The Reserve Bank of India aims to align market rates with the repo rate, but liquidity conditions have caused a disconnect. The weighted average call rate (WACR) has rarely been within 10 basis points of the repo rate. Liquidity conditions also impact government treasury bills and external loan benchmarks.
Ultravolt launch sparks sell-off in wire stocks; high-voltage players insulated
The wire and cable industry faced stock declines amidst rumors of Ultravolt’s impending market entry. The Aditya Birla Group’s initiative aims for a robust nationwide