Bajaj Finance, Shriram Finance, Cholamandalam Investment, REC and Power Finance Corporation were up between 2.5 per cent 4 per cent in intra-day deals on Friday.
Repo rate pause keeps home loan EMIs steady as RBI balances inflation risks and growth concerns amid global uncertainty
RBI MPC June meeting: In its policy meeting, which took place between June 3-5, the committee continued with the 'neutral' stance
Today's Opinion highlights the RBI's policy choices, soaring IPL franchise valuations, fiscal challenges, climate targets and a timely examination of contemporary China
The central bank raised its inflation forecast to 4.6 per cent and flagged risks from West Asia tensions, while projecting GDP growth at 6.9 per cent for the current financial year
RBI MPC April meeting: In its policy meeting, which took place between April 6-8, the committee continued with the 'neutral' stance
RBI MPC February meeting: In its policy meeting, which took place between February 4-6, the committee continued with the 'neutral' stance
The RBI MPC revised its inflation forecast downward from 2.6 per cent to 2 per cent in the December meeting
The domestic rate setting panel had cut policy repo rate by 50 basis points to5.5 per cent in the June meeting, higher than market expectation of 25 bps
Announces staggered CRR reduction of 100 bps
The MPC decided to cut the policy repo rate by 25 basis points earlier this month, after reducing the rate by a similar magnitude in the February meeting
The likelihood of the RBI going in for another 50bps points rate cut for the rest of the calendar year is very high, says Dr Joseph Thomas, head of research, Emkay Wealth Management
In particular, there was a concern about the weaknesses of the manufacturing sector, which is important for job creation due to subdued urban consumption & slow growth of private investments, he said
SBI, PNB, BoI expected to tap market for fund raise
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to cut the repo rate for the first time in two years, reducing it by 25 basis points to 6.25 per cent from 6.5 per cent
RBI monetary policy: Governor Sanjay Malhotra is expected to lower the repo rate by 25 basis points, prioritising economic growth over inflation control
Internal members, however, cited food inflation risk for maintaining the status quo and said the last mile of disinflation has been slow
RBI Policy: The six-member committee tasked with setting India's benchmark interest rate, the repo rate, will meet from June 5 to June 7
While liquidity tightness was not acute in April and overnight rates had not hit the MSF ceiling, the RBI probably anticipated election-related constraints on govt spending could tighten liquidity
RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged