The 3-day Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) started on Monday 5 Dec 2022
The stock market is closely watching the RBI MPC’s rate hike stance if any, as inflation is still above the 6 percent target band
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Amongst the key drivers for slower rate hikes is the moderating inflation, easing commodity prices, and a cool-down in crude oil prices
CII
In addition to this, industry body CII in the month of Nov, also urged the RBI to consider moderating rate hikes, calling it the “need of the hour
Apart from this, the Indian Rupee has also rebounded against the US Dollar in the last month, appreciating 1.45%
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RBI has hiked interest rates by 190 bps so far in 2022, with a 40 bps hike in May, followed by a 50 bps raise each in June, August, and September
As per the Analyst's expectations, the RBI could slow its pace of rate hikes, in December in the range of 25-35 basis points
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India's Q2 GDP Grows at 6.3%, Key Highlights
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