Page 5 - Anjali Kumari

PFC withdraws three-year bond issue as yields remain elevated in market

The state-owned lender raised ₹2,500 crore through a 15-year bond at a 7.55 per cent cut-off coupon, but withdrew its three-year issue after receiving bids at higher yields

Strong inflows via RBI's swap schemes lift reserves, fail to boost rupee

As RBI largely maintains hands-off approach to intervention

RBI forex swap facility attracts $72.85 billion inflows as of August 21

FCNR(B) deposits accounted for nearly 90 per cent of the total at $65.40 billion, while ECBs and OFCBs contributed $2.59 billion and $4.86 billion, respectively

Foreign currency assets fuel $50 bn forex reserve surge since June-end

Reserves have risen by nearly $50 billion since the last week of June, while foreign currency assets increased by $7.23 billion and gold reserves gained $2.68 billion

Bond yields harden, rupee slips on hawkish MPC, rising crude oil

Benchmark 10-year government bond yield rose to 6.85% during the week, while the rupee weakened to 95.71 per dollar amid higher crude prices and hawkish MPC signals

RBI aims to absorb ₹2.5 trillion via seven-day VRRR auction on Monday

The banking system had a liquidity surplus of Rs 3.5 trillion on Thursday, while banks parked Rs 95,970 crore in the three-day VRRR auction on Friday

RBI Central Board reviews global, domestic risks to economic outlook

The RBI's Central Board also reviewed various areas of the central bank's operations, including the functioning of its committees and the Ombudsman Scheme

Hawkish MPC minutes, crude oil price surge send bond yields higher

Benchmark 10-year government bond yield rises 5 basis points to 6.87 per cent as markets increasingly price in the possibility of a rate hike at the next policy review

Strong demand at RBI liquidity mop-up auctions; another ₹1.5 trn on Friday

RBI receives cumulative bids of Rs 1.91 trillion against the notified Rs 1.5 trillion as banks seek higher returns amid surplus liquidity and softer overnight rates

RBI's VRRR auctions draw ₹1.91 trn bids; ₹1.5 trn auction on Friday

Strong bank demand at RBI's VRRR auctions highlights surplus liquidity in the system, as the central bank seeks to keep overnight rates aligned with its 5.25% repo rate

Public sector banks underparticipate in forex derivatives mkt: RBI DG Jain

Local currencies will play an increasing role in cross-border trade and payments as settlement can lower transaction costs, currency mismatches and improve efficiency

Govt bond yields seen opening higher after hawkish RBI MPC minutes

Market participants expect the 10-year bond yield to rise 1-2 bps and the five-year yield 2-3 bps as traders factor in the possibility of a December rate hike

Five-year bond yield hardens as FCNR(B) position unwinding weighs on trade

Five-year bond yield hardens by around 10 basis points in two sessions as traders unwind FCNR(B)-linked positions following the RBI's early closure of the swap window.

Global headwinds: Robust swap inflows lift rupee just 0.1% vs 8.8% in 2013

Global factors weigh on the currency despite sizeable FCNR(B) inflows, as economists flag tight financial conditions, volatile energy markets and competition for capital

Rupee weakens, bond yields harden as RBI shuts FCNR(B) swap window early

The rupee settled at 95.61 per dollar, while the benchmark 10-year government bond yield rose to 6.81 per cent as the RBI's move raised concerns over dollar inflows

Inflows over $52 bn, RBI opts to shut FCNR(B) tap ahead of schedule

Forex booster gambit to end Aug 31, a month ahead of schedule

Limited supply, strong demand drive down long-tenor bond yields in FY27

NaBFID's ₹3,000 crore issue gets 2.8x bids on Friday

RBI Governor highlights central banks' role in price, financial stability

RBI Governor Sanjay Malhotra said cooperation among BRICS central banks is crucial to building a resilient, efficient and inclusive global financial system.

NaBFID eyes $3-4 billion via ECBs in FY27, plans 10-year dollar bond issue

The infrastructure lender plans to issue $500 million-$1 billion in 10-year bonds by September-end and expects a multilateral-backed loan of nearly $1 billion

SBI may tap overseas bond market again depending on liquidity needs

The lender raised $500 million through five-year dollar bonds at 88 bps over US Treasuries and could return to the overseas market depending on its funding and liquidity needs