The Reserve Bank of India is expected to increase its policy rate by half a point for the third time in a row as the currency’s plunge to a record low this month complicates the battle against inflation.
The Reserve Bank of India’s six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 34 of 46 economists surveyed by Bloomberg as of Thursday. Eleven forecast the rate will rise by 35 basis points to 5.75%, while one sees a quarter-point increase.
Governor Shaktikanta Das may opt to dial up his hawkish rhetoric from his tone at the August meeting when he pledged to do “whatever it takes” to cool inflation that has stayed above 6% this year. Since then, India’s price gains quickened anew and the currency slump deepened as the Fed raised rates by 75 basis points for a third consecutive time and amplified a hawkish signal while warning of a painful slowdown needed to curb US inflation.
Poco starts sale of 12GB RAM and 256GB variant of Poco X6, prices it Rs 20,999
Poco initiates sale of its new Poco X6 variant with 12GB RAM and 256GB storage, priced at Rs 20,999. The phone offers impressive features and additional discounts through card transactions, EMI payments, or product exchange.
- Poco starts selling 12GB RAM and 256GB variant of Poco X6 at Rs 20,999
- The new variant is exclusively available on Flipkart in two colours: Mirror Black and Snowstorm White.
- Additional discounts available with ICICI Credit/Debit cards, EMI payments, or product exchange offer
Poco’s newly launched Poco X6 is all set to go on its first sale today. Touted as one of the most powerful phones in the mid-range categories, the Poco X6 is available for as low as Rs 20,999. However, you are required to have the eligible cards in order to get the device at a discounted rate. The Poco X6 comes with the Snapdragon 7s Gen 2 processor coupled with up to 12GB of RAM.
Adani-Hindenburg case: Supreme Court says no ground to transfer SEBI probe
The Supreme Court on Wednesday refused to interfere with the Securities and Exchange Board of India (SEBI) probe into the Adani-Hindenburg case. In its verdict, the Supreme Court held that there was ‘no ground to transfer the investigation from SEBI to SIT (Special Investigation Team)’, saying the George Soros-led Organised Crime and Corruption Reporting Project (OCCRP)’s report can’t be the basis for doubting the SEBI report.
Ratan Tata turns 86: Internet shares heartwarming birthday posts. See here
Ratan Tata, the Chairman Emeritus of Tata Group, turned 86 on December 28. Social media platforms were abuzz with heartfelt birthday wishes for the industrialist.
Known for his visionary leadership and philanthropic endeavours, Ratan has been a beacon of inspiration in the business world. He assumed the role of Chairman of the Tata Group in 1991, transforming it into a global powerhouse with significant acquisitions such as Tetley and Jaguar Land Rover.