TREND: Slowing FPI inflow, MF outflow to keep lid on equities in Sep

Thursday, Sep 10, 2020 By Chiranjivi Chakraborty MUMBAI – Uncertainty around the direction of the US dollar and expensive valuations of domestic equities following hefty gains in the past three months could slow inflows from foreign portfolio investors in September. At the same time, sustained outflows from domestic mutual funds due to a sharp rise in redemptions could […]

India IRS Review:Mixed; 5-yr up on overnight rise in crude oil prices

Thursday, Sep 10, 2020 By Vaibhav Chakraborty NEW DELHI – Overnight indexed swaps ended mixed today. While the one-year swap rate was steady, the five-year rose, tracking an overnight rise in crude oil prices and expectation that the headline inflation print for August may surpass 7%, dealers said. The one-year swap rate ended at 3.84-3.86%, flat against the close on […]

Short-Term Debt: CP rates up on low demand from mutual funds

Thursday, Sep 10, 2020 By Vishal Sangani MUMBAI – Rates on three-month commercial papers rose today because of low demand from mutual funds, dealers said. Rates on three-month CPs of non-bank finance companies were up at 3.60-3.80% against 3.45-3.65% on Wednesday, and those on papers of manufacturing companies were at 3.40-3.60% compared with 3.30-3.50% on Wednesday. Demand from mutual funds […]

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