The Reserve Bank of India Deputy Governor, Michael Patra, said on Friday that the revised GDP growth outlook of 7 per cent given by the regulator is a ‘conservative estimate’. The regulator upgraded its growth projection from 6.5 per cent to 7 per cent earlier in the day along with stating that the repo rate…
RBI MPC Wrapup: A Look At Key Announcements From The Meeting – In PICS
The RBI’s Monetary Policy Committee on Friday announced after its bi-monthly review meeting that it has decided to keep the repo rates unchanged at 6.5 per cent. This marked the fifth consecutive time the regulator has maintained the pause on increasing the rates. Analysts lauded the regulator’s decision and said that it would help maintain…
The two key equity benchmarks, Sensex and Nifty, on Friday, rallied up and hit fresh lifetime highs, taking cues from the Reserve Bank of India’s decision to keep the repo rates unchanged. The BSE Sensex touched a new peak of 69,893.80 and settled a little lower at 69,825.60, climbing over 300 points. The NSE Nifty50…
The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5 percent for the fifth consecutive time, demonstrating confidence in the Indian economy’s resilience amid global uncertainties. The Indian economy continues its growth trajectory, bolstered by strong domestic demand and a notable improvement in the manufacturing sector. In a move benefiting consumers,…
