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Indians splurge big on festive season sales, buoying economy, Telecom News, ET Telecom

Festive Season Sales: Economists point to an easing in inflation and a pickup in wages, especially in the rural countryside, where a majority of India’s population live. Consumer confidence reached a four-year high in September, the latest central bank figures show, while demand for bank loans is hovering near a 12-year high despite interest rate hikes this year.
Andhra Pradesh Yuvika Singhal Saurabh Gupta Narendra Modi Anup Roy Ruchi Bhatia

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rbi: RBI may opt to roll over $5 billion forex swap

The Reserve Bank of India (RBI) is considering rolling over a $5 billion foreign exchange swap set to mature next week in order to prioritize liquidity management over bolstering forex reserves. Some investors believe that allowing the swap to mature could lead to an inflow of around ₹40,000 crore in the banking system, but others argue that the RBI should focus on battling inflation. The RBIs decision may also be influenced by its desire to augment reserves as it collects $5 billion back from...
Vivek Kumar Quanteco Research Reserve Bank Incremental Cash Reserve Ratio Reserve Bank Of India Central Banks Dollar

rbi: RBI may opt to roll over $5-b forex swap - The Economic Times

The Reserve Bank of India (RBI) is considering rolling over a $5 billion foreign exchange swap set to mature next week in order to prioritize liquidity management over bolstering forex reserves. Some investors believe that allowing the swap to mature could lead to an inflow of around ₹40,000 crore in the banking system, but others argue that the RBI should focus on battling inflation. The RBIs decision may also be influenced by its desire to augment reserves as it collects $5 billion back from...
Vivek Kumar Quanteco Research Reserve Bank Incremental Cash Reserve Ratio Reserve Bank Of India Central Banks Dollar

West Bengal does not have a single farmer suicide: Agriculture minister Sobhondeb Chattopadhyay

Sobhondeb Chattopadhyay said the income of West Bengals farmers has tripled, making it the highest growth rate in the country. He was speaking at the seventh Food Processing Conclave organized by CII. He also stressed the crucial role that 864 Farmer Producer Organizations (FPOs) in teh state should play in bridging the gap between buyers and producers for the benefit of both parties.
West Bengal Vivek Kumar Mamata Banerjee Sobhondeb Chattopadhyay Food Processing Industries Horticulture Arup Roy Agriculture Sobhondeb Chattopadhyay

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