City
Epaper

Omicron concerns, MPC review to steer equities (IANS Market Forecast)

By IANS | Updated: December 4, 2021 21:40 IST

Mumbai, Dec 4 RBI's upcoming monetary policy review along with the release of key macro economic data points ...

Open in App

Mumbai, Dec 4 RBI's upcoming monetary policy review along with the release of key macro economic data points will steer the key equity indices next week.

Moreover, direction of foreign fund flows, as well as concerns over Covid-19's new variant Omicron's impact on growth will influence investor sentiments.

The monetary policy review is slated for December 6-8. It is widely expected that RBI's MPC will maintain a status-quo in the key lending rates.

At present, the MPC of the central bank has maintained the repo rate, or short-term lending rate, for commercial banks at 4 per cent.

Consequently, the reverse repo rate was kept unchanged at 3.35 per cent.

"Investors on Monday

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: RBIMPC
Open in App

Related Stories

BusinessRBI Sets Sovereign Gold Bond Redemption Price at Rs 12,801 Per Unit

BusinessHDFC Bank Share Prices Fall After RBI Imposes Rs 91 Lakh Fine For Violations Including KYC Lapses

BusinessRepo Rate Cut Triggers FD Interest Drop, But Post Office Still Offers Highest 7.5% Return

MaharashtraRBI Cancels Licence of Jijamata Mahila Sahakari Bank in Satara

NationalRBI Lists Three Scenic Lonavala Bungalows Near Lake on Sale for ₹6.55 Crore

International Realted Stories

InternationalIran rejects US ceasefire offer, issues 10-point plan calling for permanent end to war

InternationalWHO suspends Gaza medical evacuation after contract worker killed in "security incident"

InternationalUS Ambassador Gor discusses U.S.-India cooperation to counter transnational threats with FBI Director

International"Reckless threats will not affect offensive Ops, nor erase humiliation of US": Iran hits back at Trump

InternationalArtemis II crew begins seven hour flyby of Moon, observes far-side parts never seen by Humans