News

RBI MPC reaction : Good news for property buyers to take the plunge when sentiments are benign by Shri. Tribhuwan Adhikari, LIC Housing Finance Below the quote on today’s RBI MPC announcement by Shri. Tribhuwan Adhikari, MD & CEO of LIC Housing Finance    “As widely anticipated, RBI in today’s monetary policy has maintained a status quo for the third time with rates steady at 6.5%. This ensures that a stable rate environment is here to stay for some more time.  India's consumption story remains strong, and the festive season ahead will add further buoyancy to the realty ma...
RBI MPC reaction : Good news for property buyers to take the plunge when sentiments are benign by Shri. Tribhuwan Adhikari, LIC Housing Finance
RBI MPC reaction : Good news for property buyers to take the plunge when sentiments are benign by Shri. Tribhuwan Adhikari, LIC Housing Finance
Source: PR Agency
10/08/2023 4:42:25 PM
RBI MPC Policy views By Umesh Mohanan, Indel Money Below RBI MPC Policy views from Umesh Mohanan, Executive Director and CEO, Indel Money.   "Keeping the policy stance and repo rate unchanged is in the expected line. Measures to absorb surplus liquidity will pave the way for price stability. As economic activities are gaining momentum and credit demand is becoming stronger, frictionless credit delivery through the public tech platform announced by the RBI will go a long way in addressing credit under-penetration and ...
RBI MPC Policy views By Umesh Mohanan, Indel Money
RBI MPC Policy views By Umesh Mohanan, Indel Money
Source: PR Agency
10/08/2023 2:38:46 PM
Perspective on RBI MPC announcement by Mr. Nish Bhatt, Millwood Kane International Below the perspective on RBI MPC announcement Mr. Nish Bhatt, Founder & CEO, Millwood Kane International   “The RBI keeping rates on hold is a prudent step as inflation is still within the targetted range. The key pain point within the retail inflation is due to the high food and vegetable prices which is transitory. The RBI's move to reduce system liquidity, hinting at rate tightening, or keeping rates elevated for a higher duration than earlier expected is...
Perspective on RBI MPC announcement by Mr. Nish Bhatt, Millwood Kane International
Perspective on RBI MPC announcement by Mr. Nish Bhatt, Millwood Kane International
Source: Millwood Kane International
10/08/2023 1:49:53 PM
Quote on RBI MPC Maintains Policy Rate at 6.5% Amid Inflation and Growth Projections by Ajit Kabi, LKP Securities Below the Quote on the RBI MPC Maintains Policy Rate at 6.5% Amid Inflation and Growth Projections by Ajit Kabi, Banking analyst at LKP Securities   RBI has kept the policy rate unchanged at 6.5% in the recent MPC meet. The inflation may not cause worries (excluding CPI). The CPI forecast for FY24 has raised to 5.4% from 5.1% estimated earlier. Moreover, the real GDP growth forecast was pegged at 6.6%. RBI MPC remains resolute in its commitment to align inflatio...
Quote on RBI MPC Maintains Policy Rate at 6.5% Amid Inflation and Growth Projections by Ajit Kabi, LKP Securities
Quote on RBI MPC Maintains Policy Rate at 6.5% Amid Inflation and Growth Projections by Ajit Kabi, LKP Securities
Source: LKP Securities Ltd
10/08/2023 12:35:57 PM
Quote on MPC meetings impact on Retail Loans By Mr. Kaushik Mehta, Founder & CEO of Ruloans Distribution Pvt Ltd. Below the pre-expectation quote on MPC meetings impact on Retail loan by Mr. Kaushik Mehta, Founder & CEO of Ruloans Distribution Pvt Ltd.   The RBI's steadfast strategy of maintaining stable interest rates is likely to be the driving force for growth in retail loans, encompassing both personal and home loans. By ensuring consistent and predictable borrowing costs, this approach not only fosters a favourable environment for businesses and individuals to invest, ex...
Quote on MPC meetings impact on Retail Loans By Mr. Kaushik Mehta, Founder & CEO of Ruloans Distribution Pvt Ltd.
Quote on MPC meetings impact on Retail Loans By Mr. Kaushik Mehta, Founder & CEO of Ruloans Distribution Pvt Ltd.
