In the last few years, any reference to an increase in interest rates in the US led to a short-term rout in stock markets of many countries including India, and thus the acceptance of the above phrase on Fed sneezing.
Liquidity in the banking sector has contracted to below ₹5 lakh crore, causing the weighted average call rate to rise to 5.31%. The Reserve Bank
On Tuesday, the Indian rupee appreciated to 95.59, benefiting from a decrease in oil prices. The central bank’s dollar sales helped mitigate pressure on the
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