Bharat Express

RBI

Central Banking London praised RBI’s initiatives for transforming internal and external processes. The successful adoption of Sarthi and Pravaah reflects RBI’s commitment to digital innovation.

Indian stock markets remained range-bound on February 27, with cautious sentiment prevailing. The Sensex and Nifty showed limited movement.

Wholesale Price Index (WPI)-based inflation declined to 2.3% in January from 2.37% in December, driven primarily by a decrease in food prices, especially vegetables.

On Friday, the Indian stock market traded almost flat after the Reserve Bank of India (RBI) announced a 25 basis points (bps) cut in the repo rate.

The domestic benchmark indices traded almost flat early on Wednesday after the stock market experienced a strong upward movement as the US trade tariff tensions eased.

Retail digital payments in India have grown from 162 crore transactions in the financial year 2012-13 to over 16,416 crore transactions in the financial year 2023-24

The Monetary Policy Committee (MPC) is scheduled to meet on February 7. Analysts expect the MPC to maintain a neutral stance, with consensus indicating a possible rate cut starting in February.

The growth of 6.2% in India's GDP for the December quarter of fiscal 2025 is projected as per RBI's latest report.

Fitch projects that RBI will cut interest rates in 2025. This expectation follows the RBI's recent liquidity measures, including a 50-basis-point reduction in the cash reserve ratio.

By 9:28 am, the Sensex stood at 78,014.77, down by 184.34 points, or 0.24%. Meanwhile, the Nifty was trading at 23,662.2, a drop of 45.70 points, or 0.19%.