RBI keeps repo rate unchanged at 6.5%; Here are some key quotes by Guv Das

The RBI MPC has decided to keep the repo rate unchanged at 6.5 percent by a majority of 4:2. The MPC also decided to remain focussed on the withdrawal of accommodation stance by a majority of 4:2. Consequently, all other rates like SDF, MSF, Bank Rate remain unchanged. Here are a few things RBI Governor Shaktikanta Das said while addressing the press after the MPC meeting, that give us a better look at the state of the economy.

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Quit India Movement Day
National Book Lover's Day
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International Day of the World's Indigenous Peoples
Q1 results: Alkem, Apollo, Berger Paint, Grasin, HMT, India Cement, InoxWind, Inox Greean, IRB, Jubilant FoodWorks, Reliance Capital, SJVN, India Cement, Suven Pharma, Zydus Life,
Ola Electric IPO listing
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Industrial electronics and electricals expo in Coimbatore
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World Lion Day
World Biofuel Day
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Experts pick top 9 rate-sensitive stocks as RBI holds repo rate but revises Q1 GDP, inflation forecasts

The RBI's Monetary Policy Committee, as expectedly, maintained the repo rate unchanged at 6.5 percent and remained focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth. The Reserve Bank of India held the full fiscal year growth forecast and inflation estimates at 7.2 percent and 4.5 percent, respectively, however, it revised GDP growth estimates for Q1FY25 downwards to 7.1 percent from 7.3 percent earlier, and CPI inflation forecast upwards to 4.4 percent from 3.8 percent earlier for the June FY25 quarter. Moneycontrol collated a list of top 9 rate sensitive stocks from experts with a 3-4-week perspective. Read here

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The Budget's boost to the National Pension System (NPS) will help salaried individuals in the middle income brackets net big savings. That is, if they opt for the new tax regime and sign up for corporate NPS, through which their employers will contribute up to 14 percent of their basic salaries to their NPS accounts. Under the old tax regime, this limit is unchanged at 10 percent. Read here

Apple iPhone 16 Pro series may get bigger batteries with faster charging capabilities

The Apple iPhone 16 series is just a few weeks away now and many credible leaks and rumours are getting us more clarity on the likely specs and the features. While the base iPhone 16 variants are expected to get a revamped design and display upgrades, the high-end Pro models are also expected to pack improvements in key areas such as battery capacity and charging speeds. All the details here