State Bank of India (SBI) has raised about Rs 10,000 crore through issuance of infra bonds, which carry a coupon rate of 7.4%. This is the fourth such issuance of infra-related bonds by the Bank.
U.S. stocks saw mild gains as traders awaited the Federal Reserve’s policy decision on Wednesday. Treasuries changed little at 3.56%, while two-year yields hovered near 4% for the time since 2007.
The S&P 500 rose 0.4%, while the tech-heavy Nasdaq rose 0.3%. Meanwhile oil erased gains ahead of the U.S. Fed policy announcement even as supply chains faced heightened pressure from Russia’s threat to escalate the Ukraine war. Gold dropped 0.2%, whereas Bitcoin hovered around $19,000.