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Institutional Buyers Over-Subscribe Central Bank Of India OFS By 2 Times; Put In Rs 2,380 Crore Bids
At the indicated price of Rs 31.01 a share, non-retail investors put in over Rs 2,380 crore worth bids for Central Bank OFS.
Central Bank Of India Stake Sale: Govt To Offload Upto 8% Equity Via OFS, Floor Price Set At Rs 31/Share
Central Bank Of India OFS will open for retail investors on May 25.
Engineers India Ltd leads losers in 'A' group
Ganesha Ecosphere Ltd, Central Bank of India, Max Healthcare Institute Ltd and GMR Power & Urban Infra Ltd are among the other losers in the BSE's 'A' group today, 22 May 2026.
Central Bank of India OFS: Govt to sell up to 8% stake in lender. Check key details
The Indian government is selling a stake in Central Bank of India. This offer for sale aims to raise over Rs 2,200 crore. The sale opens for institutional investors on May 22 and for retail investors on May 25. The government has set a floor price of Rs 31 per share.
Government to offload stake in Central Bank of India through an Offer For Sale; Details Here
At the end of the March quarter, the Centre held 89.27% stake in the bank, as per data available on the stock exchanges. Public shareholders held 10.73% stake in the lender. Of these, retail investors or those with authorised share capital of up to ₹2 lakh held up to 3.42% stake.
Central Bank Of India Stake Sale: Govt To Disinvest 4% Equity Via OFS, Floor Price Set At Rs 31/Share
Central Bank Of India OFS will open for retail investors on May 25.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
INR recovers from historic lows as oil pulls back; RBI announces $5 billion US Dollar/INR swap auction to defend rupee
The Indian rupee recovered well in opening trades on Thursday as global investors noted a slight pullback in crude oil prices over the recent comments on a potential final stage of the US-Iran conflict. INR opened at Rs 96.25 per dollar and hit a high of 96.05 so far during the day. Yesterday, the counter ended near the next critical level of 96.86, a new historic low. Meanwhile, in a major structural intervention to stabilise domestic financial markets, the Reserve Bank of India (RBI) has announced a $5 billion USD/INR buy-sell swap auction. Scheduled to take place next week on Tuesday, May 26, the central banks move is specifically engineered to inject durable, long-term Rupee liquidity into the commercial banking system. The Indian Rupee has faced persistent downward pressure, depreciating significantly against the American greenback in recent weeks due to ongoing global macroeconomic uncertainties and shifting foreign capital flows. By deploying this specialised monetary tool, ...
India's forex kitty drops by $7.79 billion to $690.693 billion: RBI
India's forex reserves dropped by USD 7.794 billion to USD 690.693 billion during the week ended May 1, the RBI said on Friday. In the previous reporting week ended April 24, the overall reserves had declined by USD 4.82 billion to USD 698.487 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year before the beginning of the Middle East conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. For the week ended May 1, foreign currency assets, a major component of the reserves, decreased by USD 2.797 billion to USD 551.825 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of gold reserves decreased by USD 5.021 billion to USD 115.216 billio
Gold to hit $8000 in 5 years? Why the yellow metal may be heading for a historic surge. Deutsche Bank explains
Gold prices may soar to $8000 within five years, driven by emerging market central banks accumulating gold and shifting away from the dollar. The report highlights structural changes in global reserves and geopolitical tensions as key factors in this trend.
Gold slips below ₹1.50 lakh per 10 grams; silver near ₹2.43 lakh per kg in India
Gold prices in India slip on MCX as global bullion nears one month lows, with analysts eyeing further downside amid strong dollar, oil and central bank risks.
Gold surges as US–Iran ceasefire weakens US dollar and fuels safe haven demand
Gold prices surged as US-Iran ceasefire talks weakened the dollar and heightened safe-haven demand. Ongoing geopolitical uncertainty, central bank buying, and inflation concerns support bullish sentiment, while upcoming data and fragile truce conditions may keep gold volatile yet upward biased.