Brokerage firm Emkay Global Financial Services, said, in a note, that there are enough reasons for the RBI to depart from its recent guidance, deliver a further 25bps easing in October, and adopt an open-ended policy approach/guidance for more easing ahead. The Reserve Bank of India (RBI) has started its three-day Monetary Policy Committee…
Malhotra underlined that while India’s commitment to accessible, secure digital payments remains firm, long-term sustainability cannot be overlooked. The Reserve Bank of India has signalled that the era of entirely free digital transactions may be nearing its end. As the Unified Payments Interface (UPI) continues to scale new heights, RBI Governor Sanjay Malhotra stressed…
The S&P BSE Sensex surged 631.55 points to end at 76,532.96, while the NSE Nifty50 gained 205.85 points to close at 23,163.10. Benchmark stock market indices added almost 1%, extending their run for the second consecutive day, fuelled by a rise in information technology (IT) sector stocks. The S&P BSE Sensex surged 631.55 points to end at 76,532.96,…