The banks want the swaps to reference the newly-proposed secured overnight rupee rate (SORR) instead of the prevailing Mumbai interbank outright rate (MIBOR), sources said, asking not to be named as discussions are private. The move is intended to improve price discovery in the interest-rate swap market, an opaque but important part of the financial system that helps banks and corporations manage their risks.
Denne historien er fra December 24, 2024-utgaven av Financial Express Bengaluru.
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Denne historien er fra December 24, 2024-utgaven av Financial Express Bengaluru.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Pant set to play Delhi's next Ranji tie
ON THE DAY wicketkeeper batsman Rishabh Pant confirmed his availability for Delhi's next Ranji Trophy game against Saurashtra in Rajkot, there was no clarity about India's premier batsman, Virat Kohli.
Pant set to play Delhi's next Ranji tie
ON THE DAY wicketkeeper batsman Rishabh Pant confirmed his availability for Delhi's next Ranji Trophy game against Saurashtra in Rajkot, there was no clarity about India's premier batsman, Virat Kohli.
Los Angeles firefighters on alert for return of extreme winds
• 12,000 structures destroyed; new fire erupts in Oxnard
Tata Group Partners IISc for Medical School, to Contribute ₹500 Crore
TATA GROUP on Tuesday said it has partnered with the Indian Institute of Science (IISc) to establish Tata IISc Medical School at the institute's Bengaluru campus and will make a contribution of ₹500 crore for support.
Average pay hike pegged at 9.4% in 2025: Report
INDIAN EMPLOYEES MAY expect an average salary increment of 9.4% this year across industries, indicating strong economic growth and rising demand for skilled talent, a report said on Tuesday.
Rupee slips to all-time low of 86.64
RUPEE WEAKENED TO its all-time low on Tuesday due to strong dollar bids spurred by the maturity of positions in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India helped cap losses, traders said.
Govt plans to pare stakes in five PSBs, including UCO
THE GOVERNMENT MAY allow lowering its ownership in five state-run banks via stake sales or the lenders themselves selling shares to large investors that will help them meet minimum public holding norms, according a government official.
WPI inflation rises to 2.37% in Dec on higher food prices
INDIA'S WHOLESALE PRICE index (WPI)-based inflation rose to 2.37% in December from 1.89% in November, thanks to the statistical effect of a low base and increase in inflation rate of manufactured products, official data released on Tuesday showed.
Can we commend privacy?
THE CIVILISATION THAT NURTURES ITS NEED ALSO PRODUCES TECH THAT ENABLES ITS ERADICATION
Focus on bigger picture
With the market already facing headwinds, the Budget would do well by not tinkering with the tax regime
