The (services) sector contributes about 60 percent to the India's economic growth. In FY 2013-14, foreign investment in the sector increased to USD 3.25 billion from USD 2.22 billion in the preceding fiscal.
According to the tax and advisory firm, there were 110 PE deals worth USD 2.15 billion in July this year as against 55 transactions worth USD 1.85 billion in the year-ago period.
Besides, the progress of monsoon, movement of the rupee against the dollar, crude oil prices and auto sales numbers will also be key factors determining the trend on the bourses.
Rupee has lost 233 paise or 3.65 percent in the last three-week correction.
Positive comments from the officials that the government in touch with the RBI to take necessary steps to deal with the crisis helped to calm market nerves.
Hinting at the fourth interest rate cut this year, RBI Governor Raghuram Rajan has said he is not done with lowering rates and the central problem for the entire world remains slowing economic growth.
RBI Governor Raghuram Rajan has hinted that the central bank could go for a rate cut during its monetary policy review in September.
State Bank of India chairman Arundhati Bhattacharya on Friday said RBI is likely to keep repo rate unchanged in the September monetary policy review due to the uncertainty in the markets and a volatile rupee.
Scheduled commercial banks' credit growth slowed to 8.6 percent in quarter ended June against the 12.9 percent in the same period last year, the RBI data showed.
India's total external debt rose by USD 29.5 billion, or 6.6 percent, to USD 475.8 billion at the end of March, mainly due to increase in external commercial borrowings and NRI deposits.
Overseas investors have pulled out over Rs 15,000 crore from the Indian capital markets in the last five trading sessions.
Government on Friday said Rs 22,000 crore have been deposited in over 17.5 crore bank accounts within a year of the launch of the Pradhan Mantri Jan Dhan Yojana, the largest financial inclusion scheme in the world.
With government declaring the second and fourth Saturdays as public holiday for banks from September 1, RBI on Friday said that all money market segments will continue to remain open on all Saturdays.
The rupee weakened by 10 paise to end at 66.14 against the US dollar due to month-end demand for the American currency from importers and banks.
The gold reserves stood unchanged at USD 18.250 billion.
SBI chief Arundhathi Bhattacharya on Friday said the government needs to think about "ways and means" to sustain social security schemes.
The gross NPA level in percentage terms was around 9.5 percent.
Capital markets regulator Sebi has ordered Ally Multitrade India and its directors to refund the money, it had illegally raised from investors, along with promised returns within three months.
The central bank has cut rates thrice by a cumulative 0.75 percent this year.
Building on its gains the day before, the benchmark BSE Sensex surged 161 points to settle above the 26,000 level.
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