A glimpse of the Indian economic scenario
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A glimpse of the Indian economic scenario

A glimpse of the Indian economic scenario

A glimpse of the Indian economic scenarioHere, we are talking about four important factors that affected Indian markets.

1. According to Reserve Bank of India data for the fortnight ended March 29, bank's credit growth for the financial year was at 13.24 percent to Rs.97.67 lakh crore while deposit grew 10.03 percent to Rs.125.72 lakh crore. This represents a second consecutive year of double-digit credit growth post-sub-five percent growth in the financial year of 2017.

2. Retail auto sales for the month of March were down eight percent year to year but up eight percent month on month. Sequentially, the two-wheeler space grew by 10 percent.

3. Brent Crude prices closed higher at about US$71.4 per barrel as compared to previous week's close of US$69.3 per barrel.

4. Gold prices closed slightly higher at about $1296 per ounce as compared to last week's closing price of $1292 per ounce.    

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