HSBC, which expects the RBI to announce a 25-basis-point rate increase at its next policy statement Thursday, said that an end to the cycle of hardening rates now would be akin to stopping a few meters before the finish line at a marathon. The repo rate is currently at 6.50%.
Lalithaa Jewellery Mart IPO allotment expected today; GMP at 27% — Here’s how to check status
The IPO, which opened for subscription on August 17 and closed on August 19, received an overwhelming response, with the issue subscribed 62.97 times overall.