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RBI MPC Meeting LIVE news updates: MPC keeps repo rate unchanged at 5.5%
Rate cut unlikely, but not off the table
After the MPC surprised markets in June with a 50 basis point repo rate cut to 5.5 per cent and a shift from an "accommodative" to a "neutral" stance, expectations of another immediate cut have faded. A Business Standard poll showed that 6 out of 10 economists anticipate no change in the August meeting, while the remaining four believe a 25 basis point cut is possible.
Growth resilient, but global uncertainty remains
India's retail inflation fell to a six-year low of 2.1 per cent in June, driven by a drop in food prices and strong monsoon progress. At the same time, the manufacturing sector reported its fastest growth in over a year, with the HSBC–S&P Global Purchasing Managers' Index (PMI) jumping to 59.1 in July.
Despite these positives, the external environment remains unpredictable. The US tariffs and global monetary policy trends continue to cast a shadow over domestic decision-making.
When and where to watch?
RBI Governor Sanjay Malhotra will announce the outcome of the MPC's August meeting at 10 am today. The announcement will be streamed live on the RBI's official website, YouTube channel, and X account. A press conference is scheduled to follow at 12 noon.
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Economic Times
20 minutes ago
- Economic Times
Trump-Putin talk, GST reform and FII action among 9 factors to impact stock markets this week
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The index reclaimed its 100-DMA at 24,560, which will now serve as an immediate support, he said."Over the past month, the Nifty has struggled to cross its short-term 21-DMA at 24,770. A decisive move above this level is crucial to unlock further upside towards 25,000. The RSI has turned higher to 44, indicating improving momentum, while the MACD remains below the zero line. Although sentiment has improved, a clear confirmation of a trend reversal is still awaited."Factors that are likely to impact movement when markets reopen this week:The understanding reached between US President Donald Trump and Russian President Vladimir Putin on the Ukraine issue on Friday is expected to lift market sentiment when trading resumes on Monday. Although the two leaders stopped short of striking a deal to end the war, Putin said they had arrived at an 'understanding.' Their nearly three-hour meeting in Alaska did not produce a ceasefire, but Trump described it as a 'very good meeting,' while cautioning that 'there's no deal until there is a more – Explained: How Nifty, Sensex may react to Trump-Putin talks and Modi's GST tax reform on Monday? Prime Minister Narendra Modi's Independence Day announcement of major Goods and Services Tax (GST) reforms this Diwali could boost investor sentiment, opine experts. Speaking from the Red Fort on Independence Day, Modi on Friday announced rate cuts to be rolled out by Diwali in the GST 2.0. The PM said GST rates will be lowered on everyday-use goods as part of reforms to the eight-year-old tax action on Wall Street will give cues to the global markets including India. Wall Street's two major indices finished with declines while the Dow managed to remain afloat in the green. A mixed US economic data led to the souring in sentiments. While the US retail sales climbed 0.5% in July from June, the Federal Reserve's index for industrial production edged downThe Dow 30 ended the session at 44,946.10, gaining 34.86 points or 0.08% while S&P 500 settled at 6,449.80, down by 18.74 points or 0.29%. The Nasdaq Composite closed at 21,623, falling by 87.69 points 0.40%.Just about 100 companies have corporate actions lined-up this week with record dates for dividends, rights issue, stock split and bonus shares for more than 100 companies over the five-day trading companies which will have record dates for the purpose of dividend are JK Paper, Jammu & Kashmir Bank, Natco Pharma, Power Grid Corporation of India, Senco Gold, Coal India, Hindustan Aeronautics (HAL), Rail Vikas Nigam (RVNL), Federal Bank, Godfrey Phillips India and Indian Railway Catering and Tourism Corporation (IRCTC).Algoquant Fintech's record date will be for the purpose of stock split, Josts Engineering Company for rights issue and Bemco Hydraulics for bonus will be an IPO heavy week as 5 mainboard issues and one SME issue will hit the Indian primary markets. 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First Post
22 minutes ago
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China continues arming Pakistan, gives another Hangar-class submarine; second since March
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22 minutes ago
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Tech to make airports stress-free
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