Latest news with #OpenMarketOperation
United News of India
14-05-2025
- Business
- United News of India
RBI to conduct OMO purchase of govt Securities for Rs 25,000 cr
Mumbai May 14 (UNI) The Reserve Bank of India (RBI) will conduct Open Market Operation (OMO )purchase for an aggregate amount of Rs 25,000 crore on Thursday. The bank will purchase government securities through a multi-security auction using the multiple price method. It reserves the right to decide on the quantum of purchase of individual securities, accept bids for less than the aggregate amount, purchase marginally higher/lower than the aggregate amount due to rounding-off, accept or reject any or all the bids either wholly or partially without assigning any reasons, RBI said in a release. UNI JS-NV PRS
&w=3840&q=100)
Business Standard
13-05-2025
- Business
- Business Standard
Stock Market LIVE Updates: GIFT Nifty signals gap-down start for Nifty, Sensex; Asia markets gain
7:47 AM Stock Market LIVE Updates: Govt bonds, rupee seen gaining as India-Pakistan border tensions ease Stock Market LIVE Updates: Government bonds and the rupee were expected to strengthen on Tuesday as tensions between India and Pakistan eased following a mutual understanding between the two nations. Bond dealers anticipated that the yield on the 10-year benchmark government bond would soften by 3-4 basis points, buoyed by positive market sentiment and Open Market Operation (OMO) auctions conducted by the Reserve Bank of India (RBI). 7:45 AM Stock Market LIVE Updates: FPI flows resume after a day's pause as India, Pak ease border tensions Stock Market LIVE Updates: Foreign portfolio investors injected ₹1,246.5 crore into Indian markets following a weekend ceasefire that helped ease border tensions between India and Pakistan. Stock exchange data reveals that FPIs had been net buyers for 16 consecutive sessions from April 15 until last Thursday, infusing ₹49,000 crore into Indian stocks. This sustained investment drove a nearly 10 per cent surge in the Nifty index, marking their longest buying streak since June-July 2023. That previous streak coincided with a 10 per cent drop in the Dollar index from its 2025 peak, largely influenced by US tariffs and recession concerns. Meanwhile, the Indian rupee also saw gains, rebounding from a low of 88 in February to below 84 this month. READ MORE 7:35 AM Stock Market LIVE Updates: Asia-Pacific markets mostly climb Stock Market LIVE Updates: Markets in the Asia-Pacific region were mostly higher on Tuesday, after a massive rally on Wall Street in light of the US and China agreeing to a trade deal, and reduce tariffs on each other's goods. Hong Kong's Hang Seng index was lower by 0.9 per cent, while mainland China's CSI300 was higher by 0.6 per cent. Japan's Nikkei 225 had climbed 1.77 per cent, and the broader Topix index had advanced 1.34 per cent. South Korea's Kospi index higher by 0.22 per cent and the small-cap Kosdaq added 1.35 per cent. Australia's S&P/ASX 200 index was ahead by 0.55 per cent. 7:26 AM Stock Market LIVE Updates: Wall Street futures lower after overnight rally Stock Market LIVE Updates: Wall Street futures were lower after the overnight rally in US Stocks on the back of the trade deal between the US and China. Dow futures were down 0.18 per cent, S&P 500 futures were lower by 0.26 per cent, and Nasdaq futures were lower by 0.34 per cent. Overnight, on Wall Street, the Dow Jones climbed 2.81 per cent to close at 42,410.10, the S&P 500 surged 3.26 per cent to end at 5,844.19, and the Nasdaq Composite advanced 4.35 per cent to settle at 18,708.34.
