TryGOLD- Free

No rate cut seen in February: SBI
The Business Guardian|November 14, 2024
The interest rate cut by the Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation, SBI Research stated in its latest report, adding that a slight easing in inflation is expected starting in January.
No rate cut seen in February: SBI

The report adds that inflation is likely to average around 4.8 percent to 4.9 percent for financial year 2025, higher than the RBI target of 4.5 percent. It adds that the ease in inflation from January will be supported by base effects rather than a significant cooling of underlying price pressures.

"Inflation is only likely to dip from January onwards, but this will be driven by base effects. We are now less hopeful of a February rate cut. We believe the first rate cut is now effectively pushed back beyond Feb'25," the report adds.

This story is from the November 14, 2024 edition of The Business Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

No rate cut seen in February: SBI
Gold Icon

This story is from the November 14, 2024 edition of The Business Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE BUSINESS GUARDIANView All
Durex Launches First India Podcast on Intimacy
The Business Guardian

Durex Launches First India Podcast on Intimacy

Durex, a global leader in sexual health and well-being, launched The Durex Podcast, its first-ever podcast in India.

time-read
1 min  |
February 18, 2025
Exports surge $74.97 bn in Jan from $68.33 bn, trade deficit rises
The Business Guardian

Exports surge $74.97 bn in Jan from $68.33 bn, trade deficit rises

However, the country's trade deficit too widened to $2.67 billion from $0.39 bn as imports surged to $77.64 billion, compared to $68.72 billion in the same month last year.

time-read
1 min  |
February 18, 2025
The Business Guardian

Five-Year Integrated Master of Public Health Program Launched at SRMIST

School of Public Health at SRM Institute of Science and Technology (SRMIST), Chennai has recently launched an innovative five-year integrated Master of Public Health program.

time-read
1 min  |
February 18, 2025
Bank of Maharashtra Receives Regulatory Approval for Gift City Branch
The Business Guardian

Bank of Maharashtra Receives Regulatory Approval for Gift City Branch

Bank of Maharashtra, a premier public sector bank in India, announced today that it has received approval from Reserve Bank of India to set up an International Financial Services Centre (IFSC) Banking Unit in GIFT City.

time-read
1 min  |
February 18, 2025
PM Modi: Govt transformed business fear into ease of doing business
The Business Guardian

PM Modi: Govt transformed business fear into ease of doing business

Prime Minister Narendra Modi said on Saturday that he government has over the past decade transformed the fear of business into \"ease of doing business\".

time-read
3 mins  |
February 18, 2025
India's Exports Rise to $74.97 Billion in Jan 2025; Trade Deficit at $2.67 Billion
The Business Guardian

India's Exports Rise to $74.97 Billion in Jan 2025; Trade Deficit at $2.67 Billion

India's overall exports, comprising both merchandise and services, rose to USD 74.97 billion in January 2025, marking an increase from USD 68.33 billion in January 2024, according to data released by the Commerce Ministry.

time-read
1 min  |
February 18, 2025
Income Tax Relief Doesn't Signal A Shift From Capex: Sitharaman
The Business Guardian

Income Tax Relief Doesn't Signal A Shift From Capex: Sitharaman

Finance Minister Nirmala Sitharaman clarified that the Budget 2025 income tax relief does not indicate a shift from capital expenditure to consumption.

time-read
2 mins  |
February 18, 2025
Reliance Ranks No. 2 in FutureBrand Index 2024, Surpassing Apple
The Business Guardian

Reliance Ranks No. 2 in FutureBrand Index 2024, Surpassing Apple

The US no longer dominates the top of the Future Brand Index; in a landmark achievement, Reliance Industries Limited (RIL) has been ranked No. 2 in the FutureBrand Index 2024, surpassing global technology giant Apple.

time-read
2 mins  |
February 18, 2025
Advocates Harmeet Singh Grewal And Deepinder Singh Nalwa Sworn In As Additional Judges Of Punjab And Haryana High Court
The Business Guardian

Advocates Harmeet Singh Grewal And Deepinder Singh Nalwa Sworn In As Additional Judges Of Punjab And Haryana High Court

Advocate Harmeet Singh Grewal and Advocate Deepinder Singh Nalwa were sworn in as Additional Judges of the Punjab and Haryana High Court on February 17, 2025.

time-read
1 min  |
February 18, 2025
ENDURING LEGACY OF WARRIOR MONKS
The Business Guardian

ENDURING LEGACY OF WARRIOR MONKS

For centuries, India's Akharas have been the guardians of Hindu tradition, blending martial discipline with deep spiritual practice.

time-read
4 mins  |
February 18, 2025

We use cookies to provide and improve our services. By using our site, you consent to cookies. Learn more