Anjali Kumari

3 weeks ago | rediff.com | Subrata Panda |Anjali Kumari

Foreign investment in bonds issued by Indian corporates touched a 10-year high in May at Rs 20,996 crore, driven by $3.35 billion fundraise by the Shapoorji Pallonji (SP) group, which saw infusion from Deutsche Bank, BlackRock, Morgan Stanley, Davidson Kempner, and Cerberus Capital, among others. The SP group sold three-year bonds, offering 19.75 per cent yield compounded annually and payable at maturity.

3 weeks ago | rediff.com | Anjali Kumari

Banks have been borrowing heavily from the Tri-Party Repo (TREPS) market and deploying those funds into the Standing Deposit Facility (SDF) of the Reserve Bank of India (RBI), which is offering higher interest rate than the former, leading to increased volumes in the SDF window. The weighted average TREPS rate was trading at 5.66 per cent on Monday, 9 basis points lower than the SDF rate which currently stands at 5.75 per cent.

4 weeks ago | rediff.com | Anjali Kumari |Subrata Panda

State-owned Life Insurance Corporation (LIC) on Thursday entirely subscribed to the Rs 5,000 crore bond issue of Adani Ports and Special Economic Zone (APSEZ) at a coupon rate of 7.75 per cent, said sources privy to the development. Photograph: PTI Photo from the Rediff Archives APSEZ tapped the domestic capital market on Thursday to raise Rs 5,000 crore through 15-year bonds. This was its largest ever rupee-denominated bond issue and also its first 15-year bond sale.

1 month ago | rediff.com | Anjali Kumari

The rupee has held its ground against the US dollar in the 2025 calendar year so far, but depreciated significantly against the euro and pound. It fell by 6.83 per cent, and 5.44 per cent against the euro and pound respectively, as the two currencies strengthened significantly against the greenback during the period. The unit was stable against the dollar with 0.01 per cent appreciation so far in 2025.

1 month ago | rediff.com | Anjali Kumari

The Reserve Bank of India (RBI) has started winding down its short position in the dollar forward book, after a gap of seven months, on the back of a softening dollar, while infusing funds via open market operations (OMOs) to counter the resulting liquidity drain. According to RBI data, the net short dollar position in the forward book (up to one year) stood at $64.2 billion at the end of March.