FII's pump nearly Rs22000 crores in the Indian Markets.

Foreign institutional investors have pumped in about Rs 22,000 crores in the Indian markets in July, till date. Net investments in the equity markets have been to the tune of Rs 10,755 crores, whereas those in the debt markets have been close to Rs 11,200 crores.    

The long-awaited New Development Bank has been launched

After BRICS (Brazil, Russia, India, China and South Africa) leaders put their finishing touches on the $100B bank and currency reserve pool aimed at reshaping the Western-dominated international financial system centered around the IMF and World Bank. The launch marks the first big accomplishment by BRICS countries which account for almost half the world's population. The bank is scheduled to start lending in 2016.

FII's Investments in India for July till date

Latest data from SEBI suggest that net investments by foreign investors in July, stood at Rs 7,500 crores in the equity markets and Rs 9,200 crores in the debt markets.     

WPI & CPI inflation for June.

Wholesale price inflation for June came in at a 4-month low of 5.43% in June, as against 6.01% during May. Food inflation was 8.14%, as against 9.5%. Meanwhile, consumer price inflation for June was 7.31%, as compared to 8.28% during the previous month.    

RBI allows banks longer amortization period on infrastructure loans

The Reserve Bank of India (RBI) has notified that banks will be allowed to consider longer amortization periods with respect to loans to the infrastructure and core sectors. This implies that banks will be encouraged to make long term loans (upto 25 years) with the condition of periodic refinancing (every 5 years). However, none of the loans should turn into a NPA during initial years.    

BRICS agree to set up an Infrastructure Bank

Leaders of the five BRICS nations have agreed to a deal to create a development bank, which will provide funds for infrastructure projects. The bank is proposed to have a corpus of USD 100 bn.    

Mario Draghi is warning that euro zone recovery is at risk with a strong euro and highlighted that large-scale purchases of public and private debt do fall within the ECB's mandate to keep inflation low and stable. EU growth has been faced with a difficult time due to an appreciated exchange rate threatening price stability. Draghi has also urged EU member states to implement tougher structural reforms to boost economic development.