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Data● Neutral for Indian equities
Credit card transaction volumes rise, but lower ticket sizes drag August spending
The brief
- Credit card transaction volumes rose, and outstanding cards reached a new high
- August spending remained above ₹2 lakh crore, while lower ticket sizes dragged growth
- Banks and card issuers face stronger usage but weaker spending per transaction
- Markets pricing an excessive 125bps rate hike over the next one year: Nomura
- FMCG Sector Under Pressure As Rural Volumes Fall 5% In June Quarter: NielsenIQ
- Triple shock rattles India’s FMCG basket as 68% of categories lose volume
- Electronics demand, policy support and shifting supply chains underpin India’s semiconductor push
- Ather Energy plans aggressive push into overseas markets: CBO Phokela