RBI likely to keep interest rate unchanged as inflation still high: Experts
1 year, 3 months ago

RBI likely to keep interest rate unchanged as inflation still high: Experts

India TV News  

The Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts. The Reserve Bank had raised the benchmark repo rate to 6.5 per cent on February 8, 2023 and since then it has retained the rates at the same level in view of the stubbornly high retail inflation and certain global factors including elevated crude oil prices in the international market. The Reserve Bank has projected CPI inflation at 5.4 per cent for 2023-24, with Q2 at 6.2 per cent, Q3 at 5.7 per cent and Q4 at 5.2 per cent, with risks evenly balanced. On his expectations from the next bi-monthly monetary policy, Sanjay Bhutani, Director, Medical Technology Association of India said the RBI has gone along with the market sentiment of retaining the benchmark interest rate at 6.5 per cent for quite some time now.

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History of this topic

Vivek Kaul: RBI’s new governor will have to confront a tricky old trilemma
6 days, 19 hours ago

Vivek Kaul: RBI’s new governor will have to confront a tricky old trilemma

Live Mint  

Shaktikanta Das’ tenure as governor of the Reserve Bank of India has come to an end. For companies, lower rates mean lower interest outflows on their existing borrowings and hence higher profits and possibly higher stock prices. For market participants, lower rates mean that retail investors are incentivized to invest more in stocks in search of higher returns, leading to …

Why RBI is central to the country’s economy
1 week, 2 days ago

Why RBI is central to the country’s economy

New Indian Express  

The art of setting interest rates Maintaining macroeconomic stability and financial stability is the holy grail of any central bank. The pursuit of sustainable growth and low and stable inflation have been fundamental to central banking activities since the early 19th century, though financial stability got equal prominence, thanks to black swan events like the Great Depression of 1930s and …

DC Edit | FM, new RBI chief signal cut
1 week, 4 days ago

DC Edit | FM, new RBI chief signal cut

Deccan Chronicle  

Finance minister Nirmala Sitharaman’s statement that inflation is a major challenge faced by countries around the world and that no country can solve it alone appears to have set an agenda for new RBI governor Sanjay Malhotra, who took charge a few hours before she made this statement. During the tenure of Shaktikanta Das, the RBI remained squarely focused on …

Retail inflation eases to 5.48% in November from above 6% in October
1 week, 5 days ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today  

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

Inflation likely eased to 5.5% in November: Mint poll
1 week, 5 days ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

Sanjay Malhotra takes charge as RBI Governor
Trending News
1 week, 5 days ago

Sanjay Malhotra takes charge as RBI Governor

Deccan Chronicle  

Sanjay Malhotra on Wednesday took charge as the 26th Governor of the Reserve Bank of India. Malhotra, a career bureaucrat, arrived at the central bank's headquarter this morning, where he was welcomed by senior RBI staffers.The central bank confirmed Malhotra's appointment through a post on the microblogging site "X" and also shared a few pictures.Malhotra, who recently served as the …

Sanjay Malhotra to assume office as 26th RBI Governor amid inflation concerns today
Top News
1 week, 5 days ago

Sanjay Malhotra to assume office as 26th RBI Governor amid inflation concerns today

India TV News  

Sanjay Malhotra, a veteran of the Indian Administrative Service officer who served in Rajasthan cadre in the 1990s, is set to assume charge as the 26th Governor of the Reserve Bank of India on Wednesday. Direct transition from north section Malhotra will be the first RBI Governor after Duvvuri Subbarao who moved directly from the North Block, the seat of …

DC Edit | Will RBI tweak inflation focus?
1 week, 6 days ago

DC Edit | Will RBI tweak inflation focus?

Deccan Chronicle  

The appointment of Sanjay Malhotra as the new RBI governor continues the long-standing tradition of IAS officers heading the Central bank, a quasi-autonomous body that decides the country’s monetary policy. Mr Malhotra took over the charge of RBI from Shaktikanta Das — the second longest serving governor after Sir Benegal Rama Rau’s stint of seven years and 197 days — …

What challenges await Sanjay Malhotra as he takes charge as RBI Governor?
1 week, 6 days ago

What challenges await Sanjay Malhotra as he takes charge as RBI Governor?

