Anjali Kumari
Anjali Kumari
Anjali Kumari
Anjali Kumari
Page 14 - Anjali Kumari
Equities, rupee sparkle on 'double Diwali' promise; bonds flicker
10-yr bond yield sees sharpest rise in nearly two years as GST rejig plan stokes fiscal fears
 "Equities, rupee sparkle on 'double Diwali' promise; bonds flicker")
India's foreign exchange reserves rise by $4.7 billion to $693 billion
India's foreign exchange reserves rose by $4.7 billion to $693 billion for the week ending August 8, boosted by an increase in foreign currency assets, gold reserves, and IMF holdings
 "India's foreign exchange reserves rise by $4.7 billion to $693 billion")
Bond market sees best day in 2 months after S&P upgrades India's rating
S&P raises India's sovereign rating to BBB from BBB-, the first upgrade since 2007, citing fiscal discipline and infrastructure push, triggering a G-sec rally
 "Bond market sees best day in 2 months after S&P upgrades India's rating")
Banks roll over ₹1.82 trn at RBI's 8-day VRRR auction to absorb liquidity
RBI accepts Rs 1.82 trillion at 8-day VRRR auction as banks roll over maturing funds from earlier operations amid surplus system liquidity
 "Banks roll over ₹1.82 trn at RBI's 8-day VRRR auction to absorb liquidity")
Rupee posts biggest single-day gain in over a month on Fed rate cut hopes
Rupee strengthens 0.46% to 87.44/$, buoyed by weaker dollar, falling CPI, and gains in Indian equities and Asian currencies
 "Rupee posts biggest single-day gain in over a month on Fed rate cut hopes")
Bond market maintains caution ahead of weekly auction, gives up early gains
The yield on the 10 year benchmark government bond softened by 3 basis points during the day on the back of short covering, said dealers. It settled at 6.48%, against the previous close of 6.49%
 "Bond market maintains caution ahead of weekly auction, gives up early gains")
Bond yield rises to 4-month high; OIS market discounts rate cut by Dec
Selloff continues despite retail inflation hitting 8-year low
 "Bond yield rises to 4-month high; OIS market discounts rate cut by Dec")
Donald Trump tariff woes keep rupee near record low despite weak dollar
Higher tariffs threaten India's export earnings, curbing forex inflows and thus boosting dollar demand in the local market
 "Donald Trump tariff woes keep rupee near record low despite weak dollar")
LIC's entry into bond FRA market likely to boost long-term G-Secs
With deals across 10 major banks, the insurer's move is expected to spur demand for long-term government securities while narrowing forward spreads for other players
 "LIC's entry into bond FRA market likely to boost long-term G-Secs")
India's forex reserves fall $9.3 bn on RBI dollar sales, revaluation
India's forex reserves drop to $688 billion amid heavy RBI dollar sales and revaluation losses as rupee weakens past 87 per dollar following US tariff action
Banks roll over maturing VRRR amount; overnight WACR breaches repo rate
On Friday, the RBI conducted two VRRR auctions, one for six-day tenure and another for three-day tenure, to withdraw a total ₹3 trillion from the banking system
 "Banks roll over maturing VRRR amount; overnight WACR breaches repo rate")
RBI imposes ₹75 lakh penalty on ICICI Bank for compliance breaches
The Reserve Bank fined ICICI Bank for violations related to property valuation and current account operations, citing non-compliance without impacting customer transactions
 "RBI imposes ₹75 lakh penalty on ICICI Bank for compliance breaches")
RBI to conduct two VRRR auctions to absorb ₹3 trillion from system
RBI will hold two VRRR auctions on Friday with six-day and three-day tenures to absorb excess liquidity from the banking system, which has a surplus of Rs 4 trillion
 "RBI to conduct two VRRR auctions to absorb ₹3 trillion from system")
Rupee remains steady due to likely RBI intervention amid tariff tensions
Rupee settles nearly flat at 87.71 per dollar despite US tariff escalation; forex dealers cite likely RBI intervention through dollar sales and NDF operations
 "Rupee remains steady due to likely RBI intervention amid tariff tensions")
Rate cut hopes fade: G-sec yield sees highest single-day rise in 14 mths
The benchmark yield rose by 8 basis points (bps) to settle at 6.41 per cent - its highest since April 11 this year - against the previous day's close of 6.33 per cent
 "Rate cut hopes fade: G-sec yield sees highest single-day rise in 14 mths")
RBI panel for retaining WACR as operating target of monetary policy
The group was set up to the existing review of the Liquidity Management Framework which is in place since February 2020
Recent volatility in rupee modest against major global currencies: RBI guv
The Governor further said that while crude oil is a key driver of inflation, stopping Russian oil purchases may not significantly impact inflation at this stage
 "Recent volatility in rupee modest against major global currencies: RBI guv")
RBI holds repo rate, says uncertainty of US tariffs 'still evolving'
Policy-setting committee continues with neutral stance as governor says Indian economy holds bright prospects
 "RBI holds repo rate, says uncertainty of US tariffs 'still evolving'")
RBI removes prior approval requirement for opening vostro accounts
RBI allows authorised dealer banks to open Special Rupee Vostro Accounts for foreign banks without prior approval, easing rules to boost rupee-based trade
Rupee extends losses on trade tensions, but RBI intervention caps fall
The local currency touched the intra-day low of 87.89 per dollar, narrowly missing its record low of 87.95 per dollar hit in February
 "Rupee extends losses on trade tensions, but RBI intervention caps fall")