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The Bank Nifty index surged to a record high, fueled by the RBI's unexpected interest rate and CRR cuts, boosting banking and NBFC stocks. This rally propelled the Nifty to its highest closing in 2025, with mid-cap and large banks with high LDRs and tight LCRs poised to benefit significantly from the increased liquidity.
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The chancellor calls it a "landmark decision" but critics say the government will regret the move.
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As the government outlines its spending plans, people with a range of incomes tell us where they think the money should go.
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News and Media
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