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Wednesday, Jun 18, 2025
During the day the local unit witnessed an intra-day high of 79.86 and a low of 79.92 against the American currency.
Global risk aversion has led to rupee depreciation against the dollar.
The mass return of Keralites in the aftermath of the COVID crisis and the influx of North Indians to the Gulf is likely to have contributed to this change.
Based on data for the year 2020-21, an RBI-supervised study 'State Finances: A Risk Analysis' has ranked Kerala among the top five most indebted states in India.
For the five most indebted states of Bihar, Kerala, Punjab, Rajasthan and West Bengal, the debt stock is no longer sustainable, as the debt growth has outpaced their GSDP in past 5 years.
The dip in prices is likely to be temporary, economists say, as a heatwave in June has pushed up prices of vegetables, while the govt cut estimates of wheat production due to dry spells in northern India.
RBI Governor Shaktikanta Das said the available information for April and May 2022 indicates that the recovery in domestic economic activity remains firm, with growth impulses getting increasingly broad-based.
At present, UPI facilitates transactions by linking savings or current accounts through users' debit cards.
The monetary policy committee (MPC) raised the key lending rate or the repo rate by 50 basis points (bps) to 4.90%.
The RBI Governor said the repo rate will be increased, but declined to say by what percentage.
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