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Equity Market Review
In November, Indian equity indices bounced back strongly along with a sharp global risk-on rally. S&P BSE Sensex and NSE Nifty indices gained 5 per cent/5.6 per cent, respectively during the month.
Debt Market Review
With the Federal Open Market Committee (FOMC) maintaining status quo on rates in its meeting in early November and relatively dovish commentary accompanying the FOMC meeting, the US Treasury yields were on a downward trend in the month of November.
RBI Policy Review
The Monetary Policy Committee (MPC) came out with their bi-monthly policy statement on 8 December 2023. The MPC unanimously decided to keep the policy Repo Rate unchanged at 6.50 per cent.
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