The RBI prioritized asset quality but now focuses on liquidity conditions at private banks. With rising online transactions and security concerns, the RBI drafts reforms on LCR exposure. Additionally, a favorable Budget is expected to boost FMCG sector growth, particularly from rural demand. The rupee might depreciate, but the RBI aims to balance inflation and forex liquidity.
Tech View: Nifty’s weekly bullish engulfing candle signals strength; key resistance at 23,800. How to trade on Monday
Nifty formed a red candle on the daily chart on Friday, indicating weakness, but a green candle on the weekly scale confirmed last week’s bullish