Numbers to watch this week: GDP data, RBI policy, PMI…
3 years, 7 months ago

Numbers to watch this week: GDP data, RBI policy, PMI…

Live Mint  

Every Monday, Mint’s Plain Facts section features key data releases you need to keep an eye on during the week. Two big announcements are due this week: India’s gross domestic product data, and the Reserve Bank of India’s bimonthly monetary policy. The fast-moving consumer goods segment, which accounts for two-thirds of ITC’s business, had been benefiting from pent-up demand for discretionary products until the second wave struck. The second wave has lowered the odds of a roll-back, lending greater importance to other projections the RBI will make on Friday, such as the GDP and inflation outlook. India’s PMI The monthly purchasing managers’ index data, a major indicator of economic activity in India, will be released this week, both for the manufacturing sector, on Tuesday, and for services, on Thursday.

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History of this topic

Lower GDP forecast to CRR boost: 6 key takeaways from RBI MPC
1 month, 1 week 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 MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in
Trending News
1 month, 1 week 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
1 month, 1 week 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 …

PMI: Consumption fatigue hits manufacturers
1 month, 1 week ago

PMI: Consumption fatigue hits manufacturers

Live Mint  

Manufacturing activity has slowed amid worries that India’s consumption story is fizzling out. India Inc’s Q2FY25 results also mirrored this pain, with corporates pointing out stress in urban consumption due to weak real incomes and rural demand yet to recover. The Q2 manufacturing weakness is unlikely to reverse fully in H2FY25 amid increased global uncertainty, said a Standard Chartered Global …

India’s economic slowdown calls for a well-crafted response
1 month, 1 week ago

India’s economic slowdown calls for a well-crafted response

Live Mint  

Poll managers in the BJP must be heaving a sigh of relief: the underwhelming gross domestic product data for the July-September 2024 quarter has been released well after the Maharashtra assembly polls were done and dusted. Logging disappointing year-on-year growth of 5.4%, the GDP data print for the second quarter of 2024-25 is not only much below consensus estimates from …

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report
Trending News
1 month, 2 weeks 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 …

Top Events of the Day: RBI’s monetary policy panel meeting; Tata Power, NCC, PFC results, FirstCry IPO, and more
5 months, 1 week 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, …

India Ratings jacks up growth forecast to 7.5% this fiscal
5 months, 2 weeks ago

India Ratings jacks up growth forecast to 7.5% this fiscal

New Indian Express  

Citing the ongoing growth momentum led by government capex, deleveraged balance sheets of corporate robust quality banks’ assets, and a likely revival in private corporate capex, India Ratings has upped its growth forecast for the current fiscal to 7.5 percent—the highest among all analysts and 30 bps over the Reserve Bank estimate. Pegging higher growth at 7.5 percent for this …

RBI Monetary Policy: Raises FY25 real GDP growth forecast to 7.2% from 7%
7 months, 1 week ago

RBI Monetary Policy: Raises FY25 real GDP growth forecast to 7.2% from 7%

Live Mint  

The Reserve Bank of India, in its June monetary policy, has raised its real GDP growth forecast for the current financial year 2024–25 to 7.2 percent from 7 percent earlier. {{^adFree}} {{/adFree}} In line with market expectations, the RBI maintained its status quo on the benchmark interest rate at 6.5 percent during its second bi-monthly policy announcement for the financial …

RBI's Interest Rate Decision, PMI Data, Currency Movements To Drive Markets Ahead, Say Analysts
9 months, 2 weeks ago

RBI's Interest Rate Decision, PMI Data, Currency Movements To Drive Markets Ahead, Say Analysts

ABP News  

The interest rate decision from the Reserve Bank of India, macroeconomic data, and global trends will influence the markets in the week, analysts noted. Further, the analysts stated that foreign investors’ trading activity, fluctuations in the currency movements, and the trend in the global oil benchmark, Brent crude, will also drive trading in the equity markets, reported PTI. Arvinder Singh …

RBI keeps repo rate unchanged at 6.5%
11 months, 1 week ago

RBI keeps repo rate unchanged at 6.5%

Deccan Chronicle  

The Monetary Policy Committee of the Reserve Bank of India in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time.The repo rate is the rate of interest at which RBI lends to other banks.Deliberating the policy statement on Friday morning after a three-day …

Macro Trends, RBI Monetary Policy, Q3 Results To Drive Stock Markets: Analysts
11 months, 1 week ago

