In 2023, Nifty exhibited a remarkable feat by achieving its eighth consecutive year of positive performance, underscoring its resilience amid various challenges. While challenges persist, the Indian growth story continues to be compelling.
RBI Raises UPI Payment Limits News: In a significant development for digital transactions, the Reserve Bank of India (RBI) has increased the UPI payment limits for hospitals and educational institutions from Rs 1 lakh to Rs 5 lakh per transaction. The announcement was made by RBI Governor Shaktikanta Das following the Monetary Policy Committee meeting, where various categories of UPI transactions were under review.
RBI MPC meeting: A prolonged rate pause and liquidity withdrawal, with a rate cut only in the second half of FY 25 experts, bankers and economists share their thoughts
Experts feel the central bank seems to be following other central banks and indicating higher rates for longer, but by any chance if the Federal Reserve cuts fed funds rate in first quarter of calendar year, which is 60 percent probability and there is 80 percent probability of cutting in second quarter, then the RBI may also do the same here.