The RBI announced a 50-basis-point reduction in the Cash Reserve Ratio to enhance banking liquidity, maintaining the repo rate at 6.5%. This is expected to inject ₹1.16 lakh crore into the banking system, though challenges in liquidity management persist.
3 min read01:28 PM ISTNifty 50 ended the session with a minor loss of 0.12% at 24,677 but posted a sharp weekly gain of 2.27%. Meanwhile, the Sensex closed with a slight drop of 0.07% at 81,709, wrapping up the week with a notable uptick of 2.39%.
3 min read6 Dec 2024RBI Monetary Policy: RBI kept the repo rate unchanged for the 11th consecutive meeting. It revised inflation estimates for FY25 upwards and GDP growth estimates downwards.
3 min read6 Dec 2024The sharp rise in September’s retail inflation has led some economists to delay expectations for interest rate cuts to the first half of 2025.
4 min read15 Oct 2024With this new stance, many experts believe the central bank is opening the door for potential rate cuts in the near future. Below are key insights from industry professionals on what this policy change means for the Indian economy and financial markets.
6 min read9 Oct 2024The RBI is expected to announce its monetary policy on October 9, with potential implications for the housing market. A repo rate cut could make home loans more affordable, boosting demand and benefiting developers and investors, despite global economic uncertainties.
2 min read8 Oct 2024Bank of America forecasts the RBI will maintain its repo rate at 6.50% in the October MPC meeting. Despite mixed growth data, the RBI remains optimistic about 7.2% growth for FY25, while future rate cuts are anticipated starting December 2024 due to easing inflation pressures.
5 min read7 Oct 2024USA-MONEYMARKET/RATES (UPDATE 1):UPDATE 1-Key US short-term rate surges amid month-end turbulence
2 min read2 Oct 2024Economists project that the RBI will not begin its rate easing cycle before Q3 FY25, despite an increased likelihood of a Fed rate cut in September 2024.
2 min read15 Aug 2024For Q1 FY25, the GDP growth target was revised to 7.1% from 7.3%. The forecast for Q2 FY25 was maintained at 7.2%, while for Q3 FY25 it is set at 7.3%, and for Q4 FY25, it remains at 7.2%. Looking ahead to Q1 FY26, the RBI projects a GDP growth of 7.2%.
1 min read8 Aug 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared