RBI holds rates amid global market turbulence
pre-market1 source ↓written by the desknot a recommendation
- in the Nifty
- 6% drop
The Reserve Bank of India has maintained its key interest rates, citing a "Goldilocks" scenario for growth and inflation. Meanwhile, Indian equities have shown resilience with the Sensex and Nifty rising 1.5% this week, despite a 6% drop in the Nifty IT index due to global tech selloffs. This stability may bolster investor confidence in the near term.
Not investment advice. For informational purposes only.