The Reserve Bank of India (RBI), too, left the benchmark repo rate unchanged at 6.5 per cent and kept the policy stance unchanged on Thursday
The real estate industry experts are expecting the move to continue the growth momentum in the sector
RBI has increased the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction
The RBI MPC on Thursday decided to keep its repo rate unchanged at 6.5 per cent for the ninth consecutive time, RBI Governor Shaktikanta Das announced
Why stock market, Sensex, Nifty fell after RBI policy: RBI governor Shaktikanta Das emphasised on food inflation and said food prices have remained elevated for too long
With food inflation contributing over 75 per cent to headline inflation in May and June and making up 46 per cent of the CPI basket, vegetable prices accounted for 35 per cent of June's inflation
The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged with a majority of 4-2
RBI MPC policy meet: The Reserve Bank of India (RBI) is expected to hold the rate at 6.5 per cent again amid inflationary pressures. However, a cut may be possible going ahead
Global markets have been roiled in recent weeks by central bank action, with the Bank of England cutting interest rates last week, the Bank of Japan hiking, and the Federal Reserve preparing to ease
While it's a close call, we also think the policy stance will remain unchanged, even as the RBI sounds more confident than before about getting to its 4 per cent inflation target, the report said
The Aug. 2-7 poll of 36 economists forecast the consumer price index rose at an annual rate of 3.65 per cent last month, down sharply from 5.08 per cent in June
The Indian rupee turned into the worst-performing Asian currency over the last month, pressured by the unwinding of trades that used the Chinese yuan to fund long bets on the local currency
The central bank last hiked the repo rate to 6.5 per cent in February 2023 and since then it has held the rate at same level in its last seven bi-monthly monetary policy reviews
The move follows directions passed last month by the Securities Appellate Tribunal and an order issued in June by Sebi against the management
The six-member monetary policy committee (MPC), which includes three central bank officials and three external members, is recast every four years when the govt appoints a new set of external members
With a view to ensuring prudence and robustness, in the use of such models, RBI proposed to lay down certain broad regulatory principles which should be adopted by REs
These payment firms are collaborating with the RBI and the NPCI and are anticipated to introduce e-rupee access within the next three to four months, according to a Reuters report
According to a poll conducted by Business Standard ahead of the meeting, the central bank is expected to maintain a status quo for the ninth consecutive policy review
At present, around 93 per cent of its business comes from the retail, agriculture, and micro, small and medium enterprise (MSME) sectors
Besides, trading activity of foreign investors and the last batch of Q1 earnings announcements would also guide trends in equities