India Today  

Sanjay Malhotra took charge as the 26th RBI Reserve Bank of India, beginning his three-year tenure on Wednesday, as he steps into a crucial role with several pressing challenges ahead. "The new RBI governor, Sanjay Malhotra, has several challenges ahead in his tenure, particularly those related to inflation and India’s economic growth," said VLA Ambala, Co-Founder of Stock Market Today. …

New Challenges for New RBI Governor
1 week, 6 days ago

New Challenges for New RBI Governor

Deccan Chronicle  

The new year 2025 is going to see a new and very different MPC composition with three newly appointed external MPC members in October 2024, being now joined by the new governor and possibly a new deputy governor in January 2025 with deputy governor Michael Patra's tenure getting over. Entrenched state of India's stagflation, tricky timings and small window of …

New RBI guv must keep macro picture in sight
1 week, 6 days ago

New RBI guv must keep macro picture in sight

Hindustan Times  

The Reserve Bank of India is one of India’s most illustrious institutions. In 2016, the Centre added another mandate to RBI’s responsibilities, controlling inflation in the economy. India's Press Information Bureau/Handout via REUTERS The change of guard in Mint Street, with Sanjay Malhotra replacing incumbent Shaktikanta Das, comes at a point where the central bank has been steadfastly holding interest …

Five of MPC's six members may soon be new
2 weeks ago

Five of MPC's six members may soon be new

Live Mint  

How should the appointment of the new governor of Reserve Bank of India at this critical point for the economy be read? Unless deputy governor Michael Patra, whose term ends next month, is given an extension, the six-member monetary policy committee is all set to have five new members. In his long years, Patra–he was executive assistant to governor Bimal …

Sanjay Malhotra's focus as RBI Governor: 3 key areas to watch out for
2 weeks ago

Sanjay Malhotra's focus as RBI Governor: 3 key areas to watch out for

India Today  

Sanjay Malhotra, the new Reserve Bank of India Governor, assumes charge at a time when economic challenges demand fresh perspectives. Analysts at Nomura anticipate a rate cut at the February Monetary Policy Committee meeting, possibly by 25 basis points, with further cuts totalling 100 basis points by the end of 2025. Macroprudential policies: Encouraging bank credit growth Malhotra’s background in …

Immensely grateful: Shaktikanta Das thanks PM Modi on last day as RBI Governor
2 weeks ago

Immensely grateful: Shaktikanta Das thanks PM Modi on last day as RBI Governor

India Today  

Shaktikanta Das, the outgoing Governor of the Reserve Bank of India, expressed gratitude to Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and the central bank team on his last day in office. Das also highlighted his working relationship with Sitharaman, and said, “The fiscal-monetary coordination was at its best and helped us deal with the multiple challenges during the …

Sanjay Malhotra to command last leg of RBI’s war on inflation
2 weeks ago

Sanjay Malhotra to command last leg of RBI’s war on inflation

Live Mint  

The war on inflation has a new general leading the charge, as India's top revenue officer Sanjay Malhotra moves from North Block to Mint Road. Malhotra, who currently oversees the Centre's direct and indirect tax administration, will serve for three years beginning Tuesday, the appointments committee comprising Prime Minister Narendra Modi and home minister Amit Shah said. A Reuters report …

​Staying the course: On the RBI and inflation
Trending News
2 weeks, 3 days ago

​Staying the course: On the RBI and inflation

The Hindu  

The Reserve Bank of India’s Monetary Policy Committee, in its latest bi-monthly review, has decided to maintain status quo on the benchmark interest rate of 6.50% for the eleventh consecutive time. India’s retail inflation, after trending below the median 4% target, for the first time in five years, for two months, spiked over September and October, with food prices leading …