Source: PR Agency
8/08/2023 12:00:17 PM
RBI MPC Expectation Quote : High core inflation affects the discretionary spending of the households by Shishir Baijal, Knight Frank India Below the Quote on RBI MPC Expectation Quote by Shishir Baijal- Chairman and Managing Director, Knight Frank India   “In its upcoming MPC meeting, we expect the RBI to keep the repo rate unchanged at 6.5%, continuing with a pause, as inflation, supported by statistical base has moderated, and will likely remain so. This provides enough support for the RBI to keep its key policy rate unchanged.   Additionally, inflation in other components, such ...
RBI MPC Expectation Quote : High core inflation affects the discretionary spending of the households by Shishir Baijal, Knight Frank India
RBI MPC Expectation Quote : High core inflation affects the discretionary spending of the households by Shishir Baijal, Knight Frank India
Source: Knight Frank
6/06/2023 3:06:33 PM
RBI-MPC may lower inflation forecast marginally: Bank of Baroda Chief Economist The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may lower the inflation forecast marginally and will not change the repo rate at the upcoming meeting owing to inflation being down and increased liquidity, said a top economist in Bank of Baroda. "The MPC will not change the repo rate. The inflation is less than five per cent and will be in the coming months," Chief Economist Madan Sabnavis, Bank of Baroda told IANS. The consumer price index (CPI) inflation...
RBI-MPC may lower inflation forecast marginally: Bank of Baroda Chief Economist
RBI-MPC may lower inflation forecast marginally: Bank of Baroda Chief Economist
Source: IANS
3/06/2023 2:22:09 PM
RBI has not made any significant modifications to its existing forecasts on growth 6.5% Says Rohan Juneja, TruCap Finance Below Quote on Monetary Policy By Rohan Juneja, Managing Director & Chief Executive Officer, TruCap Finance Limited The RBI monetary policy committee (MPC) has taken a pause on interest rate hikes which appears to be a prudent step, in our view. Though it has termed it as 'temporary' and retained its stance at 'withdrawal of accomodation' , the development is a positive for most sectors. RBI has highlighted that the war with inflation is not yet over and th...
RBI has not made any significant modifications to its existing forecasts on growth 6.5% Says Rohan Juneja, TruCap Finance
RBI has not made any significant modifications to its existing forecasts on growth 6.5% Says Rohan Juneja, TruCap Finance
Source: PR Agency
6/04/2023 4:22:13 PM
Real estate sector relieved with RBI holding on the existing rates The real estate players must be heaving a sigh of relief at the Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to hold the repo rate at 6.5 per cent. In an unanimous decision, the MPC on Thursday decided not to revise upwards or downwards the repo rate -- the rate at which the RBI lends to the banks. "The RBI's decision to hold rates is welcome as this will enhance buyers' confidence especially after repeated hikes had already increased the...
Real estate sector relieved with RBI holding on the existing rates
Real estate sector relieved with RBI holding on the existing rates
Source: IANS
6/04/2023 11:19:56 AM
Hoping for a High: India`s FY24 GDP growth rate predicted in 6-6.5% range Indias economic growth for 2023-24 is estimated to be in the band 6-6.5 per cent by experts in various agencies with difference only in the decimal point. The 4.4 per cent growth (down from 6.3 per cent in the previous quarter) logged during the third quarter of FY23 was predicted by the Reserve Bank of India (RBI) couple of months back while the markets had estimated it at a slightly higher level -- again difference only in the decimal point. In December 2022 announcing the RBI's M...
Hoping for a High: India`s FY24 GDP growth rate predicted in 6-6.5% range
Hoping for a High: India`s FY24 GDP growth rate predicted in 6-6.5% range
Source: IANS
4/03/2023 5:56:10 PM
RBI to continue or hit the pause button on rate hike? With the retail inflation down, if the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8. The RBI's MPC will be meeting on February 6-8 to decide on the rates. "Inflation has come down substantially over the last three months and showing further downward momentum. External conditions have also eased with slower rate hikes in the US. The RBI's foreign ...
RBI to continue or hit the pause button on rate hike?
RBI to continue or hit the pause button on rate hike?
Source: IANS
6/02/2023 9:12:09 AM
RBI Deputy Governor Michael Patra reappointed for one year The Centre on Monday reappointed Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra for a period of one year with effect from January 15. The decision was taken by the Appointments Committee of the Cabinet. Patra, a career central banker since 1985, had taken over as RBI Deputy Governor on January 14, 2020. He has worked in various positions in the central bank. As Executive Director, he was a member of the Monetary Policy Committee (MPC) of the RBI, which is entr...
