9 Jun: India closed green on home policy | RBI deposit window, Nifty +0.52%

India closed green on Tuesday, but the gain was made entirely at home. The RBI opened a new window letting banks raise cheaper foreign-currency deposits from Indians abroad, taking on the currency-risk cost itself. Bank stocks jumped and lifted the index, while foreign investors kept selling and the rupee still fell.Chapters:0:00 India closed green, on home policy0:27 Where the market closed: Nifty +0.52%0:59 The more telling part: foreign money still left1:27 The policy backdrop: yield at a four-week low1:52 The movers: JNK, defence, LTTS2:27 What to watch Friday: CPI and the rupee2:49 Sign-off and disclaimerIn this episode:• Nifty 50 +0.52% at 23,242, a bank-led green; PSU Bank +3.6%, Bank Nifty +2%; IT the only red sector; VIX −8% to 15.6• The driver: RBI's FCNR-B deposit window, cutting banks' funding cost, on top of last week's FPI bond-tax ordinance (10Y yield to a four-week low 6.90%)• India sat out the North-Asia chip rip (Korea +8%); foreign investors net sellers −₹4,566cr, domestic funds +₹6,159cr, rupee still weaker, the green was home-made• Movers: JNK India +15.7% (Abu Dhabi order); Data Patterns +10% and Paras +8% (defence rebound); LTTS +8% on a unit sale• Watch Friday: May CPI (first read after the policy package) and the RBI's weekly reserves figure📩 Free daily brief: https://toroiq.substack.com/🎧 Listen (audio): https://open.spotify.com/show/033rwEHFh1kFDzi9G5SQv8𝕏 @toroiqGeneral market commentary, not investment advice. The author is not a SEBI-registered Research Analyst; RA registration is in process and has not been granted. For advice tailored to your situation, consult a SEBI-registered Investment Adviser. Markets are risky; you may lose money; act with care.Narration is AI-generated (Sarvam TTS); script and analysis by Nimit Mehra, CFA L3.