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Monetary policy has to be forward looking, says RBI Governor Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday said that the monetary policy has to be forward looking, "as a rear view approach can lead to accidents". Das, who gave the analogy of car driving while delivering the Delhi School of Economics Diamond Jubilee Distinguished lecture, said that the conduct of monetary policy is like driving a car on the road with potential ditches and speed bumps. "As monetary policy works with long and variable lags, the forec...
Monetary policy has to be forward looking, says RBI Governor
Monetary policy has to be forward looking, says RBI Governor
Source: IANS
5/09/2023 7:57:33 PM
RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist The Reserve Bank of India (RBI) believes that the current surge in inflation, driven by food prices, is transient and it should moderate by the third quarter with the arrival of the kharif crop. However, with the inflation risk persisting, the RBI will continue to maintain a hawkish stance in the near future, Suman Chowdhury, Chief Economist and Head of Research, Acuite Ratings & Research, told IANS in an interview. Here he talks about the actions of the RBI and the Central governme...
RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist
RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist
Source: IANS
27/08/2023 12:34:03 PM
Vegetable prices in India to decline from September, says Central Bank chief Vegetable prices in India have begun to soften and are likely to decline from September, Reserve Bank of India (RBI) Governor Shaktikanta Das said in a speech on Wednesday. Spiralling prices of vegetables and cereals have led retail inflation in July to surge 7.44%, its highest in 15 months. "We expect to see an appreciable slowdown in vegetable inflation from September," Das said. The outlook for cereal prices looks bright even though geopolitical tensions could hamper foo...
Vegetable prices in India to decline from September, says Central Bank chief
Vegetable prices in India to decline from September, says Central Bank chief
Source: Reuters
24/08/2023 9:57:33 AM
Quote on Banking stocks under pressure after RBI Announced Incremental CRR For Banks by Dr. V K Vijayakumar, Geojit Financial Services Below the quote on Banking stocks under pressure after RBI Announced Incremental CRR For Banks from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services   RBI’s decision to raise the CRR on bank’s incremental NDTL between May 19th and July 28th 2023 to 10% is negative for banks. This will raise their cost of funds impacting their profitability. However, since banks are experiencing good credit growth and their NPAs are declining, ...
Quote on Banking stocks under pressure after RBI Announced Incremental CRR For Banks by Dr. V K Vijayakumar, Geojit Financial Services
Quote on Banking stocks under pressure after RBI Announced Incremental CRR For Banks by Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services Ltd
11/08/2023 1:41:20 PM
RBI Monetary Policy : Read between the lines - August 2023 by Axis Mutual Fund RBI Monetary Policy – Read between the lines *  With inflation as the top agenda for the central bank, the MPC action today can be perceived as a tad ‘hawkish’. Uncertainty on account of El-Nino patterns and external forces are likely factors affecting the MPC’s thought process. The big story was a surprise CRR action on incremental deposits raising eyebrows across market participants. * Policy Decision * Repo rate unchanged at 6.5% * SDF rat...
RBI Monetary Policy : Read between the lines - August 2023 by Axis Mutual Fund
RBI Monetary Policy : Read between the lines - August 2023 by Axis Mutual Fund
Source: PR Agency
11/08/2023 12:38:05 PM
Reaction On RBI MPC announcement Appreciate, a fintech platform for savings and investments By Mr. Shlok Srivastav, Appreciate Quote On RBI MPC announcement Appreciate, a fintech platform for savings and investments By Mr. Shlok Srivastav, COO, Appreciate “RBI’s studied stance on the unchanged repo rate and an ICRR hike has come as expected. While recent food inflation seems to be only temporary, it is imperative to control inflation with India’s festive season coming up. With an upward revision of CPI inflation from 5.1% to 5.4%, I don’t expect any rate cuts this FY.” &n...
Reaction On RBI MPC announcement Appreciate, a fintech platform for savings and investments By Mr. Shlok Srivastav, Appreciate
Reaction On RBI MPC announcement Appreciate, a fintech platform for savings and investments By Mr. Shlok Srivastav, Appreciate
Source: PR Agency
10/08/2023 8:01:33 PM
View on RBI Monetary Policy By Puneet Pal, PGIM India Mutual Fund Below the comment on RBI Monetary Policy by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund.   "RBI stays on hold while indicating its discomfort with the level of surplus liquidity as it surprisingly announces an incremental CRR (I-CRR) of 10% on the increase in Bank’s NDTL between May19, 2023 to July 28, 2023. We expect short term money market curve of up to 3-6 months maturity to be negatively impacted. We  expect the...
