In a strategic pivot, the Reserve Bank of India has cut down its deposits with other central banks and is now channeling more resources into US Treasury bills. This decision underscores a growing preference for assets that hold global liquidity, prompted by rising geopolitical tensions. Notably, India’s foreign exchange reserves have also been strengthened through this transition.
Silver Storm Parks & Resorts Limited Successfully Concludes IPO
Silver Storm Parks & Resorts Limited successfully concluded its initial public offering, raising ₹82.43 crore. The company’s Qualified Institutional Buyers category saw strong subscription interest.