Liquidity has been a concern as banks have been grappling for stable deposits for months. This is reflected in an increase in the credit-deposit ratio for individual banks.
The rupee is tipped at around 82.82-82.86 to the dollar at open compared with 82.76 in the previous session. On Thursday, rupee dipped to a record low of 83.25.
In January 1st week, India had forex reserves worth $633 bn, indicating a fall of over $82 billion so far. Forex depletion means RBI's been selling dollars to tackle falling rupee.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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