RBI increases key lending rate by 35 bps, pegs GDP growth at 6.8%
2 years ago

RBI increases key lending rate by 35 bps, pegs GDP growth at 6.8%

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on December 7 increased the repo rate by 35 basis points to 6.25%, and the Standing Deposit Facility stands raised to 6%. The Ukraine invasion by Russiais a black swan event that severely affected energy and food prices around the world.” Though prices have receded somewhat, inflation remains high. Going forward, food inflation is likely to moderate with the usual winter softening and a bountiful Rabi crop, but pressure points remain in the prices of cereals, spices and milk, he said. While headline inflation is expected to moderate over the coming months, it is expected to remain above target till the first quarter of 2023-24, the Governor said.

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History of this topic

RBI’s monetary policy panel divided over timing of rate action
4 days, 9 hours ago

RBI’s monetary policy panel divided over timing of rate action

Live Mint  

Mumbai: The rate-setting panel of India’s central bank remained divided over the timing of monetary policy action aimed at reviving India’s economic growth, even as they expect price rise to cool off, show minutes of the 6 December meeting, released on Friday. All three Reserve Bank of India members in the six-member monetary policy committee insisted that maintaining policy status …

Price stability crucial for India’s economic growth, says RBI
4 days, 10 hours ago

Price stability crucial for India’s economic growth, says RBI

Live Mint  

The foundations for high growth in the Indian economy can be achieved through durable price stability, the monetary policy committee of the Reserve Bank of India said. "The MPC emphasises that strong foundations for high growth can be secured only with durable price stability," the minutes of the Monetary Policy Committee meeting held in December said. "The MPC also decided …

RBI MPC may delay rate cut to April 2025 amid US Fed’s hawkish stance: Will this impact growth?
4 days, 14 hours ago

RBI MPC may delay rate cut to April 2025 amid US Fed’s hawkish stance: Will this impact growth?

Live Mint  

The Reserve Bank of India may delay the beginning of its rate cut cycle to April 2025 due to the US Federal Reserve's move towards a more hawkish monetary policy approach. “Given INR weakness and developing volatility in financial markets, we see the start of the rate cut cycle to shift to April 2025,” ANI reported, citing Yes Bank. It …

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?
1 week, 2 days ago

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?

Live Mint  

Chapter 16 in the Book of Leviticus, Old Testament, enjoins Aaron to organize sacrifices and expiate the sins of all Israelites. Various ministers, government officials and sundry industry representatives have been hinting at RBI culpability in India’s economic slowdown and have called upon its monetary policy committee to cut rates in support of growth. The debate began with this year’s …

Why RBI is central to the country’s economy
1 week, 3 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, 5 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 …

Inflation likely eased to 5.5% in November: Mint poll
1 week, 6 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 …

Growth Impacted By Multiple Factors, Not Just Repo Rate: Shaktikanta Das
2 weeks ago

Growth Impacted By Multiple Factors, Not Just Repo Rate: Shaktikanta Das

Deccan Chronicle  

Shaktikanta Das demitted office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. On monetary policy being too tight impacting growth while inflation continues to still remain above the central bank’s mandate despite 250 basis points increase in repo rate? Ans---The relationship between the government, the finance ministry in particular, and the Reserve …

RBI cuts banks’ reserve requirements, a precursor to policy rate easing
2 weeks ago

RBI cuts banks’ reserve requirements, a precursor to policy rate easing

Live Mint  

We have been talking about the Reserve Bank of India easing interest rates for quite some time. In the previous policy review on 9 October, the RBI changed its stance on interest rates from “withdrawal of accommodation" to neutral. Before the 9 October review meeting, the RBI had projected CPI inflation at 4.5% in FY25. At the previous meeting on …

SBI Research anticipates RBI repo rate cut in February policy meet
2 weeks, 2 days ago

SBI Research anticipates RBI repo rate cut in February policy meet

Live Mint  

New Delhi, December 8 : Reserve Bank is expected to cut repo rates in February 2025 and such a decision, it at all taken, is unlikely to be impacted by rupee's weakness against the dollar, asserted SBI Research in a report. The report put out the day RBI announced its monetary policy, the SBI Research report said it expects RBI …

​Staying the course: On the RBI and inflation
Trending News
2 weeks, 4 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, 4 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, 4 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 …

