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CP sales fall 60% as short-term rates soar | Economic Times

CP sales fall 60% as short-term rates soar https://ift.tt/A0M34cK, the massive outflow of funds from debt schemes due to losses on mark to market has put pressure on rates that mutual funds demand for buying CPs. Outstanding CP issues in the market are down by a fifth to Rs 3.8 lakh crore."Slowdown in CP issuances is mainly because of sharp rise in short term rates. And borrowers are moving back to banks
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