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Get ready for global turbulence, China imploding: Uday Kotak warns

Uday Kotak has warned of global economic turbulence as US inflation may delay rate cuts, keeping interest rates elevated. Kotak predicts US rate cuts postponed until closer to US elections while the rates will remain elevated in global economies including in India. Fed officials see key interest rate peaking, aiming to ease policy gradually. US inflation surges, dampening rate cut expectations. ....

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RBI Policy Rate: No tango with repo, yet RBI moves ease rates

The Reserve Bank of India (RBI) has indirectly eased policy rates through consistent liquidity injections, leading to a decline in the weighted average call rate (WACR) towards the benchmark repo rate. This trend reflects increased confidence in liquidity management strategies, supported by government spending and proactive RBI operations. Analysts suggest a shift towards containing inflation while maintaining stable borrowing costs. ....

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RBI MPC Policy: Reserve Bank leaves inflation projection for FY24 unchanged at 5.4%

RBI Monetary Policy: The Reserve Bank of India s Monetary Policy Committee today left interest rate target for the next fiscal year unchanged. India s policymakers implement measures to control inflation through monetary and fiscal interventions, export restrictions, and actions against hoarding. Finance Minister Nirmala Sitharaman recently stated that retail inflation is stable, thanks to government efforts to check price rise in perishable commodities. ....

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RBI gives a must-do-list for financial institutions amid Paytm crisis

RBI Governor emphasised the importance of good governance, risk management, compliance culture, and customer protection for the safety of financial institutions. The comments come amid the Paytm crisis. Paytm Payments Bank faces an uncertain future after RBI s regulatory actions, which could lead to a financial impact of Rs 300-500 crore on its yearly earnings. ....

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