The Indian central bank’s rate-setting panel, the Reserve Bank of India (RBI), faces a food-driven spike in inflation at its upcoming meeting, the final one before the committee’s external members exit. This meeting is crucial as it occurs before several key policymaker changes scheduled in the coming months.

Inflation target evades RBI’s rate panel as rejig looms

Companies including Infosys, SBI, Titan, Britannia Industries, Divis Labs, Ambuja Cements, Bank of India and more may remain under the spotlight before the opening bell on Monday, August 6.

Stocks in news: Infosys, SBI, Titan, Airtel, Britannia, Divis Labs and Ambuja Cements

Bank Of India Healthy Q1: Outlook On NIMs, Stress On MSME & Deposits Growth | Rajneesh Karnatak

Corporate Radar | Bank of India के मैनेजमेंट से नतीजों और ग्रोथ आउटलुक पर चर्चा

Net NPA Should Improve And Come Down To 0.90% By March'25: Bank of India | CNBC TV18

The Indian rupees status shifted from emerging Asias best-performing currency to one of the worst this quarter, driven by stock outflows and high dollar demand. Analysts forecast further depreciation, especially if the Reserve Bank of India turns dovish. Despite RBIs stabilizing efforts, the currency is anticipated to weaken gradually amidst ongoing market pressures.

Rupee set to keep tiptoeing to new lows as policy pivot in focus

On Monday, the Indian rupee reached a record low of 83.78 against the U.S. dollar, down from 83.75 the previous day. This decline followed poor U.S. job data, sparking fears of foreign funds exiting India and other emerging markets. The Reserve Bank of India may permit further depreciation to 83.90, as per a public sector bank trader.

Rupee drops to lifetime low on outflow worries

Key factors to watch include the Reserve Bank of India’s (RBI) monetary policy, corporate earnings, and oil prices. The BSE Sensex fell by 351 points to close at 80,982, while the Nifty 50 dropped 117 points to 24,718.

Manic Monday for Dalal Street? Report claims Iran may attack Israel ‘as early as tomorrow’

The gold bonds were issued at a price of Rs 3,119 per gram in August 2016 by the Reserve Bank of India (RBI). The RBI has designated August 5, 2024, as the final redemption date for the scheme.

Sovereign Gold Bonds: RBI fixes final redemption price at Rs 6,938 for SGB August 2016 issue

NII was up 6% YoY to Rs 6,275 crore in Q1FY25, compared to Rs 5,915 crore in Q1FY24, aided by robust growth in advances

Bank of India’s Q1 net profit rises 10% to Rs 1,703 cr, NII up 6%

Total Operating Income rise 18.03% to Rs 17045.63 crore

Bank of India consolidated net profit rises 20.92% in the June 2024 quarter

Hasn't fared well - amongst the low performers

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Can be considered moderately valued vs the market

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Lagging behind the market in financials growth

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Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

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Good time to consider, stock is not in the overbought zone

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Promoter pledged holding

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Inflation target evades RBI’s rate panel as rejig looms

Stocks in news: Infosys, SBI, Titan, Airtel, Britannia, Divis Labs and Ambuja Cements

News Video

Bank Of India Healthy Q1: Outlook On NIMs, Stress On MSME & Deposits Growth | Rajneesh Karnatak

News Video

Corporate Radar | Bank of India के मैनेजमेंट से नतीजों और ग्रोथ आउटलुक पर चर्चा

News Video

Net NPA Should Improve And Come Down To 0.90% By March'25: Bank of India | CNBC TV18

Rupee set to keep tiptoeing to new lows as policy pivot in focus

Rupee drops to lifetime low on outflow worries