View on RBI Monetary Policy By Puneet Pal, PGIM India Mutual Fund
View on RBI Monetary Policy By Puneet Pal, PGIM India Mutual Fund
Source: PR Agency
10/08/2023 4:36:49 PM
Quote on MPC Announcement By Mr. Niraj Kumar Future Generali India Life Insurance Company Ltd Below the Quote on MPC Announcement from Future Generali India Life Insurance Company Ltd. “MPC has been well measured and level-headed in delivering today’s policy verdict of ‘A Pause’ while keeping Arjuna’s eye on Inflation and being nimble in its approach and action. MPC has rightly chosen to look through the recent surge in vegetable price inflation and has preferred to remain on a wait and watch mode along expected lines.  While the nudging of I...
Quote on MPC Announcement By Mr. Niraj Kumar Future Generali India Life Insurance Company Ltd
Quote on MPC Announcement By Mr. Niraj Kumar Future Generali India Life Insurance Company Ltd
Source: PR Agency
10/08/2023 4:32:08 PM
Daily Market Analysis : Markets remained volatile on the weekly expiry day and lost nearly half a percent says Ajit Mishra, Religare Broking Below the Market Analysis by Mr. Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.   Markets remained volatile on the weekly expiry day and lost nearly half a percent. After the initial downtick, Nifty oscillated in a range i.e. 19495-19625 and finally settled around the 19543.10 levels.  The majority of sectors traded in tandem wherein FMCG, pharma and banking were the top losers. The broader indices too witnessed profit taking and ended in the red. Nifty has be...
Daily Market Analysis : Markets remained volatile on the weekly expiry day and lost nearly half a percent says Ajit Mishra, Religare Broking
Daily Market Analysis : Markets remained volatile on the weekly expiry day and lost nearly half a percent says Ajit Mishra, Religare Broking
Source: PR Agency
10/08/2023 4:25:12 PM
Quote on US based Hedge Fund on the monetary policy By Suman Bannerjee, Hedonova Below the Quote on US based Hedge Fund on the monetary policy Suman Bannerjee, CIO, Hedonova   One important aspect is that capital expenditure by companies is set to increase. Healthy balance sheets of banks and corporates, supply chain normalisation, business optimism and robust government capital expenditure are favourable for a renewal of the capex cycle which is showing signs of getting broad-based. Capital expenditure normally leads to higher inflation. The decision to keep t...
Quote on US based Hedge Fund on the monetary policy By Suman Bannerjee, Hedonova
Quote on US based Hedge Fund on the monetary policy By Suman Bannerjee, Hedonova
Source: PR Agency
10/08/2023 3:30:05 PM
View on RBI Monetary Policy By Mr Murali Ramakrishnan, South Indian Bank Below the Quote by Mr. Murali Ramakrishnan, MD & CEO of South Indian Bank based on RBI's monetary policy   "RBI’s MPC’s measures over the last few quarters have been effective in maintaining a tight leash on headline inflation while facilitating economic growth. The Indian economy has responded by staying resilient in the face of heightened geo-political uncertainties and a volatile international demand-supply equation. To sustain the momentum, the MPC has,...
View on RBI Monetary Policy By Mr Murali Ramakrishnan, South Indian Bank
View on RBI Monetary Policy By Mr Murali Ramakrishnan, South Indian Bank
Source: PR Agency
10/08/2023 3:21:35 PM
Quote on MPC announcement by Mr. Prashant Pimple Fixed Income Baroda BNP Paribas Mutual Fund Below the Comments on the RBI Monetary Policy by Prashant Pimple, Chief Investment Officer - Fixed Income Baroda BNP Paribas Mutual Fund As expected, RBI kept its key rate unchanged at 6.50% and retained its stance of withdrawal of accommodation to ensure inflation remains within 4% target band. All 6 members of the Monetary Policy Committee (MPC) decided to hold rate steady keeping in mind the growth inflation dynamics and liquidity situation. After a series of hikes till Feb 20...
