The Governor mentioned that input costs and food inflation are still high and could pose risks to upside.
In our opinion, with growth expected to remain firm, the last phase of dis-inflation towards the 4% target remains arduous and hence the RBI would be willing to bide its time.
Normal monsoon this year is critical for easing of food inflation.
All stocks on the BSE Sensex were in positive territory, with Wipro, Infosys, Bajaj Finance, Tech Mahindra, and Power Grid Corp leading the gains.
Currently, the central bank is keeping an eye on data to determine whether any more actions are required.
Wipro revealed significant deal bookings for the full fiscal year at $4.6 billion in its fourth quarter earnings for FY24, a 17.4% YoY growth.
Investors with very high risk appetite and want to invest in special situations theme should invest in the Mahindra Manulife Manufacturing Fund for 5 or more years.
While the RBI did maintain rates, the question is whether they had the opportunity to give a pre-emptive boost.
The lenders had previously advocated a collective CIRP in the hopes of receiving a higher price for the three firms.
Unchanged Repo Rate supports affordability, confidence in housing market

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