Indian markets continued their upward trend and Sensex touched all-time high after the Reserve Bank of India (RBI) announced on Friday that it would keep policy rates unchanged at 6.5 percent and Narendra Modi will again take oath of Prime Minister of India.
The European Central Bank (ECB) cut the key interest rates for the first time in five years on Thursday. It reduced three key policy rates by 25 basis points (100 basis points is equal to 1 percentage point).
The U.S. Federal Reserve released the minutes of the May 1st federal policy meeting on Wednesday. The minutes highlight that the members deliberated on the state of financial markets and economic developments. The discussion highlighted concerns about inflation persistence and the overall
The Sensex concludes at 74,248, registering a marginal uptick of 21 points, while the Nifty50 closed unchanged at 22,514 during the Friday's trading session. Notably, gains in stocks like Kotak Bank, ITC, HDFC Bank, Bajaj Finserv, ICICI Bank, IndusInd Bank, and SBI helped cushion the downsid
Delhi-NCR [India], December 19: The Reserve Bank of India (RBI) decided to keep the repo rate steady, as seen in its recent choice to maintain it at 6.5% for the fifth time, which indicates a commitment to economic stability. This deliberate decision has positive effects across various secto
Indian stock indices started fresh week largely on a steady note, with weak cues from global benchmark US markets coupled with uncertainty over monetary policy rates in the US.
Highlighting the hurdles that have become increasingly prevalent on the global economic horizon, Das said, "The global economy is now facing a tirade of challenges. First, slow moderation in inflation, which is getting interrupted by recurring and overlapping shocks. Second, slowing growt
SBI Research expects the Reserve Bank of India to again put a pause on the key policy rates as the central bank’s third monetary policy committee meeting is currently underway. The outcome of the review meeting will be announced on Thursday morning.
The effectiveness of the monetary policy has proven strong as the country reduced the inflation by 310 bps from the peak of 7.8 per cent in April 2022 to 4.7 per cent in April 2023, according to a statement from the industry body.
ASSOCHAM President Ajay Singh said, "Though India remains the fastest-growing nation amongst the major economies, growth is uneven even as the global headwinds from volatile energy prices, geo-political developments and threat of recession in major economies need to be watched with an abunda
The global financial market information and analytics services provider expects the policy rates to remain in place throughout 2023 in order to dampen overall inflation expectations.
The global markets are expecting an aggressive hike in policy rates by Federal Reserve next week. If the Fed hike its monetary policy rates, the global markets are bound to react to the policy change and eventually the country's markets, in a way, will be influenced by the hike. In another d