_media/bs/ado/article-speech/123060800116-1686216359468.mp3

RBI MPC Policy LIVE: Catch live updates from RBI's monetary policy announcement here

RBI, SHAKTIKANTA DAS, RESERVE BANK OF INDIA

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		Rs 2,000 notes worth Rs 3.62 trillion were in circulation at the end of March 2023. Notes worth Rs 1.8 trillion have come back, the RBI Governor said while addressing the press conference.</div>
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	The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), on Thursday, announced its decision not to raise the repo rate. While announcing the decision, RBI Governor Shaktikanta Das said that the MPC took the decision unanimously.</div>
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	&quot;The MPC decided unanimously to keep the policy change unchanged at 6.5 per cent,&quot; Das said.&nbsp;</div>
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	He added that the MPC decided, by a majority of 5 out of 6, to continue with its stance of &quot;withdrawal of accommodation&quot;. The MPC will take further decisions &quot;promptly and appropriately as required,&quot; he added.</div>
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The monetary policy panel began deliberations on Tuesday amid expectations that the central bank will keep the benchmark interest rates unchanged at 6.5 per cent on the back of easing retail inflation and the need to push economic growth.<br />
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Between May 2022 and February this year, the repo rate has been hiked by 250 bps to 6.5 per cent. In April, the MPC decided to hit the pause button on rate hikes. RBI Governor Shaktikanta Das emphasised that it was a pause and not a pivot while retaining the possibility of further tightening.

RBI MPC LIVE updates: Roughly 50% of Rs 2000 notes have come back, says Das

Business Standard

Pegatron has asked independent surveyors to assess the fire damage, a fifth source said


Company aims to scale drone operations in Uttarakhand and NE India

Chhattisgarh Assembly elections: Congress leader Rahul Gandhi was accompanied by Chief Minister Bhupesh Baghel, Deputy Chief Minister T S Singhdeon, and Congress state president Deepak Baij


The Election Commissioner of India is expected to notify the assembly elections on October 6


As per the Supreme Court order, Tamil Nadu is yet to receive 11,000 cusecs water, which he said is likely to be provided by tomorrow


IREF argued that though railways implemented recommendations of 7th Pay Commission on January 1, 2016, yet PLB still been calculated and paid based on minimum salary fixed by 6th Pay Commission


The PRIP scheme has two main components - the first one would focus on infrastructure building


Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

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After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
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Brazil elections

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

Inflation may inch down in May-June, indicates Monetary Policy Committee

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	Retail price inflation may inch down slightly in May and June or remain flat in one of the months compared to 4.7 per cent in April, if projections of the Monetary Policy Committee (MPC) prove to be true. The MPC, which met for three days ended Thursday, pegged the Consumer Price Index (CPI)-based inflation rate at 4.6 per cent for the first quarter of the current financial year against 5.1 per cent, forecast in the April policy.<a href="https://www-business-standard-com-nalsar.knimbus.com/economy/news/inflation-may-inch-down-in-may-june-indicates-monetary-policy-committee-123060800389_1.html"> Read more...</a></div>
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Real estate experts say RBI decision can improve housing demand

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	Shishir Baijal, chairman and managing director at Knight Frank India, said, &quot;We believe that this status quo will facilitate positive decision-making for home buyers...the trajectory of India&#39;s economic growth will be beneficial. Despite a significant increase in interest rates, the sector has been performing well. Real estate loan demand from both housing and commercial segments has remained strong, despite a 150 bps rise in the base lending rate (MCLR) over the past year. However, we remain cautious about the industry, as the complete transmission of the repo rate hikes to lending rates is yet to be observed.&quot; <a href="https://www-business-standard-com-nalsar.knimbus.com/finance/news/rbi-monetary-policy-repo-rate-unchanged-what-do-experts-say-about-it-123060800453_1.html">Read more...</a></div>

Long wait for rate cut cycle as inflation remains higher than the 4 per cent target: Vikas Garg

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	Vikas Garg, head of fixed income at Invesco Mutual Fund, said, &quot;Overall, a pause was expected with a lesser likelihood of further rate hikes. Nonetheless, a long wait for the rate cut cycle as inflation remains higher than the 4 per cent target.&quot;</div>
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Projected growth rate for Q1 at 8% in FY24 is likely to get tested: Ranen Banerjee

