Saturday 4 October 2008

India witnesses unforeseen liquidity tightening: Emkay

According to Emkay Global Financial Services' report, Indian money markets have seen unprecedented tightening of liquidity over last one month. The average daily repo injection over last three weeks has been in excess Rs 600 billion (Rs 822 billion for week ended October 3,2008), highest ever in last eight years.

Emkay Global Financial Services' report:

Indian money markets have seen unprecedented tightening of liquidity over last one month. The average daily repo injection over last three weeks has been in excess Rs 600 billion (Rs 822 billion for week ended October 3,2008), highest ever in last eight years. The yields and spreads on corporate bonds have touched their high over similar period. Even companies with strong parentage like National Housing Board (100% sub of RBI) has recently raised money at rates in excess of 12%+.


Source: Moneycontrol

Posted by Harsh at 07:46

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