After a strong advance ahead of the US Federal Reserve’s policy statement later today, cautious investors booked profits, causing India’s share market to drop for three consecutive days, with the Nifty down about 600 points since Monday. After a strong 6.1 percent comeback from late November lows, the NSE index has fallen 2.5 percent since…
Following the Reserve Bank of India’s (RBI) policy announcement, shares in rate-sensitive industries including banking, finance, auto, and real estate are seeing a stable day. The financial industry is where the most notable effects are observed. At 50,243.45, the Nifty Bank index was up. It gained 611 points in a single day. Over the past…
Retail inflation in India, measured by the Consumer Price Index (CPI), likely reached a three-month high of 5.7% in November from 4.87% in October due to a spike in vegetable costs. Retail inflation stood at 5.88% in November 2022. On the other hand, the poll’s projections varied greatly, ranging from 5.30 to 6.92 percent. On…
Wednesday’s 5 paise increase in the rupee against the US dollar to close at 83.32 (provisional) was aided by a bullish trend in local equities and steady intake of foreign funds. Forex dealers claimed that strong gains for the local currency were limited by the Reserve Bank of India (RBI) purchasing dollars and the increase…
At its upcoming meeting, which is set for April 6–8, the monetary policy committee (MPC) is expected to vote in favour of a 25 basis point increase in the policy repo rate, according to economists, as the February MPC review minutes highlighted internal members’ elevated concerns over core inflation and hawkish communication. The February MPC…
The majority of financial industry professionals anticipate the Monetary Policy Committee (MPC) to opt for a moderate repo rate increase of 25 basis points during its policy review meeting this week. Monday marks the beginning of the MPC’s three-day deliberations, and February 8 marks the announcement of the result. In his most recent bimonthly monetary…
Two significant macroeconomic indices issued on Monday indicated conflicting trends. Consumer Price Index (CPI)-based retail inflation fell to an 11-month low of 5.88% in November from 6.77% in October, but the Index of Industrial Production (IIP)-based measure of industrial output shrank by 4% from 3.2% growth in September to 4.0%. For the first time in…
The markets appear to have agreed that the monetary policy decision is mostly hawkish after RBI Governor Shaktikanta Das asked the media, markets, and “informed circle” to estimate whether the MPC’s meeting outcome is hawkish, dovish, or “something else” totally. Despite the fact that investors had anticipated the repo rate increase of 35 basis points…
On November 16, the governor of the Reserve Bank of India, Shaktikanta Das, called a meeting with the heads of a few public sector banks and private sector banks to examine the sustainability of the country’s strong credit growth and determine whether any risks exist in the loan portfolios of the banks in light of…
The central bank should first try and bring down retail inflation to 6% – the upper band of its medium-term target – before modifying the pace of its rate increases Said C Rangarajan, the best-known economist and former governor of the Reserve Bank of India (RBI) Although the central bank does not set a specific…
