AGP Executive Report
Last update: 3 hours agoFX & Reserves: India’s forex reserves jumped $10.5bn to $692.9bn in the week to July 31, with foreign currency assets and gold both rising, as RBI measures and FCNR(B) inflows support the rupee backdrop. Banking Regulation: RBI proposed tightening bank leverage norms by drafting Basel III leverage ratio rules for commercial banks, with comments due Aug 28 and a planned start from Apr 1, 2027. Capital Markets & Policy: Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, aiming to attract foreign investment and clarify tax rules, including easing offshore fund compliance. Cross-border Finance: Malaysia and China renewed and expanded their central bank currency swap to 220bn yuan for 2026-2031 to settle trade and investment in local currencies. Digital Assets: Japan’s JPYC raised $38m to expand its yen stablecoin payment network, betting on regulated, compliance-led adoption. Corporate/Deals: Hong Kong-listed Guotai Junan received a conditional take-private proposal valuing its offshore unit at HK$28.6bn ($3.6bn), with a plan to delist. Energy/Real Assets: MahaRERA granted an automatic four-month extension to eligible housing projects hit by West Asia force majeure, effective immediately for qualifying registrations.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
