Rupee weakness will not deter India cenbank from cutting rates, Nomura says
1 month ago

Rupee weakness will not deter India cenbank from cutting rates, Nomura says

Live Mint  

By Nimesh Vora MUMBAI, Dec 5 - Nomura stuck by its contrarian call that the Reserve Bank of India will lower interest rates on Friday as concerns over economic growth overshadow worries about high inflation and the rupee's weakness. The other 62 expect status quo after retail inflation jumped above the RBI's tolerance limit for the first time in over a year and as the rupee plumbs record lows on a regular basis due to portfolio outflows and the dollar's post-U.S. election rally. On the rupee, Nomura said that without signs of growth stability, the pressure on the external sector would continue, since India largely attracts growth capital, and that would further undermine the currency. FOCUS ON GROWTH "The RBI's primary objective is to maintain price stability while keeping in mind the objective of growth," Nomura said.

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History of this topic

RBI may cut policy rates by 50 basis points in first half of 2025: Report
6 days, 19 hours ago

RBI may cut policy rates by 50 basis points in first half of 2025: Report

India TV News  

The Reserve Bank of India is expected to reduce policy rates by 50 basis points in the first half of 2025, according to a report by Jefferies. This follows the central bank's shift to a neutral liquidity stance and its recent reduction of the Cash Reserve Ratio by 50 bps during the last Monetary Policy Committee meeting. "After easing stance …

Fed's rate cuts and hawkish outlook: Implications for Indian markets
2 weeks, 1 day ago

Fed's rate cuts and hawkish outlook: Implications for Indian markets

Live Mint  

The US Federal Reserve's decision to cut interest rates by 25 basis points in its December 2024 policy meeting has raised questions about how this move might influence India’s monetary policy and asset classes. With the Fed signalling a slower pace of rate cuts in 2025, foreign capital inflows into India could diminish, especially as US treasury yields become increasingly …

RBI MPC may delay rate cut to April 2025 amid US Fed’s hawkish stance: Will this impact growth?
2 weeks, 6 days 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 …

Stock market crash: 3 reasons why Sensex, Nifty are under pressure today
3 weeks, 1 day ago

Stock market crash: 3 reasons why Sensex, Nifty are under pressure today

India Today  

The Sensex and Nifty continued their downward slide for the third consecutive session on Wednesday, as global and domestic factors weighed heavily on investor sentiment. The benchmark indices fell ahead of the US Federal Reserve's policy announcement later today, with market participants closely watching for hints on future interest rate moves. KEY REASONS BEHIND THE FALL Global pressure ahead of …

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?
3 weeks, 4 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 …

India’s 10-year bond yield may fall to 6.6% if RBI eases in Feb, ICICI Bank’s Prasanna says
4 weeks, 1 day ago

India’s 10-year bond yield may fall to 6.6% if RBI eases in Feb, ICICI Bank’s Prasanna says

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 11 - Indian government bond yields may trend in a narrow range in the near term, but the benchmark bond yield could ease to levels seen three years ago if the central bank cuts interest rates in its next policy meeting, the treasurer at ICICI Bank said. Going into the next year, if there is …

RBI cuts banks’ reserve requirements, a precursor to policy rate easing
4 weeks, 2 days 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 …

RBI signals cautious optimism on growth-inflation balance
1 month ago

RBI signals cautious optimism on growth-inflation balance

Live Mint  

The Reserve Bank of India’s monetary policy on 6 December voted 4:2 to keep the policy repo rate unchanged at 6.50%. After the October ’24 inflation data came in at over 6%, the RBI revised the FY25 inflation forecast to 4.8% from 4.5% in its Oct ’24 policy. Liquidity infusion and rate cut prospects Persistent FPI outflows and RBI intervention …

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%
1 month 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 to Announce Interest Rate Decision Amid High Inflation
1 month 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 must restore balance between inflation, growth
1 month 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 keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%
Trending News
1 month 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 must restore balance between inflation, growth
1 month 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 keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
1 month 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 MPC Meeting: Nomura Predicts Surprise 25 Basis Point Rate Cut By Central Bank
1 month 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 …

India rates market signals easing, likely via liquidity, after weak growth data
Trending News
1 month, 1 week 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 …

India rupee may stay under pressure, bonds to follow cenbank policy decision
1 month, 1 week ago

