How will rising crude oil prices affect rupee and India’s economy?
The Indian rupee weakened to 86.86 against the dollar due to rising crude oil prices, which later stabilized, allowing importers to purchase dollars. Oil company demand continued to pressure the rupee, preventing it from appreciating beyond 86.66. Traders anticipate the rupee to fluctuate between 86.50 and 86.
New loan originations slows as young borrowers decline
TransUnion CIBIL reports a two-year low in new loan originations, driven by decreased demand from younger consumers and a shrinking share of New-To-Credit individuals in the fiscal year ending March 2025. Credit enquiries from borrowers aged 30 and below have declined, alongside cautious lending practices. However, anticipated repo rate cuts may stimulate credit supply, particularly […]
Hero FinCorp plans first offshore bond issuance to raise $300 million
Hero FinCorp is considering its inaugural offshore bond issuance, potentially raising up to $300 million through a dollar-denominated bond. The NBFC, part of the Hero Group, recently conducted roadshows in Hong Kong and Singapore to gauge investor interest.
IPO market heats up, but analysts urge investors to tread carefully
Several companies including Kalpataru Limited, Ellenbarrie Industrial Gases, HDB Financial Services, and Sambhv Steel Tubes are set to launch their IPOs this week. Analysts are suggesting investors consider Ellenbarrie and Sambhv for longer-term gains. HDB Financial is viewed as a long-term play, but its grey market premium has decreased. Experts advise caution on Kalpataru due […]