Economists from major banks expect the Reserve Bank of India to lower the cash reserve ratio this week. This move would help support growth by providing liquidity without changing benchmark rates. The RBI might also use open market operations to manage liquidity. This is in response to lower forex reserves, government cash balance, and foreign portfolio outflows.
Sebi launches new verification agency to crack down on mis-selling
Sebi has launched the Past Risk and Return Verification Agency (PaRRVA) to combat mis-selling of investment products. This tech-driven system, linking credit rating agencies and