The RBI raised its benchmark repo rate by 25 basis points to 5.5%, its first hike since February 2023, and shifted its policy stance to ‘calibrated tightening’. The move came as the central bank raised its FY27 growth forecast to 7.1% while warning that inflation and its outlook were no longer benign.
PCBL Chemical rises 25% on supply, export and earnings hopes
PCBL Chemical has seen a 25% stock increase due to anticipated higher carbon-black prices. The company expects improved export prospects and a recovery in earnings.