The rupee closed at a record low of 90.41 amid strong importer dollar demand, Mexico’s tariff move, lack of the India-US trade deal, and continued FPI outflows, marking a 1% December drop and nearly 6% yearly depreciation.
Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspora. Banks
Bank term deposits under 7% surged to 61.8% in FY26 due to 125 basis points of policy rate cuts. Depositors shifted to longer maturities, with
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