The benchmark 10-year sovereign bond yield dropped about 50 bps in July. Each basis point fall in the yield adds Rs 350 crore to banks’ treasury gains.
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Over generations, Bihar’s bane has been its utter lack of urbanisation. But now, even Bihar is urbanising. Or let’s say, rurbanising. Two decades under Nitish Kumar have created a new elite in its cities.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Fortunately crude oil prices are very low and INR nosedived against dollar due to rulers misgovernace.
A gentle reminder that issuing sovereign bonds in foreign currency was not a good idea.