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


Real gross domestic product for Q3FY21 noted a year on year growth of 0.4%, showing signs of improvement over the previous quarter’s contraction of -7.3%.
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In April 2021
In April 2021 Monetary Policy meeting, the MPC unanimously decided to maintain status quo on policy rates. The key policy rates stand unchanged: Repo rate at 4.00%, Reverse Repo rate at 3.35%, Marginal Standing Facility and Bank rate at 4.25%.
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Consumer Price
The Consumer Price Index (Combined) inflation for March 2021 printed at 5.52% as compared to a reading of 5.03% in the previous month. Average CPI inflation for FY21 stood at 6.18% as compared to 4.76% in FY20.
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WPI Infation
Headline WPI inflation for March 2021 printed at 7.39%, substantially higher than 4.17% recorded in February 2021, largely due to inflationary pressures emanating from manufactured products and fuel index.
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IIP growth for February 2021
IIP growth for February 2021 printed lower at -3.6% as against the revised estimate of -0.8% recorded in January 2021, on a year on year basis.
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