Stay updated with breaking news from Primary Dealership. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Status quo maintained, but monetary stance considered irrelevant. Rates to remain unchanged. MPC interest rate decision voted 5 to 1. Financial markets volatile, with banking shares retreating. Experts believe rate easing odds have lengthened.
The Reserve Bank of India (RBI) has maintained interest rates and monetary stance steady for the sixth consecutive monetary review meeting, amid geopolitical tensions and uncertain food prices. The central bank forecasts the economy will repeat its performance next fiscal, expanding at 7%, and inflation will remain above the target at 4.5%. The panel's focus on the withdrawal of accommodation has led to cracks in the Monetary Policy Committee, with both decisions voted 5 to 1.
The Indian rupee is likely to track the moves in its Asian peers early this week, with investors closely monitoring the outcome of the U.S. Federal Reserve meeting, while the move in bond yields will...
India's sustained fall in core retail inflation and subdued inflationary pressures could prompt the Reserve Bank of India (RBI) to ease its policy stance to 'neutral' next month. Economists believe a shift in stance is likely based on the inflation outlook, global financial conditions, and liquidity situation.
The Indian rupee this week will likely look to build on its nascent momentum, counting on more debt and speculative flows and the dollar's soft outlook, while government bond yields may consolidate...