India rupee may stay under pressure, bonds to follow cenbank policy decision

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Dec 2 - The Indian rupee is likely to remain pressured this week amid persistent portfolio outflows, and take cues from the central bank's monetary policy decision and U.S. labor market data, which will also be key for government bond yields. The Reserve Bank of India's policy decision on Friday will be in …

Will RBI cut key interest rates on December 6? 3 things to know
1 month, 1 week 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 …

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report
Trending News
1 month, 1 week 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
1 month, 1 week 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 …

India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25
1 month, 2 weeks ago

India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25

Live Mint  

India’s economic growth is expected to decelerate in 2025, said Goldman Sachs even as it believes that the economy will likely be insulated from global shocks emanating out of a potential trade war between US and China. Though India’s strong long-term structural growth story remains intact, we forecast GDP growth to decelerate to 6.3% YoY in CY25, on continued fiscal …

Why Nirmala Sitharaman, Piyush Goyal would like RBI to slash interest rates
1 month, 2 weeks ago

Why Nirmala Sitharaman, Piyush Goyal would like RBI to slash interest rates

India Today  

Two senior ministers of the Narendra Modi government have recently underlined the need to lower interest rates to spur growth, bringing into focus a matter that, in the past, sparked heated debates and even led to differences of opinion between the government of the day and the Reserve Bank of India. Both Union finance minister Nirmala Sitharaman and Union commerce …

Rupee nearly flat; cenbank intervention supports as equities stay tepid
1 month, 3 weeks 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 …

Data dive: Should RBI let the rupee fall?
1 month, 3 weeks ago

Data dive: Should RBI let the rupee fall?

Live Mint  

The depreciation of the rupee has always been a political hot potato even though it is a natural trend for an emerging market. Several experts including the former chief economic advisor Arvind Subramanian have questioned the RBI’s intervention, while many economists have argued for a weaker rupee to boost trade competitiveness. However, the flip side is that a weaker rupee …

‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds
1 month, 3 weeks ago

‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds

Live Mint  

The Reserve Bank of India should cut the key benchmark interest rates to boost economic growth and look through the food prices while deciding on monetary policy, Union Minister of Commerce and Industry Piyush Goyal said. Growth needs a further impetus,” Piyush Goyal told the news portal, also stating that it's an “absolutely flawed theory” to consider food inflation while …

RBI Set to Make a Big Decision on Your EMI: What You Need to Know!
1 month, 4 weeks ago

RBI Set to Make a Big Decision on Your EMI: What You Need to Know!

ABP News  

Amid the festive season, there seems to be no relief on the horizon for your EMIs. However, experts believe that the RBI is unlikely to make such a move anytime soon, as domestic inflation remains a significant concern. Although the Federal Reserve's rate cuts could have a global impact, including easing financial conditions in India, the RBI is cautious due …

Rupee unlikely to benefit from softer US payrolls, upbeat risk
8 months ago

Rupee unlikely to benefit from softer US payrolls, upbeat risk

Hindustan Times  

By Nimesh Vora Rupee unlikely to benefit from softer US payrolls, upbeat risk MUMBAI, - The Indian rupee is likely to open largely unchanged on Monday, despite a drop in U.S. Treasury yields and the dollar after the monthly U.S. jobs report made it more likely that the Federal Reserve will cut interest rates later in the year. The 10-year …

What is the outlook on the global economy? | Explained
8 months, 2 weeks ago

What is the outlook on the global economy? | Explained

The Hindu  

The story so far: The International Monetary Fund released the latest global financial stability report on Tuesday warning about the risks to the global financial system from persistent high inflation, rising lending in the unregulated credit market, and increasing cyber-attacks on financial institutions. Investors have been pushing up the prices of financial assets such as stocks in recent months in …

Central bank work on lowering prices in delicate balance
10 months, 2 weeks ago

Central bank work on lowering prices in delicate balance

New Indian Express  

The Reserve Bank of India appears to be in its final leg of bringing inflation to heel. Though headline inflation is showing steady signs of easing, the central bank’s six-member Monetary Policy Committee is steadfast on retaining repo rate at 6.5 percent as any “premature move may undermine the success achieved so far”. As we navigate the ‘last mile’ of …

