Despite CRR cut, call rates jump above MSF
Financial Express Ahmedabad|December 17, 2024
THE RESERVE BANK of India's 50 bps cut in the cash reserve ratio to 4.25%, implemented in two phases, may not significantly impact liquidity, as outflows from advance tax payments and goods and services tax are expected to maintain tight conditions.
ANUPREKSHA JAIN
Despite CRR cut, call rates jump above MSF

While the first phase of the cut kicked in on Saturday, things are already looking tough, said market participants. Consequently, the call rates and the tri-party repo rate (TREPS) shot up to 6.80%-6.90% on Monday, which is above the marginal standing facility (MSF) of 6.75%. Earlier, they were in a range of 6.30% to 6.50%, that is, they were at or below the repo rate, which is considered to be the comfortable band for the central bank.

هذه القصة مأخوذة من طبعة December 17, 2024 من Financial Express Ahmedabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 17, 2024 من Financial Express Ahmedabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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Financial Express Ahmedabad

It's slow going at Indiamart

THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS

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ISRO to study how crops grow in space on PSLV-C60 mission

DEMONSTRATION OF SEED germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4, the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.

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Scott Boland & the 'stolen generation'

ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.

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If it is business as usual, Viksit Bharat by 2047 will not happen

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2 mins  |
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Financial Express Ahmedabad

26 members enter startup billionaire club in 2024

Fifty-year-old Supam Maheshwari, an IIM Ahmedabad alumnus, founded the online platform for babycare products FirstCry after selling an e-learning company that he had set up.

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1 min  |
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Financial Express Ahmedabad

Smartphone exports set to top ₹1.70 L cr

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Broker strength falls 40% on compliance burdens

Brokerage firms are facing increasing compliance burdens, leading to a 40% decline in strength.

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Eliminates odour, cleans indoor air in a jiffy

Ideal for bedrooms, offices, or small living areas

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'Consumers prioritise value, want devices tailored to their needs'

JEFFREY LIANG, PRESIDENT, BENQ ASIA PACIFIC

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Financial Express Ahmedabad

GOVO GOBUDS SPORTComfortable fit for long sessions

These earbuds have low latency and a strong battery

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