Money from non-resident Indians to Kerala remains strong. Banks like Federal Bank and South Indian Bank show growth in deposits. This inflow is vital for Kerala’s economy. A weaker rupee also boosts remittances. Experts believe inflows will continue unless job losses in the Middle East occur. A prolonged conflict could pose a long-term risk.
Global Market: Japan weighs revised monetary policy language in economic blueprint to reinforce BOJ independence
Japan’s government is considering revising the language in its economic policy blueprint. This move aims to underscore the Bank of Japan’s independence in monetary policy,