Rabindra bharati university, Public university in Kolkata, India

New Delhi [India], June 6 : Indian stock indices traded largely on a steady note Tuesday morning as investors stared at the the Reserve Bank of India's bi-monthly monetary policy review for fresh cues.Investors eye policy outcome of the meeting, headed by RBI governor Shaktikanta Das, to be announced Thursday. A majority of analysts expect the RBI awill continue to keep the repo rate unchanged at 6.5 per cent.A consistent decline in inflation (currently at 18-month low) and its potential for further decline may prompt the central bank to put the brake on the rate again.RBI's consistent monetary policy tightening since mid-2022 could be attributed to the substantial decline in inflation numbers in the country.The RBI in its April meeting paused the repo rate.SBI Research said it expects the RBI to again pause repo rate in June policy meet. "We believe at 6.50 per cent, we are in for a prolonged pause...."Barring April pause, the RBI raised the repo rate by 250 basis points cumulatively to 6.5 per cent since May 2022 in the fight against inflation.Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline."...it is crucial to exercise caution as there is currently no clear trend in the market. Investors and traders should closely monitor the market developments and adapt their strategies accordingly," Ameya Ranadive, Equity Research Analyst, Choice Broking.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

Rabindra Bharati UniversityFOLLOW

Rabindra bharati university, Latest News

PRNewswire Hyderabad (Telangana) [India], June 6: The Centre for Innovation and Entrepreneurship (CIE) at IIIT Hyderabad announced the onboarding ... ...

New Delhi, June 6 The Indian Navy on Tuesday successfully carried out a test to hit an underwater ... ...

PRNewswire Bangalore (Karnataka) [India], June 6: Lungs Lined with Moss, a surreal short film directed by visionary filmmaker Niranjan ... ...

BusinessWire India New Delhi [India], June 6: Seagram's Royal Stag has always exemplified the spirit of dreaming, achieving, and ... ...

Surat (Gujarat) [India], June 6: IDT (Institute of Design and Technology), in collaboration with Archroma, celebrated World Environment Day ... ...

San Francisco, June 6 Meta-owned messaging platform WhatsApp is now back online after facing a global outage, including ... ...

Ahmedabad (Gujarat) [India], June 6 : Directorate of Enforcement (ED), Ahmedabad has arrested Santosh Karnani, Additional Commissioner of Income ... ...

New Delhi [India], June 6 : Indian stock indices traded largely on a steady note Tuesday morning as investors ... ...