2. RBI hikes repo rate to 5.50% & rules out rate cuts
In its Oct 7 MPC meeting, RBI raised repo rate by 25 bps to 5.50% - first hike since Feb 2023.
• Stance changed to 'calibrated tightening'
• Rate cuts off the table for near term
• GDP forecast for FY27 raised to 7.1%, but inflation projection also up to 5.2%
• Rupee: RBI will support "orderly movement" to find correct value
Post angle: "Borrowing just got costlier 📈 RBI hikes rates to 5.5%. EMIs, FDs & loans to feel the impact."
Bonus quick hits for engagement
• Markets today: Sensex up 1,380 points to 74,162, Nifty crosses 23,000
• Q2 Results: HDB Financial profit jumps 34% to ₹780 Cr, BHEL profit doubles
• Pakistan: World Bank says 48% Pakistanis now below poverty line, 6-month T-bill rate at 12.39%
#BTC #FinancialGrowth #UpdateAlert #latestactivities
In its Oct 7 MPC meeting, RBI raised repo rate by 25 bps to 5.50% - first hike since Feb 2023.
• Stance changed to 'calibrated tightening'
• Rate cuts off the table for near term
• GDP forecast for FY27 raised to 7.1%, but inflation projection also up to 5.2%
• Rupee: RBI will support "orderly movement" to find correct value
Post angle: "Borrowing just got costlier 📈 RBI hikes rates to 5.5%. EMIs, FDs & loans to feel the impact."
Bonus quick hits for engagement
• Markets today: Sensex up 1,380 points to 74,162, Nifty crosses 23,000
• Q2 Results: HDB Financial profit jumps 34% to ₹780 Cr, BHEL profit doubles
• Pakistan: World Bank says 48% Pakistanis now below poverty line, 6-month T-bill rate at 12.39%
#BTC #FinancialGrowth #UpdateAlert #latestactivities