Money market volumes surge 35% in FY23 on strong credit demand https://ifttt.com/images/no_image_card.png"In FY22, for the larger part of the year, the economy was struggling with Covid. In FY23, we saw a significant improvement in the operating environment and the requirement of working capital, which went up significantly due to high commodity prices," said Soumyajit Niyogi, director, India Ratings and Research. Higher credit demand from the real economy led to increasing money-market activity from financiers.
NSE IFSC-SGX Connect may be fully operational by June https://ift.tt/XC89Iks this connectivity, global investors who are clients of SGX will be able to trade in Indian derivatives market remotely without having to set up a shop in India. Currently, only a few trades are being executed through the route.
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