Quote on MPC announcement by Mr. Prashant Pimple Fixed Income Baroda BNP Paribas Mutual Fund
Quote on MPC announcement by Mr. Prashant Pimple Fixed Income Baroda BNP Paribas Mutual Fund
Source: PR Agency
10/08/2023 3:00:10 PM
Quote on outcome of MPC by Gurvinder Singh Wasan (CFA) JM Financial Asset Management Ltd. Below the Quote on outcome of MPC by Gurvinder Singh Wasan (CFA), Senior Fund Manager and Credit Analyst, JM Financial Asset Management Ltd   RBI pauses and retains stances –Rate cuts not visible, hikes cannot be ruled out. RBI has kept repo rate unchanged at 6.5% (MSF at 6.75% and SDF at 6.25%) with 6-0 votes and retained stance at ‘withdrawal of accommodation’ with a vote of 5-1. RBI has retained GDP forecast at 6.5% for FY24 while revising inflation for...
Quote on outcome of MPC by Gurvinder Singh Wasan (CFA) JM Financial Asset Management Ltd.
Quote on outcome of MPC by Gurvinder Singh Wasan (CFA) JM Financial Asset Management Ltd.
Source: PR Agency
10/08/2023 2:47:27 PM
Perspective on RBI Monetary Policy Announcement by Ms. Shilpa Pophale, Electronica Finance Limited Below the Perspective on RBI Monetary Policy Announcement by Ms. Shilpa Pophale, Managing Director & CEO, Electronica Finance Limited   RBI has done well to keep rates unchanged despite the recent US Fed rate hike. We have seen 250 bps rate hike past 2 years and that impact is still permeating into various sectors. While the RBI policy also emphasized on withdrawal of accommodation, its intention to support growth is encouraging and augurs well for overall industry including th...
Perspective on RBI Monetary Policy Announcement by Ms. Shilpa Pophale, Electronica Finance Limited
Perspective on RBI Monetary Policy Announcement by Ms. Shilpa Pophale, Electronica Finance Limited
Source: PR Agency
10/08/2023 2:25:46 PM
Quote on Impact of RBI`s statement on incremental CRR Akshay Tiwari By Religare Broking Ltd Below is our quote on - Impact of RBI's statement on incremental CRR. The incremental CRR (I-CRR) is intended to absorb the excess liquidity arising from deposits of Rs 2,000 notes in the system. In the banking system, the I-CRR may lead to setting aside additional reserves of ~Rs 1 lakh cr. This is a temporary measure and the RBI shall assess the demand/supply of liquidity on September 8th, 2023. This measure is not expected to have much impact on the banks profitability in the long r...
Quote on Impact of RBI`s statement on incremental CRR Akshay Tiwari By Religare Broking Ltd
Quote on Impact of RBI`s statement on incremental CRR Akshay Tiwari By Religare Broking Ltd
Source: PR Agency
10/08/2023 2:13:43 PM
Perspective on RBI MPC Announcement by Mr. Nikhil Gupta, Motilal Oswal Financial Services Ltd Below the perspective on RBI MPC Announcement by Mr. Nikhil Gupta, Chief Economist, Motilal Oswal Financial Services Ltd     As widely expected, the RBI kept all key interest rates unchanged with unanimous votes. The stance was also kept unchanged with 5-1 votes (except Prof. J Varma).   -- However, an incremental CRR of 10% of NDTL will be applied on additional NDTL attained between 19th May 2023 and 28th July 2023 by the banking system. The Gov...
Perspective on RBI MPC Announcement by Mr. Nikhil Gupta, Motilal Oswal Financial Services Ltd
Perspective on RBI MPC Announcement by Mr. Nikhil Gupta, Motilal Oswal Financial Services Ltd
Source: PR Agency
10/08/2023 2:03:38 PM
Perspective on RBI MPC Data By Mr. Mohit Ralhan , TIW Capital Below the perspective of Mr. Mohit Ralhan, Chief Executive Officer, TIW Capital on the RBI MPC Data. "As expected, the RBI decided to keep the policy rate unchanged while adopting a hawkish tone. The MPC decided to look through higher CPI readings in June. It was mainly because of higher vegetable prices, which the MPC expects to be temporary. It revised the inflation projection for this year to 5.4% from 5.1% earlier. This is because of a 100 bps and 30 bps upward revision in Q2...
