Page 16 - Anjali Kumari

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

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

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

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

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

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 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

Banking system liquidity surplus reaches ₹4.09 trillion amid govt spending

The surplus liquidity has kept the overnight weighted average call rate below the repo rate of 5.50%, and overnight tri-party repo rate below the standing deposit facility (SDF) rate of 5.25%

RBI's MPC likely to keep repo rate unchanged: Business Standard poll

Respondents expect downward revision in FY26 inflation forecast

Rupee strengthens marginally as RBI intervention supports currency

The rupee inched up against the US dollar on August 1, likely aided by RBI intervention, even as foreign outflows and negative sentiment from US tariffs kept pressure on the currency

Banks park ₹1.7 trn at 7-day VRRR auction as banks roll over matured amount

The Reserve Bank of India's 7-day VRRR auction saw robust participation, with banks parking Rs 1.7 trillion, rolling over maturing funds. The auction's cut-off rate was 5.49%.

Rupee hits new closing low on US penalties, worst drop since September 2022

The local currency fell 2.09% in July, its steepest monthly loss since September 2022, amid US tariff pressure, portfolio outflows, and global dollar strength

RBI's net short dollar position in forwards dips to $60.29 bn by June-end

The Reserve Bank's short dollar position has declined for four consecutive months, down from its February peak of $88 billion

Muted response to RBI's VRRR as overnight rates rise, reducing arbitrage

With WACR and tri-party repo rates climbing, banks park only ₹13,075 crore against RBI's ₹50,000 crore offer in overnight VRRR auction

Rupee hits 5-month low after Trump's tariff threat, logs 0.7% drop

Rupee falls 60 paise to 87.42 per dollar after Trump announces 25% tariff and penalty; FPI outflows, Fed policy outlook, and rising dollar add pressure

RBI to hold overnight VRRR auction to absorb ₹50,000 crore liquidity

RBI to conduct overnight VRRR auction on Thursday to absorb Rs 50,000 crore as call and Tri-party repo rates remain below policy rate amid liquidity surplus

Rupee weakens to over four-month low on importers' US dollar demand

The rupee fell to its lowest level since March 13 as importer dollar demand, trade deal uncertainty, and foreign outflows weighed on sentiment amid RBI liquidity measures