According to the RBI’s notification, the auction will take place between 10:30 AM and 11:30 AM on January 31, 2025. The near leg (spot) settlement date for the swap is February 4, 2025, while the far leg settlement date is August 4, 2025.
The Reserve Bank of India (RBI) conducted a one-day Variable Rate Repo (VRR) auction on January 28, 2025, to address
India must decide whether it wants to be a global technology leader or remain a mere participant in someone else’s game. The path forward requires ambition, investment, and a cultural shift that celebrates meaningful innovation over fleeting conveniences.
At their core, these measures aim to inject liquidity into the banking system, ensuring that financial institutions have the resources they need to support credit growth and meet funding demands. The OMO purchase of ₹60,000 crore in government securities across three tranches serves a dual purpose
The central bank will conduct Open Market Operations (OMO) through the purchase of Government of India securities amounting to ₹60,000 crore. These will be carried out in three tranches of ₹20,000 crore each on January 30, February 13, and February 20, 2025.
The central bank has appointed Shri Ram Kumar, former Chief General Manager of Punjab National Bank, as the Administrator for the company under Section 45-IE(2) of the RBI Act. This move comes as part of RBI’s efforts to address financial and governance issues in the company and safeguard the interests of its stakeholders.
Wondering over the basis on which the Delhi bench of NCLT passed direction for fresh valuations, the appellate tribunal said Educomp Asia Pacific Pte Ltd (EAPPL) was being liquidated over the order passed by the High Court of Singapore and issues regarding the valuation of shares in The Learning Internet Inc could have been raised there in the proceedings.
The 30-share BSE barometer plunged by 824.29 points or 1.08 per cent to close at 75,366.17 with 23 of its constituents ending lower and seven with gains. During the day, the barometer plummeted 922.87 points or 1.2 per cent to a low of 75,267.59.
A sharply depreciating rupee sends all the wrong messages—higher risks, reduced returns, and an economy struggling to keep up. Left unchecked, it can trigger capital outflows, destabilizing markets and worsening the current account deficit. The RBI’s interventions reassure investors, acting as a firewall against such outcomes.
The Reserve Bank of India (RBI) conducted its daily Variable Rate Repo (VRR) auction on Monday, garnering significant interest from