Key Points
The Reserve Bank of Indias Monetary Policy Committee is seen leaving the repo rate unchanged at 6.50% at the end of its three-day meeting, beginning on Wednesday...
While the domestic growth momentum remains robust, consumer price index-based inflation is still above the central banks target of 4%..
Goldman Sachs expects the RBI to take comfort from the declining core inflation and slightly soften its hawkish forward guidance, but remain cautious given the upside risks to food inflation from weather shocks...
For the first three quarters of FY24, Indias GDP has grown by over 8%, and it is expected to have seen a similar growth even in the March quarter, according to Finance Minister Nirmala Sitharaman...
The market is presently influenced by retail investor enthusiasm, the sustained flows into the market via mutual funds and fundamental support from good GDP growth and decent corporate earnings, he said.. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own..
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