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RBI to hold rates at 6.50% through mid-2024, cut seen in Q3: Reuters poll

BENGALURU, Dec 1 (Reuters) – The RBI will keep its key interest rate unchanged at 6.50% for a fifth consecutive meeting on Dec. 8 as inflation worries ebb, according to a Reuters poll of economists who unanimously expect the central bank’s next move to be a cut. Despite inflation falling to a four-month low of 4.87% in October, it is expected to remain above the RBI’s 4% medium-term target for at least another two years. That is likely to keep the RBI from changing its hawkish bias anytime soon. All 64 economists in the Nov. 17-30 Reuters poll expected the

Exit polls puts BJP ahead in MP, Rajasthan; advantage Congress in Chhattisgarh, Telangana

New Delhi, Nov 30 (PTI) Most exit polls on Thursday put the BJP ahead in Madhya Pradesh and gave it an edge in Rajasthan while predicting that it was advantage Congress in Telangana and Chhattisgarh. India Today-Axis My India, Today’s Chanakya and India TV-CNX predicted a big victory for the BJP in Madhya Pradesh. While most pollsters predicted an edge for the BJP in Rajasthan, three exit polls in their upper limit forecast a Congress win in the desert state. Pollsters also indicated that there was a possibility of a hung House in Mizoram with Zoram People’s Movement (ZPM) locked

India’s ruling BJP, opposition Congress in tight race to win state elections-exit polls

NEW DELHI, Nov 30 (Reuters) – India’s main opposition Congress party is likely to win two of five state assembly elections while it is in close contest with Prime Minister Narendra Modi’s ruling nationalist party in two heartland states, TV exit polls showed on Thursday. The state elections are seen as a big test of Modi’s chances of winning a third term in a national vote due by next May. More than 160 million people – or about one-sixth of India’s total electorate – were eligible to vote in the regional polls, which were held in four legs ending on

Singapore, Zurich world’s most expensive cities – EIU

HONG KONG, Nov 30 (Reuters) – Singapore and Zurich tied for the world’s most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over. On average, prices have risen by 7.4% year on year in local currency terms for over 200 commonly used goods and services, a drop from the record 8.1% increase last year but still “significantly higher than the trend in 2017-2021,” it said in a report. Singapore regained the top of the rankings for the

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