The Reserve Bank of India held policy rates steady but lowered the cash reserve ratio to potentially ease borrowing costs. GDP growth projections for FY25 were reduced to 6.6% while inflation estimates were raised to 4.8%. The central bank also temporarily lifted the cap on interest rates on US dollar deposits to address the rupee’s slide.
Dalal Street Week Ahead: Sideways consolidation likely to persist amid global trade uncertainty
The Nifty experienced a week of range-bound trading, closing slightly lower with a 0.53% loss. Facing resistance near the upper edge of a rising channel,