Surplus liquidity, firm demand of MF drive down yields on CPs

As of September 7, yields on CPs issued by non-banking finance companies (NBFC) maturing in three months were hovering between 3.50% and 3.65%, and those on papers issued by manufacturing companies were trading between 3.35% and 3.50%.

from Banking & Finance – The Financial Express https://ift.tt/3jTxRuS