Indian banks reduce short-term debt sales amid forex funding shift
pre-market1 source ↓written by the desknot a recommendation
Indian lenders are cutting back on short-term debt sales as the Reserve Bank of India's recent move to attract foreign-currency deposits offers a cheaper funding source. No certificates of deposit were issued in three sessions through 2 July, with issuance dropping to ₹708 billion from ₹1 trillion earlier in June. This trend is expected to continue until September as banks adjust to new funding dynamics.
Not investment advice. For informational purposes only.