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RBI keeps repo rate unchanged at 6.5%; Sensex, Nifty rise for 5th day in a row; more

The Reserve Bank of India on Thursday hit the pause button and decided to keep key benchmark policy rate at 6.5 per cent even as inflation is trending above its tolerance level.

The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022.

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) will not hesitate to take action in the future.
 

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Video: Yogi Adityanath gifts saffron gamcha to Suvendu Adhikari at his oath-taking

Yogi Adityanath on Saturday presented a saffron gamcha to Suvendu Adhikari, shortly after the latter took oath as the first BJP Chief Minister of West Bengal. The crowd also erupted into a loud cheer as the scene unfolded at the swearing-in ceremony in Kolkata. This was at least the second such instance in recent weeks when the duo's bonhomie was witnessed publicly. Earlier, during the election campaign in the state, a powerful scene was witnessed when Adhikari bowed down at the feet of the UP Chief Minister as a mark of respect.

Video: PM Modi hugs, touches feet of 98-year-old BJP veteran in Bengal

Prime Minister Narendra Modi on Saturday hugged and honoured 98-year-old Makhanlal Sarkar, one of the earliest and senior most members of the BJP. The scene unfolded on the stage ahead of Suvendu Adhikari's swearing-in as West Bengal's Chief Minister in Kolkata. PM Modi also touched Sarkar's feet and presented a shawl to him as a mark of respect. In 1952, Sarkar was arrested in Kashmir while he was accompanying Dr Syama Prasad Mookerjee as the latter was marching to hoist the tricolour there. BJP IT cell head Amit Malviya described the elderly party leader as "one of the earliest grassroots figures associated with the nationalist movement in post-Independence India."

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