New Delhi, June 21 (IANS) The Reserve Bank of India (RBI) is likely to maintain its wait-and-watch approach and keep the repo rate unchanged at 5.25 per cent in upcoming monetary policy meetings as easing geopolitical tensions reduce uncertainty and allow policymakers to focus on incoming economic data, according to a report.As per analysis by BofA Securities, the conclusion of the US-Iran peace agreement has eased a key source of global uncertainty, giving the central bank more room to remain d…
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Mumbai, Feb 3 (IANS) Global and Indian brokerages on Tuesday largely welcomed the India–US trade deal, calling it a major positive for India’s economy, corporate earnings and foreign investment sentiment. The strong endorsement from financial experts was reflected in the stock markets, with the Sensex soaring over 4,200 points during intraday trade to touch a record high of 85,871.73.Brokerages believe the reduction in reciprocal tariffs on Indian exports to the US will ease pressure on Indi…