Economists are largely suggesting the Reserve Bank of India (RBI) to pause policy rates, encouraged by lower inflation and strong economic growth. Market participants are expected to advocate for a rate reduction, aligning with the US Federal Reserve’s recent cut. The monetary policy committee is scheduled to meet, with the rate decision to be announced on October 1.
Sensex rises 300 points; Nifty above 24,350 as oil prices slide. What lies ahead?
On Wednesday, Indian stock markets rallied, buoyed by a decrease in oil prices and renewed optimism surrounding the reopening of the Strait of Hormuz, following