When the conservative Varma suggests repo rate at 6% is good enough for a pause, it’s a sufficient signal that the RBI is close to peak interest rate, for now. After a fourth straight increase, the repo rate is at 5.9%. To add weight to Varma’s stance, Goyal said the MPC may end up overdoing the increases, hurting the economy.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires