• Indian currency has fallen to record low of 64.58 against the dollar despite continuous RBI intervention
in the markets over the past few days. According to traders, RBI was seen selling dollars via PSU's at
around 64.40 levels.
• The RBI said that it will purchase Rs.8,000 crore worth of bonds via open market operations on Thursday
and it will calibrate its purchases in the future, when needed.
• In order to reduce MTM losses on banks' investment portfolios, it has allowed banks to shift a part of
their AFS portfolio to HTM and these measures will restrict a sharp rise in long-term yields.