Indian markets extended their sell-off as the RBIs hawkish policy stance pressured rate-sensitive sectors and reset near-term valuations. The Nifty fell 1.64% to 22,231.80, while the Sensex dropped 1.46% to 71,593.24, with metals and realty leading losses.
Rupee slips 13 paise to 96.88/USD amid global risk-off, RBI support eyed as crude climbs and US dollar strengthens.
The Indian rupee struggles amid climbing oil prices and a weakening of Asian currencies. Despite the Reserve Bank of India's intervention, traders remain wary regarding the future of the currency. Many market players doubt that a central bank interest rate hike will stem capital flight, while escala…
State Bank of India Chairman C S Setty stated there will be no deposit rate hikes for the next three months. He cited sufficient liquidity in the system as a key reason for this prediction. Setty mentioned that credit growth is expected to sustain at 14 to 15 percent over time. He emphasized that ba…
Jefferies India report says that RBI's 25 bps rate hike to 5.5% was on expected lines, but the stance change to calibrated tightening lifts consensus rate hike expectations to 75-100 bps
Indian markets tumble midday as Nifty slips below 22,300 with Adani, ITC, metal stocks leading losses; IT steadies, RBI rate hike weighs on sectorals.
The monetary policy committee (MPC) voted unanimously for the increase and adopted a stance of "calibrated tightening". RBI Governor Sanjay Malhotra said rate cuts were off the table for now, leaving a further increase or a pause as the choices at future meetings. The impact on existing borrowers wi…
During the first half of the fiscal year 2026-27, private sector banks saw their share in the tri-party repo market come down, while public sector banks boosted their position in the collateralised overnight money market. Notably, mutual funds maintained a strong presence in the tri-party repo marke…
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