banking system liquidity

Bank deposit rates are poised for an increase as certificate of deposit (CD) rates surged in May due to tighter liquidity and higher demand for funds. One-year CD rates jumped to 7.70%, signaling that banks are facing pressure to attract deposits, which could soon translate to higher retail rates.

The Indian Rupee saw a welcome rebound, gaining 61 paise to trade at 96.25 against the US dollar, driven by easing oil prices. Despite this recovery, the currency remains under pressure, marking a nine-session losing streak. The Reserve Bank of India announced a $5 billion dollar-rupee swap auction to bolster banking system liquidity amidst global uncertainties and foreign investor outflows.

The Reserve Bank of India is injecting $5 billion into the banking system through a USD/INR buy-sell swap auction on May 26. This move aims to boost long-term liquidity amidst a weakening rupee and global uncertainties. Banks will sell dollars to the RBI and buy them back in three years, with bids based on premium offers.

The Indian rupee has fallen nearly 6% against the US dollar due to Middle East tensions, prompting the Reserve Bank of India to consider measures like interest rate hikes and attracting dollar inflows. Officials are exploring a foreign currency deposit scheme for NRIs and a potential sovereign dollar bond to stabilize the currency.

UAE mandates private firms to pay staff by the first of each Gregorian month from June 1, 2026. This stringent wage protection reform aims to bolster worker rights and labour compliance. The move standardizes payroll, with delayed payments automatically flagged, impacting millions of expatriates reliant on timely salaries for essential expenses.

Former Tata Sons vice chairman argues an IPO can undermine the company’s special role in the group, and may not unlock much value

Every Re 1 hike in petrol, diesel, CNG, and LPG costs feeds into inflationary pressures in the economy, and also indirectly impacts discretionary spending, hence hitting growth channels.

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

Vivo has launched its flagship X300 Ultra and X300 FE smartphones in India, featuring Zeiss-tuned cameras and Android 16. Both devices promise extensive OS and security updates. The X300 Ultra, with a 6,600mAh battery and Snapdragon 8 Elite Gen 5, starts at Rs 1,59,999, while the X300 FE is priced from Rs 79,999.

India's enduring love for gold spans centuries, evolving from tradition to modern investment. Women hold vast reserves, and the market is set for significant growth. Digital gold and ETFs are gaining traction alongside traditional jewellery. Gold remains a symbol of prosperity, security, and auspiciousness for Indians across generations.

We have had time to prepare for the challenges we may face now with the conflict in West Asia. But we didn’t get our house in order. Hopefully, there is still time to do the heavy lifting and rise to PM’s appeals

Vivo has launched its flagship X300 Ultra and X300 FE smartphones in India, both featuring ZEISS-tuned cameras and running Android 16. The X300 Ultra starts at Rs 1,59,999, while the X300 FE is priced from Rs 79,999. Both devices promise extensive OS and security updates.

The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

India's foreign exchange reserves surged by $2.362 billion to $703.308 billion in the week ending April 17, following a previous gain of $3.825 billion. This increase, driven by rising foreign currency assets and gold reserves, marks a rebound after a decline caused by Middle East geopolitical tensions.

Global oil markets face turmoil due to the Iran-US conflict and Strait of Hormuz disruptions. India, heavily reliant on oil imports, feels the pinch through rising inflation and borrowing costs. The Reserve Bank of India monitors the situation, opting for stability over aggressive action. Households may experience a gradual tightening of budgets as costs rise and monetary easing is delayed.

Donating clothes seems eco-friendly, but vast amounts of low-quality fast fashion end up as waste in places like Chile's deserts and Indonesia's shorelines. While second-hand markets offer benefits, the sheer volume overwhelms reuse and recycling systems. True solutions lie in reducing production and extending garment life, not just donation bins.

Today is Akshaya Tritiya, an auspicious day in the Hindu calendars, believed to bring lasting prosperity and good fortune. Buying gold on this day is considered auspicious. Experts believe that returns on gold over the last few years reinforce its role as a long-term wealth preserver.

S&P Global in its latest report titled India's Strong Fundamentals Would Cushion The Blow Of An Oil Shock says India is equipped to handle some strain. The report assumes a base case scenario of oil prices at an average of $130 per barrel for 2026 and $100 in 2027.

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The UAE and Bahrain have inked a significant AED 20 billion currency swap deal, fostering deeper financial ties and economic cooperation. This five-year pact, formalised by their central bank governors, aims to boost local currency usage in trade and investment, enhancing regional financial integration and stability. Officials view this as a crucial step for economic growth and stronger partnerships.