India's headline CPI inflation in line with forecast, monsoon progress is key: Economists

IANS | July 13, 2026 6:27 PM

New Delhi, July 13 (IANS) Economists on Monday said India's headline CPI inflation at 4.38 per cent for June is in line with their forecast, adding that over the next two quarters, inflation is likely to remain range bound at 4-4.5 per cent, with food as the key swing factor amid uneven monsoon progress and El Nino-linked rainfall variability.

Banks expect NRI fund inflows to accelerate further amid FM Sitharaman's call to intensify outreach

IANS | July 13, 2026 6:03 PM

New Delhi, July 13 (IANS) The chiefs of public sector banks (PSBs) and financial institutions informed Finance Minister Nirmala Sitharaman on Monday that there was a strong response from NRIs to the higher interests rates and incentives that have been announced across foreign currency non-resident bank deposits FCNR (B) deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) swap initiatives.