The RBI will conduct a $5 billion USD/INR buy-sell swap auction on May 26 to inject long-term liquidity into the banking system and strengthen forex reserves. The move aims to stabilise rupee volatility amid global pressures and recent currency depreciation linked to geopolitical tensions and oil price shocks.
Sebi proposes to permit third-party payment in MFs in certain scenarios
The current regulatory framework mandates that all payments for investments in mutual funds must originate directly from the investor’s own bank account and be routed