Anjali Kumari
Anjali Kumari
Economists pencil in 25 bps reduction in the repo rate by December
Market participants said that banks were reluctant to park higher amounts at the auction due to the fortnightly reporting period at the end of the current week
The rupee settled at 85.99 per dollar, against the previous close of 85.78 per dollar. It has depreciated by 0.6 per cent in 2025-26 (FY26)
On Monday, the overnight weighted average call rate (WACR) settled at 5.31 per cent, against the previous day's close of 5.45 per cent
The amount parked by banks in the Reserve Bank of India's SDF window has fallen significantly, driven by VRRR auctions, with the call rate aligning closer to the repo rate
Receive bids worth ₹1.51 trn against notified amount of ₹2.5 trn
Traders are waiting developments on the anticipated tariff announcement between India and the US, which could significantly influence sentiment
Nomura reports that the RBI may shift its liquidity management target from WACR to TREPS or a SORR-like composite, in line with global best practices and increased volumes in secured money markets
The Reserve Bank of India will conduct a Rs 2.5 trillion seven-day reverse repo auction to absorb surplus liquidity from the banking system and align the weighted average call rate with the repo rate
At 2-day VRRR auction, RBI receives bids worth ₹97,315 cr against notified ₹1 trn
Draft norms enable position transfer in OTC derivatives with consent and fair pricing; RBI mandates tripartite structure to ensure risk shift and regulatory adherence
Market cautious ahead of expected ₹2 trn VRRR auction as call and TREP rates rise; overnight WACR climbs to 5.34%, RBI absorbs ₹97,315 crore against notified ₹1 trn
The surplus liquidity has kept the overnight weighted average call rate (WACR) near the standing deposit facility (SDF) rate of 5.25 per cent and well below the repo rate of 5.5 per cent
The Indian rupee appreciated by 22 paise, tracking declines in the dollar index and crude oil prices, while foreign equity inflows provided further support
Rupee ends 47 paise lower at 85.86 per dollar as Trump warns 10% tariffs on BRICS-aligned nations; RBI seen selling dollars to cap volatility after hitting 86 mark
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India's forex reserves hit $702.7 bn in week ended June 27, nearing 2024 peak; driven by $5.9 bn RBI dollar purchases, partly offset by revaluation losses
Liquidity jumps on government spending and surplus transfer; RBI gets ₹1.7 tn bids at 7-day VRRR, with cut-off at 5.47%; experts see preference for shorter operations
Banking system liquidity rose to a net surplus of Rs 3.74 trillion, the highest since June 2022. The market is now awaiting action from the RBI to manage the surplus and ensure monetary transmission
The rupee rose to 85.19 against the US dollar as hopes of a trade deal between India and the US grew, while falling crude oil prices also supported the currency's gains