DC Edit | RBI still cautious, but cuts CRR
2 weeks, 3 days ago

DC Edit | RBI still cautious, but cuts CRR

Deccan Chronicle  

The RBI-led Monetary Policy Committee continued its cautious approach by keeping the repo rate unchanged for the 11th time. The central bank has also allowed small finance banks to extend credit lines through UPI, which typically target borrowers of small ticket size loans. Lower middle class, which is said to be badly hit by low wage growth, will benefit from …

RBI MPC meeting: Repo rate unchanged. What are other key takeaways? 10 points
2 weeks, 3 days ago

RBI MPC meeting: Repo rate unchanged. What are other key takeaways? 10 points

Hindustan Times  

Reserve Bank of India governor Shaktikanta Das on Friday announced several key decisions taken at the recent three-day meeting of the central bank's Monetary Policy Committee. Previously, the repo rate was changed in February 2023, when it was raised to the current 6.5% This was MPC's last meeting of the year and followed the one in October. Here are the …

RBI monetary policy: MPC projects FY25 inflation at 4.8%
2 weeks, 3 days ago

RBI monetary policy: MPC projects FY25 inflation at 4.8%

Live Mint  

RBI Monetary Policy meeting: The Reserve Bank of India revised its inflation projection for 2024–2025 to 4.8% with Q3 at 5.7%, and Q4 at 4.5% The consumer price index inflation for the first quarter of the next financial year 2025-26 is projected at 4.6% and the second quarter at 4%. RBI October Monetary Policy Outcome During the Monetary Policy Committee …

RBI monetary policy: Repo rate to remain unchanged at 6.5%, says Shaktikanta Das
2 weeks, 3 days ago

RBI monetary policy: Repo rate to remain unchanged at 6.5%, says Shaktikanta Das

Firstpost  

RBI Governor Shaktikanta Das has announced that the Monetary Policy Committee has decided to keep the repo rate, the interest rate at which RBI lends to banks, unchanged at 6.5% The new monetary policy committee of the Reserve Bank of India, led by Governor Shaktikanta Das, will announce the policy interest rate today, which currently stands at 6.5 per cent.File …

Amid high inflation, RBI keeps repo rate unchanged at 6.5%
2 weeks, 3 days ago

Amid high inflation, RBI keeps repo rate unchanged at 6.5%

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Friday held steadfast in its battle against inflation amid weakening growth momentum, with four of its six members voting to keep the policy repo rate unchanged at 6.50% for the eleventh bi-monthly review in a row. While noting the RBI’s mandate is to ensure price stability while supporting growth, …

RBI to Announce Interest Rate Decision Amid High Inflation
2 weeks, 3 days ago

RBI to Announce Interest Rate Decision Amid High Inflation

Deccan Chronicle  

The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers.Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate, and will possibly tinker with cash reserve ratio keeping …

RBI monetary policy meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?
2 weeks, 3 days ago

RBI monetary policy meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?

Hindustan Times  

The Reserve Bank of India is set to announce its interest rate decision on Friday, December 6, following a three-day monetary policy meeting. "Coming up: Monetary Policy Statement by #RBI Governor @DasShaktikanta on December 06, 2024, at 10:00 am," the Reserve Bank announced on social media platform 'X'. Reserve Bank governor Shaktikanta Das, headed a six-member Monetary Policy Committee, started …

RBI keeps repo rate unchanged for 11th time in a row at 6.5 per cent
2 weeks, 4 days ago

RBI keeps repo rate unchanged for 11th time in a row at 6.5 per cent

India TV News  

Amid high inflation and weak GDP growth numbers, the Reserve Bank on Friday kept repo rate unchanged at 6.5 per cent with a majority decision of 4:2. Das announced, "The Monetary Policy Committee decided by a majority of 4:2 to keep the policy repo rate unchanged at 6.5%. Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee started its …

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
2 weeks, 4 days ago

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation

India Today  

The Reserve Bank of India's Monetary Policy Committee has decided to maintain the status quo on key interest rates for the 11th consecutive time. Consequently, the standing deposit facility stands at 6.25%, and the marginal standing facility and the bank rate at 6.75%," announced RBI Governor Shaktikanta Das during the policy statement. "Tackling inflation is critical because high inflation reduces …

