Sensex opens with losses; investors wait for RBI’s rate hike decision

Sensex opens with losses; investors wait for RBI’s rate hike decision

[ad_1] Mumbai: Domestic key indices of equity markets made marginal losses during the early trading hours on Thursday. Investors were in wait-and-watch mode as the outcome of the Reserve Bank of India’s three-day deliberations will be announced by the central bank’s governor in the morning. Global cues seemed weak as central banks across the world … Read more

RBI’s repo rate hike decision may not be unanimous

RBI’s repo rate hike decision may not be unanimous

[ad_1] Chennai: With economic experts expecting the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) to increase the repo rate further by 25 basis points (bps), whether it will be unanimous or not will have to be seen. The MPC’s first meeting of FY24 is being held between Monday to Thursday. The decision on … Read more

India’s retail inflation above RBI’s target level for second month

India’s retail inflation above RBI’s target level for second month

[ad_1] New Delhi: Retail inflation in India remained above RBI’s 6 per cent upper tolerance band for the second straight month in February 2023, with the Consumer Price Index pegged at 6.44 per cent, government data released on Monday showed. The retail inflation in rural and urban India was 6.72 per cent and 6.1 per … Read more