The Reserve Bank of India (RBI) may ease overnight money market rates next month, as it tolerates government spending funds as long as durable liquidity reduces, in line with its inflation targeting aim. If government spending picks up in Q4 and system liquidity improves, overnight rates could fall back towards the Repo rate.
PNC Infratech shares tank 20%. What’s triggering the steep plunge on Tuesday?
PNC Infratech shares plunged after NHAI extended the debarment of Awadh Expressway to the company for three years, restricting its participation in key road project