The Reserve Bank of India has raised payment limits for UPI transactions in hospitals and educational institutions, among a clutch of other measures for the fintech sector, at its monetary policy meeting today. This and more in todays ETtech Top 5.
With Reserve Bank of India expecting to maintain status quo on policy for the next five-six months, debt market experts suggest that investors can start taking some exposure in 10-15-year papers at this point.
Stance of the monetary policy, if it still has any significance, will likely be untouched in light of rising crude prices and global ‘soft landing’ backdrop.
Daily central bank data showed that the RBI injected funds worth ₹23,644.4 crore into the banking system on August 21, marking the first infusion of cash since March 27. An injection of funds by the RBI reflects deficit liquidity conditions in the banking system.