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.
Joshi said, "This signals circumspection, it also underscores the likelihood of a rate cut in December. The outsized US Federal Reserve rate cut of 50 basis points in September marked complete and a decisive turn in monetary policy among major central banks. Yet, for emerging market peers, d
The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees.
Snapping six-day losses, Indian stock indices closed in green Tuesday, primarily due to buying at lower levels and with BJP heading for a third straight term in Haryana.
India's foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week that ended on September 20, as per the data released by the Reserve Bank of India (RBI) on Friday.
The Reserve Bank of India (RBI) is likely to cut the repo rate by 25 basis points this year, and cumulatively by 1 percentage point as part of its departure from steady monetary policy, said investment banking company Jefferies in a report.
India has demonstrated a largely successful inflation-targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the State Bank of India (SBI).
According to data released by the Ministry of Statistics and Programme Implementation on Monday, retail inflation or Consumer Price Index in July was at 3.54 per cent.
BOB also cautioned that the rate cut could be further delayed if inflationary pressures persist. With the Monetary Policy Committee (MPC) voting 4-2 in favour of maintaining the current policy stance, the decision underscores a growing divide among its members regarding the direction of mone