JSW Infra IPO set to open on September 25
The ₹2,800-crore IPO of JSW Infrastructure, India’s second-largest commercial port, will open for bidding on September 25 and close on September 27. The company has fixed the IPO price band at ₹113-119 per share. Investors can bid for a minimum of 126 shares and in multiples of 126 shares thereafter. The IPO is entirely a […]
Liquidity in the banking system slips to 6-month low
Liquidity in the banking system in India has reached its lowest level in nearly six months, causing borrowing costs to rise. Outflows from corporate advance taxes and the Reserve Bank of India’s efforts to stabilise the rupee have drained lenders of funds. The RBI has injected funds into the banking system to address the tight […]
Rise in global commodities a threat even as easing local vegetable prices cool inflation: RBI bulletin
The Reserve Bank of India has warned of risks to the Indian economy due to rising crude oil prices, which are currently above $90 per barrel. While retail inflation has been brought down by lower vegetable prices, the report highlights the challenge posed by high oil prices. However, economists expect inflation to continue slowing in […]
Rupee makes new closing low of 83.27
While the rupee has been weakening against the US dollar over the past weeks, the depreciation in the Indian currency has been far more contained than in the previous year. This year, the rupee has shed 0.6% versus the dollar. In 2022, it had depreciated by about 10% versus the greenback.