Page 5 - Anjali Kumari

Sidbi pulls out ₹6,000 crore 3-year bond issuance as yields harden

Investors sought higher yields for SIDBI's three-year bonds as government bond yields hardened amid rising crude oil prices and higher US Treasury yields

Rupee, bonds witness sell-off as crude oil, US Treasury yields rise

The rupee settled at 95.96 per dollar, while the benchmark 10-year government bond yield rose 6 basis points to 7.11 per cent, its highest level since May 21

Fair case for rupee to appreciate from current levels: RBI's Poonam Gupta

RBI Deputy Governor Poonam Gupta sees a case for rupee appreciation as the current account deficit shrinks and capital flows improve, potentially later this financial year.

Bank unions to go ahead with 3-day strike despite govt, management appeals

Unions will strike from September 28 to 30 after talks failed to resolve their demand for a five-day banking week; an indefinite strike is planned from October 26

Rupee extends gains for fifth straight session tracking fall in crude oil

The rupee settled at 95.59 per dollar as falling crude prices and likely dollar sales by state-run banks supported the currency; the 10-year bond yield fell 4 bps

RBI clarifies novation rules for over-the-counter derivative contracts

The central bank says subsequent novation after an OTC derivative contract has been accepted for settlement by a central counterparty will follow the revised directions

RBI OMOs reduce liquidity to ₹6 trn; GST outflows help absorb surplus

The increase in currency in circulation and the rise in reserve requirements as the deposit base expands could absorb a part of the surplus over the coming months

FinMin asks PSB chiefs to limit impact of proposed 3-day bank strike

Public sector banks have issued advisories asking customers to complete important transactions in advance and use digital channels during the September 28-30 strike.

PSBs see rate repricing as margin reprieve amid RBI rate hike expectations

High exposure to repo-linked RAM loans could help public sector banks reprice assets faster than deposits if the RBI raises rates

FinMin to meet bankers ahead of three-day staff strike next week

The finance ministry will meet chiefs of PSBs, RRBs, IBA and Nabard to review contingency plans ahead of the three-day nationwide bank strike from September 28

Banks likely to see 15-20 basis points rise in FCNR(B) deposit costs

Rise due to hedging costs on interest, not absorbed by RBI

RBI may take until Q2FY28 to absorb ₹4 trn durable liquidity surplus

Economists expect the central bank to use OMO sales, sell-buy swaps and other liquidity-management tools to gradually absorb the durable surplus

Record $44.9 bn surge in a week makes India 4th-largest Fx holder

Gold reserves, by contrast, declined by $2.59 billion to $113.81 billion during the week as gold prices fell 0.56 per cent to $4,429 an ounce

RBI bites the durable liquidity bullet with ₹1 trillion bond sales

10-year bond yield hits 7% after three months

RBI plans to drain ₹5 trillion through 26-day liquidity mopup bid

Central bank will conduct a 26-day VRRR auction on Friday to absorb surplus banking-system liquidity; funds placed in the auction will be reversed on October 7

PFRDA forms panel to work on guaranteed pension product for non-govt sector

Regulator is working on multiple products leading to a guaranteed offering; guidelines for innovative bonds and the Swasthya scheme are expected in the coming days

Canara Bank to raise up to ₹4,500 crore via AT1 bonds next Wednesday

The Basel III-compliant perpetual bonds will have a call option after five years, while the coupon rate is expected to be in the range of 7.85-7.90 per cent

L&T, IIFL Finance follow REC into India's emerging tokenised bond market

L&T raised Rs 500 crore and IIFL Finance Rs 25 crore through tokenised bonds, following REC's debut issue as issuers test the new blockchain-based settlement framework

Oil tops $100, rupee breaches 95/$ as stocks reel on US-Iran tensions

The rupee touched a low of 95.23 against the dollar before settling at 95.11 as Brent crude topped $100 a barrel; dealers cited RBI intervention in spot and swap markets

Rupee sees worst day in eight weeks as elevated crude renews pressure

Rupee settles at 94.83 per dollar against 94.49 previously as rising crude oil prices, importer hedging and persistent risk-off sentiment boost dollar demand