Reserve Bank is expected to cut repo rates in February 2025 and such a decision, it at all taken, is unlikely to be impacted by rupee's weakness against the dollar, asserted SBI Research in a report.
In latest move towards effective communication, Reserve Bank of India has decided to launch podcasts for wider dissemination of information that is of interest to the public.
Union Agriculture Minister Shivraj Singh Chouhan on Friday emphasised the government's stance on Minimum Support Price (MSP) assuring that the welfare of farmers is a top priority for the government, highlighting their efforts to increase MSP and purchase crops at MSP rates.
The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 per cent for the 11th consecutive time, marking a continuation of its neutral monetary policy stance. The RBI downwardly revised GDP forecast for 2024-25 to 6.6 per cent from 7.2 per cent earlier.
The Electricity Distribution Companies (Escoms) on Friday submitted a proposal to the Karnataka Electricity Regulatory Commission (KERC) to increase the electricity rates estimated for the next 3 years.
The Reserve Bank of India (RBI) kept its key interest rates unchanged on Friday but cut the cash reserve ratio by 50 basis points to bring enough liquidity in the banking system.
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.
During the second Test against New Zealand, Brook arrived at the crease with four England wickets down early and unleashed a counter-attack masterclass. He went on to score 123 in 115 balls, with 11 fours and five sixes. His runs came at a strike rate of 106.95.
"As a result, the Standing Deposit Facility (SDF) rate remains at 6.25 per cent, and the Marginal Standing Facility (MSF) rate, along with the Bank Rate, stays at 6.75 per cent," Das added.
The Indian stock market on Thursday rallied amid the anticipation of the policy rate cuts by the Reserve Bank of India (RBI). formation of BJP-led government in Maharashtra, and foreign buying, ending in the green territory.
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.