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Source: Business Standard 3 min read Last Updated : Oct 09 2024 | 11:04 AM IST The Reserve Bank of India (RBI) on Wednesday decided to keep the repo rate unchanged for the tenth consecutive time, signaling a pivotal moment in the interest rate cycle. The shift from an accommodative to a neutral stance…
Source: Business Standard 4 min read Last Updated : Oct 09 2024 | 11:18 AM IST The Reserve Bank of India (RBI) on Wednesday decided to keep the key repo rate unchanged at 6.5% in its monetary policy review. This marks the tenth consecutive time the central bank has maintained a status quo, signalling…
Source: Live Mint Unified Payments Interface, or UPI, undoubtedly, has lately become ubiquitous. It has emerged as one of the world’s most popular alternative payments method, processing transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37 per cent year-on-year (y-o-y) surge in comparison to previous year. To give…
Source: Live Mint Rate-sensitive sectors surged on Wednesday, October 9 following the Reserve Bank of India (RBI)’s decision to change its policy stance to ‘Neutral’ from ‘Withdrawal of Accommodation,’ indicating the possibility of a rate cut in December. The RBI’s Monetary Policy Committee (MPC), however, kept the repo rate unchanged at 6.5 per cent for…
Source: Business Standard Shaktikanta Das, Shaktikanta, RBI Governor 4 min read Last Updated : Oct 09 2024 | 11:25 AM IST RBI on CPI inflation, inflation forecast India: Even as the Reserve Bank of India (RBI) has changed its monetary policy stance to ‘neutral’ from ‘withdrawal of accommodation’, it remains mindful of the risks…
Source: Live Mint Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Wednesday tracking gains in global markets and ahead of the RBI policy announcement. The trends on Gift Nifty also indicate a flat-to-positive start for the Indian benchmark index. The Gift Nifty was trading around 25,145 level, a…
Source: Live Mint After the US Fed lowered policy rate by 50 bps from its 23-year high, the Reserve Bank of India (RBI) is likely to follow suit and cut the benchmark policy rate, perhaps later this year. And with interest rate cut cycle set to commence in December, investors are recommended to lock their money in…
Source: Live Mint The Indian stock market began October on a disastrous note, with Dalal Street witnessing carnage due to across-the-board selling pressure on weak global cues. The domestic indices experienced a sharp downturn, breaking its three-week winning streak. The significant decline has been attributed to a combination of fundamental challenges, which prompted short-term profit-taking….
Source: Live Mint The fund house is betting big on exchange traded funds (ETF) and believes it has the strongest back-end to be the best in this space. In an interview with Mint, Swarup Mohanty, vice chairman & CEO, Mirae Asset Investment Managers (India) discussed upcoming RBI policy, GDP growth, changing risk profile of investors,…
Source: Live Mint Interest rate is cost of money. Lower the rate, easier it is to borrow. From the equity market perspective, money being one of the inputs for business, performance will be that much better. Not just for production, money finds its way into asset markets as well, e.g. equity market, for deployment. Hence…
