NEW DELHI: Market sentiment this week will be shaped by global trends, key inflation data, and foreign investor activity. Investors will also keep a close watch on monsoon progress and updates on international trade talks, according to market experts.“Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as…
The rupee appreciated by 11 paise to close at 85.68 against the US dollar on Friday, reversing early losses after the Reserve Bank of India (RBI) delivered a surprise 50 basis point repo rate cut and announced a phased 100 basis point reduction in the cash reserve ratio (CRR).The local unit opened weak at 85.91,…
MUMBAI: In a move that jolted markets and defied expectations, the Reserve Bank of India cut its benchmark policy rate by 50 basis points and announced a Rs 2.5 lakh crore liquidity infusion via a 100 basis point reduction in the cash reserve ratio (CRR). The CRR cut reduces the portion of deposits banks must…
MUMBAI: State Bank of India (SBI), the country’s largest lender, has cut its deposit rates following a 25 basis-point reduction in the Reserve Bank of India’s benchmark rate last week. Lending rates linked to the marginal cost of funds-based lending rate (MCLR), however, remain unchanged, as the bank’s cost of funds has yet to decline…
Mumbai: Ahead of a likely rate cut by RBI, even as liquidity remains scarce, veteran banker Uday Kotak has raised concerns over the banking business model, highlighting the narrowing spread between deposit and lending rates.Kotak said top banks are raising one-year wholesale deposits at around 8%, which translates to a marginal deposit cost of over…
NEW DELHI: Retail inflation eased in November from a 14-month high in the previous month on the back of moderating food prices, while industrial output growth displayed a modest upturn in October.Data released by the National Statistical Office (NSO) on Thursday showed inflation, as measured by the consumer price index (CPI), rose an annual 5.5%…
The GDP data “is a game-changer” for the RBI’s meeting on Friday. A hiccup in India’s world-beating economic growth may exacerbate near-term weakness in stocks, according to strategists. The economy expanded at the slowest pace in almost two years in the September quarter, data Friday showed. Market participants expect a pickup in growth in the…