RBI to deploy to Rs 50,000 cr, Vi 5G Launch, Tata Motors, REC's dividend, & more -

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News

  • The RBI will deploy Rs 50,000 crore in the market by purchasing government securities through an auction on 25 March.

  • Bank of Japan kept its short-term interest rate unchanged at 0.50% in its March meeting.

  • Euro Area’s annual inflation rate fell to 2.3% in Feb (vs 2.5% in Jan). Core inflation (excludes food, energy, alcohol and tobacco) also fell to 2.6% (vs 2.7% in Jan).

  • Edtech company Physics Wallah has filed draft papers with SEBI for an IPO through a confidential filing route: as per multiple media reports.

Stocks Updates

REC: declared an interim dividend of Rs 3.60 per share with 26 March as the record date.

Tata Motors: will raise Rs 2,000 crore through non-convertible debentures on a private placement basis with a coupon rate of 7.65%.

Indian Overseas Bank: board approved raising Rs 10,000 crore through long-term infra bonds.

Vodafone-Idea (Vi): launched 5G services in Mumbai. The company is also informally talking to satellite communication providers like Starlink to expand its services.

Bajaj Auto: will invest Rs 1,500 crore in its subsidiary Bajaj Auto Credit Ltd in FY 2025-26.

Hyundai India: will increase its prices by up to 3% starting in April.


A fall in the USD INR rate indicates that the Rupee is getting stronger as compared to the US dollar, hence it is presented in green. A rise represents weakening of the Rupee as compared to the US dollar, hence it is shown in red.

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