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CA Abhishek Walia, a Chartered Accountant and financial planner, cautioned against mistaking bank balances for actual wealth in a LinkedIn post. He explained that most people overlook their fixed monthly expenses and wrongly assume their entire account balance is available to spend. Using an example of someone with Rs1.2 lakh in the bank, he showed that after accounting for essentials like rent, groceries, EMIs, and savings, only about Rs30,000 remains as true disposable income.

Nepal Rastra Bank has awarded a significant contract to a Chinese firm for printing 430 million pieces of its Rs 1,000 denomination banknotes. The China Banknote Printing and Minting Corporation secured the deal based on the lowest bid. This marks another collaboration as the company has previously printed various Nepalese currency denominations. The project cost is set at USD 16.

Infomerics Valuation and Ratings Private Limited. has revised the outlook for Globe Civil Projects Limited's long-term bank facilities from Stable to Positive while reaffirming the rating at IVR BBB. The short-term rating of IVR A3+ has also been reaffirmed.

Understanding what banks actually guarantee and how you can protect your valuables.

The Indian rupee ended 11 paise higher at 88.66 per dollar on November 7 against the October 31 closing of 88.77.

Gold prices have corrected over 10% from record highs amid profit booking, easing geopolitical tensions, and a stronger US dollar. Despite short-term weakness, analysts say long-term fundamentals remain strong, supported by central bank buying, inflation concerns, and golds role as a strategic diversification asset.

India's Consumer Price Index (CPI) inflation is expected to ease further and remain in the range of 0.4 per cent to 0.6 per cent in October 2025, supported by sustained declines in essential commodity prices and softening global trends, according to a report by Bank of Baroda (BoB).

Wall Street is tense. The US Federal Reserve just pumped $50.35 billion into the market. Its the biggest cash move since 2021. Banks are running low on liquidity. The Fed used repo deals to add cash overnight. Analysts say this hints at deeper US banking stress. The SOFR rate is rising fast. Liquidity is drying up. Another $22 billion came from the New York Fed on Monday. Markets fear cracks in the system. The word "credit crunch" is back. Echoes of 2008 are getting louder.

ReNew Energy Global Plc has secured $331 million (around Rs2,935 crore) in debt funding from the Asian Development Bank (ADB) for its clean energy project in Andhra Pradesh. The total project financing amounts to $477 million, with the remaining $146 million to be mobilised by ADB through other lenders.

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