Sensex gains 89 pts, Nifty holds 17,350 as RBI hikes repo rate by 50 bps

CLOSING BELL: While an in-line repo rate hike of 50 basis points gave ammunition to the bulls, bears tried to drag the indices as inflation projections were maintained for fiscal 2022-23 (FY23)

12:43 PM

RBI PC LIVE| Liquidity of Rs 5 lakh crore intact in the system: RBI Guv

12:37 PM

RBI Press Conference LIVE | Future action to be around withdrawal of accomodation stance

Not possible to provide future guidance.

When we are in a cycle of hikes, can not talk about rate actions.

Future action largely remains around withdrawal of accomodation and contolling inflation

12:36 PM

RBI PC LIVE| Withdrawal of accommodation quintessential to control inflation: RBI Guv

12:28 PM

RBI PC LIVE | Difficult to say what inflation level will be comfortable for RBI to pause, says RBI Guv

>> MPC action didn't fuel this inflation

>> It is due to global supply factors

>> Economic situation remains volatile

>> Demand pull is not a significant factor for current inflation

12:26 PM

RBI PC LIVE | De-coupling from global banks looks tough: Shaktikanta Das

>> India will be impacted due to global developments

>> World is getting fragmented

12:25 PM

MARKET CHECK: Broader markets resilient; India Vix slips 1%

12:23 PM

RBI Press Conference LIVE | Our trade with Taiwan is 0.7% of total trade, says Guv Das

>> Impact on India may be very, very negligible in case of China-Taiwan crisis

12:22 PM

RBI PC LIVE | CAD as a whole can't be assessed on 4-month data: Deputy Guv Patra

>> Govt has cut windfall tax, petrol duties

>> Average price of oil was $105 per barrel vs today's $94

>> Size of CAD not important, financing it matters

>> FPIs coming back in a big way

12:21 PM

RBI Press Conference LIVE | Recent decline in exports led by slow down in oil exports

Govt has responsed by reducing export duties on oil. 

12:20 PM

MARKET CHECK: Hindalco, Maruti, RIL top Nifty50 losers at this hour

12:19 PM

RBI Press Conference LIVE | MPC will take calibrated action on rate hike trajectory

>> Won't comment on faster front-loading or spaced-out rate hikes
 

>> Adopting a US-like Dot Plot plan difficult

12:18 PM

RBI Press Conference LIVE | Expect CAD at manageable level in FY23

RBI governor Shaktikanta Das

12:17 PM

MARKET CHECK: Nifty50 trades firm above 17,450 levels

12:16 PM

RBI Press Conference LIVE| Exchange rates not a meter for MPC decisions

Exchange rate may see impact of MPC decisions, but the policy is guided independently. 

12:16 PM

RBI Press Conference LIVE | CAD to remain at sustainable levels

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