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Wednesday, Apr 16, 2025
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.
India's retail inflation slipped to 3.6 percent in February.
The tenure of Das will be "co-terminus" with the term of the prime minister or until further orders, whichever is earlier.
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