RBI MPC Meeting: RBI decides to maintain status quo, repo rate unchanged at 6.5%
The Reserve Bank of India Governor Shaktikanta Das on Thursday said that after three days of deliberation, the Monetary Policy Committee has decided to keep the key policy repo rate unchanged at 6.5 percent, in line with the expectations. “MPC also decided by a majority of five out of 6 members to remain focused on withdrawal of accommodation to ensure inflation aligns with the target while supporting growth,” said RBI Governor Shaktikanta Das.
Economists expect RBI to stay on extended pause
Economists and experts hailed the RBI MPC’s decision to keep the key interest rate unchanged for a second straight meeting as the Indian economy and financial sector remains resilient. The committee maintained the stance at ‘Withdrawal of Accommodation’ with the MPC voting in favour of this in the ratio of 5:1 as it maintains its “focus on inflation, citing delay in monsoon, El Nino impact and geopolitical uncertainties as upside risks to inflation”. Economists maintained their call that the RBI will be on an extended pause, even as few of them said that the RBI will initiate rate cuts in the January-March quarter of 2024.
Warren Buffett, George Soros, Jim Simons, Carl Icahn: Various market, trading strategies of famous investors
In the world of financial markets, successful trading requires more than luck or intuition as investors like Warren Buffett and George Soros could attest to; it demands well-defined strategies and the ability to adapt to ever-changing market conditions. Throughout history, famous traders such as Jim Simons, Carl Icahn, Richard Dennis and others have employed various trading approaches that have made them stand out in the industry. This article explores the different trading strategies employed by these renowned traders, shedding light on their unique approaches and highlighting their contributions to the field.
Balasore disaster puts Indian Railways’ safety records under spotlight: Why these CAG revelations?need urgent attention
The Odisha train accident was one of India’s deadliest train crashes which has now raised several questions and fingers on the safety measures carried by the Indian Railways. While the government has been taking a lot of measures to make train travel seamless and comfortable for its passengers, the deterioration of safety in trains has put Indian Railways in the spotlight again.
Fixed Deposit strategy: How to make the most of FD now?
The Reserve Bank of India on Thursday kept the repo rate unchanged, indicating that the rate hike cycle may be over soon. When the repo rates were hiked since last year, the interest rates for bank fixed deposits also went up significantly. Several small finance banks are now offering over?9% FD interest rates?to their customers, including senior citizens.
RBI keeps repo rate unchanged: How this will impact homebuyers
Despite a 25-basis points hike expectation, the RBI decision to keep the repo rate unchanged at 6.5% in its monetary policy meeting today is certainly a big relief for the existing and prospective borrowers who were waiting for rising interest rates to settle down. Home buyers can take a sigh of relief after this decision as the interest rates had almost peaked owing to back-to-back repo rate hikes decision by the RBI to control inflation and ensure smooth flow of liquidity in the economy.
Banking, NBFC stocks jump after RBI MPC meet; Banking shares outlook bullish, NBFCs to benefit
Banking and NBFC stocks jumped today after RBI MPC kept the key lending rate unchanged for the second time after CPI inflation remained under the RBI tolerance band of 2-6%. Bank Nifty jumped 130.95 points or 0.30% to 44,406.25 and Nifty Financial Services (Fin Nifty) gained 47.45 points or 0.24% to 19,585.55. Nifty PSU Bank rose?24.85 points or 0.61% to 4,121.75. AU Bank, Federal Bank, IndusInd Bank, Punjab & Sind Bank, UCO Bank and Central Bank gained today. On Fin Nifty, ICICI Prudential Life Insurance, Indian Energy Exchange, HDFC and HDFC Bank were the top gainers.
Bajaj-Triumph’s first motorcycle’s India launch on July 5: All you need to know
Triumph India has sent an official media invite for the launch of a new product on July 5, 2023. While the company hasn’t revealed any specific details, we believe it will be the India debut of the much-awaited motorcycles under the Bajaj-Triumph partnership. Here’s all you need to know about the upcoming Bajaj-Triumph motorcycles.?
Ajai Chowdhry’s 5-point strategy to make India a semiconductor manufacturing hub
The semiconductor is a tiny piece of hardware but its unavailability can seriously chip away profit for corporates. This is the reason, Ajai Chowdhry, Co-Founder of HCL Technologies, often regarded as the ‘Father of Indian Hardware’ wants India to not only manufacture semiconductors but also focus on design and value-addition.