Read Time: < 1 minute– “India has come out of the pandemic reasonably well, with GDP growth of 7.2% in fiscal year 2023 (ended March)” – “India will be the fastest-growing economy in the G20” – “A massive domestic market, along with gradually improving global competitiveness, is helping India draw foreign investment” – “The macro…

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Read Time: 4 minutesOn the pretext of I-CRR(Prelude: as an instrument, I-CRR may have limited use, but as a concept-making part of banks’ liabilities unremunerative and, thus costly-its has immense disruptive potential) I-CRRR is an experimental instrument that may be developed and deployed to increase the cost of possessing what can be termed ‘unusable liquidity’.…

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Read Time: < 1 minuteInflation in Oil and Fats was -16.8% when food inflation had surged 11.5%. But not all categories are witnessing deflation. Milk based cooking medium- Ghee and Butter- are seeing rising inflation. A result of rising milk prices.

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Read Time: < 1 minutehttps://www.deccanherald.com/opinion/opinionmonetary-policy-rbi-inflation-emi-banking-repo-rates-2646662

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Read Time: < 1 minuteIndia’s palm oil imports in July jumped 59% from the previous month to 1.08 million metric tons, the highest in seven months, as refiners increased buying after its discount to rival edible oils widened, a trade body said on Monday. Higher imports by India, the world’s biggest buyer of vegetable oils,…

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Read Time: 2 minutesAbove 90% of India’s exports of some textiles and certain engineering goods such as electrical transmission lines to Australia are happening through the trade agreement which came into effect December 29, 2012, meaning that exporters have begun benefiting from the pact. Officials said that the utilisation of the India-Australia Economic Cooperation and…

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Read Time: < 1 minuteRBI research says when surplus liquidity persists above 1.5% of NDTL, for every percentage point increase in surplus liquidity, average inflation could increase by 60bps a year. But surplus liquidity within the threshold of 1.5% of NDTL poses no risk to inflation. Today’s move to drain surplus liquidity is aimed at…

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Read Time: < 1 minute◉ Exports decline, services stagnate — tough times ahead? https://www.deccanherald.com/opinion/india-exports-decline-services-tough-times-economy-export-ban-import-1242736.html |1aug|

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Read Time: 13 minutesIndia is known as the market that has confounded optimists and pessimists alike. Could this be its decade to shine? India’s significance as a rising global power came to light with Prime Minister Narendra Modi’s recent visit to the United States, where he addressed Congress, met with high-profile business leaders and dined…

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Read Time: < 1 minuteIndia’s FX Reserve finally back above $600 billion- $609 billion as of 14th July. The major attributes for the surge was higher valuation of EURINR and GBPINR and other INR crosses. Regular intervention to limit any rapid rise in rupee abv 81.80 added more $$ purchases.

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Read Time: 6 minutesThe global economic landscape has experienced a notable shift with the emergence of rising inflation and increased interest rates from major Central Banks. This shift has led to a consequential decline in interest rate differentials, particularly seen in the case of the United States, which has raised its fund rates to a…

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Read Time: 66 minutesCompany Name ; Equity Code ; Market capitalization as on March 31, 2023 ($ Mil) RELIANCE ; Reliance Industries Limited ; 197134TCS , Tata Consultancy Services Limited , 146632HDFCBANK , HDFC Bank Limited , 112261ICICIBANK , ICICI Bank Limited , 76561HINDUNILVR , Hindustan Unilever Limited , 75198INFY , Infosys Limited , 74050HDFC…

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Read Time: 2 minutesIncreasing integration of India in global economy is one of very few policy level certainties going forward. So, there is a need to understand why we need that, risks we are willing to take and concessions we can make, or not. Discussions on opening up economy are largely premised upon scarcity of…

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Read Time: 2 minutesKey Points: – A well developed corporate bond market supports economic growth – It provides an alternative source of financing to supplement the banking system and provides financial stability by moving fund concentration from the banking sector – It helps issuers to customize issuance to match maturity profile, hence reduces maturity risk…

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Read Time: 2 minutesThe RBI today intervened in the forward market. USD/INR forward yields were down 20bps across the curve up to 1y, with 1y yield ending at 2.67% RBI reducing cost of carry while wanting to defend the Rupee seems counterintuitive. We see three possible reasons: 1) RBI does not want it’s spot Dollar…

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Read Time: 2 minutes1. YES BANK’s Industry-First Cross-Border Blockchain Transaction: YES BANK has successfully executed an industry-first cross-border live transaction in collaboration with Secured Logistics Document Exchange (SLDE), a blockchain-enabled platform supported by the Government of India. This milestone aligns with YES BANK’s commitment to developing a comprehensive digital trade ecosystem. The initiative leverages blockchain…

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Read Time: 3 minutesIndia’s shipments to sanctions-hit Russia could grow by an additional $5 billion once the rupee settlement mechanism becomes functional, partially offsetting the demand slowdown in key western economies, according to a study by the Federation of Indian Export Organisations (FIEO). The study shows that farm products, food, drugs and engineering equipment are…

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Read Time: 4 minutes1. Rupee’s Depreciation and Foreign Reserves Depletion:The Indian rupee has faced consistent depreciation against the US dollar over the past six months, contributing to a decline in India’s foreign currency reserves. To address this, one proposed solution is the establishment of a temporary swap line with the Federal Reserve, aiming to alleviate…

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