Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut
Trending News
3 months, 2 weeks ago

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut

Live Mint  

As luck would have it, Sanjay Malhotra’s assuming charge of the Reserve Bank of India has been accompanied by a notable drop in inflation. Measured by the consumer price index, India’s inflation rate fell to 5.5% in November, compared with 6.2% in October, according to government data released on Thursday. October’s reading was the highest in 14 months, but November’s retreat would suggest that the spike above RBI’s 6% upper tolerance limit was a blip. Readings for the following few months would give us a better picture of whether RBI’s goal of price stability is being achieved. Given recent concerns over flagging economic growth, inflation even half a percentage point above RBI’s 4% central target may pave the way for a policy rate-cutting cycle starting February.

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History of this topic

India swap market prices in aggressive rate cuts by central bank in FY26
2 days, 23 hours ago

India swap market prices in aggressive rate cuts by central bank in FY26

Live Mint  

* Overnight index swap rates slide 10-15 bps in March * Economists now see three rate cuts this year * US tariff war hurts growth outlook, adds to rate cut case By Dharamraj Dhutia MUMBAI, - With inflation close to the Reserve Bank of India's target and growth weak, the country's overnight indexed swap markets have started pricing in far …

Message to RBI in inflation numbers
1 week, 5 days ago

Message to RBI in inflation numbers

Hindustan Times  

February’s inflation number of 3.6% is better than what most analysts expected it to be. PREMIUM Barring any large supply-side shocks in the food economy, analysts believe inflation should be close to RBI’s target in the next fiscal year which will begin from April What is the larger message behind the inflation numbers? Barring any large supply-side shocks in the …

RBI to slash benchmark repo rates by 75 bps in 2025; 25 bps reduction each in April, June, October MPCs: SBI Report
2 weeks ago

RBI to slash benchmark repo rates by 75 bps in 2025; 25 bps reduction each in April, June, October MPCs: SBI Report

Live Mint  

The Reserve Bank of India will likely slash the benchmark repo rate by a total of 75 basis points in 2025, with upcoming 25 bps reductions each in April, June, and October policy meetings. According to State Bank of India Research Ecowrap, experts believe India's consumer price index -based inflation will be 3.9 per cent in the fourth quarter of …

Mint Quick Edit | Inflation: In RBI’s control at last?
2 weeks, 2 days ago

Mint Quick Edit | Inflation: In RBI’s control at last?

Live Mint  

In January 2025, inflation was almost 4.3%. Policymakers at RBI would be heaving a sigh of relief, as the drop seems to validate their decision to cut interest rates last month in anticipation of a price cool-off. With concerns of economic growth having mounted, RBI’s next decision due in April could confirm a pivot away from inflation control to a …

Mint Quick Edit | Inflation: In RBI’s control at last?
2 weeks, 2 days ago

Mint Quick Edit | Inflation: In RBI’s control at last?

Live Mint  

Retail inflation in February eased to under the Reserve Bank of India ’s 4% target for the first time in six months, government data released on Wednesday showed. Policymakers at RBI would be heaving a sigh of relief, as the drop seems to validate their decision to cut interest rates last month in anticipation of a price cool-off. With concerns …

India’s retail inflation dips below 4%, February index at 7-month low
2 weeks, 2 days ago

India’s retail inflation dips below 4%, February index at 7-month low

Firstpost  

India’s retail inflation fell below 4% in February for the first time in six months mainly due to a decline in vegetable prices. Annual retail inflation in February eased to 3.61%, below economists’ estimate of 3.98% and the lowest since July Tomatoes covered with newspapers are seen in baskets at a vegetable wholesale market in Navi Mumbai on August 4, …

Retail inflation likely eased further to 3.9% in February: Mint poll
2 weeks, 4 days ago

Retail inflation likely eased further to 3.9% in February: Mint poll

Live Mint  

India's retail inflation likely eased further to 3.9% in February from 4.3% in the previous month, driven by a continued decline in food prices, according to a Mint poll of 25 economists. "The reversal of spikes in volatile food items and fading of one-off shocks such as in edible oil prices suggests a continued fall in headline inflation, which is …

Retail inflation likely fell below 4% in February: Report
Trending News
2 weeks, 5 days ago

