Overnight indexed swap (OIS) rates, the principal tool for hedging interest rate risk in India, have climbed sharply since the RBI’s last policy in June and now suggest that the central bank would only lower the repo rate in August of next year as against the earlier pricing that pointed towards policy easing at the beginning of the next fiscal year.
No AGR relief, a higher proportion of telecom debt may get converted into equity: Balaji Subramanian
The Supreme Court has rejected the plea by telecom companies for re-computation of adjusted gross revenue (AGR), leaving no relief for major players like Vodafone
September 23, 2024