On August 5, the Sebi said that the valuation of AT-1 bonds my mutual funds would be based on the yield-to-call method, a move that implied lower volatility in net asset value (NAV) emanating from fund houses’ investments in the instrument.
Indian exporters are calling on the government to lift the cap on interest subvention. They state current support is insufficient to counter rising global trade
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.
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