthens the credit structure, increases the number of bank branches and establishes sound relationship banking. Even as banks are encouraged to increase their...
India's international investment position shows her net external liabilities in the red and on occasion these have grown. That a large proportion of capital inflows are of the "non-debt" variety is...
The Indian financial system now encompasses a vast set of payment, settlement and clearance systems. Two recent legislative changes, the enactment and notification of the Government Securities Act...
The Securities and Exchange Board of India has begun to take steps to develop the corporate bond market, which remains underdeveloped in comparison to the equity and gilt markets. The regulator has...
Missing from monetary policy is a concern for the distribution and cost of credit to the productive sectors. Instead of setting indicative targets for the growth of money supply, deposits and non-...
The Reserve Bank of India finds its hands tied in coping with the massive surge in capital inflows. The government, more keen on maintaining a global investor-friendly image, refuses to hear its...
The extensive developments in the financial architecture have benefited the equity and gilt-edged markets but the corporate bond market continues to be excluded. Although the development of this bond...
The Clearing Corporation of India, established at the initiative of the Reserve Bank of India, has made concerted efforts at providing institutional infrastructure to ensure orderly development and...
The latest balance of payments data show that the current account was in small deficit in 2006-07, as it was in the previous two years. However, if gold and silver imports are excluded, then the...
In recent years, the asset-liability profile of banks has moved towards longer maturities. Term deposits are increasing and lending is also of the long-duration variety. But this does not mean banks...
The target for doubling of bank credit for agriculture in three years is being obviously met because of a dictate from the government but the quality of such lending will be weak and a large...

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