- After sustained selling, FPIs recorded net equity inflows of ₹24,454 crore in December 2024. BSE Sensex rose 2.32% and NSE Nifty50 gained 2.22% last week.
- G-Sec yields rose slightly; 10-year yield ended at 6.74%.
- Policy rates unchanged; CRR reduced by 50 bps to 4%, releasing ₹1.16 lakh crore liquidity.
- Real GDP growth for FY25 lowered to 6.6%; inflation forecast reduced to 4.8%.
- Increased FCNR(B) deposit rates expanded FX-Retail platform access and introduced the Secured Overnight Rupee Rate (SORR).
- Collateral-free agriculture loans raised to ₹2 lakhs; AI-based MuleHunter.AITM introduced to detect fraudulent bank accounts.
- Banking law amendments include enhanced nomination flexibility, improved governance standards.
- Growth in NBFC AUM expected to slow to ~16% in FY25 (from 23% in FY24).
- Transaction limits in UPI Lite raised to ₹1,000 per transaction and ₹5,000 for offline payments to promote digital adoption.
- Merchant bankers to upload public issue documents on a repository platform for enhanced transparency.
- Closing Auction Session proposed for fairer stock closing prices, reducing volatility and aiding passive funds.
- Draft circular clarifies obligations for regulated entities collaborating with digital platforms to curb misinformation.
- OECD revised India’s FY25 GDP growth forecast to 6.8%, driven by infrastructure investment and robust consumption.
- HSBC indices showed moderated growth in services and manufacturing PMI due to pricing pressures and competition.
- India ranks 3rd globally with 185 billionaires, combined net worth $905.6 billion in 2024, up 42% YoY.
- H1FY25 saw a 45% YoY increase in FDI to $29.79 billion, led by services, software, telecom, and manufacturing.
- 92,000 patent applications in FY24, reflecting India’s growing innovation ecosystem.
Suggest reading detailed blog >> https://bit.ly/Weekending7thDec
