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The last time an Indian public sector entity tapped the dollar bond market was in September 2024, when power sector financier REC raised $500 million at 4.75%. This was purely a non-deal roadshow, one person said. "NaBFID is testing waters and may not immediately raise funds
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Economists suggest that monetary authorities would be seeking to diversify their reserves, with an aim to minimize effects of revaluation loss and safeguard the value of their reserves.
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Niftys recent correction was broadly anticipated. While the fall itself wasnt a surprise, the geopolitical trigger adds a layer of concern. Technically, the index has formed a bearish engulfing pattern on weekly chart, suggesting more downside unless it reclaims 24,500.
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