Retail inflation likely fell below 4% in February: Report

India Today  

India's February consumer inflation likely eased below the Reserve Bank of India's medium-term target of 4.0% for the first time in six months on moderating food price rises, a Reuters poll showed, bolstering expectations of interest rate cuts. As fresh winter produce hit markets over the past few months, food items - which make up nearly half of the inflation …

CPI inflation may have eased to 7-month low of 4.1% in February 2025: Bank of Baroda
Trending News
3 weeks, 1 day ago

CPI inflation may have eased to 7-month low of 4.1% in February 2025: Bank of Baroda

The Hindu  

The Consumer Price Index, that measures general price levels, may have dropped to a seven-month low of 4.1% in February 2025 from 4.3% last month on slowing increase in tomato and potato prices, according to data from Bank of Baroda. The Essential Commodities Index, constructed by BoB research showed a further deflation of 28.9% for tomato and inflation slowing to …

RBI MPC Minutes: Inflation moderate in near-term, global trade policies pose risk to growth outlook; 5 key highlights
1 month, 1 week ago

RBI MPC Minutes: Inflation moderate in near-term, global trade policies pose risk to growth outlook; 5 key highlights

Live Mint  

The Reserve Bank of India released the minutes of the Monetary Policy Committee meeting on Friday, February 21, highlighting that India's repo rate reduction was an appropriate policy response, with retail inflation moving towards the central bank's four per cent target. In his maiden monetary policy review, RBI Governor Malhotra expressed an optimistic outlook for India’s economic growth, saying the …

India’s Economic Growth Set to Pick Up Pace, RBI Says
1 month, 1 week ago

India’s Economic Growth Set to Pick Up Pace, RBI Says

Live Mint  

-- India’s economy has recovered its lost momentum and consumption demand may improve on the back of moderating inflation and tax relief, the Reserve Bank of India said in its monthly bulletin. According to the RBI report, robust monsoon-sown crop and better winter sowing, along with higher reservoir levels, “augur well for food inflation going forward.” But uncertainty in global …

Trade-related policies to stroke inflation, heighten market turbulence: RBI Bulletin
1 month, 1 week ago

Trade-related policies to stroke inflation, heighten market turbulence: RBI Bulletin

The Hindu  

The near-term outlook of the global economy is being shaped by trade-related policies of major economies amid slowing pace of disinflation and these policies could stoke inflation, engender tighter financial conditions, and heighten market turbulence, Reserve Bank of India officials said in the February edition of RBI Bulletin released on Wednesday. However in India, high frequency indicators point towards a …

Retail inflation eases to 5-month low: What it actually meant for your wallet
1 month, 2 weeks ago

Retail inflation eases to 5-month low: What it actually meant for your wallet

Hindustan Times  

How costly or cheap a product gets over time is measured by the retail inflation data that is presented by the government. The Union statistics and programme implementation ministry on February 12 released the retail inflation data for the month of January. Since retail inflation is measured by tracking the price movements of several commodities being sold across India, the …

Retail inflation hits five-month low in January; industrial output slows in December
1 month, 2 weeks ago

Retail inflation hits five-month low in January; industrial output slows in December

Live Mint  

India's retail inflation eased to a five-month low in January, driven by a slower increase in food prices, according to provisional government data released on Wednesday. Food inflation, a persistent challenge, rose 6.02% in January compared to 8.39% annual rise in December, 9.04% in November, and 8.30% in the year-ago period. A Mint poll of 23 economists had estimated retail …

India's inflation likely to dip to a 5-month low of 4.60% in January: Report
1 month, 2 weeks ago

India's inflation likely to dip to a 5-month low of 4.60% in January: Report

India Today  

India’s common man is likely to get some relief as the country’s consumer inflation is expected to fall to a five-month low of 4.60% in January 2025, as compared to 5.22% which was recorded in December last year, reported news agency Reuters. The Reserve Bank of India in the latest Monetary Policy Committee meeting announced a cut of 25 basis …

Monetary policy: Surely, a rate cut could’ve waited for some clarity to emerge
1 month, 2 weeks ago

Monetary policy: Surely, a rate cut could’ve waited for some clarity to emerge

Live Mint  

Even in the otherwise arcane world of central banks, where rules have long displaced discretion and legislated mandates are the order of the day. How else can one explain the difference in policy outcomes at the February 2025 meeting of the Reserve Bank of India’s Monetary Policy Committee vis-à-vis its earlier meeting in December 2024? After the shift to ‘flexible …

RBI Governor Sanjay Malhotra targets ‘investor-friendly’ India: How will the rate cut impact sluggish growth?
1 month, 2 weeks ago

RBI Governor Sanjay Malhotra targets ‘investor-friendly’ India: How will the rate cut impact sluggish growth?

