Contact Us

Registered Office – Mumbai
STCI Primary Dealer Limited
A/B1- 801, A Wing, 8th floor, Marathon Innova,
Marathon Nextgen Compound
Off G K Marg, Lower Parel(W),
Mumbai - 400 013
Tel: (022) 66202200
Dealing Room: (022) 66202224/25/28/32
Fax: (022) 24991096
Email: stcipd@stcipd.com

Sales Office - Delhi
STCI Primary Dealer Limited
UGF 12-15, Tolstoy House,
Tolstoy Marg,
New Delhi -110 001
Tel: (011) 47676557-60
Fax: (011) 2371 1091

Sales Office - Kolkata
STCI Primary Dealer Limited
6G Block, 6th floor, North West Block,
Premises no. 1, Shakespeare Sarani,
P S Shakespeare Sarani,
Kolkata - 700071
Tel: (033) 40611435-36
Fax: (033) 40611437

Grievance Redressal Officer
Mr. Siddharth Shah
Head – Treasury
Senior Vice President
STCI Primary Dealer Limited
Regd Office:-
A/B1- 801, A Wing, 8th floor
Marathon Innova
Marathon Nextgen Compound
Off G K Marg, Lower Parel(W)
Mumbai 400 013
Tel: (022) 66202200
email: siddharth@stcipd.com

Officer in Charge of DNBS at Reserve Bank of India, Mumbai Regional Office
The Manager,
Department of Non – Banking Supervision,
Reserve Bank of India, Mumbai Regional Office,
Third Floor, Opposite Mumbai Central Railway Station,
Byculla, Mumbai – 400008
Ph.: 022 – 23022022

Latest News

In its Fifth Bi-Monthly
In its Fifth Bi-Monthly Monetary Policy for FY19, the MPC-panel maintained ‘status quo’. Consequently, key policy rates remained unchanged - Repo rate at 6.50%, Reverse repo at 6.25% and MSF at 6.75%.

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Inflation projections for
Inflation projections for 2018-19 were revised downwards as food inflation has remained benign. It is projected at 2.7%-3.2%% in H2 FY19 (3.8%-4.5% previously) and 3.8%-4.2% in H1 FY20.

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Growth for FY19
Growth for FY19 is projected at 7.4% with 7.2%-7.3% in H2 FY19 (7.3%-7.4% previously). Growth in H1 FY20 is projected to stand at 7.5%.

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RBI in its February policy
RBI in its February policy cut the repo rate by 25 bps while also changing the stance to ‘neutral’ from ‘calibrated tightening’. Consequently, key policy rates are pegged as follows - Repo rate at 6.25%, Reverse Repo at 6.00% and Marginal Standing Facility (MSF) at 6.50%

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The inflation projections
The inflation projections have been revised downwards to 2.8% in Q4 FY19 (from 2.7-3.2% earlier), 3.2-3.4% in H1 FY20 (from 3.8-4.2% earlier) and 3.9% in Q3 FY20

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GDP growth for FY20
GDP growth for FY20 has been projected at 7.4% - in the range of 7.2-7.4% in H1 (from 7.5% earlier) and 7.5% in Q3.

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Spurring a positive surprise
Spurring a positive surprise, Jan CPI stood significantly lower than market expectations at 2.05% vis-à-vis the revised Dec-18 estimate of 2.11% (2.19% previously). Lack of inflationary pressures in the services components led core CPI to also moderate, clocking in at 5.38%, a sharp fall from 5.68% in Dec-18.

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Industrial production rose
Industrial production rose by 2.4% in Jan-19 as compared to 0.3% in Feb-18. Cumulatively, IIP for FY19 stood at 4.6%, lower than 3.7% in FY18. Significant sequential uptick was observed across sectors; Mining (3.4%), Electricity (2.1%) and Manufacturing (6.8%)

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Wholesale inflation for Jan-19
Wholesale inflation for Jan-19 came in at 2.76%, lower than 3.80% registered in Dec-18. Broad-based fall in commodity prices amid deflationary pressures from food and fuel items led to this downtick in inflation. Consequently, core WPI inched down to 2.91%, as compared to 4.22% in Dec-18.

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