A higher-than-budgeted surplus transfer by the RBI to the government, and the central bank’s move to withdraw ₹2,000 notes from circulation have substantially altered the liquidity landscape for the banking system. Both announcements, made one after the other by the RBI on Friday evening, will result in an improvement in banking system liquidity, albeit in different ways.
Market keenly watching if Budget could trigger mass market consumption: Sunil Subramaniam
Sunil Subramaniam, Market Expert, expects the Budget to focus on boosting consumer spending, particularly supporting those at the economic bottom. He predicts minimal tax changes,
January 23, 2025