RBI Deputy Governor Michael Patra reappointed for one year
RBI Deputy Governor Michael Patra reappointed for one year
Source: IANS
10/01/2023 8:58:55 AM
Inflation to further decline; government on track to meet budgetary target for deficit: Nirmala Sitharaman Executing confidence that inflation would further decline, Finance Minister Nirmala Sitharaman has said that the government is on track to meet its budgetary target for deficit and added that there is no fear of stagflation in India. She further said that inflation has come down and it is now in the tolerable band of the RBI. She highlighted that inflation has been declining since April 2022 and it is declining further. As per the law, Monetary Policy Committee headed by RBI Governor has been...
Inflation to further decline; government on track to meet budgetary target for deficit: Nirmala Sitharaman
Inflation to further decline; government on track to meet budgetary target for deficit: Nirmala Sitharaman
Source: Accord Fintech
15/12/2022 11:24:35 AM
RBI`s monetary policy committee to meet on November 3 over inflationary concerns The Reserve Bank of India (RBI) on Thursday announced that its Monetary Policy Committee (MPC) will have an off-cycle meeting on November 3. The MPC's off-cycle meeting has been convened as the central bank has failed to curb inflation, which has remained beyond its tolerance limit of 2 to 6 per cent for the past nine months. Consumer Price Index (CPI) based retail inflation rose to 7.41 percent in September. Retail inflation has remained beyond RBI's tolerance limit for the las...
RBI`s monetary policy committee to meet on November 3 over inflationary concerns
RBI`s monetary policy committee to meet on November 3 over inflationary concerns
Source: IANS
28/10/2022 9:27:46 AM
India should pause rate hikes as growth fears loom - MPC`s Jayant Varma India's central bank should pause interest rate hikes, despite unacceptably high inflation, to avoid stalling a recovery in economic growth, monetary policy committee member Jayant Varma told Reuters on Monday. The Reserve Bank of India's monetary policy committee has raised its key repo rate by 190 basis points since the start of its tightening cycle in May, with net impact of all steps taken resulting in a close to 250 basis points increase, Varma said. "There is no denyi...
India should pause rate hikes as growth fears loom - MPC`s Jayant Varma
India should pause rate hikes as growth fears loom - MPC`s Jayant Varma
Source: Reuters
18/10/2022 9:50:27 AM
Current global situation, strong dollar led to repo rate hike: RBI MPC meeting minutes The RBI's Monetary Policy Committee (MPC), after its meeting on September 30, had hiked repo rate by 50 basis points to 5.90 per cent over rising inflation concerns. It had said at that time that inflation is expected to remain elevated at around 6 per cent in the second half of 2022-23. The decision was also taken on the basis of an assessment of the current and evolving macroeconomic situation, according to the minutes of the MPC meeting released on Friday. The committee took t...
Current global situation, strong dollar led to repo rate hike: RBI MPC meeting minutes
Current global situation, strong dollar led to repo rate hike: RBI MPC meeting minutes
Source: IANS
15/10/2022 10:32:17 AM
RBI hikes repo rate by 50 bps; retains FY23 GDP forecast at 7.2% The Reserve Bank of India (RBI) has increased the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points (bps) to 5.40 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate stood adjusted to 5.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5.65 per cent. The RBI’s Monetary Policy Committee (MPC) also decided to remain focused on withdrawal of accommodation to ensure that inflation remains with...
RBI hikes repo rate by 50 bps; retains FY23 GDP forecast at 7.2%
RBI hikes repo rate by 50 bps; retains FY23 GDP forecast at 7.2%
Source: IANS
5/08/2022 10:12:28 AM
MPC members express concern over continued high inflation: Minutes Minutes of the latest Monetary Policy Committee (MPC) meeting has said that all the six members of the MPC, including the RBI Governor, expressed concern over continued high inflation and stressed that the Reserve Bank of India's (RBI) endeavour would be to bring down price rise within the target range. The RBI's rate-setting panel, which met during June 6-8, raised the key interest rate by 50 basis points -- the second hike within five weeks. In early May, the policy repo rate was hi...
