The central bank has raised the key policy rate by a cumulative 1.9 percentage points in four successive reviews beginning May to 5.9%, above pre-pandemic levels. Last month, the RBI retained its inflation projection for FY23 at 6.7% while lowering the growth forecast to 7% from 7.2% estimated earlier. On March 31, 2021, the Centre retained the inflation target and the tolerance band for the next 5-year period – April 1, 2021, to March 31, 2026.
US Stock: S&P, Nasdaq end lower on semiconductor selloff as AI spending concerns mount
Indian markets mirrored global trends as major indices, including the Nasdaq and S&P 500, closed at over a week’s low on Tuesday. Semiconductor stocks experienced
June 23, 2026