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Siddhi Nayak on Muck Rack

Siddhi Nayak

Verified
Mumbai
As seen in: Reuters, MSN, MSN Money Canada, MSN Philippines, MSN Singapore, MSN UK, 7@7, Bloomberg News, ET BFSI, ETCFO, ETRealty and
Reporter at @bloomberg; Formerly with @reuters @moneycontrolcom, NewsRise for @Refinitiv @cnbctv18live | @ACJIndia alumnus
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Articles

India Banks’ Funding Costs Rise as RBI Ends Deposit Window Early

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By Divya Patil Verified, Siddhi Nayak Verified
| Bloomberg News Verified
Photographer: Dhiraj Singh/Bloomberg (Bloomberg) -- Short-term borrowing costs for Indian lenders climbed most in a month after the nation’s central bank said it would end its overseas deposit facility early, taking away a cheaper and more stable source of funding. Rates on three-month certificates of deposit rose 16 basis points to 6.59% on Thursday, the most since July 14, data compiled by Bloomberg show. The six-month rate is headed for its steepest weekly gain since July 10.
Open in Who Shared View Duplicates (4) Issue with article?

RBI Chief Estimates $80 Billion Inflow From Rupee Measures

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By Siddhi Nayak Verified, Anup Roy Verified
| Bloomberg News Verified
Photographer: Dhiraj Singh/Bloomberg (Bloomberg) -- India expects to garner at least $80 billion in foreign-currency inflows from its recent measures to attract dollars into the country, its central bank chief said in an interview published Thursday. “You will appreciate that the flows have been stronger than we expected and even stronger than what most market participants expected,” Governor Sanjay Malhotra said in an interview with the Financial Express newspaper.
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RBI’s Forex Deposit U-Turn Exposes Wider Communication Gap

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By Anup Roy Verified, Siddhi Nayak Verified
| Bloomberg News Verified
Photographer: Dhiraj Singh/Bloomberg (Bloomberg) -- A sudden decision by India’s central bank to end a special incentive for attracting foreign-currency deposits a month ahead of schedule has caught bankers, economists and traders off guard and raised questions about how effectively it was communicating with market participants.
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