Consider these 9 things before investing in mutual funds!
What is the right way to invest in mutual funds? How do mutual funds work? What kind of risk is involved? Which fund is right for whom? What things should be kept in mind before investing? Watch this video to know-
The Reserve Bank of India (RBI) kept the policy repo rate unchanged at 4% while maintaining its accommodative stance after the conclusion of the Monetary Policy Committee (MPC) meeting today, 7 April
The Nifty Bank index was up 0.81% at 32,763.70. Meanwhile, the Nifty 50 index was up 0.68% at 14,782.75.
Among the private sector banks, IDFC First Bank (up 1.27%), IndusInd Bank (up 1.22%), Bandhan Bank (up 0.96%), RBL Bank (up 0.87%), Kotak Mahindra Bank (up 0.33%) and Federal Bank (up 0.2%) were top gainers in private sector segment.
Among the public sector banks, Union Bank of India (up 3.69%), Central Bank of India (up 3.07%), Bank of Maharashtra (up 1.9%), Bank of India (up 1.8%), J&K Bank (up 1.55%), Canara Bank (up 1.49%), Indian Overseas Bank (up 1.25%), SBI (up 1.17%), Indian Bank (up 1.05%) and Bank of Baroda (up 1.03%) were top gainers in PSU bank space.
RBI Governor says the central bank will remain accommodative as long as necessary to sustain growth on a durable basis. GDP growth is projected at 10.5% in Financial Year 2021-22. Inflation is projected at 5% in Q4 of FY 2021; 5.2% in first half of FY2022; down to 4.4% in Q3 and 5.1% in Q4.
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