Headwinds: RBI keeps key rate unchanged, lowers growth forecast
2 weeks, 4 days ago

Headwinds: RBI keeps key rate unchanged, lowers growth forecast

Hindustan Times  

The Reserve Bank of India left its benchmark interest rate unchanged at 6.5% in this year’s last meeting of its monetary policy committee despite a dip in economic growth, citing continued risks from inflation. RBI governor Shaktikanta Das delivering the monetary policy statement on Friday The central bank kept the repo rate steady after raising it by 250 basis points …

Changes to India’s repo rate since June 2000
2 weeks, 4 days ago

Changes to India’s repo rate since June 2000

Live Mint  

MUMBAI - The Reserve Bank of India kept its key interest rate unchanged, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy. The monetary policy committee kept the key lending rate, or repo rate, unchanged at 6.50%, but cut the cash reserve ratio that banks …

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%
2 weeks, 4 days ago

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%

Deccan Chronicle  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 per cent for the current fiscal, as against earlier projection of 7.2 per cent.The Reserve Bank of India maintained the status quo on interest rate despite July-September quarter GDP growth …

RBI Monetary Policy: MPC projects FY25 GDP growth at 6.6%; cuts estimates from 7.2% earlier
2 weeks, 4 days ago

RBI Monetary Policy: MPC projects FY25 GDP growth at 6.6%; cuts estimates from 7.2% earlier

Live Mint  

RBI Monetary Policy: Reserve Bank of India Governor Shaktikanta Das while announcing a status quo on the repo rate and policy stance on Friday, December 6, expects the FY25 GDP Growth to be at 6.6% The RBI Governor after the Monetary Policy Committee meeting, while pegged GDP growth rate to be at 6.6% for FY25, it expects ongoing quarter i.e …

RBI monetary policy: MPC projects FY25 inflation at 4.8%
2 weeks, 4 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, 4 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, 4 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 Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome
2 weeks, 4 days ago

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome

Live Mint  

RBI Monetary Policy: Highlighting sticky inflation and its impact on economic growth and consumers, Reserve Bank of India Governor Shaktikanta Das announced a status quo on the repo rate and policy stance on Friday, December 6. The Monetary Policy Committee of the central bank, by a majority of 4:2, decided to keep the repo rate at 6.50 per cent for …

RBI to Announce Interest Rate Decision Amid High Inflation
2 weeks, 4 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 MPC Highlights: Sensex, Nifty Close In Red As RBI Keep Repo Rate Unchanged At 6.5%
2 weeks, 4 days ago

RBI MPC Highlights: Sensex, Nifty Close In Red As RBI Keep Repo Rate Unchanged At 6.5%

ABP News  

Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. In the last MPC meeting, held from October 7-9, the committee decided to keep the benchmark interest rate at 6.5 per cent, marking the tenth consecutive meeting with no change in rates. However, Nomura predicts a 25 basis point repo rate cut by the RBI in this Monetary …

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
2 weeks, 5 days ago

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch

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 two-day review meeting amid recent worrying prints of headline inflation and gross domestic product. “However, with the GDP growth print sharply undershooting the MPC's expectations, a February 2025 rate cut may be …

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us
Trending News
2 weeks, 5 days ago

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us

New Indian Express  

The RBI on Friday refused to change its mind about interest rates despite economic growth hard landing in Q2, FY25. In fact, in his very opening remarks, Governor Shaktikanta Das sort of vowed to protect peace with blood reminding about the central bank's price stability mandate and its commitment to the flexible inflation target comes before everything else. The six-member …

RBI must restore balance between inflation, growth
2 weeks, 5 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?
2 weeks, 5 days ago

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?

India Today  

The Reserve Bank of India’s Monetary Policy Committee is set to make key announcements on Friday after its three-day meeting today. Others suggest a "dovish hold," where the RBI signals a willingness to cut rates in the future while maintaining the current rate. "A rate cut is more likely at the February meeting, but the recent GDP miss might push …

Lower GDP forecast to CRR boost: 6 key takeaways from RBI MPC
2 weeks, 5 days ago

Lower GDP forecast to CRR boost: 6 key takeaways from RBI MPC

India Today  

The Reserve Bank of India’s Monetary Policy Committee has decided to keep the key lending rates unchanged for the 11th consecutive time since February 2023. LOWER GDP GROWTH PROJECTIONS The Reserve Bank has slightly reduced its real GDP growth forecast for 2024-25, projecting it at 6.6%. Quarterly projections for GDP growth are as follows: Q3 of 2024-25: 6.8% Q4 of …

