Rising gold prices and a series of other factors are set to challenge India's gold jewellery market in the first quarter of the current fiscal year. Demand for the precious metal is expected to be subdued due to price volatility. Despite these headwinds, Tata-backed Titan Company Ltd, which houses one of India's top jewellery brands, Tanishq, remains optimistic about the latter half of the year.
Open FlipThe two sides also discussed plans to scale up the UPI infrastructure and ways to address challenges faced by the fintech players. The central bank also sought “innovative” ideas to integrate potential users into the digital payments ecosystem. The RBI said that it will examine various suggestions received from the participants of the meeting and take action in “due course” of time.
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