RBI Policy Announcements
The central bank will today announce its policy rates.
Ahead of RBI policy outcome, rupee recovers 6 paise
BSE Sensex fell over 300 points Friday
Oil and gas stocks suffer
The oil and gas stocks suffer in the morning trades.
RBI likely to hike repo rate by 25 bps, writes Furquan
Sensex drops again
BSE Sensex goes below the 35,000 mark, Nifty at 10,500.
We don't expect any rate hike. The reason for that is the system needs more liquidity right now. In case, they do it, it will go contradictory to OMOs: Nikhil Gupta, Lead Economist, Motilal Oswal Sec tells DH.
Sensex tanks 420.47 points till 12:30 pm in the morning ahead of the policy announcement. Nifty tanks by 164.10 points.
Nifty Bank index down by 55.50 points; PSU Bank Index down by 68.25 points. Experts call its 'secular' decline in the indices.
We are expecting 25 bps hike by RBI. The rate hike is unlikely to be motivated by current inflation dynamic, but will be more of preemptive move in way of increasing financial stability risk from rising oil prices and weakening of rupee, says UBS
Countdown for crucial RBI policy decision begins, as it happens in backdrop of rising oil prices, weakening rupee and record outflow of FIIs/FPIs from Indian markets.
In case RBI decides to go for the rate hike, it will be first time 2011 that the apex bank has gone for three consecutive rate hikes.
The market correction is largely driven by macro concerns around rising crude prices and depreciating currency and consequent deleterious impact for twin deficits: Gautam Duggad, Head of Research- Institutional Equities, Motilal Oswal Financial Sevices
Markets trying to hold the ground, as BSE Sensex has tanked by 434.70 in the intra-day trade and NSE Nifty tanked by 161.65 points.
5 minutes left till RBI announces the policy decision.
RBI surprises the street, keeps policy repo rate unchanged
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