On the macro front, market participants will be closely observing key events like industrial production and manufacturing production data, which will be released on August 11, Gour said
The central bank has already announced to gradually withdraw its accommodative monetary policy stance
Das mentioned that lockdowns in various countries, including India, posed severe challenges to the compilation and availability of data relating to the spread of the pandemic, and its impact on various economies and the...
The rate hike will immediately affect those who have taken loans on a floating rate basis and are tied to an external benchmark, those pegged to other benchmarks would follow soon after
The hike will be accompanied by a change in the policy stance to "calibrated tightening", Bofa Securities said
Inflation in the food basket rose to 8.38 per cent in April from 7.68 per cent in the preceding month and 1.96 per cent in the year-ago month
He also said the country has to clock an 8-9 per cent year-on-year growth for the next five years to achieve the target of a $5-trillion economy
The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went completely out of hand.
The RBI projected growth projection of 7.2 per cent from 7.8 per cent earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing...
Experts are of the view that against the backdrop of rising inflation, the RBI is likely to keep the key repo rates unchanged
Reliance Industries, HDFC Bank, HDFC, Tata Consultancy Services, Infosys, Titan, Larsen & Toubro and ITC were among the top drags on the Sensex