Rbi on indian economy: The Reserve Bank of India (RBI) has decided to maintain the repo rate at 5.5 percent, keeping in mind the existing domestic and global conditions. Governor Sanjay Malhotra announced this at a press conference after a three -day Monetary Policy Committee (MPC) meeting on Wednesday. He informed that the attitude of monetary policy has been kept neutral, which means that the central bank will maintain flexibility in rates according to the changing economic situation. Let us know ten big things of RBI Governor Sanjay Malhotra-

1-RBI, while presenting the economic picture of the country, has increased the estimate of GDP growth from 6.5 percent to 6.8 percent. This is definitely good news for the country, because since the American high tariff, the economic front is facing challenges. While the estimate of retail inflation has been reduced from 3.1 percent to 2.6 percent. This is the second consecutive time when there is no change in the repo rate.

2- Governor Malhotra said that due to the repo rate being stable, there is no possibility of change in interest rates of housing, vehicles and other retail loans at the moment.

3-He also informed that from February to June this year, RBI has already reduced the repo rate by 1 percent, due to which there has been a decrease of 0.58 percent in the borrowing cost of new loans.

The 4-RBI further stated that India’s foreign exchange reserves have reached $ 700.2 billion, which is sufficient for imports of about 11 months. Also, in the second quarter of the current financial year, domestic economic activities are expected to be raised.

5-Governor admitted that challenges remain globally, but better monsoon, GST rate cuts and other policy measures will lead to inflation and economic growth will gain momentum.

6-Central bank believes that low inflation and monetary softening will lead to both investment and consumption.

7-Now it is clear that the RBI is in “Weight and Watch” mode-that is, at the moment the direction and global situation of the economy will be monitored with stable rates.

Stock market: Last week, there was a great performance in the stock market. However, this excellent performance of the market was behind the ceasefire between India and Pakistan, the consent on commercial talks between the US and China and the exchange of war printers between Ukraine-Russia. It is believed that it saw a positive impact on the market. In addition, the fall in crude oil prices and foreign investors helped in constant purchase and the Indian market to rise. In such a situation, the question is now arising that how is the market going to be a new business in the week starting on May 19?

1- Q3 released results

From May 19, the results of March quarter will start to release and more than seven hundred companies will announce their quarterly results. Among the companies whose quarterly results are to come, IndusInd Bank, ONGC, ITC, Sun Pharmaceuticals, JSW Steel, Power Grid Corporation of India, India Electronics, Hindalco Industries and Nifty 50 are.

2-Crude Oil Price

Crude oil is constantly being monitored. The reason for this is that the work price for importing countries like India is much better for its economy. Apart from this, it is expected to decrease further due to the end of trade tension between China and the US.

3- Global Economic Data

Globally, the economic data released globally is going to have a lot of impact on the market. The PMI data to be released by many countries will be monitored, as well as the economic figures of China and the inflation rate of Eurozone and Japan can also prove to be an important factor in deciding the market attitude.

4-trade agreement

President Trump said last week that he would announce new tariff rates after talks with America’s business partner countries in the coming weeks. Along with this, there has been a decrease in tension after the trade agreement between the US and China in Geneva between the US and China. Because of this, trust in investors has been born in the global market.

5-The attitude of investors

The attitude of foreign institutional investors will also play an important role in deciding the direction of the market. Talking about the previous week, FII bought shares of 15,925 crore value. Due to this, a total purchase of up to Rs 23,783 crore has been done in May. India’s GDP growth is above six per cent and it remains as the growing economy of the world. This factor will do a big job in wooing investors. Apart from this, the decrease in geopolitical stress also remains an important factor.

Also read: After Pakistan, India told Bangladesh, the Yunus government started shaking in front of Pakistan