RBI had lowered the repo rate by 25 basis points for the second time in a row to 6% and changed its stance to ‘accommodative’ from ‘neutral’ on April 9. He hinted at further rate cuts by adding that “going forward too, considering the evolving growth-inflation trajectories, monetary policy needs to be accommodative.”
Tata Chemicals surges on Tata Sons listing buzz
Tata Chemicals shares surged on Thursday, driven by the RBI’s new guidelines for upper-layer NBFCs, sparking hopes for a Tata Sons listing. Analysts suggest this