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25
2 weeks, 4 days ago

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25

India TV News  

The Reserve Bank of India on Friday slashed its growth projection for the current fiscal year 2024-25 to 6.6 per cent from its earlier estimate of 7.2 per cent, citing a slowdown in economic activity and persistent high food prices. RBI cuts CRR to 4 per cent Meanwhile, to ease the potential liquidity stress, the Reserve Bank also slashed the …

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in
Trending News
2 weeks, 4 days ago

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a three-day meeting that began on December 4, 2024. RBI MPC to adopt a ‘balancing act’ in December review India’s GDP growth in the July-September quarter of the current fiscal was below D-Street …

RBI MPC Meeting: When and where to watch Governor Shaktikanta Das’ policy announcement
2 weeks, 5 days ago

RBI MPC Meeting: When and where to watch Governor Shaktikanta Das’ policy announcement

Live Mint  

RBI MPC Meeting: Reserve Bank of India's three-day monetary policy committee started its meeting on Wednesday, December 4, to decide on interest rates for the Indian economy and the central bank's policy stance. The central bank's bi-monthly policy meeting comes forth amid the backdrop of sticky inflation and slowing growth in the nation's economy. RBI's current policy stance & expectations …

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?
Trending News
2 weeks, 5 days ago

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?

India Today  

The Reserve Bank of India’s Monetary Policy Committee began its three-day meeting on Wednesday, setting the stage for a critical decision on the repo rate, which will be announced on December 6 at 10 AM. The meeting takes place amid growing calls from experts and leaders for a rate cut to support India’s slowing economic growth. Piyuh Goyal has even …

Monetary policy review: RBI should stick to its price stability mandate
2 weeks, 5 days ago

Monetary policy review: RBI should stick to its price stability mandate

Live Mint  

One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So, last fiscal year’s growth looked rosy in large part because growth in 2022-23 had flagged since 2021-22, when it was 9.7% but on a covid-shrunken GDP base of 2020-21. As the US Fed and major …

RBI MPC to start today: Will there be a rate cut? 3 things to know
Trending News
2 weeks, 6 days ago

RBI MPC to start today: Will there be a rate cut? 3 things to know

India Today  

The Reserve Bank of India’s Monetary Policy Committee begins its three-day meeting today. The Reserve Bank of India has kept the repo rate steady at 6.5% for the last nine policy meetings, and it appears likely to maintain this position in the upcoming MPC announcement as well. The RBI may opt for easing liquidity by announcing a 50-basis-point CRR cut, …

RBI MPC Dec Meet: When And Where To Watch The Committee's Final Decision On Key Interest Rates?
2 weeks, 6 days ago

RBI MPC Dec Meet: When And Where To Watch The Committee's Final Decision On Key Interest Rates?

ABP News  

RBI MPC: The Reserve Bank of India’s Monetary Policy Committee meeting will meet this week to look into the economic landscape and discuss key interest rates for the coming months. In the previous MPC meeting in October, the authorities kept the repo rate unchanged at 6.5 per cent and shifted the policy stance to ‘neutral’ from ‘withdrawal of accomodation’. The …

RBI MPC: FX, not inflation, curbing degrees of policy freedom
2 weeks, 6 days ago

RBI MPC: FX, not inflation, curbing degrees of policy freedom

Live Mint  

After the recent GDP shocker, speculation is rife regarding a “policy action" in the December monetary policy meeting. Hence, we believe that in an increasingly volatile world, degrees of freedom for the RBI's monetary policy committee to ease policy to support growth would be constrained more by foreign exchange movements rather than inflation. While bond markets now anticipate rate cuts …

Is MPC doing enough on inflation? Consumers are divided
3 weeks ago

Is MPC doing enough on inflation? Consumers are divided

Live Mint  

Mumbai: For the past 30 months, the Reserve Bank of India’s monetary policy committee has been fighting hard to bring inflation within its medium-term target of 4%. Nearly half of the total respondents surveyed favoured lower inflation and higher interest rates, and only 22% support the reverse. Governor Shaktikanta Das has repeatedly warned since the last policy that cutting rates …

