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The Reserve Bank of India (RBI) has significantly reduced the repo rate by 50 basis points, bringing the total cut to 1% since February, a move set to lower home loan EMIs. Experts suggest this could push home loan rates closer to sub-8%, benefiting borrowers.
2:10 PM
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The Reserve Bank of India has significantly reduced the repo rate by 50 basis points to 5.5%, accompanied by a 1% decrease in the Cash Reserve Ratio, injecting substantial liquidity into the banking system. While borrowers can anticipate cheaper loans, fixed deposit investors face the prospect of declining interest rates.
1:10 PM
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The Reserve Bank of India surprised markets by cutting its benchmark rate. It also released Rupees 2.5 lakh crore liquidity. This was done by reducing the cash reserve ratio. Governor Sanjay Malhotra said this supports growth. Inflation projections were also revised downward. The monetary policy committee voted 5:1 for the rate cut.
9:10 AM
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Stock market recommendations:Bajaj Broking Research suggests a continued consolidation phase for benchmark indices, highlighting resilience in mid and small-cap segments. Nifty oscillates within 24,400-25,080 range, while Bank Nifty consolidates between 53,500-56,000. Idea Forge Technology and Avantel are recommended as top stock picks.
2:10 AM
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Bank of America predicts the rupee will strengthen to 84 against the dollar by the end of 2025, driven by a potential US trade deal, soft oil prices, and a supportive RBI. While capital inflows are expected to continue, equity flows will remain dominant.
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The Reserve Bank of India's MPC met to review interest rates, with economists divided on the extent of cuts. Some advocated for a bolder 50 bps reduction to boost economic momentum, while others favored a cautious 25 bps cut, citing moderated inflation and external uncertainties. The decision, expected on June 6, will influence borrowing costs and investment sentiment.
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Moody's Ratings anticipates India's robust domestic economy will sustain growth, enabling banks to maintain healthy asset quality. System-wide nonperforming loan (NPL) levels are projected to remain between 2-3% over the next year. Factors such as increased government spending and supportive monetary policy will cushion the banking system amid global uncertainties.
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Yes Bank shares plunged 7.4% to Rs 21.55 following reports of a 3% equity stake changing hands via block deals, potentially involving a PE investor.
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Bank deposits in metro cities have increased to 53.2% in March 2025, while their share in bank credit has decreased. This shift is driven by a growing preference for personal loans and the movement of capital to semi-urban areas. Personal loans have seen significant growth, with housing loans becoming more affordable.
5:10 AM
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The Reserve Bank of India (RBI) is anticipated to reduce its benchmark rate by 25 basis points for the third consecutive time, maintaining a supportive liquidity stance. This decision follows slowing GDP growth, which stood at 6.5% in FY25, and contained inflation within the RBI's target.
12:10 AM
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Indian equity markets brace for a week influenced by the RBI's interest rate decision on June 6, macroeconomic data, and global cues. Experts suggest that rate-sensitive sectors like PSU banks may see focus amid rate cut hopes. India's strong FY25 GDP growth, exceeding expectations, positions it to potentially surpass Japan as the fourth-largest economy.
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The Asian Development Bank (ADB) has pledged $10 billion to bolster India's urban development over the next five years, focusing on metro expansion and infrastructure upgrades. This initiative aims to attract private investment through the Urban Challenge Fund, targeting 100 cities for redevelopment and improved water and sanitation.
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Despite a muted equity market trend, four of the top 10 Indian companies, including LIC, SBI, HDFC Bank and Bharti Airtel, collectively added Rs 1,01,369.5 crore to their market valuation last week. However, six firms, such as Reliance and TCS, experienced a combined decrease of Rs 34,852.35 crore.
11:10 AM
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Canara Bank is set to eliminate minimum balance requirements for all savings accounts starting June 1, 2025, benefiting a wide range of customers. This move, a first among major public sector banks, removes penalties for not maintaining the Average Monthly Balance (AMB) across all account types, including regular, salary, and NRI accounts.
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