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MARKETS AWAIT RBI POLICY AMID GDP SLOWDOWN
The Daily Guardian
|December 02, 2024
The upcoming week brings the RBI MPC's monetary policy review, where policymakers' interpretation of the GDP data and their stance on the rate trajectory will be crucial.
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Domestic stock indices are now awaiting RBI monetary policy decisions, for fresh market cues, during the week that starts Monday. India's Gross Domestic Product (GDP) witnessed a setback, hitting 5.4 per cent, which is the slowest growth in two years.
Post weakness in recent weeks, the domestic stock markets staged some comeback during the past week with most of the indices posting weekly gains. The Sensex 30 and the Nifty 50 indices gained 1 per cent during the week cumulatively, marking the second consecutive week of advances amid mixed cues.
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