That the MPC will keep the repo rate unchanged is now mostly a given. Considering that the macroeconomic situation has changed substantially since April 2022, analysts think it is time now for MPC to change the stance or at least tweak the phrasing to reflect the new reality.

Funds raised through commercial papers rose 5% in May as a 47% jump in issuances by non-banking finance companies offset a fall in issuances by housing finance and manufacturing companies.

For the first time ever, India's basmati rice exports are set to exceed $5 bln in FY24, All India Rice Exporters Association Executive Director Vinod Kaul tells Informist.

The GDP growth data for the March quarter sprang a surprise, showing broad-based growth across the economy. Agriculture, in particular, recorded buoyant growth, and this is likely to sustain in the current financial year as well, say economists.

Policy watchers are now increasingly comfortable with the narrative that the Monetary Policy Committee can afford to keep the repo rate at 6.50% this fiscal year, with inflation moving closer to its medium-term target of 4% and growth still buoyant.