Indian markets rebounded on October 1 after eight sessions of losses. The Reserve Bank of India maintained repo rates, revising inflation forecasts lower. This decision supported investor confidence. Bank stocks saw gains as RBI increased loan limits. The Indian rupee strengthened against the US dollar. Falling crude oil prices and positive global cues also contributed to the market surge.Read More
Fabtech Technologies and OM Freight Forwarders are in their third day of IPO bidding. By Day 2, Fabtech achieved full subscription, while OM Freight Forwarders saw 2.23 times oversubscription. Fabtech’s GMP stands at 1%, indicating moderate interest, whereas OM Freight’s stronger 2.2% GMP reflects higher investor confidence.Read More
RBI raises credit limits: Loan against shares ceiling hiked from Rs 20 lakh to Rs 1 crore, and IPO financing limit increased to Rs 25 lakh. Governor Sanjay Malhotra said these measures, part of five steps to boost credit, follow a 100-bps rate cut in 2025.Read More
India’s central bank intervened in currency markets on Wednesday, selling dollars through state-run banks to support the rupee. This action occurred ahead of a crucial policy decision, with traders anticipating a potential rate cut. The rupee, which opened slightly higher at 88.7750 per dollar, was lifted from its all-time low near 88.Read More
India’s central bank proposed measures to boost the rupee’s global use, including allowing local banks to lend in rupees to businesses in neighboring countries for trade. It will also establish reference exchange rates and permit foreign entities to invest surplus vostro account rupee balances in corporate bonds and commercial papers.Read More
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