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With 80% of surplus liquidity being absorbed under VRRR at rate closer to repo rate of 4.0%, the introduction of SDF at 3.75% will improve the returns on the balance liquidity that was being placed by banks at reverse repo rate of 3.35%.

Reserve Bank of India has revised down India’s GDP growth estimate for 2022-23 to 7.2 percent. This is a significant downward revision from its earlier projection of 7.8 percent and, also lower than 7.4 percent GDP growth estimate put forth by FICCI’s latest Economic Outlook Survey.

Escorts Ltd, Adani Power Ltd, Welspun Corp Ltd and JK Paper Ltd are among the other losers in the BSEs A group today, 08 April 2022.

Its’ fund-based facility worth Rs650 million was assigned IND AA-/RWE/IND A1+/RWE.

RBI has raised its inflation and lowered its growth forecast given the global uncertainty looming that will have a dual impact on growth & inflation in FY23.

RBI continues on its exemplary act of balancing the contrasting pulls of its key objectives viz; price stability, growth support and easy financial conditions

The higher inflation projection and shifting of policy corridor to SDF would lead to higher bond yields

Equity mutual funds attracted a net sum of Rs 28,463.49 crore in March 2022. In comparison, equity mutual funds saw a net inflow of Rs 19,705.27 crore in February and Rs 14,887.77 crore in January, data from the Association of Mutual Funds in India (Amfi) showed on Friday. SBI Multicap Fund’s new fund offer (NFO) garnered Rs 8,170 crore in March 2022. Overall, the mutual […]

Pre-book the Next-Gen Ertiga at any of the Maruti Suzuki ARENA showrooms across India.

RBI keeps the rates unchanged and continues with its accommodative stance.