In a surprise move on Thursday, the Monetary Policy Committee of the Reserve Bank of India unanimously decided to keep the repo rate unchanged at 6.50% and to remain focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Addressing a press conference after making his statement on the monetary policy, RBI …
The Reserve Bank of India's Monetary Policy Committee needs to see a decisive decline in inflation over a series of monthly readings before it shifts stance, which would otherwise be premature, deputy governor Michael Patra said on Wednesday while voting along with five other members of the MPC for raising the key lending rate by 35 basis points earlier this …
RBI's rate hike by 35 bps was a welcome move and a much-needed one too. The central bank has continued to hike the repo rate since May this year to tame stubbornly high inflation. After the 35 bps rate hike, Prasenjit K. Basu – Chief Economist, ICICI Securities said, " We do not view this as evidence of any intent …
The Reserve Bank of India is likely to opt for a 35 basis points rate hike at its policy meeting in December, after three consecutive 50 bps increases, as inflation eased in October and is likely to dip further, quoting analysts news agency Reuters said on Tuesday. Still, inflation eased to a three-month low of 6.77 per cent in October …
With India's economic growth sputtering, the Reserve Bank of India was expected to maintain a rate-cutting cycle, but an uptick in near-term inflation could give the central bank's Monetary Policy Committee reason to pause for now. Having cut its key lending rate by an aggressive 115 basis points in 2020, on top of 135 bps cuts in 2019, the RBI …
