FPI inflows: When they returned after nine months, which sectors did they head to?

After nine months of relentless selling, foreign portfolio investors (FPIs) have finally turned net buyers this July. That said, the FPIs’ sectoral allocation – largely in FMCG and telecom – shows that they are still treading cautiously. Sriram Velayudhan, VP - Alternative Research at IIFL, helps us decode their investment action. Read here.

Take a look at these key events

Today

RBI Policy | Another 50 basis point hike done, so what's next?

A 50 basis point (bp) hike in repo rate shows the singular focus on inflation of the monetary policy committee (MPC). With this, the MPC has hiked the repo rate - at which the RBI lends short term funds to banks - by a total of 140 bps in the current rate hike cycle. The key takeaway from Shaktikanta Das's speech is that high inflation could destablise the economy. Also, the emphasis on the withdrawal of accommodative policies. So, what's next? Read here to know more.

Your loan EMIs set to rise as RBI hikes repo rate by 50 bps

Individual borrowers are set to feel the heat of higher interest rates, with Reserve Bank of India announcing a 50-basis point hike in repo rate on August 5. All floating-rate retail loans sanctioned by banks after October 1, 2019 are linked to an external benchmark, which is the repo rate in most cases. The latest round of hike will be fully passed on to retail borrowers in the days to come. The effect of the repo rate hike would be felt across all categories of loans, both secured and unsecured. Read here.

Swiggy, Unacademy, Meesho founders meet top public market investors in Bengaluru

India’s top mutual fund managers, managing assets worth over $250 billion, met founders and top management officials of some of the country’s largest unicorns such as Swiggy, Unacademy, and Meesho among others in Bengaluru, earlier this week, according to people aware of the matter. The meeting comes at a time when many unicorns, over the last two years, had openly talked about getting publicly listed in the medium term. Read here to know more.

From Royal Enfield to Ducati, over 15 motorcycles set to be launched this month

August 2022 seems to be the sweetest month for the two-wheeler industry. Starting with the highly-anticipated Royal Enfield Hunter 350 and going up to the Ducati Panigale V4 and the Streetfighter V2, over 15 new launches are scheduled to be launched. A cavalcade of new motorcycles will thump onto India’s streets this month in pics here.

Oppo Reno 8Z with Snapdragon 695 SoC launched

Oppo recently dropped a new smartphone in its Reno 8 series. The Oppo Reno 8Z has officially been unveiled in Thailand. The Reno 8Z is the fourth smartphone in the Reno 8 series, following the Reno 8, Reno 8 Pro, and Reno 8 Pro+. Let’s take a look at the phone’s specifications, features, pricing in detail.