Motilal Oswal Financial Services Ltd (MOFSL) Chairman Raamdeo Agrawal has said that his company is as digital as any other competitors and has not been left behind by the digital age. Agrawal said the company is still experiencing growth and he believes that growth is going to continue increasing for at least 5-10 years. Agrawal added that the growth is due to not only the performance of the market, but also MOFSL’s net worth, which he believes will continue to increase.
RBI does dollar/rupee swap for $5 billion, injects liquidity
The Reserve Bank of India (RBI) conducted a dollar-rupee buy/sell swap for $5 billion on Friday, with the transaction to be reversed on August 4.