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Value of CDs climbs to Rs 5.75 trn, rates cross 7% for marquee banks

Value of CDs climbs to Rs 5.75 trn, rates cross 7% for marquee banks

The data from Clearing Corporation of India shows that HDFC Bank raised Rs 450 crore at 7.01 per cent in one-year money, while IndusInd Bank borrowed Rs 1,075 crore at 7.49 per cent for the same tenor. Illustration: Uttam Ghosh

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