Despite reaching new lows in CY24, the rupee beat the majority of Asian currencies because the Reserve Bank of India (RBI) intervened promptly. Over the year, it lost 1.5% of its value about the US dollar. The dollar index, which measures how the US dollar performs about a basket of six major currencies, is down…
The largest lender in the nation, State Bank of India Ltd. (SBI), said that it issued its eighth infrastructure bond on November 18th, raising Rs 10,000 crore at a coupon rate of 7.23%. “The issue attracted an overwhelming response from investors with bids above Rs 11,500 crore and was oversubscribed more than 2 times as…
On Friday, the State Bank of India announced that during the current fiscal year, it plans to raise up to Rs 50,000 crore through loan instruments from both domestic and international markets. The bank’s central board made this decision, according to a filing with the stock exchange by the biggest lender in the nation. The…
In order to finance the expansion of its international business, SBI, the largest public sector lender in the nation, raised USD 750 million on Monday under its USD 10 billion Global Medium Note program. Global investors contributed the funds at Gandhinagar’s GIFT International Financial Services Centre (), which is part of INX’s Global Securities Market…
The Reserve Bank of India, the pilot for the wholesale use of the digital rupee will start on Tuesday. The trial would involve using the digital rupee to settle secondary trades in government securities, which should improve the efficiency of the interbank market. Settlement in central bank money would lower transaction costs by avoiding the…
Markets saw a volatile day of trading as the pendulum swung. Both the Bank Nifty and the Nifty index closed around their highs, recovering their first-half losses in the second half of trading. Shares of the bank topped the list with shares such as SBI, ICICI Bank, and HDFC Bank. The Nifty PSU Bank Index…
Markets saw a negative trading day. Bank Nifty cut the Nifty index by 8 0.8% and both indices were down ~ 1.4% / 0.6%. Shares of Adani End, Adani Ports, SBI, and ICICI Bank added short-term gains, while Adani Group shares and financial stocks were the best performers. The Nifty Midcap 100 index closed 1.3%…
The SGX Nifty is at 15,789.80, up 36.65 points. The Nifty had an excellent pullback session above 100 points. Banks and financial services made profits with Bajaj twins SBI and Sindh Bank. Mid-caps also followed gains as the width was positive with some downsides like Auto & Cement. As retail runs give hope to the…
Markets saw a positive day of trading as the board weighed a narrow cover. Bank Nifty surpassed the Nifty index by 0.3%, with both indices closing in the green. Bank heavyweights such as SBI and ICICI Bank saw a short cover during trading, which closed intraday highs. The Nifty Media Index ended 4.5% higher with…
Markets saw a negative day of trading as board profit bookings weighed. Bank Nifty fell Nifty .1 0.1% and both indices closed in the red. Large-cap stocks such as Reliance, ICICI Bank, and SBI saw long positions unaware as profit bookings weighed. The Nifty Midcap 100 index closed 0.6% lower. The market width ended in…
