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

Gross Domestic Product
• Real gross domestic product for Q1FY24 noted a growth of 7.8% on a year-on-year basis, as compared to 13.1% in Q1FY23.
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In the Second Bi-monthly Monetary Policy
• In the Third Bi-monthly Monetary Policy for FY24, the MPC unanimously decided to maintain status quo on policy rates. Consequently, key policy rates stand unchanged: Repo rate at 6.50%, Standing Deposit Facility rate at 6.25% and Marginal Standing Facility and Bank rate at 6.75%.
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The Consumer Price Index
• Consumer Price Index (Combined) inflation for August 2023 printed at 6.8%, significantly lower than the previous reading of 7.4%.
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Headline WPI inflation for August 2023
• Headline WPI inflation for August 2023 printed at -0.5% as compared to -1.4% in the previous month.
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IIP growth for July 2023
• IIP growth for July 2023 printed at 5.7 %, higher than the revised reading of 3.8 % in June 2023, on a year-on-year basis.
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