Page 13 - Anjali Kumari

India's foreign exchange reserves increase by $396 million to $702 billion

The reserves had hit a record high of $705 billion in September 2024

Rupee undervalued among peers, REER at lowest level since February 2019

The rupee's REER fell to 98.79 in July, the lowest since February 2019, with RBI easing intervention as FII outflows, rising imports and weak sentiment pressure the currency

RBI renews Statement of Commitment to FX Global Code for FX markets

The Reserve Bank of India has renewed its Statement of Commitment to the FX Global Code, reaffirming adherence to principles promoting integrity in foreign exchange markets

RBI sold $2.5 billion in July, Reer fell to 98.79, lowest since Feb 2019

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 three months, April, June, and July

Nabard raises ₹4,039 crore at 6.85% coupon, short of ₹7,000 crore target

Yields remain sticky with marquee state-owned issuers preferring shorter maturities

Capri Global Capital to raise ₹400 crore via NCD issue from Sept 30

Capri Global Capital plans to raise Rs 400 crore through a public NCD issue with four tenure options, coupon rates up to 9.7 per cent and ratings of AA Positive and AA Stable

Rupee hits new low on US visa shock; exporters don't expect much relief

Exporters don't expect much relief; currency may slip to 89.5 vs $ by year-end

Banking system liquidity turns deficit amid tax payments, GST outflows

Experts said the liquidity crunch is expected to be temporary and will pick up on the back of government expenditure

Nabard, PFC plans to raise ₹10,000 crore from corporate bond market

PFC, NABARD and Solar Energy Corporation will raise funds via corporate bonds this week, tapping strong institutional demand ahead of RBI's October monetary policy review

RBI allows standalone primary dealers to trade in rupee NDF market

RBI has allowed standalone primary dealers to participate in rupee non-deliverable derivative contracts, widening access beyond AD Cat-I banks and IFSC Banking Units

Explore infra for trading beyond $-₹ currency pairs: Malhotra to CCIL

RBI's Sanjay Malhotra urges CCIL to broaden forex, derivatives, and tech-driven services to aid rupee internationalisation

Banks' era of infrastructure funding is over: Nabfid chairman K V Kamath

NaBFID Chairman KV Kamath says banks can no longer be primary infra financiers due to structural limits, with markets and DFIs better placed to meet India's long-term needs

Rupee slips to 88.13 as hawkish Fed cut ends four-day winning streak

The rupee fell to 88.13 per dollar after the US Fed's hawkish 25 bps cut, ending a four-day rally, as bond yields rose on selling by dealers and supply-demand mismatch

Banks bid ₹45,783 crore at RBI overnight VRR auction as liquidity dips

Banks bid nearly double the notified Rs 25,000 crore at RBI's overnight VRR auction as surplus liquidity fell to Rs 63,745 crore from Rs 1.89 trillion earlier this week

Infra firms rely on banks as bond market shuns low-rated debt: PFRDA chief

PFRDA Chairman Sivasubramanian Ramann says infra firms depend on banks as bond markets avoid long-tenor, lower-rated debt, urging innovative frameworks and stronger ESG focus

Rupee gains to over 2-week high ahead of US Federal Reserve meet outcome

The US rate setting panel is scheduled to announce its policy decision after Indian markets hours. The foreign exchange market has priced in a 25-basis-point rate cut

Markets hit two-month highs on Fed hopes and trade optimism; rupee rebounds

Indian equities rose to two-month highs on optimism around India-US trade talks and expectations of a US Fed rate cut, with strong FPI and DII inflows supporting sentiment

RBI gets bids worth ₹585 crore against ₹75,000 crore at VRR auction

Banks showed weak participation in RBI's three-day VRR auction, with bids worth only Rs 585 crore against the notified Rs 75,000 crore, citing cheaper funds in the call market

Rupee gains as dollar weakens on expectation of rate cut by US Fed

The dollar index declined 0.3 per cent on Tuesday, supporting a rally in most Asian currencies, including the rupee

Muthoot Finance raises $600 mn via ECB, completes $2 bn GMTN target

Muthoot Finance has raised $600 million via ECB, marking the final tranche under its $2 billion GMTN programme, with funds earmarked for lending expansion across India