Indian rupee strengthens, ends 11 paise higher at 82.46 against the dollar
These NCDs have tenures of 24 months, 36 months, and 60 months. It offers coupon rates from 8.35% to 9.00% based on the selection of investors.
Analysts of IIFL Securities believe sector valuations have little room for upside as despite a deteriorated growth outlook, Nifty IT Index has performed in line with broader markets YTD.
RBI cut its FY24 inflation forecast for the second time in two MPC meetings, and marginally front ended GDP growth during FY24 while maintaining full yr. number.
Multiple factors help INR to strengthen against USD
The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.
If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.
IndusInd Bank's appointment will enable them to digitally collect State Government Revenue and Receipts.
Debt/GDP ratio is relatively low, core infrastructure is seeing accelerated improvement and capital productivity is on an uptrend.
The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.