The National Egg Co-ordination Committee (NECC) pegs the rise at 35-40% over the past year. Ex-farm prices now stand near Rs 7 per egg. Retail prices range between Rs 8.50 and Rs 9 per egg across most Indian cities.
State-run oil marketing companies kept petrol and diesel prices unchanged on Aug. 27. Brent crude eased over 2% to $86.43 a barrel on Aug. 26
Kotak AMC's Nilesh Shah says India is sitting on trillions of rupees in idle gold and wants startups to unlock it through crypto and stablecoin products rather than let the import bill keep climbing.
UPI has also emerged as a global platform for cross-border digital payments and is currently operational in 11 countries.
Currency in circulation has more than doubled since FY16, RBI's Shirish Chandra Murmu says — proof that cash and digital payments are growing together, not apart.
Petrol and diesel prices remained unchanged on Aug. 24 as Brent crude fell $1.22 to $93.17 a barrel and WTI declined to $85.86
The cumulative rainfall deficit narrowed sharply from 35% on June 16 to 12.6% by August 19. The improvement has also been reflected in Kharif sowing, which has recovered considerably after a weak start to the season.
The RBI and the government had launched a series of measures to attract more forex flows into the country last month, including the FCN (B) measure.
Services activity recovered in August, while manufacturing growth slowed to its weakest level in five years, keeping overall private-sector expansion subdued.
Rohit Jain also highlighted that unauthorised entities offering online forex trading are seen to operate outside FEMA and ETP regulation altogether.
