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

In its First
In its First Bi-Monthly Monetary Policy Statement, RBI maintained ‘status quo’, leaving key policy rates unchanged.
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Inflation
Inflation projections were revised downwards to 4.7%-5.1% for H1 FY19 (5.1-5.6% previously) and 4.4% for H2 FY19 (4.5-4.6% previously), including HRA impact.
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CPI for the month
CPI for the month of March came in higher than expectations at 4.28% as compared to 4.44% in February noting pressures in food and non-food components. Core CPI stood higher at 5.37% in March vis-à-vis 5.16% in February.
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The Index of Industrial
The Index of Industrial Production for February grew by 7.1% from 7.5% in January led partly by favorable base even as sequential momentum faded.
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March WPI
March WPI stood little changed at 2.47% as compared to 2.48% observed a month ago as sequential momentum in manufactured products gained traction while the base remained favorable.
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