The People’s Bank of China (PBOC) kept the rate on the one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation, while withdrawing cash from a medium-term policy loan operation, as authorities continued to prioritise currency stability amid uncertainty over the timing of expected Federal Reserve interest rate cuts.
Posts in category Business Standard
Australia Market falls 0.56% (15-03-2024)
At closing bell, the benchmark S&P/ASX200 index dropped 43.35 points, or 0.56%, to 7,670.28. The broader All Ordinaries index sank by 50.19 points, or 0.63%, to 7,923.76.
China Market recoups 0.54% (15-03-2024)
The People’s Bank of China (PBOC) said it was keeping the rate on the one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation. Market participants were concerning that cutting rates before a widely expected move by the Federal Reserve would widen yield differentials, potentially putting more pressure on the yuan, which has depreciated 1.3% against the dollar so far this year.
Japan Stocks end mixed (15-03-2024)
At closing bell, the 225-issue Nikkei Stock Average index was down 99.74 points, or 0.26%, to 38,707.64. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 9.21 points, 0.35%, to 2,670.80.
Top Indian asset manager stress tests show delays in exiting smallcaps (15-03-2024)
India has 27 smallcap funds and 24 midcap funds, managing Rs 2.4 trillion ($28.93 billion) and Rs 2.1 trillion respectively
Krystal Integrated Services IPO subscribed 0.70 times (15-03-2024)
The offer received bids for 21 lakh shares as against 29.99 lakh shares on offer.
Top Indian asset manager stress tests show delays in exiting small caps (15-03-2024)
A delay in exiting holdings of such stocks could defer the return of funds to investors, who expect to receive their money back within two to three days, as per current industry practice
India Trade Deficit Widens To USD 18.71 Billion In February (15-03-2024)
India’s exports rose 11.9% to USD 41.4 billion in February, the highest in the current fiscal, while the trade deficit stood at USD 18.7 billion, according to the data released by the commerce ministry. The exports in February 2023 were USD 37.01 billion. Imports were valued at USD 60.1 billion, up 12.16% compared to USD 53.58 billion in February 2023. India’s merchandise trade deficit expanded to USD 18.71 billion in February, compared to USD 17.49 billion in January. The trade deficit stood at USD 16.57 billion in February 2023. The merchandise trade deficit during April-February 2023-24 is USD 225.20 Billion compared to USD 245.94 Billion during April-February 2022-23, registering a decline of (-) 8.43 percent.
India Trade Deficit Widens To USD 18.71 Billion In February, Exports Up Nearly 12% On Year (15-03-2024)
India’s exports rose 11.9% to USD 41.4 billion in February, the highest in the current fiscal, while the trade deficit stood at USD 18.7 billion, according to the data released by the commerce ministry. The exports in February 2023 were USD 37.01 billion. Imports were valued at USD 60.1 billion, up 12.16% compared to USD 53.58 billion in February 2023. India’s merchandise trade deficit expanded to USD 18.71 billion in February, compared to USD 17.49 billion in January. The trade deficit stood at USD 16.57 billion in February 2023. The merchandise trade deficit during April-February 2023-24 is USD 225.20 Billion compared to USD 245.94 Billion during April-February 2022-23, registering a decline of (-) 8.43 percent.
Muthoot Microfin expands operations in Telangana (15-03-2024)
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