Most Read News

UK retail sales continued to fall in May as retailers faced tougher trading conditions amid weak consumer demand and soaring inflation, data compiled by the British Retail Consortium and the advisory services firm KPMG, showed. Total retail sales dropped 1.1 percent in May from a year ago and like-for-like sales logged a decline of 1.5 percent. Spending on furniture, home appliances, and computing declined significantly […]

Australian share market finished session steep lower on Tuesday, 07 June 2022, after the Reserve Bank of Australia surprised markets by lifting the official cash rate by a bigger-than-expected 50 bps and flagged more tightening to come in a bid to contain inflationary pressure. The Reserve Bank of Australia (RBA) lifted its cash rate by a bigger-than-expected 50 basis points to 0.85% At closing bell, […]

Japan share market finished session slightly higher on Tuesday, 07 June 2022, with buying interest mounting on the back of the yens depreciation to a two-decade low of 132 range against the dollar which prompted purchases of export-oriented shares as weaker yen boosts their overseas profits when repatriated. At closing bell, the 225-issue Nikkei Stock Average advanced 28.06 points, or 0.1%, to 27,943.95. The broader […]

Australian share market finished session steep lower on Tuesday, 07 June 2022, after the Reserve Bank of Australia surprised markets by lifting the official cash rate by a bigger-than-expected 50 bps and flagged more tightening to come in a bid to contain inflationary pressure. The Reserve Bank of Australia (RBA) lifted its cash rate by a bigger-than-expected 50 basis points to 0.85% At closing bell, […]

Expect hike of 35-50 basis points in the June policy

Nifty down by 153.2 points; Sensex down by 567.9 points

Reported sales nil

RBI likely to raise the policy rate by 25 bps while continuing to keep its stance and the CRR rate unchanged

Australian share market finished session steep lower on Tuesday, 07 June 2022, after the Reserve Bank of Australia surprised markets by lifting the official cash rate by a bigger-than-expected 50 bps and flagged more tightening to come in a bid to contain inflationary pressure. The Reserve Bank of Australia (RBA) lifted its cash rate by a bigger-than-expected 50 basis points to 0.85% At closing bell, […]

Expect RBI to hike rates by 25-50 bps in June. If the hike is above 50 bps, it may impact homebuyer sentiments, and thus residential sales.