Previous Close | 55.10 |
Open | 55.10 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 53.90 - 56.05 |
52 Week Range | 28.95 - 64.30 |
Volume | |
Avg. Volume | 27,144,806 |
Market Cap | 358.04B |
Beta (5Y Monthly) | 0.96 |
PE Ratio (TTM) | 16.91 |
EPS (TTM) | 3.20 |
Earnings Date | Apr 28, 2023 - May 02, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Jul 23, 2018 |
1y Target Est | N/A |
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India's central government's gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in goods and services tax may not be rolled over, a few economists said. The government's gross borrowing is expected to be a record 16 trillion rupees (about $196 billion) for the fiscal year through March 2024, according to a Reuters poll of economists. ICICI Securities Primary Dealership expects net government borrowings of 12.5 trillion rupees for the next financial year.
The Indian rupee could decline to 82.50 against the dollar by March, driven by the greenback's surge and the country's balance of payment deficit, IDFC First Bank said in a research note. The dollar's rally accelerated after the U.S. Federal Reserve last week raised rates by another 75 basis points and forecast more large-sized hikes to control inflation. "Looking ahead, we believe the dollar strength will endure," Gaura Sen Gupta, economist at IDFC First Bank, said.
India's headline retail inflation that eased for the third straight month in July is expected to remain above the central bank's upper tolerance range in the near term, necessitating more rate hikes in coming months, analysts said. "High frequency price data suggest that headline inflation is likely to remain around July levels in August...We expect headline inflation to remain above 6% until February 2023, and core CPI inflation to remain sticky at a shade under 6% in the remaining months of FY2023," Nomura economists Sonal Varma and Aurodeep Nandi said in a note.