Luxury housing in India witnessed a record-breaking year in 2023 as the sales of such homes touched an all-time high. Now, is the demand for these costlier homes likely to continue in 2024 as well?
Continuous VRR indicates accommodative approach on liquidity
Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs
The central bank had conducted a VRR auction after six months on December 15
The deficit liquidity in the banking system widened to Rs 2.7 trillion on Thursday, according to data by the central bank
2023 was a busy year for regulators like the Reserve Bank of India and the Securities and Exchange Board of India. Here are the 10 key changes on the regulatory front
VRR auctions, govt spending likely to help ease situation
The central bank conducted a VRR auction after six months
"The response should be good from the banks and the auction should sail through easily as the liquidity is very tight right now," a dealer at a state-owned bank said
MPC holds repo rate at 6.5% but maintains tight stance as inflation remains a concern
RBI monetary policy: The RBI also decided to maintain its policy stance at "withdrawal of accommodation"
The Reserve Bank of India (RBI) governor Shaktikanta Das said that the move will come into effect on December 30
RBI monetary policy: Central bank raised the UPI payment limits for hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh per transaction
The central bank raised the GDP growth forecast for FY24 to 7% from 6.5%
RBI MPC meeting: The meeting of the six-member committee started on December 6 in Mumbai and will end with the announcement of Governor Shaktikanta Das on December 8
Likely to revise FY24 growth forecast upward
The RBI will not take its eyes off inflation. There is no room for complacency
Mester noted Fed forecasts released at the September meeting eyed another increase in what is currently a federal funds target rate range of between 5.25% and 5.5% by the end of the year
In which we munch over the week's platter of news and views
Market participants believe that the transmission did not occur because surplus liquidity in the banking system remained high due to several reasons, including the withdrawal of the Rs 2,000 banknote