“As long as the Mumbai Interbank Forward Offer Rate (MIFOR) conditions are favourable, I think it will be conducive for NBFCs to raise dollar funding,” said Anudeep Ganguli, chief treasury officer, Credit Saison India. “Not too many banks have reduced their MCLR, so until that happens, ECB will still be in favour with NBFCs. Even a 50 basis point cut in the MCLR will still make the ECB more favourable.”
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20
August 28, 2026