Perspective on RBI MPC Data By Mr. Mohit Ralhan , TIW Capital
Perspective on RBI MPC Data By Mr. Mohit Ralhan , TIW Capital
Source: PR Agency
10/08/2023 1:53:29 PM
View On RBI Monetary Policy By Amar Ambani, Yes Securities Below the View On RBI Monetary Policy by Mr. Amar Ambani, Group President & Head - Institutional Equities, YES Securities (India) Limited   “The stock market was taken by surprise by RBI’s action to remove excess liquidity from the system, due to the influx of Rs 2000 bank notes, among other factors. RBI has introduced Incremental CRR (ICRR), to impound the effect of excess liquidity. This incremental CRR would be 10% of the increase of NDTL from 19th May ...
View On RBI Monetary Policy By Amar Ambani, Yes Securities
View On RBI Monetary Policy By Amar Ambani, Yes Securities
Source: PR Agency
10/08/2023 12:58:12 PM
RBI Monetary Policy announcement - Views By Mr. Shivaji Thapliyal Yes Securities Below the Quote on RBI Monetary Policy announcement - Views by Mr. Shivaji Thapliyal, Head of Research and Lead Analyst, Yes Securities “It may be noted that banks have the option of linking externally benchmarked loans to benchmarks set by the FBIL (Financial Benchmarks India Pvt Ltd) but the same have not been utilised as much as the repo rate or t-bill rate. It remains to be seen whether the aforementioned revision of regulations will lead to greater acceptance of FBIL benchm...
RBI Monetary Policy announcement - Views By Mr. Shivaji Thapliyal Yes Securities
RBI Monetary Policy announcement - Views By Mr. Shivaji Thapliyal Yes Securities
Source: PR Agency
10/08/2023 12:53:13 PM
RBI Monetary Policy reaction view By Palka Arora Chopra,Master Capital Services Below the RBI policy reaction view from Ms . Palka Arora Chopra, Director, Master Capital Services Though RBI raised some concerns on the inflation front due to uneven monsoon in some parts of the country which has led to an increase in vegetable prices. The committee expected that headline inflation will increase in the next couple of months which has led to RBI increasing the CPI inflation targets to 5.4% in FY24 vs an earlier projection of 5.1%. On the economic front, RB...
RBI Monetary Policy reaction view By Palka Arora Chopra,Master Capital Services
RBI Monetary Policy reaction view By Palka Arora Chopra,Master Capital Services
Source: PR Agency
10/08/2023 12:45:11 PM
As the RBI maintains a steady stance on interest rates Says Mr. Sunil Dewali, Andromeda Sales & Distribution Below Reaction on RBI Policy By Mr. Sunil Dewali, Co-CEO, Andromeda Sales & Distribution As the RBI maintains a steady stance on interest rates, our outlook is optimistic that the pivotal policy rate has found stability and may potentially decrease in the coming times. This bodes well for homebuyers, developers, and lenders alike. The enduring stability of EMIs, combined with the possibility of forthcoming rate reductions, is set to bolster the confidence of prospective homeb...
As the RBI maintains a steady stance on interest rates Says Mr. Sunil Dewali, Andromeda Sales & Distribution
As the RBI maintains a steady stance on interest rates Says Mr. Sunil Dewali, Andromeda Sales & Distribution
Source: PR Agency
10/08/2023 12:04:54 PM
The RBI's decision to keep the current interest rates unchanged Says Mr Pradeep Aggarwal, Signature Global India Below Reaction on RBI Policy By Mr Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd The RBI's decision to keep the current interest rates unchanged is a promising step towards easing the financial burden on prospective homebuyers. The surge in monthly EMIs observed over the past few months has considerably constrained the budgets of individuals belonging to the middle and lower-income brackets who aspire to own a home. By maintaining a steady intere...
The RBI's decision to keep the current interest rates unchanged Says Mr Pradeep Aggarwal, Signature Global India
The RBI's decision to keep the current interest rates unchanged Says Mr Pradeep Aggarwal, Signature Global India
Source: PR Agency
10/08/2023 11:56:53 AM
RBI has continued to maintain status quo on benchmark lending rates Says Vimal Nadar, Colliers India Below Reaction on RBI Policy By Vimal Nadar, Head of Research at Colliers India In one of the most keenly followed MPC meetings in recent times, RBI has continued to maintain status quo on benchmark lending rates. While the economic growth trajectory of India remains intact, food inflation and the consequential impact on consumer inflation remains a monitorable. The Central bank has factored in an inflation expectancy of 5.4% for FY 2023-24 in the GDP growth projection of 6....
