RBI’S TO INITIATE RECOVERY IN MONEY-MARKET RATES VIA CASH TIGHTENING

HIGHLIGHTS

• The Reserve Bank of India aims to drain Rs. 2 trillion (equal to $27.3 billion) of banking funds.
• The 14-day reverse repo operation to drain the cash starts on 15 JAN 2021.

With Reserve Bank of India (RBI) taking first sma...

DOLLAR: THE KEY CURRENCY HAVEN

Highlights:

• The dollar should dominate the market as a safe haven supreme if the virus-driven risk aversions turn into panic.
• The dollar comprises 62 percent of total foreign-exchange holdings.
• The U.S. currency offers the most liquid bond ...

ALPENROUTE’s DESIRE TO SELL ITS STAKE TO MARKET KURLY FOR LIQUIDITY

Highlights –

• AlpenRoute to sell its stake for fund repayments
• Market Kurly may resolve AlpenRoute’s liquidity problem
• Market Kurly leading online grocery store

South Korea’s AlpenRoute Asset Management i...

Santander Launching Ripple-Powered Payments in Six New Corridors, Banking Huge Not Making utilization of XRP

Spanish banking enormous Santander says it will rapidly extend its utilization of Ripple's cross-fringe installments stage. In an ongoing meeting held by the Institute of Global and European Affairs, dealing with the executive of electronic speculation banking at Santander, John Whelan, discu...

Economic holdup might hit vehicle finance firms in Bharat, says Moody's

Global rating agency Moody's Investors Service has aforesaid that vehicle finance firms in Bharat that rely upon the short fund would possibly face refinancing drawbacks thanks to the continued economic holdup and tight liquidity.

 According to a modern Moody's report, vehi...