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%
Trending News
2 weeks, 5 days ago

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%

New Indian Express  

MUMBAI: The Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 6.5%, marking the 11th consecutive time the lending rate has remained steady. The RBI's Monetary Policy Committee opted against any knee-jerk reaction to the growth slowdown in the second quarter with a repo rate cut, emphasising the need to be prudent and measured in its …

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
2 weeks, 5 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, 5 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 keeps repo rate unchanged for 11th time in a row at 6.5 per cent
2 weeks, 5 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 must restore balance between inflation, growth
2 weeks, 5 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in
Trending News
2 weeks, 5 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: Nomura Predicts Surprise 25 Basis Point Rate Cut By Central Bank
2 weeks, 5 days ago

RBI MPC Meeting: Nomura Predicts Surprise 25 Basis Point Rate Cut By Central Bank

ABP News  

Nomura forecasts a 25 basis point repo rate cut by the Reserve Bank of India in its upcoming Monetary Policy Committee meeting on December 6, according to its latest report. The brokerage also anticipates 100 basis points in rate cuts by mid-2025, bringing the repo rate to 5.50 per cent. Although consumer price inflation surged to 6.2 per cent in …

RBI MPC Meeting: When and where to watch Governor Shaktikanta Das’ policy announcement
2 weeks, 6 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, 6 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, 6 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
3 weeks 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: FX, not inflation, curbing degrees of policy freedom
3 weeks 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 …

RBI committee meeting: A cut in cash reserve ratio likely, but not in repo rate
3 weeks, 1 day ago

RBI committee meeting: A cut in cash reserve ratio likely, but not in repo rate

New Indian Express  

The Reserve Bank’s rate-setting panel, the Monetary Policy Committee, begins its meeting here on Wednesday amidst a series of negative macroeconomic data surprises, with the 5.4 percent GDP growth in the second quarter being the worst. This has led many Mint Road observers and bankers to expect the monetary policy announcement on December 6 to include growth-boosting measures, such as …

India rates market signals easing, likely via liquidity, after weak growth data
Trending News
3 weeks, 1 day ago

India rates market signals easing, likely via liquidity, after weak growth data

Live Mint  

By Dharamraj Dhutia MUMBAI, - The drop in India's benchmark bond yields and swap rates signals the central bank may address weaker-than-expected economic growth by easing monetary policy, which, traders say, will likely be via a lower cash reserve ratio than by interest rate cuts. WHY IT'S IMPORTANT The Reserve Bank of India's monetary policy decision is due on Friday …

Will RBI cut key interest rates on December 6? 3 things to know
3 weeks, 2 days 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 …

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report
3 weeks, 3 days ago

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report

Hindustan Times  

HDFC Bank estimates that the central Reserve Bank of India would keep the repo rate steady at 6.5% in its final monetary policy committee meeting of the year, to be held next week, the country's largest private sector bank said in a report. RBI held its previous monetary policy committee meeting in October A rate cut is “very much possible” …

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report
Trending News
3 weeks, 3 days ago

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report

Live Mint  

New Delhi, November 30 : The Reserve Bank of India is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. It said "We anticipate that the RBI will maintain the current policy rate at its meeting next week, although the likelihood of a rate cut in …

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February
3 weeks, 5 days ago

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February

ABP News  

The Reserve Bank of India is expected to maintain its key policy rate at 6.50 per cent during its upcoming December 4-6 meeting, according to a Reuters poll. A sharp rise in inflation, driven by soaring food prices, has led several economists to revise their forecasts for the first rate cut in the cycle from December to February. RBI Governor …

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 …

Inflation behaving more like a magician who tricks you again and again
1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

Rupee nearly flat; cenbank intervention supports as equities stay tepid
1 month ago

Rupee nearly flat; cenbank intervention supports as equities stay tepid

Live Mint  

By Jaspreet Kalra MUMBAI, Nov 18 - The Indian rupee was nearly unchanged on Monday as likely intervention by the Reserve Bank of India helped offset pressure driven by weakness in local equities, which have borne the brunt of sustained foreign portfolio outflows this quarter. A surge in the dollar, elevated U.S. bond yields and sustained foreign portfolio outflows have …

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 …

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