Economy

Earlier in the day, the Reserve Bank of India kept its key policy rate unchanged, adopting a cautious wait-and-watch stance as policymakers assessed the impact of the six-week-long Iran conflict on energy supplies, inflation and growth.

States have been asked to operationalise the allocation and ensure compliance with the overall sectoral limits.

Further, the cabinet has also approved HPCL equity contribution of Rs 19,600 crore.

South Asia outlook dims amid energy shocks, but India remains the region's growth anchor despite rising inflation risks.

Malhotra also emphasised that the ceasefire has been taken into account in the monetary policy review.

The Reserve Bank of India's decision to hold the policy repo rate reflects a calibrated and prudent approach.

As per the existing rules from the RBI, Tata Sons, a core investment company, should have been listed by September 30 last year because it is included in a set of 15 entities in the upper layer bracket.

Besides its own heavy investments in domestic weapons production over the past two decades, Russia, China, North Korea, and Belarus have been key arms suppliers to Tehran.

IATA Director General Willie Walsh said that while crude oil flows may stabilise quickly after any reopening, the recovery in refined products such as jet fuel will take longer.

Of all Indian states, Kerala, Uttar Pradesh and Bihar are the most vulnerable to remittance shocks.

Parts of India witnessed rains, hail, thunder and snow throughout March. For AC manufacturers and dealers, this directly affects sales.

RBI MPC Meeting Today: Governor Sanjay Malhotra-led Monetary Policy Committee unanimously decided to keep the repo rate unchanged at 5.25%.

The MPC projected growth at 6.9% in FY27, supported by sustained momentum in manufacturing and services.

In a widely expected move, RBI announced no change in the repo rate amid heightened global uncertainty due to the US-Iran tensions.

The RBI MPC has kept policy rates steady, upgraded GDP forecast but also saised the inflation expectations amidst geopolitical uncertainity.

To support small businesses, the RBI proposed easing onboarding requirements for MSMEs on trade platforms, aimed at improving access to financing and reducing compliance burden.

The RBI has revised its FY26 real GDP growth forecast downward to 7.3% from the earlier estimate of 7.6%.

RBI Governor Sanjay Malhotra-led monetary policy committee pegged the full year CPI inflation for FY27 at 4.6% amid increased risk outlook and price shock due to the economic impact of the US-Iran geopolitical conflict.

Brokerage says easing geopolitical tensions offer shortterm relief for markets, but India's policy, earnings and valuation challenges remain unchanged.

This is after Trump announced temporary ceasefire with Iran, easing geopolitical tensions. The ceasefire proposal calls for a two-week pause in hostilities and the immediate reopening of the Strait of Hormuz.