Indian equity markets retreated from near record highs on Monday, ending a four-day winning streak. Profit-booking and sector-specific weakness overshadowed positive global cues and foreign fund inflows. The Sensex fell 0.54% and the Nifty 0.47%, although broader markets outperformed. Investors are now eyeing trade negotiations with the US for near-term direction.
RBI relaxes rules on current, CC and OD accounts; threshold raised to ₹10 crore
The Reserve Bank of India has relaxed norms for business accounts. Customers can now open current, cash credit, and overdraft accounts more easily. The aggregate