Live Mint  

The Reserve Bank of India Governor Sanjay Malhotra said on Saturday, February 8, that the central bank aims to make India more investor-friendly, and the rates cuts are set to support growth and consumption in the nation, PTI reported. The Reserve Bank of India on February 7 announced a 25-basis-points rate cut to 6.25 per cent, to fuel the growth …

Mint Explainer | RBI's rate cut and how it will benefit retail borrowers
1 month, 3 weeks ago

Mint Explainer | RBI's rate cut and how it will benefit retail borrowers

Live Mint  

Mumbai: The Reserve Bank of India’s monetary policy committee on Friday delivered a much-anticipated rate cut of 25 basis points, taking the policy repo rate to 6.25%. The first rate cut in five years, the Monetary Policy Committee's decision will lead to lower equated monthly instalments or EMIs by retail borrowers by an equivalent amount, provided their rates are linked …

RBI projects FY26 inflation at 4.2%, down from 4.8% estimate in 2024-25
1 month, 3 weeks ago

RBI projects FY26 inflation at 4.2%, down from 4.8% estimate in 2024-25

The Hindu  

The Reserve Bank on Friday projected the retail inflation at 4.2% for next financial year beginning April while retaining the forecast for 2024-25 at 4.8%. Unveiling the last bi-monthly monetary policy of this fiscal year, RBI Governor Sanjay Malhotra said food inflation pressures, in absence of any supply side shock, should see a significant softening due to good kharif production, …

RBI monetary policy: Central bank projects inflation at 4.2% for FY26
1 month, 3 weeks ago

RBI monetary policy: Central bank projects inflation at 4.2% for FY26

Live Mint  

RBI Monetary Policy: The new Reserve Bank of India Governor Sanjay Malhotra delivered a 25 basis points rate cut on Friday, February 26, the first such move by the country's central bank in almost five years, in a bid to spur the slowing Indian economy. The MPC noted that though growth is expected to recover, it is much lower than …

Mint Quick Edit | A rupee slide needn’t be bad for India
1 month, 3 weeks ago

Mint Quick Edit | A rupee slide needn’t be bad for India

Live Mint  

The rupee seems to be on a relatively unrestrained slide. If the rupee is held artificially high, it gets exposed to speculative attacks, even though capital controls can shield it to an extent. A fairly valued rupee would also enable Indian exporters to stay competitive. Under a new governor, the Reserve Bank of India may have reduced dollar sales in …

India’s CAD to widen to 1.3% of GDP in FY26 on export headwinds from Trump’s trade policies: Crisil
1 month, 3 weeks ago

India’s CAD to widen to 1.3% of GDP in FY26 on export headwinds from Trump’s trade policies: Crisil

Live Mint  

India's economy is expected to grow at 6.5 per cent in the next financial year 2025-26, slightly higher than the 6.4 per cent growth estimated for the ongoing fiscal year. “Lower inflation and the RBI's rate cuts are expected to lift growth next fiscal, assuming a normal monsoon and lower crude oil prices,” said Crisil. If India's inflation moves closer …

Mint Quick Edit | Inflation is down: Will interest rates follow?
2 months, 2 weeks ago

Mint Quick Edit | Inflation is down: Will interest rates follow?

