Bank borrowing from Reserve Bank of India has fallen to a seven month low, on government spending, as liquidity shows signs of easing.
Spread on buyer's credit has fallen below 100 basis points from 160 basis points in February 2012.
Even if economic growth rate falls to multi-year lows RBI could not ease rates aggressively for fear of fueling inflation, one of the factors that has halted investments.
Future Generali India Insurance has insured the A R Rahman live concert in Mumbai at D. Y. Patil stadium, Navi Mumbai on May 26 for Rs 4 crore.
Power Finance Corporation is looking to raise Rs.1000 crore through a medium term bond issue.
Capital account measures coupled with direct intervention in the forex market could help bring correction.
The rupee stands out as a weak currency when compared with its peers such as Chinese Yuan, Brazilian Real and South African Rand.
HDFC is looking to raise Rs.400 crore through an eighteen month bond, placing the bonds privately.
Primary dealers who underwrite government borrowings have tripled their commission demands in FY13.
Foreign investors refrained from buying longer-tenor government debt, though they aggressively bid for corporate papers for the attractive yields.
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