Bleeding Airlines seek credit from oilcos, airports
Thursday, November 22, 2018, 7:55 PM
Airlines are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines (FIA) said in a letter sent to the aviation ministry last week and obtained by Bloomberg News.
Worst rout in 7 years may end for Indian bonds on RBI binge
Monday, November 5, 2018, 12:34 PM
With India's central bank emerging as biggest buyer of government debt, some traders are calling time on a rout that's lasted more than a-year and sent benchmark yields soaring to a four-year high. RBI bought 860 billion rupees of bonds between May and October, plans to inject 400 billion rupees this month to replenish liquidity drained by its currency defense and seasonal cash crunch.
Cash crunch in financial markets worsens further
Thursday, October 25, 2018, 11:47 AM
Indian financial markets' liquidity position has worsened with cash deficit widening to about Rs 1.4 lakh crore this week compared with a small surplus in the first week of October. The Reserve Bank of India's efforts to improve the situation with bond purchases appear to have had little impact as dollar sales to stem a sliding rupee touched a five-year-high in April-August.