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India Inc rushed for commercial papers on revival signs

India Inc rushed for commercial papers on revival signs
India Inc rushed for commercial papers on revival signs
Financial services, oil exploration and housing finance companies together accounted for two-thirds of the total issuances in September

Synopsis

CPs are short-term debt instruments with maturities of up to 12 months generally. Besides non-banking finance companies, manufacturing and services companies are permitted to sell CPs.

Mumbai: The value of Commercial Papers (CPs) sold in September surged nearly 50 per cent compared to August, the latest RBI data showed, reflecting demand for short-term money amid signs of economic revival.CPs are short-term debt instruments with maturities of up to 12 months generally. Besides non-banking finance companies, manufacturing and services companies are permitted to sell CPs.Reliance Industries, Aditya Birla Finance, Bajaj Finance,
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