Rupee keeps hitting new troughs, yet REER shows it’s overvalued
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 rupee has fallen about 2 percent. Experts expect the rupee to stay under pressure until clarity on Donald Trump’s policy decisions. Inflation trends will also affect the rupee’s valuation.
Need liquidity infusion before a rate cut: Bankers
They say injecting durable liquidity will be critical since the present ₹2.5 lakh crore deficit is the widest since May 2024. System liquidity has been in deficit over the past six weeks.
Profitable growth crucial for MobiKwik to keep ticking
One MobiKwik’s stock dropped by nearly 13% after reporting increased customer acquisition costs, fixed costs, and user incentives, resulting in net losses for the second straight quarter. The company saw growth in GMV and users but faces challenges in maintaining profitability, alongside an inflated stock price since its listing.
Vedanta Resources to raise $1-billion in dual tranche bonds
Final price guidance for the 5.5-year tranche has been set at 9.475%, while the 8.25-year tranche is at 9.850%, which is tight pricing given the current market environment, the source added. The five-year US treasury currently yields 4.6%.
Sebi mulls demat mandate for new shares post splits
Rules currently allow listed companies to issue securities in the physical mode in case of consolidation of the face value of securities, demerger or split of the face value of securities.