When the conservative Varma suggests repo rate at 6% is good enough for a pause, it’s a sufficient signal that the RBI is close to peak interest rate, for now. After a fourth straight increase, the repo rate is at 5.9%. To add weight to Varma’s stance, Goyal said the MPC may end up overdoing the increases, hurting the economy.
Sebi to revamp short-selling, securities lending rules
Sebi is reviewing short-selling and securities lending rules to improve liquidity and price discovery. The regulator is also planning reforms in clearing, broker compliance, custodial