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GDP was a significant domestic data released last week
This week, market started with a gap-up and maintained the gain with volatility
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Market expects another 50bps hike
The market was on a rampant during the last 2 months. In CY22, main index is down by 15% while mid & small caps by 20 to 30%
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Growth taking root after plunge in pandemic, says RBI governor
Shaktikanta Das said the economy has the potential to grow at a reasonably high pace, provided private capital investment resumes
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Differences between RBI and others on virtual currencies persist in PM’s review meet
The central bank is for an outright ban, government wants some form of regulation
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Shaktikanta Das reappointed RBI chief for three-year term
The government has reappointed Das as the governor of the central bank for a period of three years beyond December 10, 2021
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RBI focused on holding inflation at 4%: Shaktikanta Das
The retail inflation has started to move down after being above 6% in May and June. In September, the inflation was ruling at 4.35%
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Sensex rallies over 400 pts after RBI maintains status quo
CPI inflation is seen at 5.3% for this fiscal. In Q2, it is seen at 5.1%, 4.5% in Q3 and 5.8% in Q4, with risks broadly balanced.
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EMIs unlikely to change as RBI keeps policy rate unchanged
Repo rate is the rate at which the RBI provides liquidity to banks to overcome short-term mismatches.
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RBI maintains status quo for eighth time in a row
Repo rate and reverse repo rate have been kept unchanged along with accommodative stance
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Big push needed for sustainable growth across sectors: Das
He noted that there would be a need to guard against any emergence of the digital divide, as digitisation gains speed after the pandemic
