Indian stock indices managed to trade on a positive note throughout Wednesday's session and settled substantially high with all eyes now focused on the Reserve Bank of India's (RBI) decision from the ongoing bi-monthly monetary policy review.
Indian stock indices traded marginally higher Wednesday morning, but investors' focus remains on the Reserve Bank of India's decision at the ongoing bi-monthly monetary policy review.
Investors eye policy outcome of the meeting, headed by RBI governor Shaktikanta Das, to be announced Thursday. A majority of analysts expect the RBI will continue to keep the repo rate unchanged at 6.5 per cent.
Pune (Maharashtra) [India], June 6: The repo rate has been increased by a total of 100 basis points (bps) in 2023. The Reserve Bank of India (RBI) increased the repo rate by 25 bps in February, followed by another 50 bps in April and 25 bps in May. The repo rate is now at 6.50 per cent.
The Reserve Bank of India (RBI) has come up with a Financial Inclusion Dashboard named Antardrishti, a platform that will provide insights to assess and monitor the progress of financial inclusion. RBI governor Shaktikanta Das launched it on Monday.
Indian stock indices traded largely on a steady note Tuesday morning as investors stared at the the Reserve Bank of India's bi-monthly monetary policy review for fresh cues.