🗞️ India’s Balance of Payments Could Post a $60–65 Billion Surplus
India’s balance of payments is expected to record a US$60–65 billion surplus in FY27, according to HDFC Bank, even as the current account deficit is projected to widen.
Strong capital inflows and foreign-currency mobilisation could provide an important buffer for India’s external finances, particularly at a time when crude prices, global yields and currency volatility remain key risks.
💬 Expert Take — “A sizeable BoP surplus can strengthen India’s external buffer and give the RBI greater room to manage currency volatility. The composition of those inflows, however, matters because stable long-term capital is more durable than flows driven by temporary incentives.”
🗞️ RBI Absorbs ₹6.02 Lakh Crore of Excess Liquidity
The RBI has mopped up ₹6.02 lakh crore through Variable Rate Reverse Repo auctions, compared with its intended absorption of ₹8.5 lakh crore.
The large operation reflects abundant liquidity in the banking system. VRRR auctions allow the central bank to temporarily absorb excess funds and help keep short-term money-market rates aligned with monetary-policy objectives.
💬 Expert Take — “The sheer size of the liquidity absorption shows how dramatically banking-system liquidity has changed. For markets, the important signal is how the RBI balances abundant liquidity with its objective of keeping overnight rates aligned with the policy framework.”
🗞️ RBI Could Face an $11 Billion Bill on Foreign Deposit Plan
The RBI could face an estimated US$11 billion cost linked to its foreign-deposit mobilisation plan, as the central bank manages the consequences of measures introduced to attract foreign-currency funds.
The programme has helped draw substantial dollar inflows, but the potential cost highlights the trade-offs involved when central banks use swap facilities and other incentives to strengthen foreign-currency liquidity.
🗞️ Centre Sees No Major Cost Pressure From Dollar Inflows
Despite concerns around the cost of India’s foreign-deposit measures, the Centre reportedly sees no significant cost problem for the RBI from the recent surge in dollar inflows.
The differing assessments put greater focus on how the eventual costs of the programme are calculated and weighed against the benefits of stronger forex liquidity and currency stability.
🗞️ NSE IPO Could Be Worth ₹30,000 Crore
The long-awaited NSE IPO could have an issue size of around ₹30,000 crore following a regulatory green signal from SEBI.
An offering of that scale would make NSE’s listing one of the most closely watched IPO events in India’s capital markets, given the exchange’s central role in the country’s trading ecosystem.
🗞️ Economists Debate India’s GDP Data and Reform Priorities
Economists Surjit Bhalla and Montek Singh Ahluwalia have weighed in on questions surrounding India’s GDP data, employment and the next phase of economic reforms.
The discussion comes after India’s recent growth numbers renewed debate around how economic performance should be measured alongside employment generation and structural reforms.
🗞️ SEBI Reportedly Moves Ahead in Hindenburg-Adani Case
SEBI is reportedly moving ahead with action involving Hindenburg Research and others in matters related to the Adani case.
The development brings renewed attention to a regulatory episode that has remained closely watched by investors since Hindenburg’s original report on the Adani Group.
🗞️ Sensex Rebounds More Than 360 Points
Indian equities recovered, with the Sensex and Nifty ending higher amid continued monitoring of geopolitical tensions and global market conditions.
The Sensex gained more than 360 points, while the Nifty managed a smaller advance as investors remained selective across sectors.
📊 Market Update
📈 Sensex: 76,515.43 ▲ 362.57 (+0.48%)
📈 Nifty 50: 23,897.70 ▲ 24.25 (+0.10%)
🪙 Gold (per gram)
24K: ₹15,666 ▲ ₹131
22K: ₹14,360 ▲ ₹120
18K: ₹11,749 ▲ ₹98
🥈 Silver: ₹2,50,000/kg