MPC members express concern over continued high inflation: Minutes
MPC members express concern over continued high inflation: Minutes
Source: Accord Fintech
23/06/2022 12:47:36 PM
RBI MPC minutes : The great rotation - Emkay Global The great rotation * The minutes of the June meeting reflected continued policy urgency and a need to catch up with heightened inflation uncertainties. The persistent inflation narrative saw coherence among members as most of them believed that irrespective of the source of inflation (supply or demand side), there was a need for policy tilt to tame current high-level inflation. * Even though the MPC rhetoric has firmly moved in a hawkish direction, the issue of real terminal rates seems...
RBI MPC minutes : The great rotation - Emkay Global
RBI MPC minutes : The great rotation - Emkay Global
Source: Emkay Global Financial Services Ltd
23/06/2022 12:20:09 PM
Majority feel latest moves by RBI would fail to tame inflation Rising prices caused by shortages, global oil prices and supply chain disruptions have been a matter of concern for a majority of Indians ever since the first lock down was announced in March 2020. Since then IANS-C Voter tracker data has consistently shown that a majority of Indians feel that income has gone down or remained the same while expenses have gone up. Perhaps to provide a boost to this consumer, the Reserve Bank of India has refrained from raising interest rates for almost t...
Majority feel latest moves by RBI would fail to tame inflation
Majority feel latest moves by RBI would fail to tame inflation
Source: IANS
11/06/2022 9:48:39 AM
MPC hikes policy repo rate by 50bp – the third rate action in FY23 to date - Motilal Oswal MPC hikes policy repo rate by 50bp – the third rate action in FY23 to date We are close to the end of the rate hike cycle * The RBI, on 8th Jun’22, hiked the repo rate by 50bp to 4.9%. Consequently, the effective policy rate – i.e. Standing Deposit Facility (SDF) – now stands at 4.65% and the Marginal Standing Facility (MSF)/bank rate stands at 5.15%. This is the third rate action by the RBI in FY23 to date. For the first time, the statement excluded the &ld...
MPC hikes policy repo rate by 50bp – the third rate action in FY23 to date - Motilal Oswal
MPC hikes policy repo rate by 50bp – the third rate action in FY23 to date - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/06/2022 11:52:35 AM
RBI hikes 50bp as expected; policy to focus on bringing inflation into line - ICICI Securities * The RBI’s MPC hiked the policy repo rate by 50bp as expected, but its accompanying statement turned marginally more hawkish. The Jun’22 statement dropped the intent “to remain accommodative” (contained in the May’22 statement), instead making it clear that the MPC was now “focused on withdrawal of accommodation to ensure that inflation remains within the target going forward”, and implying that it could return to “supporting growth” only...
RBI hikes 50bp as expected; policy to focus on bringing inflation into line - ICICI Securities
RBI hikes 50bp as expected; policy to focus on bringing inflation into line - ICICI Securities
Source: ICICI Securities Ltd
9/06/2022 11:33:37 AM
RBI raises repo rate by 50 bps, sees inflation over tolerance level till Q3FY23 The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to remain above the upper tolerance level for three quarters of this financial year. He was speaking at a press conference after the end of the three-day monetary policy review meeting that started on Monday. Though the RBI raising policy rates in the ongoing monetary policy committee meeting was a "no brainer", as ...
RBI raises repo rate by 50 bps, sees inflation over tolerance level till Q3FY23
RBI raises repo rate by 50 bps, sees inflation over tolerance level till Q3FY23
Source: IANS
8/06/2022 10:53:11 AM
RBI rate hike a surprise as it came between 2 review meetings: FM Nirmala Sitharaman The Reserve Bank of India's (RBI) move to raise the policy rate is part of a synchronised action by the central banks, Union Finance Minister Nirmala Sitharaman has said, adding that it came as a surprise only because it was done between two monetary policy reviews. "It is the timing which came as a surprise to many, but the act people thought should have been done anyway - to what extent could have varied," she said at The Economic Times Awards for Corporate Excellence in Mu...
RBI rate hike a surprise as it came between 2 review meetings: FM Nirmala Sitharaman
RBI rate hike a surprise as it came between 2 review meetings: FM Nirmala Sitharaman
Source: IANS
8/05/2022 3:35:06 PM
Economists expect higher rate hikes after RBI's hike to tame inflation NEW DELHI - India's central bank is expected to frontload more aggressive interest rate hikes in its effort to tame high inflation, at least until its repo rate hits its pre-COVID level of 5.15%, economists said after a long-anticipated rate hike on Wednesday. Most economists are now forecasting a cumulative 125-150 basis points of rate hikes over the next 12 months, compared with about 50 basis points expected three months ago, on the grounds that inflation could remain around 7% for ...
