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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 second bi-monthly policy, the MPC panel kept the policy rate unchanged at 6.25% while maintaining a neutral policy stance.
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The panel lowered its inflation projection to 2-3.5% for H1FY17 and 3.5-4% for H2FY17. Growth projection was also revised lower to 7.3% for FY18.
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India’s retail inflation print eased to fresh record low of 1.54% in June owing to a decline in prices of food articles, fuel and housing. Meanwhile, Core CPI slipped to 3.85% from 4.25% in May.
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India’s WPI based on the revised 2011-12 series edged lower to 3.85% in April as manufactured goods and food articles indicated cooling of prices.
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RBI slashed the Statutory Liquidity Ratio by 50bps to 20% effective from fortnight beginning Jun 24, 2017.
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Consequently, the policy rates are as follows: Repo rate: 6.25%, Reverse Repo rate: 6%, MSF rate: 6.50%.
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India’s IIP grew at a slower pace of 1.7% in May from 2.8% in April owing to a slowdown in manufacturing activity.
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