Higher for longer’ may be the narrative in the developed markets, but interest rates might not stay high for very long in India, with a section of the market expecting rate cuts to begin this year. The six-member Monetary Policy Committee of Reserve Bank of India (RBI) decided to keep interest rates unchanged at 6.5 per cent in the April review – after hiking the policy repo rate in six previous meetings. RBI Governor Shaktikanta Das emphasised that the pause was only for the April policy and that the central bank was ready to act if the situation demanded.
Posts tagged Rediff
Pause now, lower later: Rate cuts may start by yr-end (18-04-2023)
Higher for longer’ may be the narrative in the developed markets, but interest rates might not stay high for very long in India, with a section of the market expecting rate cuts to begin this year. The six-member Monetary Policy Committee of Reserve Bank of India (RBI) decided to keep interest rates unchanged at 6.5 per cent in the April review – after hiking the policy repo rate in six previous meetings. RBI Governor Shaktikanta Das emphasised that the pause was only for the April policy and that the central bank was ready to act if the situation demanded.
Reliance Takes Another Bite At Dairy (18-04-2023)
This is the Mukesh Ambani-led company’s second entry into the dairy segment and it will directly compete with Amul and Mother Dairy.
Reliance Takes Another Bite At Dairy (18-04-2023)
This is the Mukesh Ambani-led company’s second entry into the dairy segment and it will directly compete with Amul and Mother Dairy.
India’s Rigid Food Inflation Bites Harder (18-04-2023)
Nearly a third of an average Indian citizen’s consumption budget is spent on food.
India’s Rigid Food Inflation Bites Harder (18-04-2023)
Nearly a third of an average Indian citizen’s consumption budget is spent on food.
Wholesale inflation at 29-month low, but not for food (17-04-2023)
The wholesale price-based inflation eased to a 29-month low of 1.34 per cent in March on easing prices of manufactured products and fuel items, even though food articles turned expensive.
Sensex slumps 520 points after 9-day rally, Infy down 9 pc (17-04-2023)
Equity benchmark indices Sensex and Nifty buckled under selling pressure after a nine-session rally on Monday, as massive sell-off in IT, tech and telecom counters unnerved investors.
Sensex slumps 520 points after 9-day rally, Infy down 9 pc (17-04-2023)
Equity benchmark indices Sensex and Nifty buckled under selling pressure after a nine-session rally on Monday, as massive sell-off in IT, tech and telecom counters unnerved investors.
Air India Building’s Hi-Fi Days Ends (17-04-2023)
India’s first escalator, its shortest elevator, a terror attack, a rescue operation — the building’s seen a lot.