Nifty, which has been looking for a directional headway on either side, ended the week 0.33% down with all major news trigger events like Budget, earnings, US Fed and RBI policy meetings behind us. Anand James, Chief Market Strategist, Geojit Financial Services, says this data vacuum presents an opportunity for time correction. “But our modest … Read more
“We can see it in terms of its inflation objective, we can see it in terms of its overall sustained growth paradigm, we can see it in terms of a better functioning financial market or better functioning overall credit market as well,” says Siddhartha Sanyal, Bandhan Bank.It appeared to me in this policy that the … Read more
RBI MPC Meeting: The Reserve Bank of India (RBI) kept the key policy rate – repo rate- unchanged at 6.5% after the Monetary Policy Committee (MPC) meeting. RBI governor Shaktikanta Das noted that the GDP growth of the Indian economy continues to be strong despite global uncertainties. However, he pointed out that while inflation has … Read more
We do not wait for the house to catch fire and then act – that’s the clear message that the Reserve Bank of India (RBI) governor Shaktikanta Das has with regards to recent measures the central bank took on NBFCloans. “The recent pre-emptive measures taken by the Reserve Bank in respect of Banks and NBFCs … Read more
Home Business Attention UPI Users: Transaction Limit For These Payments Increased to Rs 5 Lakh, OTP Not Required This move from the RBI allows individuals to do larger transactions using UPI, potentially facilitating smoother and substantial payments in crucial sectors. RBI Governor Shaktikanta Das announced an increase in the limit that triggers additional factor authentication … Read more
RBI policy impact on loan EMIs: For the last few quarters, with the repo rate hikes, rising loan EMIs have posed a headache for many borrowers. The RBI has hiked the key repo rate by 250 basis points since it started the rate hike cycle last year. This has led to an increase in the … Read more
MUMBAI: Domestic equities kicked off December on a high note, with the benchmark Nifty 50 scaling fresh lifetime highs, as foreign investors were buoyed by the robust GDP data and upbeat global markets. On Friday, the Nifty 50 ended at 20267.90 points, clocking more than 2% weekly gains. The Sensex too, clocked more than 2% … Read more
“They are shrugging off the risk related to the election event. Probably they have taken a view about what is likely to be the direction for the markets ahead in terms of a positive direction and that is why we are seeing the Nifty reaching a new record level this week,” says Mahantesh Sabarad, Independent … Read more