There was never any doubt that the RBI would maintain status quo on rates in the October 2021 policy. That was obvious from the language of the RBI in recent weeks. The only counter view had been raised by Citi in a report that the RBI could hike the reverse repo rates by 15-20 basis
Previous Day Market Sensex closed at 51,849 down by 85 pointsNifty closed at 15,576 up by 1 point The 3-day MPC meet began on Wednesday, which will culminate in the monetary policy announcement on Friday 04 June. The broad consensus estimate is that RBI will maintain the status quo on rates and also on the
Previous Day Market Sensex closed at 51,422.88 up by 307.66 points Nifty closed at 15,435.65 up by 97.80 points The week starting on 31 May is likely to be a data-heavy week. The all-important GDP data will be announced on Monday and the RBI monetary policy will be announced on Friday. While the MPC is
Previous Market Closed Nifty Closed at 14867.35 up by 176.65 points Sensex Closed at 50029.83 up by 520.68 points Analysts are expecting that due to the sudden surge in COVID-19 cases, the Monetary Policy Committee of the RBI would most likely hold repo rates at 4% and
The Nifty and the Sensex achieved another milestone on Tuesday. The valuation of the Nifty in terms of the Price Earnings ratio or the P/E ratio touched 40X for the first time in history. This is much higher than the levels that the Nifty had achieved at the peaks of 2008 or even prior to
Trigger for the Week How will it impact? MPC signals accommodative policy almost till the end of year 2021 That means; domestic liquidity will be abundant and that should be favourable for Indian markets overall India’s Coronavirus count crosses 1 crore afflictions during the week However, the good news for the markets would be that
News Announcement Impact Analysis CPI Inflation for November 2020 comes in sharply lower at 6.93% Inflation trended lower from 7.61% in October on the back of lower food prices in November on strong Kharif output However, the CPI inflation remains well above the RBI outer comfort zone of 6% MPC minutes hinted at continuation of
In a rather unprecedented move, the RBI deferred the forthcoming meeting of the MPC scheduled on September 29, 30, and October 1. The monetary policy, therefore, will not be presented on October 01. While there has been no reason give, apparently it is because 3 members of the MPC demitted office on September 22.