Investing in US treasury has a twin advantage at a time when the US Federal Reserve is increasing rates and the dollar is getting stronger, said Bank of Baroda chief economist Madan Sabnavis. It helps gain higher returns in the long term. “Also, investment value remains strong. Any other currency will face depreciated value on principal in the present environment,” he said.
WACR tops repo rate for first time in nearly 2 months
Liquidity in the banking sector has contracted to below ₹5 lakh crore, causing the weighted average call rate to rise to 5.31%. The Reserve Bank