Live Mint  

With inflation a bugbear for policymakers, it’ll be a relief that the year-end saw price pressures ease, even if only a bit. Government data released on Monday showed that India’s consumer price index rose 5.2% from a year earlier in December, slower than the 5.5% rise in November. Though it’s still above the 4% central target being pursued by the …

Retail inflation eases to four-month low of 5.22%
2 months, 2 weeks ago

Retail inflation eases to four-month low of 5.22%

Hindustan Times  

India’s retail inflation eased in December 2024 to a four-month low of 5.22% from a year ago, driven by cooling prices of perishable food commodities, brightening hopes of a rate cut by the central bank. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance …

India’s retail inflation drops to 4-month low at 5.22% for December: Govt data
Top News
2 months, 2 weeks ago

India’s retail inflation drops to 4-month low at 5.22% for December: Govt data

Firstpost  

After a reduction in food prices, retail inflation eased to a four-month low of 5.22% in December, compared to 5.48% in November. Retail inflation eased to a four-month low of 5.22 per cent in December, as compared to 5.48 per cent in November, according to government data released on Monday. As per the Consumer Price Index data released by the …

Retail inflation eases to four-month low of 5.22% in December 2024
2 months, 2 weeks ago

Retail inflation eases to four-month low of 5.22% in December 2024

The Hindu  

India’s retail inflation eased a bit to a four-month low of 5.22% in December 2024 from 5.5% in November 2024, with food inflation cooling marginally from 9.04% in November to 8.4% last month, the National Statistics Office said on Monday. With December’s inflation print, India’s Consumer Price Inflation has averaged 5.63% in the third quarter of 2024-25, just a little …

Retail inflation eases to 4-month low of 5.22% in December
2 months, 2 weeks ago

Retail inflation eases to 4-month low of 5.22% in December

India Today  

India’s retail inflation dipped to a four-month low of 5.22% in December 2024, driven by a slowdown in food price increases, according to data released by the Ministry of Statistics and Programme Implementation. STATE-WISE INFLATION TRENDS Inflation rates varied across states, with 13 out of 22 states reporting inflation above the national average of 5.22% in December. RBI HOLDS STEADY …

India’s inflation likely eased to 5.3% in December: Mint poll
2 months, 2 weeks ago

India’s inflation likely eased to 5.3% in December: Mint poll

Live Mint  

India’s retail inflation likely moderated to a four-month low of 5.3% in December, down from 5.5% in November, driven by the seasonal decline in food prices, according to the median estimate of 25 economists in a Mint poll. If the poll’s median estimate proves accurate, it would lead to an average of 5.7% in the October-December quarter, which will be …

Indira Rajaraman: It pays to track of popular perceptions of public policy
2 months, 3 weeks ago

Indira Rajaraman: It pays to track of popular perceptions of public policy

Live Mint  

Public policy is so termed because it is done for us the people, the public. The Reserve Bank of India conducts a six-monthly survey of 3-month and 1-year ahead inflation expectations, termed Subjective Inflation Expectations in the economics literature. The average expectation across households in the sample, hovering around 10 % over the last ten years, has consistently remained well …

India’s Government Cites Central Bank Policy for Slowdown
3 months ago

India’s Government Cites Central Bank Policy for Slowdown

Live Mint  

-- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. India’s government partly blamed the central bank’s tight monetary policy for the economy’s weak performance and said growth will likely improve in the second half of the fiscal year as demand picks up and restrictive measures ease. “The combination of monetary …

Mint Quick Edit | Has the rupee weakened or strengthened?
3 months ago

Mint Quick Edit | Has the rupee weakened or strengthened?

Live Mint  

On the face of it, the Indian rupee seems to be weakening, having fallen to a low of around 85.26 to the dollar. The rupee’s real effective exchange rate, which measures its value relative to a basket of trade-relevant currencies, is at a peak. A part of the rupee’s relative strength may be attributed to market intervention by the Reserve …

RBI’s monetary policy may have slowed demand: Finance Ministry
3 months ago

RBI’s monetary policy may have slowed demand: Finance Ministry

The Hindu  

The Finance Ministry on Thursday said the “combination of monetary policy stance and macroprudential measures by the central bank may have contributed to the demand slowdown” in the economy — remarks that come two days after a Reserve Bank of India monthly bulletin article mooted urgent action to “excoriate inflation” so as to lend a stronger push for consumption and …

Price stability crucial for India’s economic growth, says RBI
3 months, 1 week 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 …

Mint Quick Edit | A penny for the Fed’s thoughts
3 months, 1 week ago

Mint Quick Edit | A penny for the Fed’s thoughts

Live Mint  

Even as hopes grow of the Federal Reserve cutting rates, the US central bank may have a happy problem. To be sure, a quarter-point cut may yet come through, as its policy rate is still seen to be above the neutral rate—one where the economy grows at its potential without stoking inflation. The Reserve Bank of India would be watching …

