17
Monday
February 2020
7:03 AM IST
News Headlines
China says significant drop in coronavirus cases; death toll climbs to 1,665        Two more Indians test positive for coronavirus on cruise ship off Japan        Agarwal back among runs, Pant too gets some form back        India to play day-night Test in Australia        Chennaiyin FC beat ATK 3-1 to boost play-off hopes        17 people from Delhi who returned from abroad before coronavirus screening showed symptoms, hospitalised        Kejriwal calls ministers-designate for dinner ahead of swearing-in, discusses development roadmap        Shaheen Bagh protesters say ready to meet Shah, but onus on govt to call them for talks        Surendran new Kerala BJP President        France confirms first coronavirus death outside Asia        Making efforts to disembark Indians from cruise ship after quarantine period ends: Indian Embassy        Kerala beat Chattisgarh by nine wickets in C K Nayudu trophy        Ishant passes fitness test, to join Indian team in NZ for Test series        Kerala Blasters register first win over Bengaluru FC in Hero ISL        Smriti Mandhana rises to 4th in ICC T20 rankings        Bopanna-Shapovalov pair enters semifinals in Rotterdam        DoT withdraws order that asked for no coercive action against defaulting telcos        Sensex, Nifty fall for 2nd day as banking, auto stocks slide        Erdogan raises Kashmir in Pak Parliament, says issue close to both countries        Born on a boat: new baby among 87 rescued off Canary Islands        
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International News
Pro-growth RBI minutes to cap yields; revives expectations for further policy easing
 
Singapore: Minutes from the Reserve Bank of India's August meeting has revived expectations for further policy easing as headline inflation is likely to remain within target over the next one year, says a DBS report.

According to the report, pro-growth Reserve Bank of India (RBI) minutes are expected to cap bond yields.

"INR 10Y (generic) government bond yields are likely to stay below 6.7 per cent after RBI minutes revived expectations for further policy easing," Radhika Rao, Economist, and Eugene Leow, Rates Strategist at DBS Group Research said in the report.

Weakening growth was a dominant worry for policy makers amid weaker global activity, they noted.

"With RBI projecting inflation at below target over the next four quarters, the door for cuts remains open. We suspect further downward growth revisions might trigger further rate response," the DBS report said.

The report however cautioned that "the debate over remaining policy space is beginning to surface" after 110 bps cuts already undertaken and another likely in the fourth quarter (4Q).

In an unusual move, the Reserve Bank of India (RBI) on August 7 had reduced the benchmark lending rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy. Before this, the RBI had reduced the rate thrice, each time by 25 basis points.

"Transmission will be accorded the highest priority, as the RBI's moral suasion attempts, surplus liquidity and consideration of an external benchmarks nudged banks to act," the DBS report noted.

While the RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit of lower interest rate to borrowers.

RBI Governor Shaktikanta Das recently asked all banks to link their interest rate with repo for faster transmission of the central bank's policy actions.


China says significant drop in coronavirus cases; death toll climbs to 1,665
Two more Indians test positive for coronavirus on cruise ship off Japan
France confirms first coronavirus death outside Asia
Making efforts to disembark Indians from cruise ship after quarantine period ends: Indian Embassy
Erdogan raises Kashmir in Pak Parliament, says issue close to both countries
Born on a boat: new baby among 87 rescued off Canary Islands
China rejects US charge of lack of transparency in sharing coronavirus info
China''s coronavirus death toll nears 1,500
Narayana Murthy''s son-in-law Rishi Sunak named new British finance minister
British finance minister Javid quits in reshuffle
Nepal shuts resort where 8 Indian tourists died
Trump says looking forward to visiting India
VIRUS Coronavirus death toll in China crosses 1,000
At least 15 refugees drown after boat sinks off Bangladesh
Sudanese official says al-Bashir to be handed over to ICC
Thai city copes with sorrowful fallout from mass shooting
Soldiers and police enter El Salvador's parliament
EU calls emergency talks on new coronavirus
Hong Kong border towns welcome virus controls, despite trade hit
US presidency gains more power with Trump's acquittal
ENTERTAINMENT NEWS
'Joker' earns Joaquin Phoenix his maiden Oscar
 Los Angeles: Hollywood star Joaquin Phoenix finally ended his dry run at the Oscars as he picked up  
'Batman' script is beautiful, dark and moving: Colin Farrell
Scriptwriting is underrated: Ayushmann Khurrana
Abhishek Bachchan starts filming 'Bob Biswas'
KERALA NEWS
Surendran new Kerala BJP President
 Thiruvananthapuram: Young firebrand leader K Surendran has been named as the President of BJP Kerala
Student who tested Positive for coronavirus discharged
CM Assembly Election : Kerala CM congrats Arvind Kejriwal for AAP''s victory
Coronavirus: 15 Kerala students stranded in China's Hubei reach Kochi
NATIONAL NEWS
Kejriwal calls ministers-designate for dinner ahead of swearing-in, discusses development roadmap
 New Delhi: On the eve of his swearing-in as chief minister of Delhi, AAP national convener Arvind Ke
Shaheen Bagh protesters say ready to meet Shah, but onus on govt to call them for talks
SC allows Karti Chidambaram to travel to UK, France
Trump visit: Cong says AMC building wall to mask slum area
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