MPC keeps repo rate unchanged at 6.50% in its first meeting of FY25

[ad_1] The RBI’s six-member monetary policy committee kept the policy repo rate on hold at 6.50 per cent at its first meeting of FY25 as retail inflation remains above its 4 per cent target. It persisted with its “withdrawal of...

Morning market: Sensex, Nifty open lower ahead of RBI’s policy decision

[ad_1] Benchmark indices traded marginally lower on Friday’s morning trade. BSE Sensex traded at 74,063.24, down by 164.39 or 0.22 per cent as of 9.30 am, and Nifty 50 traded at 22,478.55, down 36.10 or 0.16 per cent.The Reserve Bank...

FPIs in a spot over RBI currency derivatives diktat

[ad_1] Foreign portfolio investors (FPIs) are in a bind over the new currency derivatives diktat from the Reserve Bank of India (RBI), even as the deadline for the applicability of the circular has been extended from April 5 to May...

Households are shifting savings from financial to real assets, says CEA 

[ad_1] Indian households are moving their savings from financial assets to real assets, says V Anantha Nageswaran, Chief Economic Advisor to the Government of India. He said this in response to a question about the increase in household financial liabilities alongside...

Govt to kickstart FY25 borrowing programme with a new 10-year paper

[ad_1] The government will kickstart its FY25 borrowing programme on April 5 by auctioning three dated securities, including a new 10-year government security (G-Sec) for raising ₹38,000 crore even as RBI said all G-Sec auctions will be conducted using multiple...

Indices start new fiscal on winning note, hit fresh highs

[ad_1] Indian equities started the new financial year on a strong note, hitting fresh highs, amid positive global cues. The Sensex ended with a gain of 363 points, or 0.49 per cent, at 74,014. The Nifty rose to 22,462, up...

RBI may hold rate yet again to focus on inflation management, say experts

[ad_1] The RBI may again keep the key interest rate unchanged in April as it is likely to focus more on bringing down inflation to the four per cent target after concerns over economic growth abated with GDP growth estimated...

RBI’s interest rate decision, macro data, global factors to dictate market trends this week: Analysts

[ad_1] The Reserve Bank of India's interest rate decision, macroeconomic data and global trends will drive investors' sentiment this week, with markets hoping to continue the positive momentum after ending FY24 on a buoyant note, analysts said.In addition, the trading...

RBI’s forex reserves build-up leads to a huge $64.182 billion accretion in FY24 so far

[ad_1] India’s foreign exchange (Fx) reserves have soared in FY24 so far after declining in FY23, reflecting the Reserve Bank of India’s strategy to build them up for a rainy day.By shoring up the reserves, the central bank is trying...
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