The spike in commodity prices following Russia’s invasion of Ukraine, spiralling inflation, and steep rate hikes by central banks hurt consumption significantly and hurt consumer durables and consumer discretionary firms.
Indian banks are attracting foreign currency deposits at a brisk pace. Indian Bank and Central Bank of India have garnered substantial foreign currency deposits. The
South Indian banks have seen their gold-loan portfolios nearly double in three years. This significant growth is driven by rising gold prices and increased demand
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