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Thursday, Jun 26, 2025
The rupee closed at 79.9625 per US dollar, down from 79.8650 in the previous session.
The credit-deposit ratio stood at 73.5 per cent at the all-India level in the month.
The bidding for the loan at the Reserve Bank of India (RBI) would be held on August 29.
The payment systems include Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system and Unified Payments Interface (UPI).
Despite the marginal drop, the CPI is still over the 6% upper limit set by the RBI.
The RBI had constituted a Working Group on 'digital lending including lending through online platforms and mobile applications' on January 13, 2021.
Those who took car and housing loans will now have to shoulder additional interest burden.
He said the financial stability, macroeconomic stability, and resilience of growth are being witnessed despite two Black Swan events happening one after the other and multiple shocks.
The RBI caught markets off guard with a 40 bps hike at an unscheduled meeting in May, followed by 50 bps increase in June, but prices have shown little sign of cooling so far.
The strict order came on June 13 as the banks did not follow the initial directive given to them in April. With this, many entities under the State Government will have to face obstacles in availing of loans.
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