Anjali Kumari
Anjali Kumari
RBI on Wednesday cut the repo rate by 25 bps to 5.25 per cent and kept its stance neutral, while announcing ₹1 trillion OMO purchases and a $5 billion USD/INR buy-sell swap this month
The domestic currency touched a fresh low of 90.41 against the dollar on Thursday but gained back its intraday losses to close at 89.98
RBI is intervening mainly to smooth volatility rather than defend specific levels as the rupee hits fresh lows amid outflows and trade-deal uncertainty, with its forward position limiting room to act
The rupee hit 90.41 per dollar intraday on Thursday before recovering to close at 89.98, as foreign banks sold dollars and RBI intervention stayed limited amid outflows and trade-deal uncertainty
Uncertainty over US trade deal, FPI outflows, limited RBI intervention pushes rupee drop 5% vs $ in 2025
Hits new closing low of 89.88/$; Hits 89.96/$ intraday
India's foreign exchange reserves continue to fall as the RBI steps up its defence of the rupee to prevent it from breaching the 90-per-dollar mark
OMOs for liquidity infusion expected, say economists
Optimism building around potential announcement of an OMO calendar
The govt's weekly bond auction saw strong demand with yields aligning to expectations, while the rupee recorded its weakest month since July amid dollar demand and cautious market sentiment
Shapoorji Pallonji Finance plans to tap the bond market in early FY27 but says high borrowing costs make a rating upgrade essential
The one-year OIS rate has dropped to a month-low, with markets pricing in a 20-bps repo rate cut by February after RBI's governor signalled room for easing, though uncertainty over December's move per
FIMMDA has released a proposed settlement and trading framework for a new SORR-linked OIS product, aligning with the shift to secured benchmarks, and has invited market feedback by December 15
₹14,735 cr raised against ₹24,800 cr plan as PFC, Nabard pull short-term bonds
During the current financial year, the RBI was a net buyer of the greenback only in May, while it remained a net seller in the other five months
These comments come a week ahead of the meeting of the six-member monetary policy committee that starts from December 3. The decision in the meeting will be announced on Friday, December 5
The rupee clawed back some losses after the RBI intervened heavily in spot and NDF markets, helping arrest its slide toward 90 per dollar even as global dollar strength
Possible US trade deal may help lift Indian currency, say experts
DME Development Ltd, the NHAI-owned SPV for the Delhi-Mumbai Expressway, is preparing a ₹5,975 crore bond buyback after earlier repurchasing ₹9,924 crore
RBI's absence in the market may be behind the sharp fall