&quot;The MPC expectedly continued with the rate pause as the inflation prints have come well within the tolerance band of 2 to 6 per cent and growth concerns persist. The stance has been kept as a withdrawal of accommodation as that is the signalling the RBI wants for keeping the inflationary expectations anchored. The FY24 growth rate projection of 6.5 per cent is more on the optimistic spectrum band as the number of downside risks listed are quite many. The projected growth rate for Q1 at 8 per cent in FY24 is likely to get tested despite the holding up of demand in the first two months of the year&quot;, Ranen Banerjee, partner of economic advisory services at PwC India, said. Read more expert views <a href="https://www-business-standard-com-nalsar.knimbus.com/finance/news/rbi-monetary-policy-repo-rate-unchanged-what-do-experts-say-about-it-123060800453_1.html?1686212209">here</a>

We expect RBI to maintain status quo on rates this fiscal, initiate cuts in 2024: Chief Economist at CRISIL

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	&quot;The central bank remains vigilant of global volatility. Even as central banks in major advanced economies have reduced the pace of rate hikes, inflation rules above their target and faces upside risks from tight labour market conditions. We expect RBI to maintain status quo on rates this fiscal and initiate cuts in the January-March quarter of 2024&quot;, says Dharmakirti Joshi, Chief Economist at CRISIL.</div>
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We expect pause on policy rates through CY2023 while modulating system liquidity: Achala Jethmalani

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	&quot;In a no surprise move, monetary policy maintained a status-quo on policy rates and stance. It remains in a &#39;wait and watch&#39; mode and vigilant on inflation trajectory. We expect a pause on policy rates through CY2023 while modulating system liquidity. The window for policy pivot to rate cuts could open-up in the first half of CY24, if inflation trajectory warrants given that growth remains robust.&quot; says&nbsp;Achala Jethmalani, Economist, RBL Bank</div>

Amid volatile global economic scenario it is prudent that RBI followed a wait-and-watch strategy: Rajani Sinha

&quot;While the RBI decided to keep the policy rates unchanged for the second consecutive meeting, it has continued to emphasize on bringing the retail inflation closer to the target of 4 per cent. Amid a volatile global economic scenario and lingering risks to domestic inflation, it is prudent that the RBI has followed a wait-and-watch strategy. While RBI has marginally lowered the CPI inflation projection for FY24 to 5.1 per cent, it has emphasized on the inflationary risks. The policy stance on &lsquo;withdrawal of accommodation&rsquo; is reflective of RBI&rsquo;s guarded approach towards inflation as it reiterated that inflation remains above target and remaining within the tolerance band is not enough. Going ahead, with the domestic growth holding up well, we have raised our GDP growth projection to 6.5 per cent for FY24 (from previous projection of 6.1 per cent). With concerns on growth front abating and CPI inflation likely to remain above the 4 per cent target, we expect a status quo on the policy rates in 2023&quot;, says&nbsp;Rajani Sinha, Chief Economist, CareEdge Ratings.

We would like to see sustained momentum toward the alignment of inflation with the headline target: Das

We would like to see sustained momentum towards the alignment of inflation with the headline target, the RBI Governor said.

RBI Guv reiterates 'pause not a pivot' stance on repo rate

It is a pause in this meeting of MPC. I reiterate what I said in the last meeting about the pause and not a pivot.

We have no plans to regulate financial influencers as Sebi is already on it: RBI Guv

We have no plans to regulate financial influencers as Sebi is already on it, says the RBI Guv

Monetory policy decisions actions are determined by domestic factors: RBI Guv

The RBI Guv said even as the monetory policy decisions are driven by domestic factors, we do keep a track of what International banks are doing.&nbsp;

No such information with me, RBI Guv on issuance of Rs 1000 note and withdrawal of Rs 500 notes

&nbsp;On issuing of Rs 1000 note and withdrawal of Rs 500 notes the RBI Governor said no such information with me. He warned against any such speculation.&nbsp;

No room for complacency, prospects for growth are steadily improving: RBI Guv

<span style="color: rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 11px;">Future action will depend on evolving situation. No room for complacency and prospects for growth are steadily improving. RBI&#39;s liquidity management will be nimble, RBI Guv Das said.&nbsp;</span>

