The monetary policy committee held the policy rate steady and retained its growth forecast, citing easing food prices and stable core inflation.
Mumbai: The monetary policy committee held the policy rate steady and retained its growth forecast, citing easing food prices and stable core inflation.
Market participants said the numbers reflect a broad-based recovery in consumption, with rural demand finally catching up with urban markets.
Analysts at domestic brokerages expect the momentum to continue through the festive quarter, though they cautioned that global cues remain volatile.
Small businesses in Karnataka are seeing better order visibility than last year, and that is translating into higher working-capital demand, said a Bengaluru-based chartered accountant.
Investors will now watch quarterly earnings, monsoon-linked rural indicators and global interest-rate signals for the next direction.
DBNEWS will continue to track this story and update readers as more details emerge. Follow DBNEWS for the latest from Mumbai, Karnataka and across India.
Comments (2)
Very informative report. Hope the work finishes on time.
Good to see Bengaluru getting this attention finally!