The Reserve Bank of India’s Monetary Policy Committee started its three-day conference on Tuesday to review the economic situation and discuss interest rates. The six-member RBI MPC, responsible for setting India’s benchmark interest rates, began its discussions on August 6 and will conclude on August 8. Changes to the repo […]
RBI MPC meeting
RBI MPC meeting begins: Amid global market turmoil and growing calls for a significant rate cut by the Fed, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is currently convening to determine the policy rates and stance. RBI Governor Shaktikanta Das will announce the policy outcome on Thursday, […]
Trade setup for Friday Speaking on the outlook for Nifty today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, “The short-term trend of the Nifty 50 index continues to be positive amidst high volatility. Having recently moved above the hurdle of 22,250 levels (midpart of Tuesday’sTuesday’s long bear […]