No specific date for opening up of digital rupee for the common public, says RBI Guv

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	No specific date decided for CBDC rollout, target is 1 mn customer by June end, says RBI Governor. The RBI also plans to make&nbsp;CBDC QR code interoperable with UPI.</div>
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Jayanth R Varma expressed reservations on withdrawal of accommodation: RBI Guv

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	&quot;The cumulative rate hike of 250 basis points undertaken by the MPC is transmitting through the economy and its fuller impact should keep inflationary pressures contained in the coming months. Monetary policy would need to be carefully calibrated for alignment of inflation with the target. Against this backdrop, the MPC decided to keep the policy repo rate unchanged at 6.50 per cent,&quot; the RBI Governor said.&nbsp;</div>
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	Das added that the MPC decided, by a majority of 5 out of 6, to continue with its stance of &quot;withdrawal of accommodation&quot;. &quot;Jayanth R Varma expressed reservations on this part of the resolution,&quot;&nbsp;&nbsp;<a href="https://www-business-standard-com-nalsar.knimbus.com/finance/news/rbi-policy-rbi-mpc-unanimously-decides-to-keep-repo-rate-unchanged-at-6-5-123060800234_1.html">Read more...</a></div>
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Indian shares rise after RBI keeps repo rate unchanged at 6.5%

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	Indian shares rose on Thursday, with the benchmarks closing in on all-time highs, after the Reserve Bank of India (RBI) maintained key policy rates, as widely expected. The blue-chip Nifty 50 index was up 0.23% at 18,770.20 as of 10:44 a.m. IST, while the benchmark S&amp;P BSE Sensex rose 0.23% to 63,285.99. Both the indexes were up 0.12% ahead of the RBI rate decision.</p>
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	The RBI&#39;s monetary policy committee (MPC) left the repo rate at 6.50% for a second straight meeting. <a href="https://www-business-standard-com-nalsar.knimbus.com/markets/news/indian-shares-rise-after-rbi-keeps-repo-rate-unchanged-at-6-5-in-mpc-meet-123060800297_1.html?1686204368">Read more...</a></p>

Explained: Repo rate unchanged at 6.5%, worst over for home loan borrowers

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	A repo rate pause signals that the RBI is maintaining a status quo until the economy improves substantially. This is good news for home loan borrowers as it signals that interest rates appear to be stabilising. <a href="https://www-business-standard-com-nalsar.knimbus.com/finance/personal-finance/explained-worst-over-for-home-loan-borrowers-as-repo-rate-unchanged-at-6-123060800285_1.html">Read more...</a></div>

RBI to issue RuPay forex cards, guidelines on default loss guarantee arrangement in digital lending

The RBI will issue guidelines on default loss guarantee arrangement in digital lending for orderly development of the eco-system and improve credit penetration, Governor Shaktikanta Das said.&nbsp;

Scheduled Commercial Banks can now set their own limits for borrowing: RBI Guv

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	To provide greater flexibility in liquidity management, the scheduled commercial banks (SCBs) excluding small finance banks can now set their own limits for borrowing in call and notice market within the prudential limits, RBI Governor Shaktikanta Das said.&nbsp;</div>

Goal is to achieve inflation target of 4%, keeping inflation within comfort band of 2-6% is not enough: Das

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	In his speech, Das also said that India&#39;s forex reserves stood at $595.1 billion on June 2. Moreover, the current account deficit is expected to have moderated further in the last quarter of the previous financial year and &quot;should be eminently manageable&quot; in FY24.<br />
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	&quot;Our goal is to achieve the inflation target of 4% and keeping inflation within the comfort band of 2-6% is not enough,&quot; Das said. <a href="https://www-business-standard-com-nalsar.knimbus.com/finance/news/rbi-policy-rbi-mpc-unanimously-decides-to-keep-repo-rate-unchanged-at-6-5-123060800234_1.html">Read more...</a><br />
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Forex reserves are at comfortable levels, says RBI Governor

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	Indian rupee has remained stable since January this year, the RBI Governor said.&nbsp; Domestic demand condition remains supportive of growth; rural demand on revival path, he added.&nbsp;</div>
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Current account deficit expected to moderate further in Q4, remains eminently manageable: RBI Guv

