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Food inflation still a concern for RBI, price stability needed for high growth: Minutes of MPC meeting

As per minutes, RBI Governor Shaktikanta Das said the success in controlling inflation has to be preserved and taken forward to achieve a 4 per cent inflation target on a durable basis.  ....

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Ajith Kumar KK named CEO of Dhanlaxmi Bank

Ajith Kumar KK appointed as Dhanlaxmi Bank s MD and CEO by RBI, succeeding JK Shivan. Shivan to continue briefly. Dhanlaxmi Bank shares rose by 1.37% on BSE to Rs 44.40. ....

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Currency in circulation rises despite Rs 2,ooo note withdrawal

India Business News: The currency value increased in FY24 despite Rs 2,000 notes withdrawal. Slowest growth rate since 2018. Rs 500 notes now account for 86.5% of all CIC ....

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US Federal Reserve signals interest rate cuts in 2024 second half: Should you invest in debt funds?

The US Fed has indicated it will cut interest rates in the latter half of 2024. It is an opportunity for investors to invest in debt funds and lock into current high yields and potential for future capital gains. ....

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inflation: India's retail inflation eases to 10-month low of 4.85 per cent in March, IIP at four-month high

India s retail inflation dipped to 4.85 per cent annually in March from 5.09 per cent in the previous month, as per ET bureau. A Reuters survey had anticipated a decrease to 4.91 per cent. The figure falls within the 2-6 per cent tolerance band set by the Reserve Bank of India (RBI). ....

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