The Central bank announced several measures to ease financing for the Indian industry. It has agreed to provide an enabling framework for Indian banks to finance acquisitions by Indian corporates, which has been a long-pending demand of Indian banks and is expected to reduce the cost of acquisitions

xThe Reserve Bank of India (RBI) has left the repo and reverse repo rates unchanged as it awaits greater clarity on the impact of US penal tariffs on Indian products. However, the Central bank signalled its readiness to support the economy if the US tariffs significantly hit the Indian industry.

The Central bank revised its economic growth estimates upwards for the current fiscal year to 6.8 per cent from the previous estimate of 6.5 per cent in August and lowered its inflation projection to

See Full Page