RBI raised interest rates again in September by 50 bps to total of 190 bps in current cycle to combat inflation. There is a small not on policy actions by US Feds and the currency depreciation going on in majority of global currencies against USD. Stock markets were weak and fell almost 5.25% as global cues-remained unfavorable and FII again turning net sellers.
Key Merger and Equity Deals include Amalgamation of 6 subsidiaries into Tata Steel and Tata 1mg turning into a unicorn on account of investments from Tata Digital.