Macro Trends, RBI Monetary Policy, Q3 Results To Drive Stock Markets: Analysts

ABP News  

Quarterly earnings by major companies, global macro trends, and the Reserve Bank of India ’s upcoming monetary policy meeting will drive the stock markets in the week, analysts noted. Investments by Foreign Institutional Investors and Domestic Institutional Investors will also be monitored.” Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, added, “With the US Fed and interim …

RBI retains policy rate, ups growth projection
1 year, 1 month ago

RBI retains policy rate, ups growth projection

Hindustan Times  

The Reserve Bank of India’s last monetary policy of the calendar struck a happy note by increasing its growth forecast to 7% even as it signalled that it is completely in control of the inflation side of the growth-inflation balance it is expected to manage. “The summer of 2022 is behind us,” Reserve Bank of India governor Shaktikanta Das said …

RBI Monetary Policy Meet underway: Key things to watch out for
1 year, 1 month ago

RBI Monetary Policy Meet underway: Key things to watch out for

Live Mint  

Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the financial year 2023-24 on Friday, December 8, after a two-day review, as it observes the impact of global headwinds on India's macroeconomic indicators such as inflation trajectory and growth in gross domestic product. The review by the six-member Monetary Policy Committee led by Das will …

India’s Q2 GDP growth beats estimates at 7.6%
1 year, 1 month ago

India’s Q2 GDP growth beats estimates at 7.6%

Hindustan Times  

India’s economy grew 7.6% in the second quarter of the year, exceeding analyst expectations comfortably on the back of higher government spending and a strong performance by the manufacturing and construction sectors. India’s Q2 GDP growth beats estimates at 7.6% {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} “The GDP growth numbers for Q2 display the resilience and strength of the Indian economy in …

Services PMI signals September boost
1 year, 3 months ago

Services PMI signals September boost

The Hindu  

India’s services sector activity gained momentum in September, with new orders rising at the second fastest rate since June 2010, as per the S&P Global India Services Purchasing Managers’ Index, which moved up to 61 from 60.1 in August. Growth in new international orders slowed to a three-month low, yet was one of the quickest since September 2014, S&P Global …

India’s GDP growth accelerates to one-year high at 7.8% in June quarter
1 year, 4 months ago

India’s GDP growth accelerates to one-year high at 7.8% in June quarter

Live Mint  

India's gross domestic product grew by 7.8 per cent in the April-June quarter of current fiscal, compared to a growth of 6.1 per cent in the previous January-March quarter of fiscal 2022-23, according to official data shared by the National Statistical Office. However, some economists and rating agencies expect India's Q1 GDP print to beat the 8 per cent forecast …

Momentum softens: The Hindu Editorial on S&P Global’s survey
1 year, 6 months ago

Momentum softens: The Hindu Editorial on S&P Global’s survey

The Hindu  

July 07, 2023 12:20 am | Updated 12:39 am IST The latest Purchasing Managers’ Index for India’s manufacturing sector and the Services Business Activity Index for the economy’s broader services sector from S&P Global, posit a softening in momentum in economic activity. Its survey of about 400 manufacturers shows that production growth at major private sector factories eased marginally last …

Focus on what RBI has to say
1 year, 7 months ago

Focus on what RBI has to say

Hindustan Times  

The Monetary Policy Committee of the Reserve Bank of India begins its bimonthly meeting today, Tuesday, June 6. Most economists also believe that MPC will start cutting the policy rate sometime in the second half of the fiscal year. Given a wider unanimity on the fact that the current rate hike cycle is over and it is only a matter …

Inflation Momentum Softer Than Anticipated: RBI's State Of The Economy Report
1 year, 7 months ago

Inflation Momentum Softer Than Anticipated: RBI's State Of The Economy Report

ABP News  

The Reserve Bank of India’s State of the Economy report on Monday said that consumer price index-based inflation, which dropped below 5 per cent in April, for the first time since November 2021, demonstrated the central bank’s monetary policy decision. “The CPI inflation print for April 2023 indicates that momentum is turning out to be softer than anticipated on account …

DC Edit | Promising signs in economy
2 years, 1 month ago

DC Edit | Promising signs in economy

Deccan Chronicle  

The RBI governor Shaktikanta Das-led Monetary Policy Committee hiked the repo rate by 35 basis points to 6.25 per cent — the fifth straight increase in the current cycle since May 2022 — as it seeks to fight global uncertainty and uncomfortable levels of inflation. The RBI governor’s post-policy meeting comments hint that the central government remains focused on inflation, …

