 "money, cash, private equity")
The daily average trading volume of commercial papers has fallen to less than 1 per cent of the outstanding amount, and just about 1 per cent of the holding of debt mutual funds (MFs), posing a serious challenge to the liquidity profile of these MFs, India Ratings & Research (Ind-Ra) has warned.
The total outstanding of commercial papers is close to Rs 4.3 trillion. The average trading volume is now less than Rs 4,000 crore.
Non-banking financial companies (NBFCs) and housing finance companies (HFCs) are the major issuers of commercial papers.
Generally, the daily volume is Rs 10-15,000 crore in commercial papers in
