The private lender’s latest shareholding data show that foreign portfolio investors reduced their stake to 46.63% in December from 55.53% in September. This reduction has pushed the foreign headroom comfortably above the 25% threshold, with MSCI currently applying a half-float factor,
The bonds were sold to investors at a final price of 92 basis points above the three-year US treasury, which was trading at 4.47% on
The Indian rupee continues to lose value. Yet, economists believe it is still overvalued based on the real effective exchange rate (REER). Since November, the
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