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

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

BusinessWhat is Universal Banking? RBI Grants This License to a Bank for the First Time in 11 Years

NationalRBI Keeps Repo Rate Unchanged at 5.5%; Neutral Stance to Continue Says Sanjay Malhotra

NationalRBI Repo Rate: What is This ‘Repo Rate’ Everyone’s Talking About? And Why Does Your EMI Go Up Because of It?

LifestyleBank Holidays in August 2025: Banks to Remain Closed For 8 Days This Month; Check Dates

International Realted Stories

InternationalPoJK shutdown enters second day amid widespread protests

InternationalAfghanistan: Flights, communication face disruption after internet blackout

InternationalPakistan: 10 people killed, over 20 injured in Balochistan explosion

InternationalSeoul reaffirms goal of denuclearising Korean Peninsula

InternationalFrance welcomes Gaza peace proposition