Malpani Pipes and Fittings’ IPO allotment will be finalized today, with a subscription over 140 times due to high demand from non-institutional investors. Investors can check allotment status via BSE or Link Intime India. The IPO, priced at Rs 90, aims to fund machinery purchases, debt repayment, working capital, and corporate purposes.
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows