
Rupee least disruptive among peers: RBI Governor Das
As per the RBI data, between the April and October period this year, the foreign direct investment (FDI) flows stood at $22.7 billion as against $21.3 billion in the same period last year.
As per the RBI data, between the April and October period this year, the foreign direct investment (FDI) flows stood at $22.7 billion as against $21.3 billion in the same period last year.
CPI inflation is expected to remain above the upper threshold of 6% in Q3 and Q4 of this fiscal, while it is likely to moderate in the first half of FY24.
The stock markets slipped in red after the RBI announced rate hike, led by interest rate sensitive realty stocks.
With the latest rate hike, which was in line with the market expectations, the apex bank has raised the repo rate by over two percentage points in half a year.
The Indian rupee has appreciated against all major currencies barring the US dollar, says RBI governor.
India's retail inflation rate jumped to 7.4% in September from 7% in the month of August.
Less than a third of the increase in the repo rate during April-August has been transmitted to retail bank deposit rates, says RBI MPC member Jayanth R. Varma.
The RBI governor Shaktikanta Das-led MPC keeps inflation forecast unchanged at 6.7% for the financial year 2022-23 amid upside risks to food prices.
In realty and auto counters, Indiabulls Real Estate, DLF, Sobha, TVS Motor, Tata Motors, and Escort were top performers post RBI policy announcement
In the BSE Bankex space, ICICI Bank and SBI were top gainers, followed by Axis Bank, Federal Bank, Kotak Mahindra Bank, Bank of Baroda, and HDFC Bank among others.