Sunday, September 27
Indian corporates are increasingly tapping capital markets for cheaper and faster access to funds, which led to a 32.9% surge in resource mobilisation, data released by the Reserve Bank of India (RBI) showed.Funds raised through capital markets rose to Rs 15.7 lakh crore at the end of March 2025, compared to Rs 11.8 lakh crore a year earlier. Debt dominated the fund-raising mix with a 63.5% share, almost entirely through private placements, which accounted for 99.2%, while equity contributed 27.4%.Meanwhile, bank lending to industry slowed to just 6.9% in FY25, indicating how Indian corporates are steadily diversifying their funding sources, moving beyond traditional bank loans to tap into capital markets, particularly the corporate bond market and equity issuance.In the debt market, corpo
Mumbai: The Indian rupee weakened 28 paise to 85.75 per dollar on Monday due to strong dollar demand by both foreign and domestic banks, even as other Asian currencies strengthened amid a weaker dollar index. The domestic unit had previously closed at 85.47/$1. The Reserve Bank of India likely intervened by purchasing dollars via state run banks, traders said. The rupee traded in a range of 85.44/$1 to 85.78/$1, LSEG data showed. Dollar index was trading near its 3-year low at 97.1. "There was dollar buying by nationalised banks, likely on behalf of RBI. Oil companies and importer dollar demand also kept the rupee in a small range," said Anil Bhansali, head-treasury, Finrex Treasury Advisors. Other Asian currencies such as the Taiwan dollar and Korean won have risen about nearly 13% and 8%
