Commodities
RBI Holds Rates but Flags War Risks to India's Growth and Inflation Outlook
The Reserve Bank of India (RBI) has decided to keep the repo rate steady at 5.25%, maintaining its neutral monetary policy stance. This decision comes as the RBI MPC (Monetary Policy Committee) closely watches global developments. While domestic economic growth remains robust, the central bank flagged significant risks stemming from international conflicts, particularly those impacting crude oil prices. These external factors could potentially fuel inflation in India and dampen the outlook for our GDP. The RBI Governor's commentary highlighted that elevated crude oil prices continue to be a major concern for India's economic stability. Investors and businesses are advised to monitor these dynamics closely as they will influence future interest rate decisions and the overall trajectory of the Indian economy. Lumic provides in-depth insights into these policy moves and their implications for the stock market India.
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Nifty
Regional Jewellers Line Up IPOs, Eyeing Tanishq-Like Growth
- Regional jewellers across India are increasingly turning to IPOs to fund expansion
- Family-run jewellery chains are seeking public markets to build larger national brands
- Organised jewellers are expanding beyond home markets, increasing competition in retail
Commodities
Copper and Zinc Pull Back in September, But Supply Outlook Stays Tight
- Copper slipped 0.87% WoW to ₹1,372/kg, but remains near record global price levels
- Zinc fell 0.83% WoW to ₹359/kg, even as inventories continue to tighten globally
- Both metals have pulled back, but tight supply continues to support the broader outlook