Indian Oil Corporation (IOC) has withdrawn its bond issue despite strong investor interest, anticipating better pricing due to increased liquidity from the RBI’s recent policy rate cut and CRR reduction. The issue, which received bids of ₹9,830 crore, was pulled as IOC seeks a narrower spread over government bond yields, following a similar move by PFC earlier in the week.
4 equity mutual fund categories offer positive average returns in 1 month. Check details
4 mutual fund positive returns, Here is a detailed breakup (Source: Value Research)