How is the market surge linked to the BJP's win the recent Assembly polls? What other factors are responsible for the rise in benchmark indices? We explain
Economists said that the six-member rate-setting panel of the RBI is unlikely to tinker with the repo rate the rate at which RBI lends money to banks to meet their short-term funding needs in the upcoming policy.
The MPC, which will detail its next policy statement at the end of its three-day meeting on December 8, is seen keeping the repo rate unchanged at 6.50% while retaining its stance of withdrawal of accommodation, an ET poll of 10 economists showed. After raising the repo rate by 250 basis points (2.5 percentage points) from May 2022 to February 2023, the committee has maintained a pause on the benchmark rate, which is the rate at which the RBI lends to banks.
While Chief Economic Adviser V Anantha Nageswaran has hinted at the finance ministry raising its growth forecast for 2023-24 later this month, economists see the RBI acting next week itself while announcing the latest monetary policy decision
Home textile exports had reported a double-digit decline in FY2023 and 4M FY2024 amid high raw material expenses, energy inflation and muted demand. An ICRA report is raising their hopes.