As the repo rate skyrocketed from 4% to 6.5% over the last 20 months, the debt burdens of home loan borrowers ballooned, as EMIs increased and loan tenures extended, sometimes well beyond retirement age
Indian economy is likely to log 6.3% growth in FY24 and FY25 on the back of macroeconomic and financial stability, International Monetary Funds Executive Board said Tuesday. The multilateral body expects investment to rise to 31.9% of GDP by FY25 and savings to rise to 30%.
Nov CPI inflation seen at 3-month high of 5 7% financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The RBI’s mention of the “risk of overtightening” amid a fluid global backdrop strengthens our view that domestic policy reversal will be a function of global dynamics.
Market participants largely expect the RBI to keep the repo rate unchanged while taking a cautious approach to food inflation. The market is also keen to know about the RBI plan of action to withdraw excess liquidity from the system