MPC to keep rates unchanged amid slowing growth, rising inflation
Trending News
3 weeks, 1 day ago

MPC to keep rates unchanged amid slowing growth, rising inflation

Live Mint  

A shock slowdown and calls for lower interest rates may not convince India's policy rate-setters as they meet this week, as the horse of inflation strays out of the central bank's stable. “With CPI inflation having breached the 6% upper limit of the medium-term range of 2-6% in October 2024, we anticipate a status quo from the MPC in its …

Will RBI cut key interest rates on December 6? 3 things to know
3 weeks, 1 day ago

Will RBI cut key interest rates on December 6? 3 things to know

India Today  

As the Reserve Bank of India’s Monetary Policy Committee gears up for its December 6 meeting, market participants are weighing the likelihood of a key interest rate cut. Here are 3 things to know ahead of the upcoming RBI MPC meeting: GROWTH REMAINS UNDER PRESSURE India’s GDP growth dipped to 5.4% in Q2 FY25, a sharp decline attributed to weaker …

Nirmala Sitharaman calls for 'affordable' interest rates after Piyush Goyal
Trending News
1 month ago

Nirmala Sitharaman calls for 'affordable' interest rates after Piyush Goyal

India Today  

Union Finance Minister Nirmala Sitharaman has called for more affordable bank lending rates, joining Commerce and Industry Minister Piyush Goyal in highlighting concerns about the cost of borrowing. INTEREST RATE OUTLOOK The Reserve Bank of India’s Monetary Policy Committee has kept the repo rate unchanged since February 2023, citing persistent inflation pressures. PIYUSH GOYAL'S REMARKS Last week, Piyush Goyal also …

October inflation wipes off rate cut hopes in Dec policy
1 month, 1 week ago

October inflation wipes off rate cut hopes in Dec policy

Deccan Chronicle  

Mumbai:With India’s October inflation registering the fastest pace of rise in over a year, a rate cut in the December 2024 policy review appears ruled out despite a slowing economy, said economists. Aditi Nayar, Chief Economist at ICRA Ltd said, “With the CPI inflation breaching the 6 per cent mark in October 2024 and expected to exceed the MPC's estimate …

Mint Quick Edit | Inflation above 6%: There goes a December rate cut
1 month, 1 week ago

Mint Quick Edit | Inflation above 6%: There goes a December rate cut

Live Mint  

Reserve Bank of India governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. With the headline reading now above RBI’s 6% upper tolerance limit, the odds of a rate cut in the monetary policy committee’s December meeting look bleak. Though the rate-setting panel recently shifted its monetary policy stance to neutral, it wouldn’t want inflationary …

Can October CPI inflation numbers alter RBI’s monetary policy path?
1 month, 1 week ago

Can October CPI inflation numbers alter RBI’s monetary policy path?

Live Mint  

October CPI inflation: The spectre of inflation continues haunting investors as economists and experts expect India's Consumer Price Index -based inflation, also known as retail inflation, to inch closer to the RBI's upper tolerance band of 6 per cent. According to a Reuters poll of economists, a spike in vegetable and edible oil prices may have shot up India's CPI …

RBI invites applications for deputy governor’s post with Michael Patra set to step down in January
1 month, 2 weeks ago

RBI invites applications for deputy governor’s post with Michael Patra set to step down in January

Live Mint  

Michael Debabrata Patra, the career central banker who helped usher in the Monetary Policy Committee and served as its member since inception steps down as deputy governor in January, leaving an illustrious career at the Reserve Bank of India. Candidates with 25 years of experience in an Indian or international public financial institution, or with an exceptional track record at …

Govt invites applications for RBI DG post as Michael Patra’s term ends in January
1 month, 2 weeks ago

Govt invites applications for RBI DG post as Michael Patra’s term ends in January

New Indian Express  

Michael Debabrata Patra, the senior most deputy governor of the Reserve Bank of India heading monetary policy department, is set to step down once his term ends in January. A career central banker, Patra previously received two extensions after his original term ended in January 2023. The notification for the DG post also comes within a month of the government …

