Following a three-day meeting, the RBI Monetary Policy Committee (MPC) retained the 5.5% repo rate. It’s not the main news, though. The central bank has announced important steps to fortify the banking industry. The FY26 GDP forecasts have also been increased to 6.8%. Additionally, for FY26, the Reserve Bank of India forecasted CPI inflation at…
In support of a resurgence in private corporate investment and private spending, Reserve Bank Governor Sanjay Malhotra and the other five members of the rate-setting panel voted earlier this month for a 25 basis point drop in the repo rate. On April 9, Governor Malhotra’s Monetary Policy Committee (MPC) lowered the short-term lending rate by…
Wednesday saw a strong recovery in equity indexes, with late-session buying in financial companies helping the Sensex rise more than 300 points and the Nifty close above 23,400. The volatile session saw the Sensex rise 309.40 points to close at a two-week high of 77,044.29. On its way to 23,437.20, the NSE Nifty gained 108.65…
