Following rapid increases in the policy repo rate by a cumulative 250 basis points from May 2022 to February 2023 to cool inflation, the RBI has held rates steady since. One basis point is a hundredth of a percentage point.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings