The weighted average call rate, the target of the Reserve Bank of India’s (RBI) interest rate actions, also climbed above the repo rate, a development that usually occurs when banking system liquidity is in deficit.
Memory stocks showed initial promise but are now faltering, weighed down by anxiety surrounding the artificial intelligence market. Sandisk and Western Digital reported declines, while
Skyways Air Services plans a ₹399 crore IPO to repay debt and fund working capital. The company’s promoter stake will decrease significantly after the initial
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