Samarth Shah

[Samarth Shah @Samarth61643885]

@CaVivekkhatri EKC

[Samarth Shah @Samarth61643885]

@nakulvibhor Indo MIM

[Samarth Shah @Samarth61643885]

@CaVivekkhatri Indo MIM

[Paryan Sharma @Paryan_Sharma]

Anchor Book 📖
Manipal Payment & Identity Solutions IPO

Average Anchors

Top Domestic Funds are Clearly Missing

A total of 36 Names are present and size is around ₹362.2 Cr

Investors Present:
▪︎ Motilal Oswal MF
▪︎ Baroda BNP Paribas Fund
▪︎ Abakkus Fund (Sunil Singhania)
▪︎ ITI MF
▪︎ Groww MF
▪︎ New Mark Capital AIF
▪︎ Sageone Fund
▪︎ Sanshi Fund (Mukul Agrawal)
▪︎ Alchemy Capital
▪︎ CSIM India Fund
▪︎ Girik Multicap Fund
▪︎ Neo Prime Fund (Nitin Jain)
▪︎ Edelweiss Life Insurance
▪︎ ECL Finance Ltd (Edelweiss Group)
▪︎ Edelweiss MF
▪︎ Alpha Alternatives Fin Services
▪︎ Pranitya India Fund
▪︎ Svan Velocity Fund
▪︎ Abundant Capital
▪︎ Emerge Capital Opportunities
▪︎ Mint Fund
▪︎ Nomura Singapore Ltd
▪︎ Morgan Stanley Asia Pte
▪︎ Citigroup Global Markets

32.85% of Total Allocation taken by 4 Domestic MFs

#ManipalIPO

[Paryan Sharma @Paryan_Sharma]

Attended @alphaideas 's Event Today at Mumbai

Got to meet so many Like Minded People and Experts from Investor Community

Uploading a Selfie with Dear fellows: @Tanmay_31_ and @manishlalwani9 ji

[CA Vivek Khatri @CaVivekkhatri]

RBI did not print $136 billion.

It borrowed time in dollars.

1. The number

RBI press release, 2 Sept 2026.
Provisional. Till 31 August.

FCNR(B) deposits → $127.226 billion
Overseas foreign-currency borrowing → $5.260 billion
Company foreign loans (ECB) → $3.891 billion

Total → $136.377 billion

93% is NRI deposits in dollars, euro, etc.
Not RBI money.
Not tax money.

2. How it works

NRI puts dollars in an Indian bank.
Bank gives those dollars to RBI.
RBI gives the bank rupees for now.

After 3 to 5 years
→ the swap turns back
→ dollars go the other way

RBI gets a pile of dollars today.
RBI owes those dollars later.

That is a buffer.
Not a gift.

3. Why they did it

Oil was expensive.
Foreigners were selling Indian shares.
The rupee was under pressure.

So RBI opened this window on 8 June 2026.

Banks and markets first guessed $70–80 billion.
The rush was bigger.

21 August: $72.85 billion
31 August: $136.38 billion

Almost $64 billion came in the last 10 days.
FCNR alone jumped by $62 billion in that sprint.

RBI shut the deposit window one month early.
It was meant to run till 30 September.
It closed on 31 August.

Banks can still swap deposits already booked, till 11 September.
Company loans and overseas bank borrowing stay open till 31 December.

4. The 2013 comparison

Same tool, smaller fire.
2013 taper tantrum: about $26 billion of FCNR(B).

2026 FCNR(B): $127 billion.
About 5 times that haul.

Most of this money is locked 3–5 years.
A lot of it is 5-year money.

5. The line people will get wrong

This is not $136 billion of extra permanent reserves.
The figure is still being checked and matched.
When the swaps mature, the dollars must be given back.

What it does give India now:
more dollars to defend the rupee
if oil spikes
or if foreign money runs again.

RBI did not print dollars.
It pulled dollars in
and signed a date to send them back.

That date is the other half of the story.

[Samarth Shah @Samarth61643885]

@sunilgurjar01 EKC

[Samarth Shah @Samarth61643885]

@nakulvibhor Sir still holding 1140 and 1060 what to do ?

[Samarth Shah @Samarth61643885]

@kyalashish @xrp1mil Happy Guru Purnima Sir to an amazing stock market mentor🙏🏻🙌🏻 ,Your guidance is truly invaluable.
God bless you .
Thank you for your valuable insights and analysis

[Samarth Shah @Samarth61643885]

@camangalarvind EKC

[Samarth Shah @Samarth61643885]

@CaVivekkhatri Views on nifty for next week

[Samarth Shah @Samarth61643885]

@CaVivekkhatri Good pick sir 👍🏻

[Samarth Shah @Samarth61643885]

@nakulvibhor Cochin shipyard