The Reserve Bank of India's (RBI) decision to cut the Cash Reserve Ratio (CRR) is expected to provide marginal support to the Net Interest Margins (NIMs) of banks, according to a report by Axis Securities.
The real estate industry players and other stakeholders have largely welcomed the Reserve Bank of India's (RBI) decision to maintain the repo rate at 6.5 per cent, adding that the stability in the policy rate will promote market confidence by giving developers and homeowners.
The policy outcome is scheduled to be announced on Friday, December 6. The MPC faces the challenging task of balancing the need to stimulate economic growth amid a slowing economy while keeping inflation under control.
The Indian stock indices revived during the day on Thursday after a slow start at the opening, as investors anticipate a rate cut in the ongoing MPC meeting says market experts.
The Reserve Bank of India (RBI) may keep the current policy rates unchanged in the ongoing Monetary Policy Committee (MPC) meeting, according to a report by the Union Bank of India.
The Reserve Bank of India (RBI) is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting scheduled from December 4 to December 6, according to a report by the State Bank of India (SBI).
The Indian stock indices will react to the disappointing GDP numbers, and await RBI monetary policy decisions, for fresh market cues, during the week that starts Monday.
Earlier on November 24, as per results by Election Commission of India, Congress had won the Lok Sabha Constituencies of Nanded in Maharashtra and Wayanad in Kerala.
"Dr. Rajiv Ranjan, the only member to have continuity from August meeting has reiterated his position that policy action is on course to achieve the objective and window of opportunity to revise the stance will be open in October," said SBI Ecowrap report.
India cannot risk another bout of inflation and the best approach would be to remain flexible and wait for more evidence of inflation aligning durably with the target, Reserve Bank Governor Shaktikanta Das observed in the last meeting of MPC while also noting that the Indian economy presents