Sensex up 100pts; Broader indices down 1%; Praj dips 11%
2:05 PMRBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%. READ MORE
1:52 PMALERT:: LIC pares stake in HDFC AMC; stock down 1.5%LIC in an exchange filing said it reduced its holding in HDFC AMC from 9.046 per cent to 6.953 per cent in the last one year, at an average price of Rs 2,863.45 per share.
1:37 PMCOMMENT:: Not expecting a rate cut anytime soon
The MPC's decision to keep the key policy rates steady while staying the course on monetary tightening is the best policy prescription that the central bank could deliver at this point of time.
The tightening cycle, in my view, will continue till t...
