"Overall, the second-round effects of food and fuel inflation on headline have become subdued, especially after the adoption of flexible inflation targeting (FIT) in India," says the apex bank.
Fairfax India Holdings Corporation announced its commitment to provide liquidity support worth $200 million to the company, amidst the Reserve Bank of India's (RBI) ban on issuing gold loans.
The directions do not apply to card issuers who issue credit cards on their own authorised card networks.
Rupee saw the least percentage fall on buoyant FPI flows and benign crude, but an encore will depend on Fed rate cuts and oil staying lower.
The central bank’s focus on states with good fiscal management records while giving more than a free pass to delinquent industries and the Centre is counter-productive.
On a year-on-year basis, the country's current account deficit narrowed by 3.8% from $30.9 billion in the September quarter last fiscal year.
At present, the UPI transaction limit, excluding capital markets, collection, retail direct scheme and IPO (initial public offering) subscription, has been capped at ₹1 lakh.
About 85% of ₹2000 notes have come back as deposits, says Shaktikanta Das
Zaveri, who joined HDFC Bank in 1998, is the Group Head- Operations, Cash Management & ATM Product of HDFC Bank.
The very purpose of MPC is defeated if it handles policy interest rate without sound evidence and reasoning or gets influenced.
