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Bank Deposits Dive as Banks Play with Foreign Currency Funds

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Bank Deposits Dive as Banks Play with Foreign Currency Funds

Hold onto your hats! In the latest banking twist, deposits plunged by ₹6,534 crore and credit dropped by ₹70,639 crore, according to the RBI. But don’t fret! Yearly, deposits are still up 14.7% and loans up 18.3%. Banks are just playing musical chairs with their money, focusing on those attractive foreign currency deposits. It’s a bit of a shuffle, but no need to panic just yet!

Finance

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Gold's 9.6% Jump: Should You Buy More or Just Relax?

Gold is having a party, jumping up 9.6% this month! Investors are feeling a little happier, but remember, this shiny metal has been as steady as a cat on a hot tin roof for the past year. With the Fed's chatter and the US debt looming, gold's sparkling bright. Just don’t go all-in; think of gold as your trusty sidekick, not the main star!