Infrastructure and construction equipment financing firm Srei BNP Paribas announced a hike in its benchmark rate by 0.5%, from 17.25% to 17.75%, with immediate effect. The company’s asset liability management committee after reviewing the cost of borrowing decided to increase its benchmark rate, Srei BNP Paribas in a statement said.
R remains ?key? for mkt recovery: Study
Markets may continue to wilt under heavy selling pressure as investor sentiment has turned negative but once rupee stabilises the markets are likely to see some recovery, says a Bank of America Merrill Lynch report. But experts do not consider this as a buying opportunity as they believe that it is better to wait for more correction.