A higher-than-budgeted surplus transfer by the RBI to the government, and the central bank’s move to withdraw ₹2,000 notes from circulation have substantially altered the liquidity landscape for the banking system. Both announcements, made one after the other by the RBI on Friday evening, will result in an improvement in banking system liquidity, albeit in different ways.
Textile stocks rally after US hikes tariffs on Bangladesh garments
Indian textile stocks saw a surge following the United States’ decision to impose tariffs on Bangladeshi garment imports. This move sparked optimism for Indian companies,