Mint Primer: Why it will be a baptism by fire for new RBI Guv
3 months, 1 week ago

Mint Primer: Why it will be a baptism by fire for new RBI Guv

Live Mint  

On 11 December, Sanjay Malhotra, a career bureaucrat, took over as the 26th governor of the Reserve Bank of India. The government feels the slowdown is temporary but what should worry the new RBI governor more is the evolving stagflationary scenario—that’s slow growth accompanied by high inflation. Even before its previous meeting earlier this month, the Monetary Policy Committee which …

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
3 months, 1 week ago

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October

Firstpost  

Headline retail inflation, the key target for the Reserve Bank of India’s monetary policy decisions, eased to 5.48% in November, down from 6.21% in the prior month India’s wholesale inflation slowed in November to 1.89% year-on-year, easing from the previous month, due to a smaller increase in food prices, government data showed on Monday. The wholesale inflation rate, a proxy …

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?
3 months, 1 week 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 …

RBI repo rate cut expectations build as CPI inflation moderates; Economists expect shallow rate-cut cycle from February
3 months, 2 weeks ago

RBI repo rate cut expectations build as CPI inflation moderates; Economists expect shallow rate-cut cycle from February

Live Mint  

India’s retail inflation in November aligned with market expectations and remained within the Reserve Bank of India’s tolerance band. Analysts anticipate that the RBI could initiate a shallow rate-cut cycle in its February 2025 policy meeting, provided inflation continues to decline. Hitesh Suvarna of JM Financial anticipates that the next step in RBI’s policy action will involve a rate cut, …

India bond yields seen a tad higher ahead of debt supply
3 months, 2 weeks ago

India bond yields seen a tad higher ahead of debt supply

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 13 - Indian government bonds are expected to rise marginally in early deals on Friday, as market participants await a fresh supply of debt through the weekly auction, while elevated U.S. yields will continue to weigh on sentiment. New Delhi aims to raise 370 billion rupees through the sale of bonds later in the day, …

DC Edit | FM, new RBI chief signal cut
3 months, 2 weeks 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 slows slightly at 5.48%
3 months, 2 weeks ago

Retail inflation slows slightly at 5.48%

Hindustan Times  

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

India’s retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October
3 months, 2 weeks ago

India’s retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October

Live Mint  

Hopes of an early rate cut were rekindled on Thursday as retail inflation fell back within the central bank's tolerance band in November, while factory output hit a three-month high in October, in good news for the economy that slowed in the second quarter. Retail inflation based on the consumer price index fell to a three-month low of 5.48% in …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
3 months, 2 weeks ago

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons

India TV News  

India's retail inflation has declined to 5.48 per cent in November compared to 6.21 pewr cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index data released by the National Statistics Office, the inflation in the food basked reduced to 9.04 per cent in November. The CPI-based …

Retail inflation eases to 5.48% in November from above 6% in October
3 months, 2 weeks 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 …

Retail inflation data today. 3 things you should know
3 months, 2 weeks ago

Retail inflation data today. 3 things you should know

India Today  

The retail inflation data for November is set to be released on Thursday, and all eyes are on the figures after October’s inflation rate climbed to a 14-month high, owing to a rise in food prices, especially vegetable prices. OCTOBER’S INFLATION BREACHES RBI TOLERANCE LEVEL In October, inflation rose to 6.2%, surpassing the Reserve Bank of India's upper tolerance threshold …

India’s Inflation Story: Here are five key things you should know
3 months, 2 weeks ago

India’s Inflation Story: Here are five key things you should know

Live Mint  

India's inflation is at its 14-month peak, according to October 2024 data from the Ministry of Statistics and Programme Implementation. According to data released by the Ministry of Statistics and Programme Implementation on November 12, India's consumer price index inflation rose to 6.2 per cent in October 2024, compared to 5.49 per cent in September 2024. Finance Ministry's Inflation Target: …

Inflation likely eased to 5.5% in November: Mint poll
3 months, 2 weeks 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 to command last leg of RBI’s war on inflation
3 months, 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
3 months, 3 weeks 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 …

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