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Former RBI Deputy Governor R. Gandhi suggests the Reserve Bank of India is adopting a cautious approach due to rising inflation and concerns about tariffs. The RBI expects inflation to remain above 4% in the coming quarters. This cautionary stance explains the decision to hold rates, reflecting the Monetary Policy Committee's readiness to act based on incoming data.
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The stock debuted on the BSE at 179.10, registering a 19.4% gain over its IPO price of 150. On the NSE, it opened at 178, indicating an 18.7% premium.
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Shares of Reliance Infrastructure and Reliance Power have tumbled up to 19% over the past six trading sessions amid an ongoing investigation into an alleged Rs 17,000 crore loan fraud involving the Anil Ambani-led companies.
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