Banks have parked a record ₹4.52 lakh crore in the RBI’s Standing Deposit Facility (SDF) at 5% overnight. This strategy allows them to borrow funds at lower rates, around 4.27% from the TREPS market and earn a significant spread by depositing with the central bank. This reflects substantial surplus liquidity in the banking system.
SpaceX IPO is said to be well oversubscribed, orders close Wednesday
SpaceX’s initial public offering is significantly oversubscribed, with demand building for a potentially record-setting debut. Banks are closing order books for institutional investors, with pricing