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Funding and debt● Neutral for Indian equities
Shapoorji Pallonji Group eyes dollar-rupee debt route for fresh funding
The brief
- Porteast Investment faces a ₹3,500 crore ($365 million) debt payment
- SP Group has sought to extend the September 30 payment deadline
- India forex reserves surge to a record high in September and to provide cover for 11.2 months of goods imports, says RBI
- India's forex reserves fall $14.89 billion to $766 billion
- Rupee and government bonds face pressure as oil rises and Iran diplomacy hopes fade
- FII Flows To Stay Subdued: Bernstein sees flat to modest inflows; rupee and valuations weigh
- RBI says resilient domestic economy cushions India against rising global risks