“Many participants remarked that, in view of the constantly changing nature of the economic environment and the existence of long and variable lags in monetary policy’s effect on the economy, there was also a risk that the committee could tighten the stance of policy by more than necessary to restore price stability,” the minutes showed.
This is the first official confirmation of the Ahmedabad-based Indian renewable energy giant's two investments in crisis-hit Sri Lanka's energy sector.
An affiliate of the US firm is offering the shares in Sona BLW Precision Forgings Ltd., as it is formally known, at Rs 500 each, the terms show. That’s a 7.2% discount to Wednesday’s closing price.
Osho Krishan, Sr Analyst - Technical & Derivative Research, Angel One, said the unilateral movement of the index has placed it towards the psychological mark of 18,000, which might hinder the ongoing up move, followed by the weekly swing high of 18,100-18,150 odd levels that might act as a sturdy wall for the bulls.
“The supports for Nifty have now shifted higher to 17,830 and 17,700 while resistances are seen around 18,100 and 18,180. Trading with a stock-specific approach could be a better strategy in the near term as the risk-reward in index trades is not favourable now,” said Ruchit Jain, Lead Research, 5paisa.com.
The bonds, with a tenure of seven years, will offer a coupon rate of 7.39 per cent, it said in a regulatory filing.Bonds were allotted to investors on Wednesday and the proceed would be utilised for financing infrastructure and affordable housing projects, it added.
Besides market factors like rupee and liquidity conditions, there are some structural factors contributing to a slowdown in overseas borrowings. Lenders in the West have become very sensitive to ESG factors, especially environmental, which is also a challenge for sectors highly relevant to environmental concerns, like conventional energies.
In December last year the regulator had said that it will release a discussion paper on various charges levied by banks and institutions for all kinds of digital transactions through credit cards, debit cards, wallets and Unified Payments Interface (UPI).
The $1.3 trillion fund's return on investment was a negative 14.4% for the January-June period, which was still 1.14 percentage points ahead of the return on its benchmark index.