💵 Money Market 💵
Money market basically refers to a section of the financial Market where financial instruments with high liquidity and short-term Maturities are traded. Money market has become a component of the financial market for buying and selling of securities of short-term maturities, of one year.
Rupee bond traders will watch if a 320b rupee bond sale on Friday will dampen a rally in the nation’s debt this week that was led by short-covering and demand from banks. 10-year yields fell 5bps to 7.11% on Wednesday, they’re down 11bps so far this week USD/INR dropped 0.4% to 76.2100 on Wednesday. Global funds sold net Rs …
The Indian rupee advances for a second day as traders cite inflows ahead of the mega share sale of Life Insurance Corp. of India, likely by mid-March. Bonds are lower with traders waiting to see if the government cancels the last auction of the fiscal year
Source: Bloomberg
Manyavar clothing brand’s parent Vedant Fashions IPO opens for subscription today, fora Rs 3,149-crore publicissue comprising entirely an offerfor sale of shares by promoters & existing shareholders.
Like every year, the Union Finance Minister has a tough task at hand to balance public expectations and deliver a budget that would put India back on a growth track, especially after the long disruption caused by the ongoing Covid-19 pandemic which has impacted the entire nation in more ways than one.
Budget 2022 Expectations: From fiscal consolidation path to bond and asset sales, analysts say budget proposals will impact market volatility amid domestic and global uncertainties.
Indian bond traders will weigh a continued rise in oil pricesand the central bank’s intervention in the debt market in recent weeks.