Investors should be ready for volatility in long-duration securities, say experts.
After rising over 900 points in early trade, Sensex ends flat at session's end
"You should look at this measure as when it gets tough, RBI stands alone now," a source said
Comparing the auto sales in April 2022 with that of April 2019 FADA President Vinkesh Gulati said the sector is still not out of the woods as overall retails were down by minus six per cent.
The rate hike was expected in June, but clearly the central bank sees inflation path as being quite ominous to trigger such an action.
Consumer price index (CPI)-based inflation rate rose to 6.95 per cent in March 2022 from 6.07 per cent in the previous month
Barring external shocks of which this government has been a persistent victim since 2019, things should pan out well by April 2024
Home, auto and other loan EMIs are likely to increase after the Reserve Bank of India (RBI) hiked its key interest rate by 40 bps in a surprise move on Wednesday in an effort to tame inflation
Home, auto and other loan EMIs are likely to increase after the Reserve Bank of India (RBI) hiked its key interest rate by 40 bps in a surprise move on Wednesday in an effort to tame inflation
Karnataka Chief Minister says Amit Shah will communicate to him on BJP central leadership's decision reshuffling the state cabinet
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
The report says that while a CBDC would have more penetration, the reach of Unified Payments Interface is widespread.
Ranjan was an advisor in-charge in the monetary policy department, before he was elevated as an executive director.
Excess policy accommodation will affect growth
The freedom to fix interest rates has encouraged a few MFIs to jack up rates on Day One. It will take a while for borrowers to get the benefit as products, processes and digitisation evolve
Some smart tweaking of the billing cycle will give you more time to settle without having to pay any interest; set spending limits where necessary
AA ecosystem is a UPI moment for the lending ecosystem as it will allow sharing of data seamlessly and fast and without the need for physical documents.
6.5-8.5% is the feasible range for medium-term steady state GDP growth in India
Finance companies need to set up nomination and remuneration committee, which will oversee the framing, review and implementation of compensation policy with board approval
Price stability is a necessary precondition for strong and sustainable growth, it adds