India Expands STRIPS for State Bonds

  Published 1 year ago

India's RBI introduces STRIPS for state bonds with 14-year maturity and 10B rupees, boosting liquidity by trading principal and interest separately, effective immediately.

  • Eligible bonds must have 14-year maturity and 10B rupees outstanding.
  • STRIPS enable separate trading of principal and interest payments.
  • Policy aligns with central government rules after market consultations.

You might like these

HUL Q1 Profit Up 8% on Rural Revival

Brigade Buys Bengaluru Land for ₹588 Cr

IndiGo Hits Record High

TVS Jupiter 125 SXC: New Dual Tone Scooter!

India Embraces Sustainable Standards

CreditAccess Grameen Shares Soar 6.6% on Record Disbursements, Improved Asset Quality

India Stocks Drop Amid U.S.-Iran Tensions, Oil Prices Rise

News that matters the most ⚡