RBI has continued to maintain status quo on benchmark lending rates Says Vimal Nadar, Colliers India
RBI has continued to maintain status quo on benchmark lending rates Says Vimal Nadar, Colliers India
Source: PR Agency
10/08/2023 11:52:20 AM
Reaction on RBI Policy: To ensure sustained growth, the real estate sector necessitates a stable Says Mr Mohit Jain, Krisumi Corporation Below Reaction on RBI Policy By Mr. Mohit Jain, Managing Director, Krisumi Corporation Differing from the U.S.A and European Central Banks, the RBI chooses to keep the Repo rate unchanged. This strategy is preferred to manage inflation and ease pressure on homebuyers. The period following the pandemic experienced an upswing in home purchases due to pent-up demand, which has since tapered off. To ensure sustained growth, the real estate sector necessitates a stable and predictable...
Reaction on RBI Policy: To ensure sustained growth, the real estate sector necessitates a stable Says Mr Mohit Jain, Krisumi Corporation
Reaction on RBI Policy: To ensure sustained growth, the real estate sector necessitates a stable Says Mr Mohit Jain, Krisumi Corporation
Source: PR Agency
10/08/2023 11:45:36 AM
Indian cenbank seeks greater transparency in interest rates of floating rate retail loans The Reserve Bank of India (RBI) on Thursday said it will put in place a framework to ensure greater transparency in resetting interest rates and tenors on floating rate loans, like housing credit. As policy interest rates rise, lenders pass on the burden to customers by either raising their monthly payments or increasing the tenor of their loan. The central bank said it found "several" instances of "unreasonable elongation of tenor" of floating rate loans by lenders ...
Indian cenbank seeks greater transparency in interest rates of floating rate retail loans
Indian cenbank seeks greater transparency in interest rates of floating rate retail loans
Source: Reuters
10/08/2023 11:41:54 AM
Reaction on RBI Policy: The RBI has maintained the status quo on key policy rates Says Mr Ashwin Chadha, India Sotheby's International Realty Below Reaction on RBI Policy By Mr Ashwin Chadha, CEO, India Sotheby's International Realty The RBI has maintained the status quo on key policy rates, highlighting that risks remain evenly balanced. The primary objective is to curb inflation and bring it within the comfortable range of 4%. This strategic move is anticipated to provide substantial impetus to India's broader growth trajectory. There is an emerging expectation that the RBI might eventually consider a reducti...
Reaction on RBI Policy: The RBI has maintained the status quo on key policy rates Says Mr Ashwin Chadha, India Sotheby's International Realty
Reaction on RBI Policy: The RBI has maintained the status quo on key policy rates Says Mr Ashwin Chadha, India Sotheby's International Realty
Source: PR Agency
10/08/2023 11:41:33 AM
Perspective on RBI MPC Policy Announcement by Ms. Anitha Rangan, Economist, Equirus on RBI Monetary Policy Announcement Below the Perspective by Ms. Anitha Rangan, Economist, Equirus on  RBI Monetary Policy Announcement    While in line with consensus RBI has kept its policy rate unchanged, in view of the surplus liquidity and perhaps to deliver an implicit hike (of lesser impact), RBI has temporarily increased the CRR levels by 10% of incremental NDTL of banks. This in effect takes out the 10% of surplus in the accumulated from INR 2000 note withdrawal and FX operations (~INR 300-350...
Perspective on RBI MPC Policy Announcement by Ms. Anitha Rangan, Economist, Equirus on RBI Monetary Policy Announcement
Perspective on RBI MPC Policy Announcement by Ms. Anitha Rangan, Economist, Equirus on RBI Monetary Policy Announcement
Source: PR Agency
10/08/2023 11:40:23 AM
MPC Outcome & impact on markets: The MPC has delivered in line with market expectations on rates Says Dr. V K Vijayakumar,Geojit Financial Services. Below Quote on MPC Outcome & impact on markets By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services The MPC has delivered in line with market expectations on rates, stance and tone, with retention of rates and stance and the tone turning hawkish. The significant change is the upward revision in FY24 CPI inflation projection from 5.1% to 5.4%. This means the high policy rates will remain high for long and, therefore, a rate cut can be expected only ...
MPC Outcome & impact on markets: The MPC has delivered in line with market expectations on rates Says Dr. V K Vijayakumar,Geojit Financial Services.
MPC Outcome & impact on markets: The MPC has delivered in line with market expectations on rates Says Dr. V K Vijayakumar,Geojit Financial Services.
