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Nifty, Sensex erase early gains on profit booking; RBI MPC to provide cues

RBI MPC meeting 2024: What to expect from the Central Bank on Feb 8? Here s what experts said

RBI MPC meeting: The RBI MPC has maintained the repo rate at 6.5 per cent for five consecutive times till December 2023. The benchmark interest rate was last hiked in February 2023, when it was raised from 6.25 per cent to the present 6.5 per cent.

Expect no change in RBI s stance, repo rate in Feb MPC, says IDFC s Gaura Sen Gupta

Sen Gupta further highlighted that the current account deficit in FY24 is expected to reduce to 1.2 percent of GDP versus 2 percent deficit in FY23

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