Dollar holds gains as investors seek safety in liquidity
The dollar held gains on Thursday as investors rushed to the safety of the world’s most liquid currency given the massive disruption to global trade
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Liquidity
India pumps in liquidity; bonds see profit-taking after initial rally
MUMBAI: The Reserve Bank of India (RBI) said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.
The latest move came after the government on Friday announced a borrowing target of a gross 2.47 trillion rupees ($34.08 billion), with higher-than-expected earnings from its small savings scheme helping to reduce its borrowing needs by 700 billion rupees.
In…
Central banks near policy limits but back in focus after G20
SHANGHAI: The widely predicted failure of G20 leaders to agree on bold new steps to reinvigorate the world economy at a meeting in Shanghai this weekend puts the onus firmly back on central bankers.
Interest rate to remain unchanged at six percent: SBP
KARACHI: State Bank of Pakistan (SBP) on Saturday announced its new monetary policy in which it was stated that the interest rate will remain unchanged at 6.0 percent.