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The spot prices of gold have dropped about 1,650 per 10 gram since March 7, whereas silver has eased about Rs 2,500 per kg in the last five trading sessions.

"As we enter the next phase of growth, we are excited to work with Ajay Devgn to promote Tetmosol to our consumers across India and enhance our reach," Piramal Consumer Products Division CEO Nitish Bajaj said in a statement.

The Monetary Policy Committee will add another 25 basis points to Bank Rate this week, taking it to 0.75% - its pre-pandemic level - according to 44 of 49 economists polled by Reuters March 10-14. The other five said there would be no change.

New crypto funds also raised nearly $3 billion over the last two weeks as of Friday, the most so far this year.

On the Sensex and Nifty, the bulk of the gains was driven by Infosys, up 3.8%, and shares of lenders. The Nifty Bank advanced 2.2%, led by HDFC Bank, which moved up 3.3% after the Reserve Bank of India lifted restrictions imposed on its digital launches.

Oil prices slid to a two-week low on Tuesday on continued ceasefire talks between Russia and Ukraine and concerns about demand in China after a surge in COVID-19 cases. Brent futures dropped $4.20 or 3.9% to $102.70 a barrel by 0125 GMT after falling 5.1% the previous day.

While individual loans are expected to do well, business loans still face asset quality concerns. “Within the NBFC-Retail segment, personal credit, microfinance and gold loans are likely to be the primary growth drivers as other traditional asset segments-vehicle finance and business credit are still facing headwinds because of supply constraints and asset quality concerns" said Manushree Saggar, vice president, financial sector ratings, Icra.

While the RBI may have been comfortable about local inflation, expecting minimum impact from global factors, the assessment of fast-changing geopolitical dynamics on commodity prices and their stickiness will still hold lessons for the Indian central bank.

Aditya Birla MF, Axis MF, Morgan Stanley, ICICI Bank and AK Capital are said to have subscribed to these bonds that offer 6.85% for now every quarter, on a par with the sovereign benchmark bonds, market sources told ET. Individual investors could not be contacted immediately.

Brent futures fell $8.64, or 7.7%, to $104.03 a barrel by 10:59 a.m. EDT (1459 GMT). U.S. West Texas Intermediate (WTI) crude fell $8.74, or 8.0%, to $100.59.