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Two-way OMO plan set to keep yields capped

DNMUM402519 | 12/7/2017 | Author : Manju AB | WC :517

Trading at 7.07% earlier, yields dropped to 7.03% post RBI action on rates

Mumbai: Reserve Bank of India (RBI)’s plans to have a two-way open market operations (OMO) set a small rally in the government bonds on Wednesday. The 10-year benchmark government bond ended the day at 7.03% lower than the preceding close of 7.06%. Just before RBI’s policy announcement, they were trading at 7.07%.
A two-way OMO is when the central bank is ready to sell or buy back bonds from the banks to either suck out or release liquidity into the banking system.
“It is heartening to note RBI has also communicated greater clarity on the liquidity framework indicating that it is ready to deploy both short-term and durable tools to absorb or inject liquidity as the need arises,” Chanda Kocchar, managing director and CEO, ICICI Ban
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Airlines set to face severe headwinds
DNMUM402919 | 12/12/2017 12:00:00 AM | Author : G Chokkalingam | WC :424

On May 2, 2015 we had written about how airline stocks were set to do well due to several conducive macro factors. Since May 2, 2017, among the three listed airline stocks, two stocks moved up over 30%, though one stock has slightly underperformed. I
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Is it time to look beyond bank FDs?
DNMUM402920 | 12/12/2017 12:00:00 AM | Author : Kumar Shankar Roy | WC :709

The brouhaha over the safety of bank deposits has reached dizzying heights in the backdrop of the bank ‘bail-in’ provision controversy. While the government has swiftly moved in to allay fears, the truth is Indians’ obsession with bank fixed deposits
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Here’s why to invest in bitcoin
DNMUM402921 | 12/12/2017 12:00:00 AM | Author : Praveenkumar Vijayakumar | WC :322

Bitcoin’s 10-fold rise in 2017 has got many Indian investors interested in this asset class. A simple math here to showcase the return on investment from cryptocurrencies – If you would have invested Rs 10,000 in bitcoin in 2010, you would stand to e
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Sensex rises 205 points on bullish buying
DNMUM402922 | 12/12/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :138

Mumbai: Indian equities rallied for the third straight session as key indices lapped up the positive overseas trend, amid a strengthening rupee. While the 30-share Sensex surged 205.49 points, or 0.62%, to close at 33455.79 - its highest closing sinc
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