RBI’s MPC unlikely to announce a change in repo rate, according to an ET poll

August 5, 2024

The Reserve Bank of India was likely to maintain its repo rate at 6.50% due to high food prices. An ET poll concurred this steadying move. However, easing core inflation and a global shift toward lower borrowing costs might prompt the RBI to adopt a neutral stance next quarter, aligning with India’s busy economic season.

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Oil prices saw little change on Friday after a significant drop. Hopes for an early end to the U.S.-Israeli conflict with Iran have faded. This

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Credit guarantee scheme for MFIs still stuck in low gear

Banks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. While the credit guarantee

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