Markets are seeing the bright side with Sensex and Nifty recovering from early losses due to IT crisis

Indian stock benchmarks recovered from early losses to post gains late Friday as investors balanced optimism ahead of the release of the US-India trade deal against nervousness in the global technology basket. The NSE Nifty added 0.2% to end at 25,693.7, while the BSE Sensex rose 0.3% to 83,580.40. Both gauges ended the six-session trading […]

Lenders are unlikely to sharply cut deposit and MCLR rates despite cut in repos, say senior bankers

FILE PHOTO: FILE PHOTO: Reserve Bank of India (RBI) Governor Sanjay Malhotra | Photo credit: HEMANSHI KAMANI Even with the Reserve Bank of India cutting the repo rate by 25 basis points on Friday, banks are unlikely to aggressively cut term deposits and marginal cost of funds-based lending rate (MCLR), senior bankers say. Intense competition […]

RBI has rates, signals policy space; Managers of fixed -income incomes see the scope for the reduction of December

The Monetary Policy Committee (MPC) of the Reserve Bank of India held the Repo rate on Wednesday unchanged at 5.5% and maintained its neutral attitude, even when it hit a clear Dovish tone. The Central Bank emphasized that the shortage in the current account has been moderated to 0.2% of GDP, whereby the resilience of […]

Consumption -Revival seen as the main motivation in the midst of global trade winds: Sajjid Chinoy

While India navigates that uncertainties in global trade and domestic economic challenges, Sajjid Chinoy, Chief India -economist shared at JP Morgan, his views on trade deficits, consumption and the policy forecast in a conversation with ET NOW. About worries about the growing trade shortages of India with Brics -countries, Chinoy said that he does not […]

RBI Monetary Policy Meet: Members start with deliberation in the midst of the rate of care and relaxation of hope; Experts split on rate cut -call while MPC weighs inflation, American shocks – times of India

The rate-stagnant monetary policy committee (MPC) of the reserve Bank of India, chaired by Governor Sanjay Malhotra, started his three-day meeting on Monday to decide the coming bi-monthly monetary policy. The result will be announced on Wednesday (August 6), in the midst of expectations of a break in the Zoetsters cycle rate and rising uncertainty […]