The Reserve Bank of India’s Monetary Policy Committee has decided to keep the repo rate unchanged at 6.5% for the fourth consecutive time. The central bank also maintained its inflation forecast for the fiscal year at 5.4%. Despite uncertainties in the agriculture sector and volatile global food and energy prices, the MPC remains focused on withdrawing accommodation. The GDP forecast for FY24 is unchanged at 6.5%, with projections of 6.5% for Q2, 6% for Q3, and 5.7% for Q4. The panel also increased the limit for gold loans under the Bullet Repayment scheme.
BSE shares fall over 6% amid SEBI ban on Jane Street for derivatives manipulation
BSE shares: In a 105-page interim order, SEBI alleged that Jane Street and its affiliates employed high-frequency trading strategies to manipulate key benchmark indices such