Indian stock markets opened higher on Wednesday, with gains led by the information technology and pharmaceutical sectors as investors anticipated the Reserve Bank of India’s (RBI) monetary policy decision, expecting the central bank to hold interest rates steady. As of 9:44 a.m. IST, the Nifty 50 index rose by 0.25% to 25,073 points, while the S&P BSE Sensex climbed 0.18% ...

In a pivotal move, the Reserve Bank of India (RBI) has kept its benchmark interest rates unchanged at 6.5%, but shifted its policy stance to neutral, signaling a potential rate cut in December. The announcement came after a three-day monetary policy committee (MPC) meeting that concluded today. Five out of the six members of the MPC voted to maintain the ...

GDP for 2022-23 projected to grow at 7.0%. Internet banking facility to be started for Regional Rural Banks’ customers. Regulation of offline payment aggregators proposed. Repo Rate hiked to 5.90% The repo rate, the rate at which RBI lends money to commercial banks, has been hiked by 50 basis points again. Considering the prevailing adverse global environment, resilience in domestic ...