Asia FX rangebound, dollar firms amid Iran peace uncertainty, U.S. jobs caution

The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher currency in circulation and maturing forward positions. Banking system liquidity is expected to peak in September due to FCNR(B) deposit inflows. Economists anticipate a surplus of around ₹4-5 lakh crore in the banking system….

The Indian stock market witnessed a mixed session on Tuesday as the Sensex rose over 100 points while the Nifty 50 dropped over 150 points to trade near 24,600. The divergence follows volatility from the newly introduced Closing Auction Session framework on the NSE amid widespread losses in sectoral indices.

The Rs 883 crore public issue was priced at Rs 152 per share and comprised a fresh issue of Rs 661 crore along with an offer for sale worth Rs 222 crore