The liquidity from the foreign currency non-resident deposits is likely to stabilize bank deposit rates temporarily. This situation will allow banks to benefit from higher lending rates associated with floating rate loans. Despite the current surplus liquidity, analysts foresee a shift towards neutrality by the end of December. The Reserve Bank of India emphasizes the importance of proper usage of these deposits for economic stability.
PCBL Chemical rises 25% on supply, export and earnings hopes
PCBL Chemical has seen a 25% stock increase due to anticipated higher carbon-black prices. The company expects improved export prospects and a recovery in earnings.