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Economy & Business

RBI may shift monetary stance to 'Neutral'; rate cuts likely by December 2024: Nuvama

RBI may shift its monetary stance to 'neutral' this month, with rate cuts expected from December, driven by weak economic activity and declining core inflation.

Cement prices will be hiked and demand will grow in H2FY25 : Centrum report

Cement demand is set to grow by 5% in FY25 with expected price hikes despite a decline due to government spending delays, floods, and monsoons, reports Centrum.

India's foreign exchange reserves cross USD 700 billion first time

India's forex reserves hit USD 704.885 billion as of September 27, 2023, providing a buffer against global shocks and stabilizing the rupee. RBI manages market volatility.