Morning alert..
*RBI net buys $561 million in June amid foreign inflows*
The Reserve Bank of India (RBI) net bought $561 million in June, against a net sale of $6.10 billion in May. This was the RBI’s first net purchase since February, after it remained a net seller for three consecutive months amid forex market intervention during the West Asia crisis. It bought $30.89 billion and sold $30.33 billion during the month. The rupee appreciated 0.36 per cent against the dollar in June. The RBI and the government announced a series of measures in June to attract foreign capital. The RBI expanded the Fully Accessible Route (FAR) to include 15-year, 30-year and 40-year government securities, allowing foreign investors to invest in them without existing maturity restrictions. It also introduced a concessional foreign exchange swap facility for eligible external commercial borrowings and allowed banks to raise fresh three-to-five-year FCNR(B) deposits, with the RBI bearing the full hedging cost. Separately, the government exempted foreign portfolio investors from tax on interest income and capital gains arising from government securities, effective April 1, 2026. The move was aimed at improving post-tax returns and making Indian government bonds more attractive to overseas investors. The RBI’s gold holdings remained unchanged at 880.52 metric tonnes as of the week ended July 31. The outstanding net short dollar position in the forward market fell to $103.33 billion at the end of June from $106.67 billion a month earlier. Short positions with maturities of less than one year fell to $40.33 billion from $50.59 billion, while those with maturities of more than one year rose by $8 billion to $64.21 billion.
*Global market action*
Dow Jones – Down by 0.06% or 32.41 points
FTSE – Up by 0.29% or 31.84 points
CAC – Down by 0.16% or 13.81 points
DAX – Up by 0.61% or 159.54 points
Gift Nifty – Up by 0.30% or 74.50 points
*FII/DII activities*
FII – Bought 1593.53Cr worth of shares
DII – Bought 230.26Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 20.6x
Nifty Bank – 13.6x
*Stocks with high delivery percentage*
Vedant Fashion Ltd – 96.6%
Shree Cement Ltd – 87.4%
ZF Commercial Vehicle Control Systems India Ltd – 87.4%
Emami Ltd – 81.7%
Anupam Rasayan India Ltd – 80.9%
*Primary market activities*
Listing today
Gaja Alternate Asset Management Ltd (Main board) – Subscribed 32.98x
Mopshop Distribution Ltd (BSE SME) – Subscribed 1.64x
Dhanwel Hybrid Seeds Ltd (BSE SME) – Subscribed 1.71x
*Commodities updates*
Gold – Rs 163029/10gm, Silver – Rs 244328/kg, Brcrude – Rs 7834/barrel, Copper – Rs 1388.85/kg.
August 26, 2026 7.3K 4
