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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

India Consumer
India’s Consumer Price-based inflation rose to 5-month high of 5.00% in June compared to 4.87% a month prior. Core CPI accelerated to 6.45% in June from 6.18% a month ago.
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Wholesale inflation rose
Wholesale inflation rose to a 4 year high of 5.77% in June compared to 4.43% a month prior led by inflationary pressures from food and fuel items. Consequently, core WPI inched up to 4.76%, as compared to 4.40% in May,18.
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Growth in India
Growth in India’s Index of Industrial Production (IIP) slowed to 3.2% in May as against 4.8% in the previous month. Nonetheless, broad based sequential uptick was witnessed with Mining at 4.6%, Manufacturing at 4.5% and Electricity at 7.2%
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In its Third
In its Third Bi-monthly Monetary Policy Meeting, MPC-panel raised the policy repo rate by 25 basis points to 6.5% while maintaining neutral stance. Consequently, reserve repo rate stands at 6.25% while marginal standing facility (MSF) rate stands at 6.75%.
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Inflation inclusive
Inflation inclusive of HRA impact is projected at 4.6% in Q2, 4.8% in H2 FY19 (4.7% previous) and 5% in Q1 FY20. Growth projection for FY19 was maintained at 7.4% ranging7.5%-7.6% in H1 FY19 and 7.3%-7.4% in H2 FY19.
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