India’s two frontline stock indices climbed to all-time highs during the trading session and bond yields retreated to a nearly 31-month low Thursday after the US central bank unexpectedly cut rates by half a percentage point overnight. But broader local gauges and export-laden technology counters fell over concerns the outsized reduction re flects hitherto unknown…
READ MOREElevated foreign inflows into government bonds following India’s inclusion in global bond indices may, over the long term, reduce banks’ role in financing the Centre’s debt and set the stage for a reduction in the statutory liquidity ratio (SLR), S&P Global’s economists said. “India’s inclusion in global indexes has increased foreign participation in local debt….
READ MOREForeign portfolio investors (FPIs) were net sellers of Indian equities in the first fortnight in August, offloading shares worth Rs 21,201 crore. The total investments by them now stand at Rs 14,365 crore, so far this year. In July, FPIs bought domestic shares worth Rs 32,365 crore while in June, they were net buyers at…
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