Please pay close attention to this message.
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The RBI will pay Rs 2.1 lakh crore as a dividend for FY 2024. This is the highest-ever surplus, last year it was Rs.87,416 crores.
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Nifty was up 80 points immediately before the market closed.
10-year G-Sec yield fell below 7% for the first time this year.
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Economists predicted the amount to be around Rs.1lac crore, this amount is well beyond anyoneβs imagination. It will certainly help the government in reducing their Fiscal Deficit.
πππ§πππ’ππ’ππ«π’ππ¬: Β INR strengthen, Interest rate falling.
The next Government will have a large amount to spend
πππ§πππ’ππ’ππ«π’ππ¬: Β Infrastructure & Consumption
βIndia is on the cusp of a long-awaited economic take-offβ. βNon-food spending is being pushed up by the green shoots of rural spending recoveryβ, RBI commented.
πππ§πππ’ππ’ππ«π’ππ¬: Β Equity markets & FII confidence.
Inflation falling would mean lower interest rates for borrowers.
πππ§πππ’ππ’ππ«π’ππ¬: Β Borrowers & Real Estate
This news along with a stable new Government could mean a big run in equity markets and huge wealth creation for investors.
Donβt stay out! Be Invested.