"RBI, GST, and More: Your Daily Update on India's Financial Trends"

FPI Withdrawals

Foreign Portfolio Investors (FPIs) have reportedly withdrawn over ₹58,000 crore from Indian equities in October, reflecting shifts in global investment flows due to rising U.S. bond yields and market uncertainties​

IPO Trends

India is leading in IPO activity with over 227 listings in 2024, showing strong investor confidence amid a vibrant market landscape

RBI and Inflation

The Reserve Bank of India (RBI) has maintained its stance on the repo rate at 6.5%, attributing the decision to inflationary pressures and potential economic impacts of Middle East tensions. Despite high inflation, the RBI projects a stable GDP growth at around 7.2% for FY2025​

GST Collections

The Goods and Services Tax (GST) collections for October have surpassed ₹1.5 lakh crore, marking a significant increase compared to the same month last year. This surge indicates robust economic activity and improved compliance.

Automobile Sales

Leading automobile manufacturers have reported a decline in sales for October, attributing the downturn to supply chain disruptions and increased input costs. Companies like Maruti Suzuki and Tata Motors have experienced year-over-year sales declines.