EMIs to rise as RBI hikes interest rate again albeit at a slower pace
2 years, 1 month ago

EMIs to rise as RBI hikes interest rate again albeit at a slower pace

Deccan Chronicle  

MUMBAI: The RBI on Wednesday expectedly slowed the pace of increase in borrowing costs in signs that rates may be nearing the peak, even as it reiterated its resolve to fight inflation that has stayed above the comfort zone for 10 straight months. The monetary policy committee, comprising three members from the RBI and three external members, raised the key …

India’s GDP likely slowed to 6.5% in Q2
2 years, 1 month ago

India’s GDP likely slowed to 6.5% in Q2

Live Mint  

After double digit expansion in the first quarter, India’s economic growth will likely slow to 6.5% in the second quarter largely due to the high base and erosion of corporate profitability due to inflation, according to economists. In fact, the second half of FY23 will likely see a sharp deceleration in growth on account of the global economic environment, which …

RBI hikes repo rate by 50 bps to 4.90%, retains GDP growth forecast at 7.2%
2 years, 7 months ago

RBI hikes repo rate by 50 bps to 4.90%, retains GDP growth forecast at 7.2%

Firstpost  

RBI Governor Shaktikanta Das announced that the central bank’s decision to raise MSF Rate and Bank rate to 5.15 per cent from 4.65 per cent The Reserve Bank of India on Wednesday raised key repo rate by 50 basis points to 4.90 per cent. CPI Inflation The RBI Monetary Policy Committee has raised CPI inflation forecast for FY23 to 6.7 …

PMI: India May Services Growth At 11-Year High, Input Inflation At Record
2 years, 7 months ago

PMI: India May Services Growth At 11-Year High, Input Inflation At Record

News 18  

India’s dominant services sector expanded at the fastest pace in 11 years in May on strong demand, although inflationary pressures touched new highs, restricting optimism and weighing on consumers’ pocketbooks, a private survey showed. The S&P Global India Services Purchasing Managers’ Index rose to 58.9 in May from 57.9 in April, its highest since April 2011 and comfortably beating the …

RBI Monetary Policy: GDP Growth Projection For FY23 Revised Down to 7.2% from 7.8% Earlier
2 years, 9 months ago

RBI Monetary Policy: GDP Growth Projection For FY23 Revised Down to 7.2% from 7.8% Earlier

News 18  

The Reserve Bank of India on Friday revised downwards its GDP growth projection for the current financial year to 7.2 per cent, compared with the 7.8 per cent forecast earlier. Presenting MPC’s first bi-monthly monetary policy statement for the financial year 2022-23, Das said, “The real GDP growth for 2022-23 is now projected at 7.2 per cent with Q1:2022-23 at …

RBI MPC: What Markets are Expecting From RBI's First Monetary Policy Meet this Fiscal
2 years, 9 months ago

RBI MPC: What Markets are Expecting From RBI's First Monetary Policy Meet this Fiscal

News 18  

The Reserve Bank of India’s Monetary Policy Committee will announce its policy decision tomorrow, i.e. It is widely agreed that this is going to be one of the most crucial policies of recent times amid uncertainties caused by the Russia-Ukraine conflict, commodity prices have gone through the roof, oil is on the boil and perhaps for the first time since …

RBI monetary policy: Interest rate unchanged at 4%, real GDP growth projected at 7.8%
2 years, 11 months ago

RBI monetary policy: Interest rate unchanged at 4%, real GDP growth projected at 7.8%

India Today  

In its first monetary policy review after Union Budget 2022, the Reserve Bank of India on Thursday announced that it is maintaining the status quo on the benchmark interest rate or repo rate at 4 per cent. The six-member Monetary Policy Committee headed by RBI Governor Shaktikanta Das announced the policy resolution today. The RBI's rate-setting panel began its three-day …

Is India's economy back on track? Here's what to expect from Q2 GDP numbers
3 years, 1 month ago

Is India's economy back on track? Here's what to expect from Q2 GDP numbers

India Today  

India’s economy witnessed a sharp recovery after the second Covid-19 wave battered growth earlier in the year. In the first quarter of FY22, the country’s GDP growth accelerated to a record 20.1 per cent on the back of improvement in the pandemic situation, aided by rising vaccination and reopening of the economy. Read | India’s GDP grows at over 20% …

