IDBI Capital has initiated a BUY call on Tata Capital Limited (TCL), positioning the company as a formidable investment contender within the Indian financial services landscape.
RBI has not changed repo-rate in its bi-monthly policy review. Markets were expecting 25 basis points rate cut but now the expectations have been delayed by two months.
RBI announced monetary policy yesterday with 25 basis points repo-rate cut. The markets were expecting small rate cut but the downward revision of GDP by RBI led to decline in stock markets.