Page 23 - Anjali Kumari

RBI retains call rate as policy anchor in liquidity management framework

As part of operational changes, the central bank will discontinue the use of 14-day variable rate repo (VRR) and variable rate reverse repo (VRRR) as the main tools for managing short-term liquidity

Rupee weakens 3.7% in H1FY26, hits fresh lows on US tariffs, outflows

The rupee depreciated 3.7 per cent in H1FY26, hitting new lows on US tariffs, foreign outflows and crude prices, while government bond yields swung on RBI policy shifts

Rupee hits fresh closing low of 88.76 on outflows, US dollar demand

The rupee closed at 88.76 per dollar, weighed by foreign outflows and corporate demand, even as RBI intervention capped losses; bond yields rose on higher borrowing

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

The domestic rate-setting panel kept the policy repo rate unchanged in August after a 50 basis points cut in June

H2FY26 borrowing calendar: G-sec yields set to fall as weekly supply eases

RBI's borrowing calendar extends weekly issuances into March and trims ultra-long supply, with the 10-year yield expected to open below 6.50 per cent on Monday

Banks park ₹90,931 cr at RBI's 4-day VRR auction, against notified ₹1 trn

A VRR auction is a monetary tool used by the central bank to inject short-term liquidity into the banking system, offering funds to banks at rates determined by market demand

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