RBI may raise repo rate by 50 bps this week

RBI may raise repo rate by 50 bps this week

The Reserve Bank of India is likely to deliver a fourth consecutive policy rate hike this week, with a half-percentage point increase, joining global central banks that are raising rates sharper than estimated to cushion inflation-battered consumers. According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy … Read more

Rate sensitive stocks rally up to 3% after RBI hikes rates by 50 bps

Rate sensitive stocks rally up to 3% after RBI hikes rates by 50 bps

NEW DELHI: Rate sensitive stocks gained on Wednesday after the Reserve Bank of India (RBI) hiked repo rate – the rate at which it loans money to banks — by 50 basis points to 4.90 per cent in order to tackle elevated inflation. Most bank stocks, which are among the most sensitive stocks with respect … Read more