RBI on May 16 bought back government securities worth Rs 2,069.999 crore, sharply lower than the notified amount of Rs 60k crore. On May 10, the central bank said it would buy back Rs 60k crore worth of government securities on May 16. The securities offered for buyback were 6.18% GS 2024, 9.15% GS 2024 and 6.89% GS 2025, maturing on November 4, November 14, and January 16, the central bank said.
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Go Digit General Insurance IPO subscription status: On day two of subscription, retail investors responded to Go Digit IPO with enormous enthusiasm, but somehow struggled to get fully booked. Go Digit General Insurance IPO received 79% subscription on the second day of bidding on Thursday. The portion for Retail Individual Investors (RIIs) got subscribed 2.54 times.
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Stress in the euro zone market for home loans is "manageable" despite higher interest rates stretching borrowers and lax checks by some banks, the European Central Bank said on Wednesday. Record high interest rates, imposed by the ECB to bring down inflation, have taken a toll on house prices, particularly in countries where there had been boom when rates were low.
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