Retail Testing Of The Digital Rupee Begins, Great November For Auto Companies & More

Reserve Bank of India begins testing the digital rupee for use by the aam aadmi. 8 banks are to be involved in the first phase of testing to ensure stability and the security of the system. World markets celebrate as the US Federal Reserve Chairman says the pace of rate hikes could slow from this month itself but warns that inflation still remains high and Fed is not letting up on its fight against price rise. Yet another record close for the Nifty and Sensex led higher by IT and metals. The bull run is now on for eight straight days. Nifty ended above 18,800, 50 points higher while Sensex sported a 100-point rally at the close. It's a great November for auto companies. Car sales jump on a low-base effect but 2-wheeler sales lag as high prices hit rural demand. This & more only on #BusinessTodayTV.