SINGAPORE: The dollar was rangebound on Wednesday, with investors choosing to stay on the sidelines ahead of U.S. President Donald Trump’s pick to fill a coming vacancy on the Federal Reserve’s Board of Governors. Trump said on Tuesday he will decide on a nominee by the end of the week and had separately narrowed the…
D-Street was pleasantly surprised as RBI slashed the repo rate by 50 basis points on Friday, June 6, pushing rate-sensitive stocks into sharp recovery mode. The repo rate now stands at 5.5 per cent, compared to 6 per cent earlier. The central bank also shifted its stance from ‘accommodative’ to ‘neutral’, signaling a broader reset in…
The Reserve Bank of India (RBI) announced a sharp 100 basis points (1 per cent) cut in the Cash Reserve Ratio (CRR), lowering it from 4 per cent to 3 per cent, in its second bi-monthly monetary policy review for the fiscal year 2025-26 on June 6, 2025. The decision aims to ease liquidity and…
Banking and other rate-sensitive stocks jumped on Friday, June 6 after the Reserve Bank of India (RBI) cut the repo rate by 50 basis points and reduced the Cash Reserve Ratio (CRR) by 100 basis points. This double monetary easing appreciated the Bank Nifty in intraday trading to an all-time high of 56,305, rising to…
The Reserve Bank of India’s Monetary Policy Committee (RBI MPC) on June 6 lowered its full-year inflation forecast given the continuous decline in consumer prices. For the fiscal year 2025-26, the inflation projection has been lowered to 3.7 per cent from the earlier 4 per cent. Quarter wise projections are as below …
The Reserve Bank of India in its second bi-monthly monetary policy review in the backdrop of favourable macros on expected lines reduced repo rate cut by 50 basis points to 5.5 per cent.1 basis point is one-hundredth of a percentage point. The June MPC review came at a time when the economy has achieved a one-year high…