The Reserve Bank of India hiked its benchmark repo rate up by 35 basis points (bps) on Wednesday. As it was largely anticipated. This was the fifth consecutive hike as inflation remained high, and the central bank asserts that efforts to control inflation will not be eased. The key lending rate, also known as the […]
The Reserve Bank of India’s Monetary Policy Committee (MPC) met out of turn to review and compile the report required under Section 45ZN of the RBI Act, 1934 & Regulation 7 of the RBI MPC & Monetary Policy Process Regulations 2016. Which will be delivered to the government and explain why it failed to maintain […]
ShreeMetalPrices: India’s September Services Growth Shrunk to a 6-Month low to 54.3 as Demand Cooled, PMI.
According to a market study, growth in India’s services sector shrunk significantly in September to a six-month low, primarily due to a significant decline in demand amid high inflation, the S&P Global India services Purchasing Managers’ Index (INPMIS=ECI) dropped from 57.2 in August to 54.3 in September. Significantly below the prediction of slight decline to […]