Hardly any excitement among market participants, as they have made peace with the fact that the central bank is unlikely to cut rates before the US Fed does
The lower profitability was due to higher SGF contribution for the currency derivatives segment, said BSE s management. SGF stands Settlement Guarantee Fund.
There were no big-bang announcements, but the fact that the government is indirectly trying to cool interest rates in the system by curbing its borrowings is something the market should be happy about