IDBI Bank shares fell amid updates on its strategic disinvestment, with Fairfax Financial and Emirates NBD emerging as bidders. The government and LIC plan to sell a combined 60.7% stake in the lender as part of the privatisation programme.
Liquidity in the banking sector has contracted to below ₹5 lakh crore, causing the weighted average call rate to rise to 5.31%. The Reserve Bank
On Tuesday, the Indian rupee appreciated to 95.59, benefiting from a decrease in oil prices. The central bank’s dollar sales helped mitigate pressure on the
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