Covid fears likely to keep market under pressure
April 06, 2021
Stocks to watch out for today: Trident, Avenue Supermarkets, Panacea Biotec, Tilaknagar Industries, and Ircon International Despite global stocks remaining firm, Indian stock markets are expected to be cautious on Tuesday as well, on the back of rising Covid cases. The SGX Nifty is ruling at 14,727, as against Nifty futures Monday s close of 14,698.15, just a marginal gain.
Overnight, the Dow Jones Industrial Average and S&P 500 hit a record high on the back of healthy US job data numbers. Nasdaq jumped 1.67 per cent, which is still a few points away from its peak.
RBI Expected To Hold Key Policy Rates On The Back Of Inflationary Pressure And High Bond Yields
RBI Governor Shaktikanta Das.
The Reserve Bank is expected to retain key lending rates on the back of inflationary pressure along with high bond yields during the first monetary policy review of FY22, experts contended.
Similarly, RBI s monetary policy committee (MPC) is likely to maintain the current accommodative stance due to growth concerns amidst resurgence of Covid-19.
In a poll conducted by IANS, economists and industry experts cited rising inflation as a key factor halting any further monetary policy easing. No change is expected in policy rate. Status quo is expected for the next 6-9 months, Sunil Kumar Sinha, Principal Economist, India Ratings & Research, told IANS.
Inflationary Infliction: MPC to hold rates, accommodative stance
Tue, Apr 6 2021 19:27 IST |
3 Views
Reserve Bank Of India. Image Source: IANS News
Mumbai, April 6 : The Reserve Bank is expected to retain key lending rates on the back of inflationary pressure along with high bond yields during the first monetary policy review of FY22, experts contended.
Similarly, RBI s monetary policy committee (MPC) is likely to maintain the current accommodative stance due to growth concerns amidst resurgence of Covid-19.
In a poll conducted by IANS, economists and industry experts cited rising inflation as a key factor halting any further monetary policy easing. No change is expected in policy rate. Status quo is expected for the next 6-9 months, Sunil Kumar Sinha, Principal Economist, India Ratings & Research, told IANS.
The focus is on whether the six-member rate setting body will revise its inflation forecast given the uptick in February numbers and sticky core inflation
Accommodative stance, mega US infra plan to strengthen rupee
By
Rohit Vaid ( IANS) |
Published on
Sat, Apr 3 2021 16:36 IST |
11 Views
Reserve Bank of India (RBI). (File Photo: IANS). Image Source: IANS News
New Delhi, April 3 : A mega US infrastructure creation programme along with likely retention of key lending rates and an accommodative stance by the Reserve Bank are expected to boost the rupee s prospects during the upcoming week.
Accordingly, US President Joe Biden recently announced a $2 trillion plus job plan , including $621 billion to rebuild infrastructure.
If passed by the US Congress, the plan will add pressure on the dollar against all the EM currencies including the rupee.