Primary inflation has increased to 11%, against 10% last week. Rising prices and the RBI’s growing concern may see some policy changes in the near future.
Fuel prices have been cut to ease price pressures. Industry is holding on to prices, however, to keep profitability high, which may hurt it in other ways
Tata Motors is seeking to make use of JLR’s rising cash flows by leveraging its balance sheet, and refinance existing debt and potentially lower interest costs too.
State Bank of India’s reaction to the credit policy was swift, in a move which will see short term deposit rates spike and all loans will become expensive.
