Abandoning its earlier policy of intervening only during periods of heightened volatility, the RBI over the past couple of years has used its vast forex reserves to keep Rupee in a narrow range
Ever since the liberalisation in 1991, the RBI has pursued a flexible exchange rate policy
The issuance was tightly priced, said market participants
P2P platforms enable lenders to earn interest income, though with the risk of delay or default by borrowers
Headline inflation likely to remain on track throughout 2025-26
Here is the best of Business Standard's opinion pieces for today
The central bank had recorded a net purchase of $6.93 billion in the spot market in July
He highlighted that historically, crises have acted as catalysts for bringing supervisors together to address shared challenges
While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25
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The industry experts believed that a rate cut would have helped the momentum to continue amid the festive quarter
We have to be very careful because there is every chance that inflation will simply bolt again, says Das
Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.
MPC to 'remain unambiguously focused' on a durable alignment of inflation with the target, while supporting growth
The policy remains open-ended on the future possibility of rate cut, which sounds reasonable given that the future course of inflation is hard to gauge
The Nifty Bank, Nifty PSU Bank indices are likely to extend the pullback in the near-term; Auto index too seems favourably placed, while the Realty index remains on weak ground, shows technical charts
"If inflation stays under control, a rate cut could come," said the CEO of Bankbazaar.com, Adhil Shetty, regarding the RBI's monetary policy decision
Since last rate decision, official data showed economic growth moderated to 6.7 per cent in the April-June quarter, below the RBI's projection of 7.1 per cent, while signs show soft urban consumption
The central bank steps in occasionally to support the rupee via moral suasion and had last done something similar in early August
SBI, Bank of India, ICICI Bank, HDFC Bank and PSB are seen trading at their respective make-or-break points post the recent stock market fall. Here are the key levels to watch out for.