Latest Market Trends, Economic News, and Updates in India [17-08-2023]

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The Indian economy is showing signs of recovery, with the stock market rising and the rupee strengthening. However, inflation remains a concern, and the Reserve Bank of India is expected to keep the repo rate unchanged in its next monetary policy review. Here are some of the latest market trends, economic news, and updates in India.

Latest Market Trends, Economic News, and Updates

  • The Indian stock market closed higher on Thursday, with the benchmark Sensex rising 0.8% to 54,470.83 points and the Nifty 50 index gaining 0.7% to 16,210.45 points.
  • The rupee appreciated by 12 paise to 79.82 against the US dollar in opening trade on Thursday.
  • India’s merchandise exports in June rose 23.6% year-on-year to $37.25 billion, while imports increased 37.6% to $43.06 billion.
  • The country’s trade deficit widened to $5.81 billion in June, from $3.56 billion in the same month last year.
  • The Reserve Bank of India (RBI) is likely to keep the repo rate unchanged at 4% in its next monetary policy review on August 8, according to a majority of economists polled by Reuters.
  • The RBI is expected to focus on inflation, which is currently running above its target of 6%.
  • The central bank is also likely to keep the stance of monetary policy accommodative to support economic growth.

These are just a few of the recent market trends, economic news, and updates in India. For more information, you can refer to the following websites: