RBI keeps the key rate unchanged; Stock Market Highlights
Upstox
5 mins • Updated: February 9, 2024, 4:22 PM
Summary
The Indian central bank has left the repo rate unchanged since February 2023 as price rise woes have eased. Inflation has since stayed around in the range of 2% to 6%.
Stocks at 52-week high; Stock Market LIVE Updates
| Stock | 52W High | Today’s Change | |:------------------------------:|:------------:|:------------------:| | Engineers India | ₹214.9 | ▲ 7.9% | | Network 18 Media & Investments | ₹131.8 | ▲ 8.1% | | Global Health | ₹1,070 | ▲ 7.2% | | Just Dial | ₹944.4 | ▲ 6.9% | | Shriram Finance | ₹2,284 | ▲ 5.3% |
February 9, 2024 4:22 PM
5 Key takeaways from the RBI policy meet
The Indian central bank kept the key rates unchanged for the sixth consecutive time. The RBI also believes that the inflation rate will continue to ease in FY25, assuming a normal monsoon.
Click here to read the key takeaways from today's policy meeting.
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RBI on liquidity in financial markets; Stock Market LIVE Updates
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RBI says long-term rates are stable; Stock Market LIVE Updates
The long-term rates remain stable on the back of softening or easing of inflation, says the RBI.
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FY24 retail inflation expected to be at 5.4%; Stock Market LIVE Updates
The headline inflation is expected to ease to 4.5% in FY25. This would be in RBI’s target of 2% to 6%.
February 8, 2024 10:21 AM
RBI estimates India’s GDP to grow at 7.3% in FY24; Stock Market LIVE Updates
The Indian central bank raises its GDP growth estimate for India’s GDP to 7.3% from 7%. FY25 real GDP growth projected at 7%.
February 8, 2024 10:17 AM
RBI says transmission of hikes still underway; Stock Market LIVE Updates
The Indian central bank says that the transmission of a 250 basis point rate hike is still underway.
February 8, 2024 10:11 AM
RBI maintains the status quo; Stock Market LIVE Updates
The Indian central bank keeps the key rate unchanged for the sixth consecutive time at 6.5%.
February 8, 2024 10:07 AM