Current account deficit expected to moderate further in Q4, remains eminently manageable, says RBI Guv

Need to maintain Arjuna's eye on evolving inflation scenario, says RBI Guv

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	RBI lowers retial inflation projection to 5.1% during FY&#39;24 from earlier estimate of 5.2%</div>
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	Average system liquidity is in surplus mode and could increase as Rs 2,000 notes get deposited in banks, the RBI Guv said. The RBI has kept MSF rate unchanged at 6.75%.</div>
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RBI Policy: MPC votes to extend pause, keeps repo rate unchanged at 6.5%

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	The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), on Thursday, announced its decision not to raise the repo rate. While announcing the decision, RBI Governor Shaktikanta Das said that the MPC took the decision unanimously.</div>
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	&quot;The MPC decided unanimously to keep the policy change unchanged at 6.5 per cent,&quot; Das said.&nbsp;</div>
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	He added that the MPC decided, by a majority of 5 out of 6, to continue with its stance of &quot;withdrawal of accommodation&quot;. The MPC will take further decisions &quot;promptly and appropriately as required,&quot; he added. <a href="https://www-business-standard-com-nalsar.knimbus.com/finance/news/rbi-policy-rbi-mpc-unanimously-decides-to-keep-repo-rate-unchanged-at-6-5-123060800234_1.html">Read more...</a></div>
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GDP projection unchanged in FY24 at 6.50%, says RBI Governor

GDP projection unchanged in FY24 at 6.50%, says RBI Governor.&nbsp;RBI retains growth projection at 6.5% for FY&#39;24, expects 8% growth in Q1, 6.5% in Q2, 6% in Q3 and 5.7% in Q4

Headline inflation is still above target and is expected to remain so according to our projections: RBI Guv

Headline inflation is still above the target as per the latest data and is expected to remain so according to our projections, says the RBI Guv

Close and continued vigil on evolving inflation is absolutely necessary: RBI Guv

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	Pace of global economic activity to decelerate due to geopolitical situation, says RBI Guv.&nbsp;MPC decided to remain focussed on withdrawal of accommodation of policy stance, he added.</div>
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MPC decided by a majority of 5 out of 6 members to remain focused on withdrawal of accomodation

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	MPC has decided by a majority of five out of 6 members to remain focused on withdrawal of accomodation, says the RBI Governor&nbsp;</div>

We can derive satisfaction from the fact that Indian economy and fin sector stand out as resilient, says Das

We can derive satisfaction from the fact that Indian economy and financial sector stand out as resilient. RBI has continued on focusing stability. Domestic macro fundamentals are strengthening, says RBI Governor Shaktikanta Das

Indian shares open higher ahead of RBI monetary policy decision

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	Indian shares opened higher on Thursday, with the benchmarks closing in on all-time highs, ahead of the Reserve Bank of India&#39;s (RBI) monetary policy decision in which the central bank is widely seen holding key rates steady. The blue-chip Nifty 50 index was up 0.10% at 18,747.10 as of 9:16 a.m. IST, while the benchmark S&amp;P BSE Sensex rose 0.11% to 63,211.01. The RBI&#39;s rate decision is due to be announced at 10:00 a.m. IST and the monetary policy committee (MPC) is expected to leave the repo rate at 6.50% for a second straight meeting.</p>
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	The RBI has raised the repo rate by a total of 250 basis points since May 2022 to keep inflation in check, before opting for a pause at the previous meeting.</p>

