India’s latest budget balances fiscal discipline with growth support, aiming for an investment-grade economy through targeted measures and enhanced productivity. Prioritizing long-term stability, it features a credible consolidation path and a significant increase in planned capital expenditure, while a hike in securities transaction tax on equity derivatives poses a negative surprise for markets.
RBI to conduct Rs 25,000-cr overnight variable rate repo auction on Jul 8
The Reserve Bank of India is set to hold an overnight variable rate repo auction on July 8, offering Rs 25,000 crore. This auction aims