DC Edit | RBI is right to be cautious
11 months ago

DC Edit | RBI is right to be cautious

Deccan Chronicle  

A cautious Monetary Policy Committee has once again decided to keep the repo rate unchanged at 6.5 per cent in view of global uncertainty and moderately high inflation. With the projection of a decently high economic growth rate of seven per cent, RBI’s focus remains squarely on bringing down inflation to its target of four per cent. The rate cut …

Higher for longer? What's that, asks the Fed
1 year ago

Higher for longer? What's that, asks the Fed

Live Mint  

The US 10-year bond yield has seen significant movement in the 4.5-4.9% range over the past two months. Some investors expected the Federal Reserve to begin easing monetary policy sooner on growth concerns, and were thus bidding up bond prices, causing yields to fall. Given repeated supply shocks and stimulus-induced demand growth, the central banks also feared that inflation would …

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%
1 year, 1 month ago

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%

Hindustan Times  

The Reserve Bank of India on Friday maintained its benchmark repo rate at 6.5%, keeping its focus on anchoring inflation and boosting growth. Monetary policy will remain actively “disinflationary”, RBI Governor Shaktikanta Das said after a two-day meeting of the bank’s six-member monetary policy committee. He said that the central bank’s successive policy rate hikes, a reference to increases in …

RBI’s December policy review: Status quo to continue
1 year, 1 month ago

RBI’s December policy review: Status quo to continue

Live Mint  

The Reserve Bank of India is likely to hold the key interest rates in its December monetary policy review and continue with its emphasis on containing inflation, which has shown encouraging trends the past two months. Given the likely status quo, the market will instead closely track the narrative from RBI’s monetary policy committee for direction on rates and liquidity …

RBI to hold rates till it clearly sights Fed heading to cut: Moody’s Investors Service
1 year, 1 month ago

RBI to hold rates till it clearly sights Fed heading to cut: Moody’s Investors Service

The Hindu  

The Reserve Bank of India will keep interest rates on hold until the prospect of rate cuts by the U.S. Federal Reserve are “more clearly in sight”, Moody’s Investors Service said on Thursday. adding that post-festival demand dynamics in India, which will likely sustain growth in the near-term amid weak exports, will depend on inflation and the lagged impact of …

RBI Governor says no interest rate cuts for now
1 year, 2 months ago

RBI Governor says no interest rate cuts for now

The Hindu  

Interest rates will remain high, and any change will depend on the way the world evolves, Reserve Bank of India Governor Shaktikanta Das said on Friday, highlighting fresh uncertainties that have emerged in the global economy in the fortnight since the latest Monetary Policy review. Referring to the recent spurt in U.S. bond yields to a record high, combined with …

RBI Policy meet: Key things to watch out for
1 year, 3 months ago

RBI Policy meet: Key things to watch out for

Live Mint  

Reserve Bank of India Governor Shaktikanta Das will unveil the fourth monetary policy of the financial year 2023-24 on Friday, October 6, after a two-day review, as it observes the impact of global headwinds on India's macroeconomic indicators such as inflation trajectory and the growth in gross domestic product. Economists expect RBI to hold rates steady According to majority of …

RBI Monetary Policy: Central bank likely to hold rates, maintain hawkish stance
1 year, 3 months ago

RBI Monetary Policy: Central bank likely to hold rates, maintain hawkish stance

India Today  

The Reserve Bank of India's Monetary Policy Committee is expected to maintain key interest rates in its upcoming decision but maintain focus on inflation amid rising global crude oil prices and sustained economic growth. In a survey of 71 economists conducted by news agency Reuters in late September, all but one anticipated that the RBI would keep its key repo …

RBI policy: Stock market experts suggest ‘buy on dips’ strategy in these sectors
1 year, 4 months ago

RBI policy: Stock market experts suggest ‘buy on dips’ strategy in these sectors

Live Mint  

RBI monetary policy meeting: In three days monetary policy committee meeting from 8th to 10th August 2023, the Reserve Bank of India decided to keep repo rate steady at 6.50 per cent for third time in a row. After the announcement of RBI MPC meeting outcome, stock market experts have predicted volatility in interest rate sensitive segments like banking, NBFC, …

Stock markets fall after RBI monetary policy decision, inflation concern looms large
1 year, 4 months ago

Stock markets fall after RBI monetary policy decision, inflation concern looms large

India TV News  

Following the RBI monetary policy, Benchmark equity indices declined on Thursday dragged down by banking counters, after the unexpected announcement of reducing cash in the financial system. It retained the stance on "withdrawal of accommodation" but Governor Shaktikanta Das sounded hawkish when he highlighted that headline inflation needs to subside sustainably below 4 per cent and any surge in the …

