Investors lapped up bonds, pushing the yields lower, expecting a rally in debt securities as RBI accelerates its rate cuts to revive economic growth.
Investors lapped up bonds, pushing the yields lower, expecting a rally in debt securities as the central bank accelerates its interest rate cuts to revive economic growth.
Company fixed deposits that used to be a rage in the late 90s lost their charm as businesses begin to access funds easily from the banking system.
Rolta India, a Mumbai based IT services provider, is on a road show in Singapore to raise Rs.1100 crore by selling bonds denominated in Singapore dollar bonds.
Trading volumes in government bonds market rose to a historic high on Thursday as both foreigners and domestic investors lapped up securities in anticipation of faster interest rate cuts than what the Reserve Bank of India signaled at.
Subbarao has been stubborn on bringing down inflation before yielding on demand for sharp interest rate cuts to revive growth.
As the world looks more and more unpredictable, India should cut interest rates and figure out a way to compete with China.
Tata Steel looking to raise about 250 mn S'pore dollars in its first foreign currency bond issue this fiscal to repay some of its foreign loans.
Yields on corporate bonds across tenors have softened 15 basis points to as much as 100 basis points, fuelled by a rally in yields on government bonds.
Foreign bank branches operating in India generated a fee income of Rs. 9400 crore where as Indian bank branches over seas made a fee income of only Rs.6800 crore in 2011-12.
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