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Value of CDs climbs to Rs 5.75 trn, rates cross 7% for marquee banks

Value of CDs climbs to Rs 5.75 trn, rates cross 7% for marquee banks

The data from Clearing Corporation of India shows that HDFC Bank raised Rs 450 crore at 7.01 per cent in one-year money, while IndusInd Bank borrowed Rs 1,075 crore at 7.49 per cent for the same tenor. Illustration: Uttam Ghosh

Retail inflation rises to 1.33% in Dec

Retail inflation rises to 1.33% in Dec

Retail inflation rose to a three-month high of 1.33 per cent in December, mainly due to higher prices of food items, but remained below the Reserve Bank of India’s lower tolerance level. Illustration: Uttam Ghosh The Consumer Price Index (CPI)