&w=3840&q=100)
Business Standard
12-05-2025
- Business
- Business Standard
Govt bonds, rupee seen gaining as India-Pakistan border tensions ease
Government bonds and rupee were expected to strengthen on Tuesday after India and Pakistan tensions eased after both the countries reached an understanding. Bond dealers said that the 10-year benchmark government bond yield was expected to soften by 3-4 basis points on Tuesday as the market sentiment remained strong on the back of Open Market Operation auctions conducted by the Reserve Bank of India (RBI). 'We might open 3 basis points- 4 basis points (yield on benchmark bond) lower on Tuesday because of the understanding between the two countries. Now, we are looking at rate cut and the liquidity infusion through OMO, which is positive for the market,' he added. The benchmark yield had settled at 6.38 per cent on May 9 after moving beyond the psychologically crucial 6.40 per cent mark during the week. The rupee depreciated by 0.98 per cent during the week. On Thursday, the domestic unit experienced its steepest single-day decline in over two years, erasing all gains for both the current calendar and financial years. However, the central bank's intervention through dollar sales helped stabilise the currency, leading to a recovery on May 9. By the end of the week, the rupee had appreciated by 0.27 per cent for the calendar year and 0.1 per cent for the financial year. 'We expect the rupee to open near 85 per dollar mark, if not beyond. The dollar index will be in focus, because after the pause (by the US Federal Reserve), there is upside risk there. The volatility should settle now,' said the treasury head at a private bank. On May 9, rupee snapped three consecutive days of losing streak to settle 34 paisa stronger at 85.38 per dollar, against the previous close of 85.72 per dollar, on the back of dollar sales by the central bank, after falling 85.87 per dollar against the greenback in the early trade.
Express Tribune
07-02-2025
- Business
- Express Tribune
Reserves rise to $16.1b on $46m boost
Listen to article KARACHI: Pakistan's total liquid foreign reserves increased by $46 million to reach $16.1 billion. As of January 31, 2025, Pakistan's total liquid foreign reserves stood at $16,044.1 million, according to the State Bank of Pakistan (SBP). These reserves included $11,418.3 million held by the SBP and $4,625.8 million held by commercial banks. During the week ending January 31, SBP reserves increased by $46 million, reaching $11,418.3 million. Moreover, the SBP conducted an Open Market Operation (OMO) through a Reverse Repo Purchase (Injection) on February 6, 2025, injecting Rs1.1 trillion into the market. A total of nine quotes were received for a 4-day tenor, with an interest rate range of 12.11% to 12.05%. As per the OMO result, the SBP accepted Rs1,056.5 billion against the total offered amount of Rs1,094.8 billion for a 7-day tenor at an accepted rate of return of 12.07% per annum. A total of six quotes were accepted in this operation. Meanwhile, after reaching an all-time high in the previous session, gold prices in Pakistan experienced a minor correction on Thursday as the market anticipates a more significant adjustment. The price of gold per tola fell by Rs900, settling at Rs298,700, while 10-gram gold dropped by Rs772 to Rs256,087, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This decline follows a sharp increase of Rs5,300 per tola on Wednesday, when gold surged to Rs299,600 due to heightened investor interest amid ongoing trade tensions between the United States and China. In the global market, gold prices also dipped on Thursday. According to APGJSA, the international rate stood at $2,859 per ounce, marking a $9 decrease for the day. According to Adnan Agar, Director of Interactive Commodities, the current drop in gold prices represents a mild correction, but a more significant correction is yet to be seen. However, he noted that in a bullish market, corrections can sometimes be delayed or may not happen at all. Additionally, he highlighted the importance of the upcoming US Non-Farm Payroll (NFP) employment data, set to be released tomorrow. This data will play a crucial role in shaping market sentiment and could influence gold prices in the coming days. Globally, gold prices slid 1% on Thursday as the US dollar firmed ahead of a key jobs report and investors booked profits after bullion recorded consecutive record peaks in the previous five sessions on the back of escalating trade tensions between the US and China. Spot gold slipped 1% to $2,835.31 per ounce after hitting an all-time high of $2,882.16 on Wednesday. US gold futures dropped 1.3% to $2,856.30. Furthermore, the Pakistani rupee saw a slight decline against the US dollar, depreciating 0.07% in the interbank market on Thursday. By the end of the trading session, the rupee settled at 279.15, marking a loss of 19 paisa against the greenback, as per data from the State Bank of Pakistan (SBP). On Tuesday, the rupee had closed at 278.96, while the currency market remained closed on Wednesday due to the Kashmir Day holiday.
Reuters
27-01-2025
- Business
- Reuters
India central bank announces slew of measures to inject liquidity to banking system
Jan 27 (Reuters) - The Reserve Bank of India, on Monday, announced a slew of measures to inject liquidity into the banking system. The central bank will conduct Open Market Operation purchase auctions of government securities worth 600 billion rupees ($6.96 billion) in three tranches and hold a 56-day variable rate repo auction for 500 billion rupees on Feb. 7, it said in a statement. The RBI will also conduct a USD/INR buy/sell swap auction of $5 billion for a tenor of six months. ($1 = 86.2540 Indian rupees)