Source: Geojit Financial Services Ltd
10/08/2023 10:48:20 AM
Breaking News - Inflation Expected To Surge In Jul - Aug Due To Vegetable Prices
Breaking News - Inflation Expected To Surge In Jul - Aug Due To Vegetable Prices
Breaking News - Inflation Expected To Surge In Jul - Aug Due To Vegetable Prices
Source: Investmentguruindia
10/08/2023 10:25:39 AM
Breaking News - MPC Remains Resolute To Align Inflation To Its 4% Target
Breaking News - MPC Remains Resolute To Align Inflation To Its 4% Target
Breaking News - MPC Remains Resolute To Align Inflation To Its 4% Target
Source: Investmentguruindia
10/08/2023 10:23:44 AM
RBI retains repo rate at 6.5% As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent. Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Thursday that the committee unanimously decided to keep the repo rate at 6.5 per cent. The MPC met on August 8th, 9th and 10th.
RBI retains repo rate at 6.5%
RBI retains repo rate at 6.5%
Source: IANS
10/08/2023 10:20:58 AM
Pre RBI policy expectation view By Ms Palka Arora Chopra, Master Capital Services Below Quote On Pre RBI policy expectation view By Ms Palka Arora Chopra, Director, Master Capital Services Ltd   In the forthcoming monetary policy meeting, RBI is likely to retain interest rates at the current level for the third consecutive time. This is due to the recent decline in the inflation rate, which has fallen below 5%. However, it is anticipated that RBI might employ preventive measures in the next meeting, but there is no fundamental reason to consider a...
Pre RBI policy expectation view By Ms Palka Arora Chopra, Master Capital Services
Pre RBI policy expectation view By Ms Palka Arora Chopra, Master Capital Services
Source: PR Agency
8/08/2023 11:29:11 AM
Impact of High Interest Rates on Home Buyers Across Segments By Akash Pharande, Managing Director - Pharande Spaces As we await the RBI's monetary policy decision on the repo rate, let us examine the factors involved, and their implications on the Indian housing market. There can be various reasons for a hike in the repo rate, including inflationary pressure, rising food and fuel prices, excessive growth in the money supply, weakening of the Indian rupee, global economic factors such as a significant increase in international crude oil prices or global market instability, inflation expectations, and...
Impact of High Interest Rates on Home Buyers Across Segments By Akash Pharande, Managing Director - Pharande Spaces
Impact of High Interest Rates on Home Buyers Across Segments By Akash Pharande, Managing Director - Pharande Spaces
Source: PR Agency
8/08/2023 11:10:24 AM
Investors await RBI monetary policy in the coming week Investors are awaiting the upcoming MPC meeting, where the RBI is expected to maintain its policy rates at 6.5 per cent, says Vinod Nair, Head of Research at Geojit Financial services. The week began on a positive note, with hopes of an end to the policy tightening era due to cooling inflation worldwide. However, negative news about the US rating downgrade, weak factory activity data from the Eurozone and China, and prolonged FII selling triggered by rising US bond yields caused widespread...
Investors await RBI monetary policy in the coming week
Investors await RBI monetary policy in the coming week
Source: IANS
6/08/2023 12:56:07 PM
Pre RBI Policy expectation quote by Pankaj Pathak, Quantum AMC Below Quote On Pre RBI Policy expectations By Pankaj Pathak, Fund Manager - Fixed Income, Quantum Mutual Fund   Since the last RBI policy, inflationary pressures have increased. Sharp jumps in vegetable prices have pushed expected inflation for the next 2-3 months above 6%. Cereal and pulse prices have also moved up. On this backdrop, the RBI should turn extra cautious at the upcoming MPC meeting.  We expect the RBI to remain on hold and maintain its policy s...
Pre RBI Policy expectation quote by Pankaj Pathak, Quantum AMC
Pre RBI Policy expectation quote by Pankaj Pathak, Quantum AMC
Source: Quantum AMC
4/08/2023 5:30:05 PM
RBI Policy Expectation Quote by Aditya Damani, Credit Fair Below Quote on the RBI Policy Expectation quote from Mr. Aditya Damani, Founder & CEO, Credit Fair "The RBI is expected to carry on with the current stance of 'withdrawal of accommodation, as CPI inflation has gone up to the higher than expected level. The repo rate is likely to remain unchanged. With the US Fed rate hike, possibility of rate cut remains distant. Having said that, MPC will definitely keep an eye on boosting consumer sentiment and capex momentum." ...
