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The number stood at 5.8% in March 2022, according to the report which also had a strong commitment by the RBI to be not complacent, given the present environment.

The S&P 500 opened lower by 1.48 points, or 0.04%, at 3,843.34, while the Nasdaq Composite dropped 35.68 points, or 0.34%, to 10,462.19 at the opening bell

The bank said it plans to raise capital up to an amount and aggregating to Rs 250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds

According to Sebi, the subscription towards the OFCDs was solicited by the two companies from the general public throughout the country, without adequately informing them about the risks involved in the instruments.

Brent crude was up 56 cents, or 0.7%, at $84.48 a barrel by 1240 GMT and U.S. West Texas Intermediate crude gained 35 cents, or 0.4%, to $79.91. Both benchmarks hit their highest since December 5 earlier in the session

The rupee was at 82.85 per dollar on Tuesday, having dropped 11.5% so far in 2022, on course to log its worst yearly decline since 2013

Broader markets continued to see a good run, with Nifty Midcap 100 reporting gains of 1%.

Now, Nifty has to hold above 18081 zones for an up move towards 18250 and 18350 zones, whereas supports are placed at 18018 and 17950 zones, said Chandan Taparia of Motilal Oswal.

The board meeting held today, i.e. December 27, 2022, has inter alia considered and approved the terms of the rights issue, it added.

The Government raised Rs 4,06,000 crore through dated securities as against notified amount of Rs 4,22,000 crore in the borrowing calendar, according to the quarterly report on debt management for July-September released by the finance ministry on Tuesday.