Since the last monetary policy of the Reserve Bank of India (RBI) in April, the benchmark Nifty50 has rallied 1,000 points and Nifty Bank over 3,000 points. The 3,000-point rally in the banking sector gauge saw it scaling a lifetime high of 44,498.60 points on May 30, days before the next policy meeting of the … Read more
Defending the long pause in interest rate hike and the continuing accommodative stance, Reserve Bank of India Governor Shaktikanta Das on Thursday said in current times, “monetary and fiscal policies cannot be a question of either or, but must go in tandem with each other”. For the 10th time in a row, RBI‘s Monetary Policy … Read more
Now that the Budget is done, if not entirely dusted, it’s time to turn to the next most important event on the country’s economic calendar – the three-day meeting of RBI’s rate-setting Monetary Policy Committee (MPC) this week. Budget FY2023 has signalled GoI’s willingness to spend big on infrastructure, in readiness for India’s ‘amrit kaal’. … Read more