STCI Primary Dealer Ltd.

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Money Market


Money market refers to all those instruments with a maturity of less than a year. Large borrowers avail resources from these markets in order to finance their short term needs. The money market is typically seen as a safe place to put money due the highly liquid nature of the securities and short maturities.

STCI PD is highly active in these markets and has access to the same. These short term instruments include:

Latest News

Consumer Price Index (Combined)
• Consumer Price Index (Combined) inflation for October 2022 printed at 6.8%, as compared to 7.4% in the previous month.
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Headline WPI inflation for
• Headline WPI inflation for October 2022 printed at 8.4%, lower than 10.7% in September 2022.
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IIP growth for September
• IIP growth for September 2022 printed at 3.1%, higher than the revised reading of 0.7% in August 2022, on a year-on-year basis.
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In the fifth Monetary
In the fifth Monetary Policy for FY23, the MPC decided to hike the policy Repo rate by 50 basis points with a 5-1 vote count. Consequently, key policy rates stand as follows: Repo rate at 5.90%, Standing Deposit Facility rate at 5.65%, and Marginal Standing Facility and Bank rate at 6.15%.
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Real gross domestic
Real gross domestic product for Q1FY23 noted a growth of 13.5% on a year-on-year basis, aided by a pickup in activity across segments. Further, GDP contracted by 9.6% on a quarter- on-quarter basis and grew by 3.8% from Q1FY20 levels.
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