RBI monetary policy today – Bank Nifty and Options Trading Special Tips

RBI monetary policy today: Reserve Bank of India will probably hold interest rates at a seven-year-low on today as growth recovers, while investors will focus on whether inflation has quickened decisively enough to signal future tightening.

RBI monetary policy today

The repurchase rate will stay at 6%, according to 42 of 48 economists in a

Bloomberg survey, with the rest seeing a cut to 5.75%.

The RBI is expected to retain its growth and inflation forecasts

which indicate price pressures will rise above the 4% medium-term target by the end of March.

Check: How to trade in nifty options for intraday gain

The monetary authority will announce its decision at 2:30pm in Mumbai followed by a press conference 15 minutes later.

RBI monetary policy today

Growth recovering: Growth in gross domestic product picked up to 6.3% in July-September from a year ago.

Halting five quarters of deceleration as manufacturing rebounded.

However capacity utilization is still low at 70%, signalling slack demand conditions, credit remains subdued and a private gauge on Tuesday showed the dominant services sector contracted in November, raising concerns about the pace of recovery.

Inflation quickens: Supply chains have been disrupted across India following the roll out of a new consumption tax in July.

Prime Minister Narendra Modi’s withdrawal last year of high-value currency notes.

That’s also contributing to a surge in prices, together with rising global oil costs and higher wages for government employees.

Liquidity tightening: Investors would also want to know the central bank’s stance on tightening liquidity conditions.

The RBI has mopped up Rs90,000 crore through open market bond sales between July and November, on top of debt sold by federal and state governments.

RBI monetary policy today we share some trading idea below.

Excess liquidity with banks is down to around Rs70,000 crore from a peak of more than Rs5 trillion in March, according to the Bloomberg Economics India Banking Liquidity Index. T

Source: Bloomberg

Trading Tips for today

Nifty Future: Sell Nifty around 10105 stop loss 1025 target 10065 you can buy from 10052 with stop loss 10036 may it recover again up too 10095.

Bank Nifty Future: Buy Bank Nifty around 24980 level stop loss 24920 target 25100 on higher level sell bank nifty around 25133 stop loss 25180 target 23980

Bank Nifty 25300 CE: Buy Bank Nifty 25300 Ce around 16 stop loss 7 target 65+

SBI: buy sbi around 312 stop loss 309 target 340+ in short term.

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