Bhaskar Dutta

Inflows under the Reserve Bank of India’s special overseas deposit facility have topped the $100 billion mark, the Financial Express newspaper reported Wednesday, citing officials it did not identify.

India’s rupee gained as the central bank garnered $136 billion under its capital-raising measures, far exceeding expectations and further boosting its war chest to defend the currency.

India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raised over 136 billion dollars through its specialized programs. This substantial financial inflow empowers the central bank to robustly guard the rupee. Consequently, the rupee has emerged as the second-best currency performer in Asia over the last month, a response to recent outflows aimed at bolstering its value.

Emerging-market equities rallied at the start of the week as optimism over new AI models boosted heavyweight tech stocks, helping counter the drag on sentiment from higher oil prices.

India’s central bank used currency swaps to drain cash from banks, according to people familiar with the matter, as excess funds in the financial system climbed to a record

B India's central bank used currency swaps to drain cash from banks, according to people familiar with the matter, as excess funds in the financial system climbed to a record.

Bets against India’s short-term bonds are rising, with traders wagering that yields will go up on the central bank’s efforts to drain excess cash from the banking system.

HSBC Holdings Plc’s Anita Mishra is set to become global head of corporate sales in London, moving from her position in Mumbai as India markets head, according to people familiar with the matter.

India’s foreign exchange reserves rose by the most on record following massive inflows under the central bank’s recent capital raising windows.

The Reserve Bank of India will drain liquidity worth 1 trillion rupees ($10.5 billion) through bond sales, a move that is likely to exert upward pressure on sovereign debt yields.