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

The CPI
The Consumer Price Index (Combined) inflation for April 2022 printed at 7.79% as compared to the revised reading of 6.95% in the previous month.
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Headline WPI inflation
Headline WPI inflation for April 2022 printed at 15.08%, marginally higher than 14.55% in March 2022.
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IIP growth
IIP growth for March 2022 printed at 1.85%, marginally higher than the reading of 1.46% in February 2022, on a year-on-year basis
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Real gross domestic product
Real gross domestic product for Q3FY22 noted a growth of 5.4% on a year on year basis, aided by a moderate pickup in activity across segments. Also, GDP expanded by 6.4% on a quarter on quarter basis and by 6.2% from Q3FY20 levels
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The MPC
The MPC unanimously decided to hike the policy Repo rate by 40 bps in an off-cycle meeting held on May 02 and May 04, 2022. Consequently, key policy rates stand as follows: Standing Deposit Facility rate at 4.15%, Repo rate at 4.40% and Marginal Standing Facility and Bank rate at 4.65%.
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