Bond yields ease amid a surge in liquidity surplus, ahead of RBI's policy

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	Yields on the government bonds eased on Tuesday amid a surge in liquidity surplus and ahead of the Reserve Bank of India&rsquo;s (RBI&rsquo;s) monetary policy review.</div>
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	The three-day monetary policy committee (MPC) meeting started on Tuesday.&nbsp; The panel is expected to keep interest rates unchanged. The yield of the 10-year benchmark government bond eased 2 basis points (bps) to close at 6.98 per cent. The five-year bond yield also ended 2 bps lower at 6.9 per cent.</div>
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	&ldquo;India&rsquo;s macroeconomic conditions have strengthened substantially over the past few months. Inflation has fallen and the current account dynamics have improved noticeably. Weaker global demand is weighing down most commodity prices while the bulk of earlier supply congestion seems behind us. These also augur well for inflation going forward, even as the upcoming rains will need to be monitored closely. Finally, liquidity conditions have improved markedly over the past few weeks,&rdquo; said Suyash Choudhary, head (fixed income), Bandhan AMC.<br />
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	&ldquo;Bond yields are reflecting these positives as well as market confidence that India&rsquo;s rate cycle has peaked. Also, owing to the macro narrative having improved, global bond volatility is no longer transmitting as much to India unlike what was the case for most of last year,&rdquo; Choudhary added. <a href="http://After raising the repo rate by 250 bps to 6.5 per cent between May 2022 and February 2023, the MPC decided to pause in the April review of the monetary policy. RBI Governor Shaktikanta Das emphasised that it was a pause and not a pivot while retaining the possibility of further tightening. The yield on the 10-year benchmark government bond eased 33 bps in 2023-23." rel="nofollow">Read more...</a></div>

Indian rupee to fall at open tracking yuan slide, eyes RBI's MPC outcome

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	The Indian rupee is poised to open lower on Thursday, pressured by the Chinese yuan-led fall in Asian currencies, while awaiting the Reserve Bank of India&#39;s decision on interest rates. Non-deliverable forwards indicate the rupee will open at around 82.60 to the U.S. dollar, compared with 82.5475 in the previous session.</p>
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	&quot;There is not much to read into the likely higher opening (for USD/INR),&quot; a trader said. &quot;Let&#39;s hear from the RBI, though I think the outcome is more likely to move premiums than spot.&quot; The RBI is widely expected to keep the key policy rate at 6.50% in its decision at 10.00 a.m. IST. The focus will on comments around the trajectory of interest rates and inflation. A few economists have not ruled out the possibility of the RBI changing its policy stance to &quot;neutral&quot;.</p>
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	A change in stance would lead to &quot;another dip in premiums&quot;, the trader said. The 1-year USD/INR forward implied yield is hovering just above its lowest level this year. <a href="https://www-business-standard-com-nalsar.knimbus.com/finance/news/indian-rupee-poised-to-open-lower-tracking-yuan-slide-eyes-on-rbi-outcome-123060800143_1.html?1686195311">Read more...</a></p>

CPI inflation declined to an 18-month low of 4.7 per cent (YoY)  in April

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	The consumer price index-based (CPI) inflation &ndash; the main yardstick for monetary policymaking &ndash; in April declined to an 18-month low of 4.7 per cent year-on-year (YoY) (from 5.7 per cent YoY in March), well within the RBI&#39;s 2-6 per cent target band. It had maintained its stance of &quot;withdrawal of accommodation&quot; in the April meeting. <a href="https://www-business-standard-com-nalsar.knimbus.com/finance/news/rbi-monetary-policy-set-to-be-announced-tomorrow-what-to-expect-123060700698_1.html">Read more...</a></div>

MPC is likely to keep its benchmark repo rates unchanged: Assocham

The MPC is likely to keep its benchmark repo rates unchanged today in the backdrop of continuing volatility in global commodity prices, financial markets and supply chain constraints, besides domestic factors like monsoon prospects, Assocham said on Wednesday, according to media reports.&nbsp;

Indian equity benchmarks rose to end at their highest level in 6 months on hopes that RBI continue rate pause

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	Indian equity benchmarks rose to end at their highest level in six months amid buying by foreign portfolio investors (FPI) and hopes that the Reserve Bank of India (RBI) will keep the rates unchanged on Thursday. The Sensex ended the session at 63,143, a gain of 350 points or 0.5 per cent. The Nifty closed at 18,726, up 127 points or 0.7 per cent. For the Sensex and the Nifty, the latest close is the highest since December 1, 2022, the day they logged their all-time closing high of 63,284 and 18,813, respectively.<br />
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	Given the strong momentum in the market, the indices will log new highs in a day or two, said experts. <a href="https://www-business-standard-com-nalsar.knimbus.com/markets/news/benchmark-indices-end-at-six-month-ahead-of-rbi-policy-rates-decision-123060700798_1.html">Read more...</a></div>
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RBI MPC LIVE updates: Roughly 50% of Rs 2000 notes have come back, says Das

RBI MPC Policy LIVE: Catch live updates from RBI's monetary policy announcement here

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