Yubi Daily Wrap

Macro News

India’s local currency bond market has recorded sales worth Rs 2.5 trillion in January to March quarter, which is highest when compared to the same quarter in all years since 2014. Bank rates have risen, and hence firms are increasingly borrowing through the bond market. In April-February 2023 period, bank credit increased by ~13%, while bond sales increased by 26.4%.

March 23, 2023

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