RBI Maintains Status Quo on Benchmark Rates, Emphasizes Price Stability
2 months ago

RBI Maintains Status Quo on Benchmark Rates, Emphasizes Price Stability

Live Mint  

RBI Governor Shaktikanta Das emphasizes the importance of maintaining price stability to support sustainable growth in India. He states that the central bank cannot afford another inflation surge and that a neutral stance on benchmark rates is the best approach at this juncture. The MPC decides to maintain the policy rate unchanged at 6.5 percent, marking the tenth consecutive meeting …

RBI maintains calm against global noise
4 months, 2 weeks ago

RBI maintains calm against global noise

Live Mint  

The Reserve Bank of India’s bi-monthly monetary policy orchestrated on 8th August 2024 ensured that the “elephant” was deep in the forest before changing the policy. The RBI’s Monetary Policy Committee voted with 4:2 to keep the policy repo rate and stance unchanged at 6.50% and “withdrawal of accommodation” respectively. Like last policy, the two of the external MPC members, …

RBI MPC 2024: RBI can’t ignore food inflation while framing monetary policy: RBI Governor Shaktikanta Das
4 months, 2 weeks ago

RBI MPC 2024: RBI can’t ignore food inflation while framing monetary policy: RBI Governor Shaktikanta Das

The Hindu  

Reserve Bank of India Governor Shaktikanta Das on Thursday said that the central bank can not ignore food inflation while formulating monetary policy. Mr Das said with “high share of food in the consumption basket, food inflation pressures cannot be ignored.” Further, the public at large understands inflation more in terms of food inflation than the other components of headline …

Top Events of the Day: RBI’s monetary policy panel meeting; Tata Power, NCC, PFC results, FirstCry IPO, and more
4 months, 2 weeks ago

Top Events of the Day: RBI’s monetary policy panel meeting; Tata Power, NCC, PFC results, FirstCry IPO, and more

Live Mint  

On August 6, many key developments are expected. Major companies, including Tata Power, Raymond, NCC, PFC, PNC, Bajaj Electrical, Bluestar, Fortis, Gujarat Gas, Indigo Paints, Lupin, JM Financial, IIFL, 3M India, and Bata India, are set to release their first-quarter earnings results. Key Q1 Earnings Reports Expected Today Several major companies, including Tata Power, Raymond, NCC, PFC, PNC, Bajaj Electrical, …

RBI Governor warns against hasty rate cut
6 months ago

RBI Governor warns against hasty rate cut

Deccan Chronicle  

Mumbai: With food inflation remaining persistently high, any hasty action will cause more harm than good. The Monetary Policy Committee of the Reserve Bank of India should continue with its disinflationary policy stance to ensure that inflation durably aligns to the target of 4 per cent said the RBI governor Shaktikanta Das while voting for a status quo in policy …

Markets hold on to early gains after RBI monetary policy decision
6 months, 2 weeks ago

Markets hold on to early gains after RBI monetary policy decision

The Hindu  

Benchmark equity indices jumped in late morning trade on June 7, extending their rally to the third straight session, after the RBI decided to keep the policy rate unchanged for the eighth time in a row, in line with market expectations. The 30-share BSE Sensex jumped 907.43 points to 75,981.94 during the late morning trade. The Reserve Bank of India …

RBI keeps repo rate unchanged at 6.5%: Top announcements by Shaktikanta Das
6 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%: Top announcements by Shaktikanta Das

Hindustan Times  

Reserve Bank of India Governor Shaktikanta Das said that Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.5 per cent as retail inflation continues to be above its target of 4 per cent. The MPC decided to keep the repo rate steady by a majority decision, RBI Governor said. Reserve Bank of India Governor Shaktikanta Das …

RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row
6 months, 2 weeks ago

RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India has decided to keep the repo rate unchanged at 6.5%. The decision, taken at the MPC’s meeting on Friday, marks the eighth time in a row that the policy rate has been put on hold to keep the focus on battling high inflation. “These decisions are in consonance with the …

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