The Federal Reserve Chair, Jerome Powell, indicated that the anticipated rate cuts may be delayed, as the US economy continues to show signs of strength.
The interest rate cut by Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation, SBI Research stated in its latest report, adding that a slight easing in inflation is expected starting in January.
The 10-year government bond yield softened slightly, closing at 6.82 per cent, down from the previous session, while the 5-year bond yield held steady at 6.76 per cent. This shift in bond yields reflects cautious investor sentiment amid uncertain global conditions.
Indian indices declined by over a per cent each on Thursday, as investors await US Federal Reserve Chair Jerome Powell's remarks on the future direction of the rate trajectory.
RBI Governor Shaktikanta Das clarified on Wednesday that changing the monetary policy stance to 'neutral' does not mean a rate cut in the next policy announcement.
The persistent pressure of elevated food prices continues to drive inflation, suggesting that any potential reduction in interest rates will hinge on evidence of stable inflation trends nearing the RBI's target of 4 percent. As such, market participants may need to brace for a prolonged peri
Considering inflation trends in India, Atul Kumar Goel, Managing Director and Chief Executive Officer of PNB on Tuesday said he expects a 20 to 25 basis points interest rate cut by March 2025.
The non-banking financial companies (NBFCs) that focus on gold loans are poised to gain from the dual tailwinds of rising gold prices and potential rate cuts in the near future, Jefferies said in a report.
The Reserve Bank of India's (RBI) Governor Shaktikanta Das on Friday said that interest rate cut at this stage will be 'premature, and very, very risky'.
Experts say the surge in gold prices came amid a confluence of factors, including major central banks' dovish outlooks, slightly lower bond yields, and heightened geopolitical tensions.