India must sell more long-term debt and keep H1 bond sales to 55% of its yearly target: Traders

According to market players who spoke with the central bank last week, India’s federal government should limit borrowing in the first half of the upcoming fiscal year to 55% of the objective and increase the proportion of longer-tenor bonds. The Reserve Bank of India, which represents as the government’s debt arranger, met with a select…

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NTPC records a roughly 12 % increase in electricity production from April – February of this fiscal year.

The state-owned power producer NTPC announced on Monday that its electricity production increased by over 12% between April – February of last year to 364.2 billion units. NTPC Ltd. “recorded 11.92% rise in generation, i.e. 364.2 BU in FY23 through February month, compared to the country’s generation growth of 9.56%,” according to a company release….

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Asian stocks rose on optimism that the Fed would take a cautious approach to future hikes.

After Wall Street reversed losses on Friday, Asian equities increased on expectations of a strong economic recovery in China and hints of a moderate U.S. Federal Reserve policy tightening stance. Strong U.S. data from recent weeks, particularly overnight U.S. unemployment claims, have roiled global markets and signalled that the Fed will need to hike rates…

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