Anjali Kumari

India's forex reserves rise $12.4 billion to record high of $729.3 billion

Forex reserves rose sharply on strong inflows under the RBI's concessional swap window and revaluation gains, while foreign currency assets increased by $9.48 billion

Centre announces ₹30,000 crore govt securities buyback via auction

Buyback covers four government securities maturing between October 2026 and February 2027, with the auction to be conducted using the multiple-price method

Bond yields hit over two-month high; rupee gains on RBI intervention

Benchmark 10-year government bond yield settles at 6.91 per cent, while the rupee closes at 95.39 per dollar as RBI dollar sales support the local currency

RBI relaxes weekly access rule for FCNR(B) swaps above $100 million

Banks can now access the concessional dollar-rupee swap facility for transactions above $100 million without waiting for their designated weekly window

DBS Bank India 'won't be all things to all people': MD & CEO Rajat Verma

DBS Bank India says the bank is keen to invest and grow the retail lending business but will be judicious in choice of retail products that they will offer

Elevated short-term yields prompt PSUs to withdraw planned bond issues

REC withdraws its planned ₹3,000 crore two-year bond issue after PFC pulled a ₹2,500 crore three-year offering earlier this week as investors seek higher premiums

RBI may tighten liquidity via iCRR before resorting to repo rate hike

The RBI may use an incremental CRR to absorb rising surplus liquidity before raising the repo rate, as core liquidity could approach ₹10 trillion in coming weeks

RBI net buys $561 million in June amid foreign inflows: Monthly bulletin

The central bank turned a net dollar buyer for the first time since February, while its outstanding net short position in the forward market declined in June

Rupee leads Asian currencies; bond yields ease as crude slips below $90

The rupee settled 0.35 per cent higher at 95.41 per dollar as central bank intervention and falling crude prices lent support; benchmark bond yields also eased

IDFC FIRST Bank prices $350 million five-year overseas bond at 5.80%

The senior notes, issued through the bank's IFSC Banking Unit, will mature in August 2031 and follow its $600 million international bond issuance last week

SBI flags 'chalk and cheese' divide in RBI's monetary policy signals

SBI Research says the MPC minutes carried a more hawkish tone than the RBI governor's remarks, leaving markets uncertain about the future course of interest rates

RBI absorbs ₹1.41 trn surplus liquidity via VRRR, announces fresh auction

The central bank absorbed ₹1.41 trillion through seven-day and overnight VRRR auctions at 5.24 per cent, and announced a ₹1.75 trillion two-day auction for Tuesday

PFC withdraws three-year bond issue as yields remain elevated in market

The state-owned lender raised ₹2,500 crore through a 15-year bond at a 7.55 per cent cut-off coupon, but withdrew its three-year issue after receiving bids at higher yields

Strong inflows via RBI's swap schemes lift reserves, fail to boost rupee

As RBI largely maintains hands-off approach to intervention

RBI forex swap facility attracts $72.85 billion inflows as of August 21

FCNR(B) deposits accounted for nearly 90 per cent of the total at $65.40 billion, while ECBs and OFCBs contributed $2.59 billion and $4.86 billion, respectively

Foreign currency assets fuel $50 bn forex reserve surge since June-end

Reserves have risen by nearly $50 billion since the last week of June, while foreign currency assets increased by $7.23 billion and gold reserves gained $2.68 billion

Bond yields harden, rupee slips on hawkish MPC, rising crude oil

Benchmark 10-year government bond yield rose to 6.85% during the week, while the rupee weakened to 95.71 per dollar amid higher crude prices and hawkish MPC signals

RBI aims to absorb ₹2.5 trillion via seven-day VRRR auction on Monday

The banking system had a liquidity surplus of Rs 3.5 trillion on Thursday, while banks parked Rs 95,970 crore in the three-day VRRR auction on Friday

RBI Central Board reviews global, domestic risks to economic outlook

The RBI's Central Board also reviewed various areas of the central bank's operations, including the functioning of its committees and the Ombudsman Scheme

Strong demand at RBI liquidity mop-up auctions; another ₹1.5 trn on Friday

RBI receives cumulative bids of Rs 1.91 trillion against the notified Rs 1.5 trillion as banks seek higher returns amid surplus liquidity and softer overnight rates