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Tuesday, Jun 17, 2025
Including Kerala, nine states will raise a total of ₹23,000 crore through the sale of government securities.
Addressing the US-India Economic Forum organised by the Confederation of Indian Industry (CII) and US India Strategic Partnership Forum (USISPF) in Washington on Friday, Malhotra said that India is expected to record a growth rate of 6.5 per cent in the current financial year despite tremendous increase in uncertainty and volatility in global financial markets.
Kerala recorded the highest inflation in the country with 6.59 per cent in March.
This high inflation in Kerala is a concern for many experts, even with the cut in the repo rate.
Domestic key equity indices opened lower and remained in the negative territory throughout the session
Following the rate cut, the key policy rate eased to 6 per cent providing relief to home, auto and corporate loan borrowers.
On the sectoral front, auto, FMCG, and consumption were major gainers. IT, PSU Bank, pharma, metal, realty, infra and commodities were major laggards.
Currently, banks are allowed to charge ₹21 per transaction after a customer has exhausted the free transaction limit.
Kerala’s share of inward remittances rose to 19.7% from 10.2%.
Kerala’s inflation rate surged to 7.31% in February, up from 6.76% in January.
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