A ₹50,000 crore Open Market Operation auction saw better-than-expected demand, leading to a rally in bond yields. The 10-year benchmark yield dropped four basis points to 6.65%. This operation, part of the RBI’s liquidity infusion measures, is expected to move system liquidity into a comfortable surplus.
Fractal Analytics raises Rs 1,249 crore from anchor investors ahead of IPO
Fractal Analytics raised Rs 1,249 crore from 52 anchor investors at Rs 900 per share ahead of its IPO opening February 9. Strong domestic and