RBI Monetary Police Today: Inflation, Surplus Management, Key Things to Watch Out for
3 years, 3 months ago

RBI Monetary Police Today: Inflation, Surplus Management, Key Things to Watch Out for

News 18  

The Reserve Bank of India Monetary Policy Committee is expected to keep the key lending rate unchanged and maintain ‘accommodative’ stance on October 8. India’s central bank maintained the repo rate at record low 4 per cent for seven consecutive times in the past. Inflation will be a concern for six-member RBI Monetary Policy Committee, especially when global crude oil …

RBI Monetary Policy Live Updates: FY22 GDP Growth at 9.5%, CPI Inflation Projected at 5.3% for Current Fiscal
3 years, 3 months ago

RBI Monetary Policy Live Updates: FY22 GDP Growth at 9.5%, CPI Inflation Projected at 5.3% for Current Fiscal

News 18  

RBI Monetary Policy Live Updates: Reserve Bank of India maintained status quo in its bi-monthly Monetary Policy meeting scheduled on October 8. The six-member Monetary Policy Committee of India’s central bank kept the key lending rate — repo rate unchanged at 4 per cent for the eighth time in a row. The MPC voted 5-1 to retain the accommodative stance …

Monetary Policy: RBI keeps policy rate unchanged for 6th time in a row; cuts growth forecast to 9.5%
3 years, 7 months ago

Monetary Policy: RBI keeps policy rate unchanged for 6th time in a row; cuts growth forecast to 9.5%

India TV News  

The Reserve Bank of India has decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy faces heat of the second COVID wave. MPC decided to maintain status quo, that is keeping benchmark repurchase rate at 4 per cent, Das said while announcing the bi-monthly monetary policy review on Friday. Das …

RBI MPC highlights: 2nd wave has moderated; expect demand to pick up
3 years, 7 months ago

RBI MPC highlights: 2nd wave has moderated; expect demand to pick up

Business Standard  

Special liquidity facility of Rs 16,000 crore to Sidbi to support MSMEs extended: RBI guv Rs 1.20 trillion worth of government securities to be purchased in the second quarter: Das RBI Monetary policy LIVE updates: CPI inflation MPC now sees CPI inflation at 5.1% in 2021-22; 5.2% in Q1, 5.4% in Q2, 4.7% in Q3 and 5.3% in Q4 Coverage …

Roadmap needed for RBI’s policy normalization
4 years, 3 months ago

Roadmap needed for RBI’s policy normalization

Live Mint  

The Reserve Bank of India’s response to the covid-induced economic crisis so far is optimum and well-calibrated. Global monetary easing coupled with the central bank’s timely stabilization measures led to a return of foreign portfolio inflows after record outflows in March. Strong capital inflows and a weak dollar led to nearly 4%-plus appreciation of the rupee between April and September …

The PMI bounce
4 years, 3 months ago

The PMI bounce

Live Mint  

After the Mint macro tracker, the IHS-Markit Purchasing Managers’ Index for India’s manufacturing sector suggests economic activity is picking up. That a rebound in export demand helped swell order books may indicate that overseas appetite for Indian goods is recovering. Goods and services tax collections in September, reported at ₹95,480 crore, also come as a spot of encouraging news. Manufacturers …

RBI Policy Review, Global Trends to Dictate Stocks This Week: Analysts
4 years, 3 months ago

RBI Policy Review, Global Trends to Dictate Stocks This Week: Analysts

News 18  

Stock markets are expected to consolidate in near-term due to economic uncertainty and a host of factors such as RBI monetary policy, car sales and macroeconomic data and global cues would dictate the direction in this holiday-shortened week, analysts said. The RBI's monetary policy review on October 1 and auto sales numbers would be among the key events for investors. …

India’s GDP to contract by 6.1% in April-June: Japan’s Nomura
4 years, 9 months ago

India’s GDP to contract by 6.1% in April-June: Japan’s Nomura

The Hindu  

The Indian economy will contract by 6.1% in the April-June quarter and is likely to expand only in the December quarter, a Japanese brokerage said on April 13, expecting another 0.75% in rates by the RBI to push growth in 2020. “We believe the ‘conventional’ flexible inflation targeting framework will take a backseat in forthcoming policy meetings and members will …

RBI policy: Central bank’s pessimistic GDP growth forecast, rate pause put ball in Narendra Modi govt’s court
5 years, 1 month ago

RBI policy: Central bank’s pessimistic GDP growth forecast, rate pause put ball in Narendra Modi govt’s court

