Stay Ahead in the Competitive Cashback Market
- RBI’s G-Sec Buyback: The Reserve Bank of India (RBI) accepted nearly Rs 25,000 crore bids in a recent government security (G-Sec) buyback auction. This move could impact interest rates and, consequently, the cost of credit for banks and financial institutions, potentially affecting their ability to offer lucrative cashback programs.
- China’s Debt Swap Plan: China is considering a massive $853 billion debt swap to rescue local governments. This could have global economic implications, including potential shifts in investment patterns and consumer spending, which might indirectly influence cashback offers.
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