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RBI to infuse Rs 1.25 trn; billion USD-INR buy-sell swap

RBI to infuse Rs 1.25 trn; $10 billion USD-INR buy-sell swap

Buy-sell swaps are primarily being deployed to lengthen the maturity of the forward book. Illustration: Dominic Xavier/Rediff Key Points A 90-day VRR auction for Rs 25,000 crore will be conducted on January 30. The RBI has maintained that OMO purchases

IDFC First Bank cuts savings account rates, introduces new balance slabs

IDFC First Bank cuts savings account rates, introduces new balance slabs

Private sector lender IDFC First Bank has lowered its savings account rates and introduced new slabs for small and medium balance categories, effective January 9, 2025, as per its website. Photograph: Courtesy, Wikimedia Commons The interest slabs and rates for