Mumbai: Indian stock indices were marginally higher early on Thursday, tracking positive cues from US markets overnight. Latest return of foreign portfolio investor India shares also got some support.
At 9.29 am, the Sensex was at 72386 points with a gain of 234 points or 0.32 percent and nifty was up 65 points or 0.30 percent at 21,995. Of the widely tracked Nifty 50 stocks, 37 rose, 12 declined and the remaining 1 was stable at the time of filing this report.
Investors will keep an eye on the results of three days RBI monetary policy The meeting and further guidance will be announced at 10am today. RBI generally holds six bi-monthly meetings in a financial year, where it deliberates Rate of interestmoney supply, inflation approach, and various macroeconomic indicators,
In its December meeting, RBI unanimously decided to maintain this policy. repo rate Unchanged at 6.5 per cent, thus maintaining status quo for the fifth consecutive time.
Monetary Policy Committee of reserve Bank of India According to SBI Research, (RBI) may again restrict the repo rate in its February review meeting. Repo rate is the interest rate at which RBI lends to other banks.
Barring the latest disruptions, the RBI has raised the repo rate by a cumulative 250 basis points to 6.5 per cent from May 2022 in the fight against inflation. Raising interest rates is a monetary policy tool that generally helps to suppress demand in the economy, thereby helping to decline the inflation rate.
Retail inflation in India, although at the RBI’s comfort level of 2-6 per cent, is above the ideal 4 per cent scenario. In December it was 5.69 percent.
Talking about FPI inflows, after becoming net buyers in January, foreign portfolio investors have started accumulating again indian stock this month. He has bought equity worth Rs 3,044 crore so far.
After stepping up accumulation of domestic stocks during November and December, they had aggressively sold Indian stocks in January, turning them into net sellers in the Indian equity market.
At 9.29 am, the Sensex was at 72386 points with a gain of 234 points or 0.32 percent and nifty was up 65 points or 0.30 percent at 21,995. Of the widely tracked Nifty 50 stocks, 37 rose, 12 declined and the remaining 1 was stable at the time of filing this report.
Investors will keep an eye on the results of three days RBI monetary policy The meeting and further guidance will be announced at 10am today. RBI generally holds six bi-monthly meetings in a financial year, where it deliberates Rate of interestmoney supply, inflation approach, and various macroeconomic indicators,
In its December meeting, RBI unanimously decided to maintain this policy. repo rate Unchanged at 6.5 per cent, thus maintaining status quo for the fifth consecutive time.
Monetary Policy Committee of reserve Bank of India According to SBI Research, (RBI) may again restrict the repo rate in its February review meeting. Repo rate is the interest rate at which RBI lends to other banks.
Barring the latest disruptions, the RBI has raised the repo rate by a cumulative 250 basis points to 6.5 per cent from May 2022 in the fight against inflation. Raising interest rates is a monetary policy tool that generally helps to suppress demand in the economy, thereby helping to decline the inflation rate.
Retail inflation in India, although at the RBI’s comfort level of 2-6 per cent, is above the ideal 4 per cent scenario. In December it was 5.69 percent.
Talking about FPI inflows, after becoming net buyers in January, foreign portfolio investors have started accumulating again indian stock this month. He has bought equity worth Rs 3,044 crore so far.
After stepping up accumulation of domestic stocks during November and December, they had aggressively sold Indian stocks in January, turning them into net sellers in the Indian equity market.
(TagstoTranslate)Business News(T)Sensex(T)Reserve Bank of India(T)Repo Rate(T)RBI Monetary Policy(T)Nifty(T)Macroeconomic Indicators(T)Interest Rates(T)Inflation(T)Indian Stocks