On the day the RBI announced its monetary policy, the Nifty Bank Index surged past its all-time high, reflecting strong market optimism. The rally continued into the next day, with the index touching a new 52-week high of 57,050. This sharp upward move was driven by a...
In a significant policy move, the Reserve Bank of India (RBI), under the new Governor Sanjay Malhotra, has cut the repo rate by 25 basis points to 6.25%. This is the first rate cut by RBI in five years with the last rate reduction taking place in May 2020. RBI has...
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