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Read previewWhen Justin Shields started the Venice Run Club in August 2020, he wasn't looking for love. Justin and Erin Shields met at Venice Run Club. Related storiesIn an increasingly online world where young people are feeling lonelier than ever, running clubs offer regular, real-life interactions with people with shared interests. Each Venice Run Club session attracts hundreds of runners. Venice Run Club has created plenty of friendships.
Persons: , Justin Shields, Shields, Erin, Justin, Erin Shields, Grace Wilson, Tinder, Eventbrite, it's, Hayden Boles, Aniko, Hayden Boles Boles, Emma Atwell, They've, Atwell, " Atwell, Daniel Belk, Coodown, Bailey Ness, Greyson Tarantino Organizations: Service, Venice Run Club, Business, Venice Run, BI, Cooldown Run, VRC Locations: Venice, Los Angeles, Denver, Colorado, Cooldown, Venice Beach
The RBI's repo rate is at 6.50%. Banks met officials from the Fixed Income Money Market and Derivatives Association of India (FIMMDA) last week to raise the issue of persistently high overnight rates. FIMMDA and RBI officials did not respond to Reuters' emails seeking comment. Even as overnight rates stay elevated, treasury officials are not anticipating any infusion from the RBI as they expect liquidity conditions to improve in due course. That dividend transfer, according to traders, could top 1 trillion rupees ($12.23 billion), sharply above the budgeted 480 billion rupees.
The 1-year bond yield, that trades close to the 364-day treasury bill yield, briefly rose to 7.4750% earlier in the day, while the 10-year benchmark 7.26% 2032 bond yield was at 7.4728%. The 1-year note last traded above the 10-year bond in May 2015, according to Refinitiv data. The 1-year yield eased to 7.43%, while the 10-year benchmark was at 7.46% as of 4:20 p.m. IST. On Feb. 28, Reuters reported that India's bond yield curve is likely to invert on the back of worsening liquidity deficit in India's banking system and bets of continued rate hikes. Reuters GraphicsThe benchmark 2032 bond yield has risen only 12 bps during the same period, leading to spread compression and ultimately inversion.
MUMBAI, Feb 13 (Reuters) - Indian government bond yields are expected to trend higher this week, as sentiment stays bearish, but debt as well as the local currency will track U.S. and India inflation data. India's headline retail inflation print is due on Monday, followed by U.S. retail inflation on Tuesday. Bond yields jumped after the RBI highlighted core inflation concerns, keeping the door open for another hike. The rupee will take its cues from the U.S. inflation print and its impact on the dollar index, a trader with a private bank said. For the week, the currency could move between 82.10 and 82.80 unless the U.S. inflation data is a big surprise, dealers said.
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