January 20, 2025 05:34 GMT
INDIA: Country Wrap: RBI to use Swaps to Manage Liquidity.
INDIA
- RBI likely to use long-term buy-sell currency swaps for effective liquidity management: SBI Research (source: Hindustan Times).
- India's foreign exchange reserves hit 10 month low at $625 billion (source: BBG).
- India’s NIFTY 50 is starting the week off positively up +0.25%, following last week’s decline of nearly 1%.
- INR: Rupee is getting support from the positive day from regional peers and is up +0.14% at 86.49.
- Bonds: India’s 10YR finished last week at 6.76%, marginally lower in yield.
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