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While FDI flows are likely to stay broadly stable, record portfolio outflows, especially in equities, and rising dollar funding costs will keep capital flows negative, at least in the near term. While the RBI has room to manage the resulting outflows, Barclays believes that the space for rupee stability was shrinking, given persistent and large current account deficits.

When the economy is in an expansionary phase, however, an increase in money supply can cause higher inflation, implying that monetary accommodation during Covid-19 by the central bank needs to be reversed once the economy gets back to its normal path of growth.

The properties to go under the hammer include office premises, residential flats, land parcel, shops, land & buildings located in Gujarat, Maharashtra, Goa, Daman, and Dadra and Nagar Haveli.From November 2019 to March 2022, more than 266 properties were auctioned at a reserve price of Rs 1,297 crore

The Fed and the European Central Bank, which is also facing severe price pressures, have enough credibility to engineer a reduction in inflation without causing a deep recession, St. Louis Fed President James Bullard said on Friday.

The Government of India, in consultation with the RBI, has decided to offer a discount of Rs 50 per gram on the nominal value to those investors applying online and the payment against the application is made through digital mode.

The Fed has just finished a four-month public consultation period soliciting opinions on the idea of a digital dollar. Fed Vice Chair Lael Brainard has emerged as a key supporter while Fed Governor Chris Waller has made the case against.

"Things will get worse before they get better," Marcus Brennecke, global co-head private equity at EQT, told Reuters at the SuperReturn International conference."Between China, supply chains and interest rate hikes which impact on valuations, it equals a perfect storm."

The Nifty Bank index closed 0.39 per cent up at 32743.05.

"The central bank bull market has ended and now we are having a central bank bear market. The central bank bear market ends when Jerome Powell comes and says now I am through with the hiking cycle and I am going to stop hiking or I am going to do quantitative easing,"

The fund house increased holding in the stock to 16 lakh shares in May from 6 lakh shares in April, a jump of 189 per cent. In value terms, the fund house held Rs 261 crore worth of Escorts Kubota shares compared with Rs 91 crore at the end of April, data compiled by ICICIdirect suggests.