BUSINESS
RBI may not cut repo rate for another 12 months, say experts
The repo rate is the rate at which the RBI lends to the banks.
Nifty advances for second straight day
Volumes on the NSE were at multi-week lows. Broad market indices rose in line with the Nifty even as the advance decline ratio advanced further to 1.88:1, Jasani said.
RBI Policy: No status quo on hawkishness
As expected the monetary policy review was status quo on policy stance and rates. However, there was a lot under the hood that was very hawkish indeed.
RBI doubles gold loans limit to Rs 4L for UCBs under bullet scheme
These banks will be required to continue to meet the targets and sub-targets thereafter and detailed guidelines on the matter will be issued separately, according to an RBI statement.
RBI leaves key lending rate unchanged with focus on growth
"MPC (Monetary Policy Committee) voted unanimously to leave the repo rate -- the rate at which the central bank lends short-term funds to banks -- unchanged at 6.5 per cent," RBI Governor Shaktikanta Das said while announcing the Committee's decision.
Monetary policy announcement seen as neutral from market perspective
Not only the policy rates but the growth and inflation targets for FY24 remain unchanged. More than this status-quo statement from the MPC, tonight’s job numbers from the US will determine the market trend in the near-term, he said.
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%
Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 per cent.
IndiGo to levy fuel charge on domestic, international routes from Friday
Private carrier IndiGo is introducing a fuel charge on domestic and international routes from Friday, an official said on Thursday.
Nudge Theory used by Modi govt to push economy: Sitharaman
The theory is being used as a tool to promote economic activity tailored to India's requirements, she said while addressing the annual day function of Shri Ram College of Commerce (SRCC).
Oyo in talks with 'multiple firms' to refinance its $660mn loan
The move by Oravel Stays Pvt Ltd, the parent company of Oyo, is to reduce debt and scout for "cheaper financing options" in order to save more, sources told IANS.
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