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Oil prices dip as worries over economic slowdown return

Friday, January 11, 2019, 11:06 AM

Oil prices slipped on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-US trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets. Oil prices were also supported by comments from US Federal Reserve Chairman Jerome Powell on Thursday that the central bank had the ability to be patient on monetary policy.
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RBI can transfer Rs 1 trillion of excess reserves to government: Report

Tuesday, November 27, 2018, 8:50 AM

The Reserve Bank has "more than adequate" reserves and that it can transfer over Rs.1 trillion to the government after a-specially-constituted panel identifies the "excess capital", says a report. "We expect the proposed committee on the RBI's ECF to identify Rs.1-3 trillion which is 0.5-1.6 per cent of GDP as excess capital," analysts at Bank of America Merrill Lynch said in a note Monday.
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No liquidity crisis in NBFC segment: Reserve Bank of India

Wednesday, October 31, 2018, 11:13 AM

In the first high-level meeting since RBI deputy governor Viral Acharya's criticism of government's interference, central-bank and finance ministry differed in their assessment of the liquidity crunch being faced by NBFCs. The central bank is learnt to have asserted that there is no liquidity crunch. However, finance ministry feels (based on its interactions with some NBFCs) that any such concern needs to be addressed.

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