Anjali Kumari
Anjali Kumari
Net liquidity in the banking system was in a deficit of ₹2.32 trillion as of Thursday, and has been in deficit mode for the past fourteen consecutive weeks
Indusind raises nearly Rs 15,000 via CDs this week with PSBs take a major chunk
Moreover, total foreign portfolio investment in Indian government securities designated under the Fully Accessible Route (FAR) reached Rs. 2.96 trillion as of Thursday
"There are few days left in the financial year (FY25). Liquidity conditions will ease and after the rate cut, yields will soften," a source said
Rupee's REER drops to 102.37 in February
On Monday, the lender had raised Rs 11,000 crore by issuing CDs across a range of maturities, with coupon rates varying between 7.80 per cent and 7.90 per cent
IndusInd Bank raised Rs 11,000 crore by issuing certificates of deposit (CDs) across a range of maturities
The local currency strengthened by 23 paise to settle at 86.57 per dollar, against the previous close of 86.80 per dollar
Traders now eye the US Federal Reserve meeting outcome for further cues on dollar movement, said dealers
In the previous auction, the cut-off yield on 10-year state bonds was set in the range of 7.18 per cent to 7.27 per cent
Despite rising yields, firms rush to raise funds, pushing FY25 issuances to a new record
The RBI's active intervention in the foreign exchange market to avoid sharp decline in rupee against the dollar has been weighing on the banking system liquidity
The central bank announced open market operations (OMO) auctions to purchase government securities worth Rs 1 trillion in two tranches of Rs 50,000 crore each on March 12 and March 18
The dollar index dropped 0.6 per cent to 104.9, its lowest level since November 2024, amid concerns over the US growth outlook and uncertainty about the impact of trade tariffs on growth and inflation
14 states raised Rs 50,500 crore through bonds at the auction
This was the second swap auction by the central bank, after it infused $5 billion via a six-month swap on January 31
"India should have a global consumer brand in 5 years"
The rupee opened six paise weaker against the greenback, tracking the rise in the dollar index
After January's bond market turmoil, triggered by geopolitical events, large-ticket issuers have rushed to raise funds despite rising corporate bond yields due to tight liquidity and increased supply
Domestic competitiveness will 'ultimately' determine progress in that task, he says