US inflation in January rose percent, the highest monthly increase in two years. Though prices have eased from around 5 percent in 2023, they are way higher than the Fed's 2 percent target
What is the growth forecast for Kotak? Who will be the next Kotak CEO? And what is the digital look ahead for Kotak Bank? For answers to these questions & more, watch Moneycontrol's exclusive conversation with the whole-time director of Kotak Mahindra Bank Shanti Ekambaram. She talks about the reasons for FD rate hikes and shares the market perspective. Watch!
RBI Monetary Policy highlights: RBI Governor Shaktikanta Das in his response to a question on exposure to Adani group, said the RBI has taken a number of steps to strengthen resilience of Indian banks. The banking system is strong to absorb any shocks, he added.
India’s $3.18 trillion economy expanded 6.3% from a year ago in the quarter to September, down from 13.5% in the previous three months. The deceleration comes amid fears of slowing global economic growth due to restrictive monetary policy to curb inflation.
Managing inflation is more important than worrying over the exchange rate, as high inflation in the domestic economy means that the worth of the rupee is declining
At 9.45am, the 10-year bond yield was trading at 7.32%, up 8 basis points from its previous close of 7.26%. Bond yields and prices move in opposite directions
The Reserve Bank of India earlier this month said it would begin focusing on withdrawing accommodation while still holding rates steady at a record low 4%.
Following are the Interbank Forex and RBI rates: (In Rs Per Unit) Unit Interbank RBI Reference USD 66.84/85 USD Rs. 66.9633 Pound Sterling 86.72/74 Euro Rs. 74.1752 Euro 74.05/06 Japanese Yen(100) 65.39/41
Ahead of the Reserve Bank of India‘s monetary policy on Tuesday, a CNBC-TV18 poll shows that the outgoing RBI Governor Raghuram Rajan is unlikely to cut interest rate. Markets, however, are going to keep an eye out for the central bank‘s stance on liquidity.