
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.
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 RBI is widely expected to opt for a lower rate hike of 35-50 bps in interest rates, along with a change in policy stance to “neutral”.
Investors will keep a close eye on macroeconomic data such as monthly GST collection, manufacturing and services PMI, while quarterly results by big players will also be watched.
India's retail inflation rate jumped to 7.4% in September from 7% in the month of August.
The rupee touches 81.94 against the dollar. It has already depreciated 9% against the US dollar in 2022 so far.
The RBI is widely expected to raise the policy rate by another 50 bps at its policy meeting at the end of this month
With Q1 FY23 GDP numbers below expectations at 13.5%, SBI says lower growth compounds RBI’s job, with a rate hike trajectory in next 2 MPC meets trying to find neutral ground amid growth and inflation
The 3rd hike in a row pushes the key policy rate to the pre-pandemic levels; RBI's FY23 forecast on inflation and GDP remains unchanged at 6.7% and 7.2%, respectively
The RBI is expected to announce a 0.35% hike in the key repo rate at its meeting next week, according to BofA Securities