1. RBI’s MPC hiked the repo rate by 50 basis points to 5.4% while GDP growth projection and CPI inflation remains unchanged at 7.2% and 6.7% respectively for FY23.
2. UPI recorded an all-time high of 6 billion transactions amounting to ₹10.62 trillion in July 2022. A jump of nearly 100% in transactions on a Y-o-Y basis.
3. GST collections for July 2022 touched ₹1.49 lakh crore mark, a jump of 28% compared to the same month previous year.
4. Trust MF and Nippon MF have launched the NFOs for Trustmf Money Market Fund and Nippon India Nifty Alpha Low Volatility 30 Index Fund. The NFOs closes on August 11 and August 12 respectively.
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