The Reserve Bank of India bought bonds worth ₹40,000 crore through open market operations to increase liquidity in the banking system. This brings their total bond purchases in February to ₹80,000 crore. Market participants anticipate further liquidity injections through similar operations or repo auctions. RBI had also made significant bond purchases in January.
JioBlackRock Investment Advisers gets Sebi nod to start advisory business
JioBlackRock Investment Advisers, the joint venture of Jio Financial and BlackRock, received Sebi and BSE approvals to operate as an investment adviser in India. The