India’s currency and debt markets will remain closed on Monday, April 1, for a holiday. Trading will resume on Tuesday, April 2. The markets were also closed on Friday. The Indian rupee slightly declined by 0.03% to close at 83.40 per U.S. dollar on Thursday.
Foreign investors have adopted a cautious approach this month, offloading domestic equities worth Rs 13,000 crore in the first three weeks owing to high valuations of Indian stocks and surging US bond yields. In contrast, foreign investors are bullish on the debt market and injected Rs 15,647 crore in the debt market during the period under review, data with the depositories showed.
Muthoot FinCorp’s non-convertible debentures (NCDs) have opened for subscription, offering investors the opportunity to earn between 9.26% and 9.75% income per annum. The company plans to raise Rs 300 crore through this debenture issue.
