Concerns are rising over the impending trade deal deadline between India and the United States, leading to market consolidation and profit booking. Inditrade Capital’s Sudip Bandyopadhyay advises caution as the US policymaking remains volatile. Eternal’s stock declined after shareholder approval to cap foreign holding at 49.5%, a strategic decision impacting potential global index inflows.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.