The Reserve Bank of India (RBI) is likely to cut the repo rate by 25 basis points this year, and cumulatively by 1 percentage point as part of its departure from steady monetary policy, said investment banking company Jefferies in a report.
Indian stock indices closed Wednesday trade in the red, dragged by a broad-based fall virtually in all the sectoral indices, particularly the media, metal, PSU bank, realty, oil and gas. Profit booking at higher levels also dampened investors sentiment, said analysts.
Indian stock indices rose substantially on Monday, defying a sharp downturn in the overnight US markets, possibly due to inherent strength in domestic market fundamentals.
The government has included 16 additional commodities under price monitoring from August 1, 2024, announced the Union Minister of Consumer Affairs, Food, and Public Distribution, Pralhad Joshi, while launching Version 4.0 of the Price Monitoring System (PMS) Mobile App in the national capita
Digitalization is influencing price levels through direct and indirect channels. Under the direct channel, digitalization is feeding into lower inflation rates through a decline in the prices of ICT-related goods. This has been observed in the post-pandemic period across both hardware and so
Faced with food inflation remaining at elevated levels consistently, the Reserve Bank of India on Thursday said that it is too long a period for a food price shock to be termed as transitory.
From here, the market is likely to see stock-specific moves this week on the back of the ongoing earning season. The market participants also digested the elevated inflation data for June, besides eyeing the much-awaited Budget to be presented on July 23.
Retail inflation or Consumer Price Index in India is expected to remain below or close to 5.0 per cent in the remaining months of 2024-25, except for September, asserted SBI Research.