borrowing cost

States borrowing cost slips to 7.67 per cent

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States borrowing cost slips to 7.67 per cent

After hitting a near three-year high last week, the average cost on states’ borrowings has eased a tad this week’s auction by 4 bps to 7.67 per cent amid lower-than-indicated issuance. According to Icra Ratings, the weighted average cut-off or pricing of bonds eased by 4 bps to 7.67 per cent even as the supply … Read more

Higher forex kitty to lower borrowing cost, net more foreign funds: Report

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Higher forex kitty to lower borrowing cost, net more foreign funds: Report

Mumbai: The record high forex reserves of $516 billion, of which $81 billion added since governor Shaktikanta Das has assumed office, will help greater foreign fund inflows and lower the cost of overseas funds for corporates, says a report. Governor Das’ efforts since assuming office in December 2018, resemble those of the Bimal Jalan-YV Reddy … Read more