RBI may continue to hold rate amid concern over inflation: Experts
1 year, 5 months ago

RBI may continue to hold rate amid concern over inflation: Experts

India TV News  

The Reserve Bank of India is likely to continue with the pause on the key interest rate at its upcoming monetary policy review, as concerns on the inflation front and keeping the borrowing cost stable to maintain the economic growth momentum persist, said experts. The borrowing cost, which started rising in May last year, has stabilised with the RBI keeping …

RBI holds rates but signals tight monetary policy ahead
1 year, 7 months ago

RBI holds rates but signals tight monetary policy ahead

Hindustan Times  

India's central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled that monetary conditions will remain tight for some time as it looks to further curb inflationary pressures. The RBI maintained its policy stance of "withdrawal of accommodation" to ensure inflation progressively aligns with the committee's target while remaining …

RBI says India’s growth momentum to continue in FY24; stresses on structural reforms
1 year, 7 months ago

RBI says India’s growth momentum to continue in FY24; stresses on structural reforms

The Hindu  

The Reserve Bank on May 30 said that India’s growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the medium-term. The Reserve Bank’s annual report flagged slowing global growth, protracted geopolitical tensions and a possible upsurge in financial …

RBI May Reduce Policy Rate In Fourth Quarter Of 2024: Oxford Economics
1 year, 7 months ago

RBI May Reduce Policy Rate In Fourth Quarter Of 2024: Oxford Economics

News 18  

Global forecasting firm Oxford Economics on Monday said the RBI may cut key benchmark policy rate in the fourth quarter of the current calendar year as a mix of factors will allow the central bank to shift focus and adopt a more accommodative policy stance sooner. It further said inflation has already begun easing, and consumer inflation expectations are falling, …

RBI to keep interest rates unchanged through year-end: Poll
1 year, 8 months ago

RBI to keep interest rates unchanged through year-end: Poll

Hindustan Times  

The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year as it evaluates the delayed impact of previous hikes on economic growth and high inflation, a Reuters poll of economists showed. Reserve Bank of India Last week, the central bank surprised nearly every analyst by leaving the repo rate unchanged …

RBI growth estimate “too optimistic,” will pivot to rate cuts in October: Nomura
1 year, 9 months ago

RBI growth estimate “too optimistic,” will pivot to rate cuts in October: Nomura

The Hindu  

Japanese brokerage Nomura on Friday said Reserve Bank of India's 6.5% real GDP growth estimate for FY24 is “too optimistic”, and the Central Bank will pivot to rate cuts from October. "However, the revised GDP growth forecast of 6.5% in FY24 appears too optimistic,” the brokerage said, adding that it estimates growth to slow down to 5.3% A slew of …

A pragmatic move by RBI
1 year, 9 months ago

A pragmatic move by RBI

Hindustan Times  

Is it a pause? The consensus view among analysts is that this could well mark the end of the current rate tightening cycle — it is entirely possible that this view is driven more by hope than reality; RBI governor Shaktikanta Das stressed that the pause was “this meeting only” — and that MPC could start cutting rates from April …

Financial information registry will help expedite credit flows: RBI Governor
1 year, 10 months ago

Financial information registry will help expedite credit flows: RBI Governor

The Hindu  

The national financial information registry announced in the 2023-24 Union Budget is aimed at expediting loan sanctions and credit flows by offering lenders a “360 degree” perspective on potential borrowers, Reserve Bank of India Governor Shaktikanta Das said on Saturday. The idea is to create one registry where, to the extent possible considering issues of privacy and other things, the …

RBI lifts loan costs to tame inflation
1 year, 11 months ago

RBI lifts loan costs to tame inflation

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Wednesday raised the benchmark lending rate by 25 basis points to 6.5% as the RBI targets persistently high core or underlying inflation that it sees as a risk to the improving outlook for the economy. Observing that the rate increases since May were still working their way through the …

Indian economy poised for further growth in 2023 despite global headwinds
2 years ago

Indian economy poised for further growth in 2023 despite global headwinds

Deccan Chronicle  

NEW DELHI: The Indian economy recovered from the COVID-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and elevated inflation will continue. The challenges before the government and the Reserve Bank in the new year would be to arrest inflation, check declining value of rupee against …

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