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Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions
Oil prices rose as Houthi attacks in Saudi Arabia increased tensions and led to US diplomatic withdrawals. Brent crude futures gained $1.29, while US West
Systemic liquidity seen uneven as some banks continue market borrowing
Several banks in India have been borrowing from the market despite substantial foreign currency non-resident deposits inflow. This situation indicates that excess liquidity is not
Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a
Why is the RBI pulling liquidity out of banks and injecting it back again?
Reserve Bank of India has significantly reduced banking system liquidity from a peak surplus in a short time. Liquidity surged after banks received funds from
SBI investigates dark web leak of 3.8 lakh records
State Bank of India is currently investigating a suspected data breach involving customer information found online. The breach reportedly exposed around 375,000 records containing personally
Rupee soars to 6-week high on Jio IPO flows, weaker dollar
On Wednesday, the Indian rupee closed at a six-week high of 94.46, gaining 46 paise from its previous close. This increase was driven by strong