RBI Policy Expectation Quote by Aditya Damani, Credit Fair
RBI Policy Expectation Quote by Aditya Damani, Credit Fair
Source: PR Agency
3/08/2023 6:09:11 PM
RBI Policy Expectation quote from Mr. Aditya Damani, Founder & CEO, Credit Fair Below Quote on the RBI Policy Expectation quote from Mr. Aditya Damani, Founder & CEO, Credit Fair   "The RBI is expected to carry on with the current stance of 'withdrawal of accommodation, as CPI inflation has gone up to the higher than expected level. The repo rate is likely to remain unchanged. With the US Fed rate hike, possibility of rate cut remains distant. Having said that, MPC will definitely keep an eye on boosting consumer sentiment and capex momentum....
RBI Policy Expectation quote from Mr. Aditya Damani, Founder & CEO, Credit Fair
RBI Policy Expectation quote from Mr. Aditya Damani, Founder & CEO, Credit Fair
Source: PR Agency
31/07/2023 5:38:01 PM
Rupee weakens against US dollar on Wednesday Indian rupee weakened against the US dollar on Wednesday with caution ahead of the US Federal Reserve’s monetary policy decision on interest rates due later in the day, where it is widely expected to raise rates by another 25 basis points. Moreover, higher crude prices also dampened rupee sentiments. However, firm domestic equities and promises of more stimulus measures in the world's second largest economy capped the fall. Foreign Institutional Investors (FIIs) turned net buyers in...
Rupee weakens against US dollar on Wednesday
Rupee weakens against US dollar on Wednesday
Source: Accord Fintech
26/07/2023 12:36:20 PM
G-3 Monetary Policy by Emkay Global Financial Services Ltd Three major G3 central banks (CBs) will likely signal three directions this week. Although broad global cues are similar – of waning growth and inflation momentum – varying domestic backdrops and imperatives will push the Fed, ECB and BoJ to sound different from one another. FX markets, in particular, are already taking cues from these diverging paths of CBs. Although we respect the price action, the remainder of the global picture falls short of conditions historically associated...
G-3 Monetary Policy by Emkay Global Financial Services Ltd
G-3 Monetary Policy by Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
26/07/2023 9:12:27 AM
View On RBI Monetary Policy announcement By Mr. Abhay Bhutada, MD, Poonawalla Fincorp View On RBI Monetary Policy announcement  Mr. Abhay Bhutada, MD, Poonawalla Fincorp "RBI’s decision of having a regulatory framework for default loss guarantee arrangements is surely in the best interest of NBFCs. This will help reduce the risk factor undertaken while lending. On the other hand, the repo rate being unchanged is beneficial for NBFCs as it leads to the prospect for increase in loan consumption. With a steady rate, customers will be encouraged to opt for loa...
View On RBI Monetary Policy announcement By Mr. Abhay Bhutada, MD, Poonawalla Fincorp
View On RBI Monetary Policy announcement By Mr. Abhay Bhutada, MD, Poonawalla Fincorp
Source: PR Agency
10/06/2023 6:33:33 PM
View On RBI Monetary Policy announcement By Mr Ajit Banerjee, Shriram Life Insurance View On RBI Monetary Policy announcement By Mr. Ajit Banerjee CIO, Shriram Life Insurance Company "RBI on expected lines continued with the rate pause decision which it had announced in April’23 and maintained the status quo on stance on withdrawal of accommodation as the fight for taming the inflation continues. It has emphasised on the continued global fluidic situation prevailing. The policy tone was balanced, but it remained non-committal on the decision on  future...
View On RBI Monetary Policy announcement By Mr Ajit Banerjee, Shriram Life Insurance
View On RBI Monetary Policy announcement By Mr Ajit Banerjee, Shriram Life Insurance
Source: PR Agency
9/06/2023 12:08:43 PM
View on Monetary policy (June, 2023) By Nilesh Shah, Kotak Mahindra Asset Management Below View on Monetary policy (June, 2023) by Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company “The RBI is reminding of greatest opening batsman Sunil Gavaskar. Standing without fear in front of a challenging global environment. Taking a fresh stance after scoring a century on a challenging wicket to reassure everyone that Mai Hoon Na. Indian economy is ideally balanced between Growth and Inflation under the RBI’s navigation. Market will be pleasantl...
