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Due to very high volatility in the market, it is not advisable to create any new positions in the market today.
RBI’s Financial Stability Report. The Reserve Bank of India’s Financial Stability Report highlighted consumption slowdown, noting that the domestic economy hit a soft patch recently as private consumption, the key driver of GDP, turned weak. · Here are the other highlights of the report: · The subdued new investment pipeline and a widening current account deficit have exerted pressure on the fiscal front. · Reviving private investment demand remains a key challenge going forward while being vigilant about the spillover from global financial markets. · Macro-stress tests suggest gross nonperforming assets may decline from 9.3% in March 2019 in 9.0% March 2020. · Bulk of the legacy NPAs already recognised in the banking books. · Provision...
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