RBI MPC meet: Economists and analysts expect a rate hike of 50 bps and more

 
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RBI MPC meet: Economists and analysts expect a rate hike of 50 bps
 
RBI Monetary Policy Committee meeting: A poll conducted by Business Today showed that a majority of respondents believe that the RBI will go for a 50 bps rate hike.
 
 
 
 
 
 
 
 
 
Markets
 
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On Thursday, the Sensex fell 188 points to end at 56,409. During the day, the index rose 568 points to 57,166. How will the markets fare today? Take a look at the experts' views.
 
 
 
 
 
 
 
 
 
In Focus
 
India's current account deficit rises 2.8% to USD 23.9 billion in Q1of FY23
 
The rise was mainly on the account of a high trade deficit, which was USD 68.6 billion compared to USD 54.5 billion in the previous quarter (Q4 of 2021-22).
 
 
 
 
 
 
 
 
 
Economy
 
Export Promotion Councils asked for deferment of new Foreign Trade Policy by 6 months: Piyush Goyal
 
"There are 40-50 export promotion councils (EPCs) in India and many of them asked for the delay and for aligning the policy with the financial year," Goyal said.
 
 
 
 
 
 
 
 
 
BT Poll
 
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Festive Sales
 
Festive sales: E-commerce firms sold 11,000 crore worth of mobile phones in 4 days
 
Almost 60-70 lakh mobile phone units were sold on Flipkart, Amazon, and other e-commerce platforms in the festive sales.
 
 
 
 
 
 
 
 
 
Corporate
 
Reliance Retail launches premium fashion-lifestyle store Azorte in Bengaluru
 
The new Reliance Retail store, which is around 18,000 square feet big, will compete with global and Indian brands in the mid-premium fashion segment, and cater to millennials and Gen Z.
 
 
 
 
 
 
 
 
 
BT Magazine
 
Air India wants to capture 30% market share by 2027: Here's a peek into its plan
 
With competition set to intensify due to the launch of new airlines, Air India needs to target higher than the trendline market growth rate to achieve its target.
 
 
 
 
 
 
 
 
 
Industry
 
Despite the looming global recession, this expert believes India's exports industry is safe
 
Sunil Talati, Chairman, Services Export Promotion Council (SPEC), an export promotion council set by the government, told BT that exports-led growth is usually a challenge during a recession, but India is in a good place compared to the bigger economies.
 
 
 
 
 
 
 
 
 
BT TV
 
SBI's projections on the interest rate hikes by the RBI's MPC
 
Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI in conversation with Siddharth Zarabi, Managing Editor, Business Today TV says that RBI's MPC is likely to announce a hike of 50 bps points in the interest rate as they conclude their meeting.
 
 
 
 
 
 
 
 
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