MUMBAI: RBI governor Shaktikanta Das said Oct inflation numbers would be worse than 5.49% headline in Sept. The governor also indicated that he was not in any hurry to cut rates, stating that a change in stance does not mean an immediate reduction in interest rates. According to Das, the data on economic growth was…
Technical analysis by Nagaraj Shetti of HDFC Securities suggests that a decisive move above the 25,000 level could potentially open up the next upside resistance. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green and surged in trade after the RBI changed the monetary policy stance to…
RBI Monetary Policy Meeting: “The elephant has now gone out for a walk,” said RBI governor Shaktikanta Das as part of his monetary policy statement. So what did Shaktikanta Das mean and what is this elephant that he spoke of? The Reserve Banking of India (RBI) in its first Monetary Policy Committee (MPC) meeting for…
