Rise in local bond yields pushes up forward premia
On Monday, the one-year annualised dollar-rupee forward premium rate was at 1.86% as against 1.76% a week ago. A year ago, the premium was at 4.22%. The sharp narrowing of the forward premium rates is owing to the higher quantum of rate hikes carried out by the US Federal Reserve vis-a-vis the tightening conducted by […]
ICICI Securities shares soar over 11% as parent considers delisting
ICICI Bank said in an exchange filing that its board on June 29 will consider a proposal for the delisting of equity shares of ICICI Securities pursuant to a scheme of arrangement with the Bank under a special provision of the SEBI Regulations, 2021.