Firstpost  

The big takeaway from the RBI monetary policy announced today is the fact that the central bank’s monetary policy committee is not yet ready to lower its guard on inflation and wants the government to do its bit to revive growth. Even then, the Reserve Bank of India has clearly acknowledged the severity of the growth scenario by lowering the …

RBI monetary policy: Central bank sharply lowers growth projection to 5% for current fiscal
5 years, 1 month ago

RBI monetary policy: Central bank sharply lowers growth projection to 5% for current fiscal

Firstpost  

The Reserve Bank on Thursday sharply lowered the growth forecast for the current financial year to 5 percent from the earlier estimate of 6.1 percent on account weak domestic and external demand Mumbai: The Reserve Bank on Thursday sharply lowered the growth forecast for the current financial year to 5 percent from the earlier estimate of 6.1 percent on account …

RBI keeps benchmark interest rate unchanged at 5.15%; other key highlights of monetary policy review
5 years, 1 month ago

RBI keeps benchmark interest rate unchanged at 5.15%; other key highlights of monetary policy review

Firstpost  

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 5.15 percent and decided to continue with its accommodative stance to support the economy The Reserve Bank of India on Thursday kept the key policy rate unchanged at 5.15 percent and decided to continue with its accommodative stance to support the economy. The central bank also …

Will speak to RBI governor on urgency of PMC depositors: Sitharaman
5 years, 3 months ago

Will speak to RBI governor on urgency of PMC depositors: Sitharaman

India TV News  

Finance Minister Nirmala Sitharaman on Thursday promised to bring in legislative changes for upholding of interests of PMC Bank customers. Addressing a press conference, Sitharaman said secretaries from the department of financial services and economic affairs will be meeting a deputy governor of RBI soon to look into the "shortcomings" of the functioning of multi-state cooperative banks and see if …

RBI Monetary Policy: India’s GDP growth estimate sharply cut to 6.1% for 2019-20
5 years, 3 months ago

RBI Monetary Policy: India’s GDP growth estimate sharply cut to 6.1% for 2019-20

Live Mint  

New Delhi: Owing to prevailing weak domestic demand conditions and subdued private investment, Reserve Bank of India’s Monetary Policy Committee today sharply reduced India’s GDP growth projection to 6.1% from 6.9% estimated in the August credit policy. The business expectations index of the Reserve Bank’s industrial outlook survey shows muted expansion in demand conditions in Q3,” according to the MPC …

India Manufacturing PMI hits 14-month high but business optimism fades
5 years, 10 months ago

India Manufacturing PMI hits 14-month high but business optimism fades

Live Mint  

Nikkei’s latest India Manufacturing Purchasing Managers’ Index points to a fair bit of buoyancy in the Indian economy. Boosted by new orders, business activity in India’s manufacturing sector expanded at the fastest pace in more than a year in February. India's Manufacturing PMI rose to a 14-month high of 54.3 in February, from 53.9 a month ago. Indeed, in the …

RBI MPC minutes: Spurring GDP growth now a priority amid low inflation outlook
5 years, 10 months ago

RBI MPC minutes: Spurring GDP growth now a priority amid low inflation outlook

Live Mint  

Mumbai: India needs to take steps to boost economic growth as the inflation outlook remains low, the Reserve Bank of India's monetary policy committee said in minutes released on Thursday. Most of the six-member MPC were in favour of spurring growth in Asia's third largest economy amid a soft inflation outlook on a sustained fall in food prices, minutes of …

Indian economy set to be bigger than UK’s this year
6 years ago

Indian economy set to be bigger than UK’s this year

Live Mint  

India’s economy grew at a faster pace than most major nations in 2018, and this year, it’s poised to overtake the U.K. to become the world’s fifth-biggest. The outcome of a general election due by May is a potential pitfall for a nation already battered by emerging market turmoil and a currency rout last year. Monetary Policy After raising interest …

Tracking India’s macroeconomic data in run-up to Elections 2019
6 years, 2 months ago

Tracking India’s macroeconomic data in run-up to Elections 2019

Live Mint  

Mumbai: The latest gross domestic product numbers show that the Indian economy grew at an impressive rate of 8.2% in the April-June quarter, the fastest quarterly growth in over two years. In recent months, all four indicators of industrial sector activity—Purchasing Managers’ Index, core infrastructure industries’ growth, bank lending and rail freight volume—have improved. However, despite positive signs in industry, …

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