The commercial paper (CP) issuance during Apr-Aug 2019 declined by around 10% to Rs.10267 billion as compared to Rs.11343 billion during the same period previous year, the State Bank of India (SBI), noted in the latest edition of Ecowrap. Net CP issuance during the period is only Rs.141 billion as com-pared to Rs.2597 billion last year. Mutual funds also reduced their exposure to CP, by Rs.393 billion, from an outstanding of Rs.4149 billion as on Sept'18 to Rs.3756 billion as on Aug'19, resulting decline in net flow from Rs.1088 billion (H1FY19) to Rs.208 billion (H1FY20, up to Aug'19).
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