View on Monetary policy (June, 2023) By Nilesh Shah, Kotak Mahindra Asset Management
View on Monetary policy (June, 2023) By Nilesh Shah, Kotak Mahindra Asset Management
Source: PR Agency
9/06/2023 11:59:45 AM
View on Monetary policy June 2023 By G. Pradeepkumar , Union Asset Management Company Below View on Monetary policy (June, 2023) by G. Pradeepkumar is the CEO of Union Asset Management Company “The MPC decisions were on expected lines with the policy rate unchanged at 6.5%, on the back of a resilient economy and moderating inflation. Although there is no change in growth projections of 6.5% the inflation projection was marginally lowered to 5.1% from 5.2% in the last policy. MPC  to remain cautious on the inflationary trajectory as it remains above the ...
View on Monetary policy June 2023 By G. Pradeepkumar , Union Asset Management Company
View on Monetary policy June 2023 By G. Pradeepkumar , Union Asset Management Company
Source: PR Agency
9/06/2023 11:52:48 AM
RBI keeping watchful eye on inflation while supporting growth FICCI expects impact of monetary policy interventions to pave way for reversal of rate hike cycle in due course Commenting on the latest monetary policy announcement by RBI Governor, Mr Subhrakant Panda, President, FICCI said, “The Indian economy continues to display resilience and growth potential in a challenging global environment. The Governor’s objective assessment of the economy shows that growth momentum will continue in 2023-24 despite headwinds; there is...
RBI keeping watchful eye on inflation while supporting growth
RBI keeping watchful eye on inflation while supporting growth
Source: PR Agency
9/06/2023 8:54:59 AM
Quote on MPC Announcement By Mr. Jayaprakash, Jiraaf Below Quote on MPC Announcement By Mr. Jayaprakash, Chief Growth Officer, Jiraaf RBI’s decision to leave repo rates unchanged at 6.50% was expected as we have seen significant reduction in inflation over the past several months. Jiraaf sees this decision positively given it will support the economic growth of the country, and spur affordable and accessible credit to end customers. The cost of borrowing had been increasing for quite some time making it expensive for individu...
Quote on MPC Announcement By Mr. Jayaprakash, Jiraaf
Quote on MPC Announcement By Mr. Jayaprakash, Jiraaf
Source: PR Agency
8/06/2023 7:26:38 PM
View on RBI`s Monetary Policy By Shri Atul Kumar Goel, Punjab National Bank Below View On RBI’s Monetary Policy By Shri Atul Kumar Goel, MD and CEO of Punjab National Bank RBI has kept the rates and stance unchanged in line with the market expectations in view of easing retail inflation and anticipation of a further decline. Maintaining the growth projection of GDP for FY’24 at 6.5% reflects that RBI remains sanguine about the economic growth projections. Reduction of the Inflation projection for FY’24 also indicates optimism. RBI&rs...
View on RBI`s Monetary Policy By Shri Atul Kumar Goel, Punjab National Bank
View on RBI`s Monetary Policy By Shri Atul Kumar Goel, Punjab National Bank
Source: PR Agency
8/06/2023 7:08:35 PM
Monetary Policy - Quote By Suman Bannerjee, Hedonova Below quote On Monetary Policy - Quote Suman Bannerjee, CIO, Hedonova   A lower repo rate provides banks cheaper credit when it is passed on to the customers which in turn stimulates the GDP but causes inflation to trend higher. I think it's a wise choice to leave the repo rate unchanged. The rupee is still weak against the dollar and inflation is above 4%. 2023 GDP will come in lower than 2022 but taming inflation more is the need of the hour.  ...
Monetary Policy - Quote By Suman Bannerjee, Hedonova
Monetary Policy - Quote By Suman Bannerjee, Hedonova
Source: PR Agency
8/06/2023 5:55:46 PM
Comment On RBI Monetary Policy By Dr. Rupa Rege Nitsure, L&T Finance Below Comment On RBI Monetary Policy By Dr. Rupa Rege Nitsure – Group Chief Economist, L&T Finance “By holding the rates & policy stance, the RBI has shown its firm commitment to achieving the point target of inflation without compromising financial stability. In fact, the RBI appears to be more concerned about inflationary risks than growth risks during the second half of FY24. Additional measures like liberalizing the norms for borrowings in Call & Notic...
Comment On RBI Monetary Policy By Dr. Rupa Rege Nitsure, L&T Finance
Comment On RBI Monetary Policy By Dr. Rupa Rege Nitsure, L&T Finance
Source: PR Agency
8/06/2023 5:50:45 PM