Bharat Express

RBI monetary policy

On Friday, the Indian stock market closed flat following the RBI's Monetary Policy Committee (MPC) decisions on the repo and CRR rates.

Moody’s has forecasted a strong 7.2% GDP growth for India in 2024, driven by favorable economic conditions and solid growth prospects.

In Asian markets, Seoul, Tokyo, and Shanghai closed higher, while Hong Kong closed lower

Barring the April pause, the RBI raised the repo rate by 250 basis points cumulatively to 6.5 per cent since May 2022 in the fight against inflation.