Latest happening in India

Siddarth

Bank's rules updated.
There will be a new rule that impacts the ATM and bank fee structure that was implemented in July. Also, your PAN card is linked to your Aadhar card so that in case of unsuccessful payments, you get your money back easily.
RBI revised the repo rate.
The RBI cut the repo rate from 6% to 5.50%, which makes it easier for people to get the loan easily.
Strong economic growth.
India's economy is going strong right now. Have a low inflation rate, which is around 2.8%, with strong bank's health.
The Indian rupee is getting stronger.
Hopes for a US-India trade deal by July 9 strengthen the rupee. Weaker US job data also may calm currency markets.
Significant IPO Growth.
With a robust pipeline and regaining investor confidence, July may witness about $2.4 billion in initial public offerings.