A report by brokerage firm Bank of America Merrill Lynch shows that government may get an additional revenue of $2.2 billion owing to its decision to double domestic natural gas price. The government would use this additional revenue, which it may get through higher taxes and profit, to fund rise i
Tag: Bank of America Merrill Lynch
Post
Post
BofA-ML expects no rate cut from RBI until rupee stabilises
In its recent report, Bank of America Merrill Lynch (BofA-ML) opined that the Reserve Bank of India (RBI) may not reduce policy repo rate until the volatility in the currency market subsides. According to the brokerage, the central bank may prefer to reduce Cash Reserve Ratio (CRR) by 25 basis points on July 30 instead of cutting policy rates if the Indian currency remains
Post
Indian firms keen to raise funds from global mkt
Analysts opine that many Indian companies are interested to refinance their rupee debt by raising funds in the global market at a lower interest rates as compared to the domestic rates. Given the flexible terms and low rates, investors and fund managers are reportedly exploring the cheaper US lo