The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept policy rates unchanged at its June meeting. The repo rate stands at 5.25%, standing deposit facility rate at 5.00% and the marginal standing facility rate at 5.50%
A leading global investment bank sought to strengthen its position in the automotive asset-backed securities (ABS) market.
The objective was to create a retail-ready strategy for an asset manager to effectively raise funds by repositioning an Asia-focused bond offering for mass affluent investors while meeting retail distribution and compliance requirements.
The average cost of preparing a thali at home is calculated based on input prices prevailing in north, south, east and west India. The monthly change reflects the impact on the common man’s expenditure. The data also reveals the ingredients (cereals, pulses, broilers, vegetables, spices, edible oil and cooking gas) driving the change in the cost of the thali.
Industrial growth, as measured by the revised Index of Industrial Production (IIP) series, accelerated to 4.9% in April from 3.2% in March, driven by stronger growth in manufacturing and electricity production.