Economists expect higher rate hikes after RBI's hike to tame inflation
Economists expect higher rate hikes after RBI's hike to tame inflation
Source: Reuters
5/05/2022 4:17:00 PM
MPC surprises bond market by front-loading of rate hikes By Edelweiss Financial MPC surprises bond market by front-loading of rate hikes In an off-cycle policy meeting, the monetary policy committee (MPC) surprised market participants by announcing the following: • Repo Rate hiked by 40 bp to 4.4% with immediate effect • Cash Reserve Ratio increased by 50 bp to 4.5% from May 21, 2022. This should reduce banking system liquidity by ~Rs. 85,000 crores The RBI governor attributed these measures to the evolving growth-inflation dynamic and decided to ma...
MPC surprises bond market by front-loading of rate hikes By Edelweiss Financial
MPC surprises bond market by front-loading of rate hikes By Edelweiss Financial
Source: Edelweiss Financial Services Ltd
5/05/2022 9:41:49 AM
Breaking 3-day losing streak, indices rise as RBI keeps rates, stance unchanged After sliding for three consecutive sessions, Indian equity indices settled high on Friday as Reserve Bank of India's Monetary Policy Committee (MPC) kept policy rates unchanged, besides retaining "accomodative" stance. The Reserve Bank of India (RBI) retained its key lending rate during the first monetary policy review of FY23. Accordingly, the MPC of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent. Sensex sett...
Breaking 3-day losing streak, indices rise as RBI keeps rates, stance unchanged
Breaking 3-day losing streak, indices rise as RBI keeps rates, stance unchanged
Source: IANS
8/04/2022 4:21:42 PM
Comment on RBI MPC Announcement By Niraj Kumar, FGILI Below is Comment on RBI MPC Announcement By Niraj Kumar, FGILI “MPC has delivered a well telegraphed and pragmatic policy given the backdrop of global inflation growth conundrum that we are posed with and is well preparing the markets for further course of normalization in coming months. The policy has a hawkish tilt shifting gears from its earlier ‘Dovish’ tone. This is well exemplified with change in MPC’s rhetoric with focus on withdrawal of a...
Comment on RBI MPC Announcement By Niraj Kumar, FGILI
Comment on RBI MPC Announcement By Niraj Kumar, FGILI
Source: PR Agency
8/04/2022 3:51:00 PM
Perspective on RBI MPC Announcement By Mr. Raghvendra Nath, Ladderup Wealth Management Private Limited Below is Perspective on RBI MPC Announcement By Mr. Raghvendra Nath, Managing Director - Ladderup Wealth Management Private Limited “Lower growth forecast, raising inflation forecast and a spike in commodity prices due to the on-going geopolitical unrest, does not come as a surprise. In order to maintain current growth environment, RBI has continued with an accommodative stance. However, with a caveat, that it might withdraw its accommodative stance to ensure infl...
Perspective on RBI MPC Announcement By Mr. Raghvendra Nath, Ladderup Wealth Management Private Limited
Perspective on RBI MPC Announcement By Mr. Raghvendra Nath, Ladderup Wealth Management Private Limited
Source: Ladderup Wealth Management Private Ltd
8/04/2022 3:31:10 PM
Perspective on MPC expectation By Mr. Shishir Baijal, Knight Frank India. Below is the Quote on MPC expectation by Mr. Shishir Baijal, Chairman & Managing Director, Knight Frank India. “Since the pandemic, the RBI has continued to maintain an accommodative stance prioritising a sustained economic growth recovery. Currently, India’s key growth indicators are at a nascent stage of recovery and there is still a slack in the economy. The escalating inflation in the economy arising from global commodity price rise and its transmission to the cons...
Perspective on MPC expectation By Mr. Shishir Baijal, Knight Frank India.
Perspective on MPC expectation By Mr. Shishir Baijal, Knight Frank India.
Source: Knight Frank
7/04/2022 10:11:16 AM
Growth Oriented: RBI's MPC expected to hold rates The Reserve Bank of India's monetary policy committee is expected to retain key lending rates during the upcoming monetary policy review even as inflationary pressures continue to build-up. The MPC will review the monetary policy in its meeting during April 6-8. Accordingly, economists and industry experts cited the MPC's strategic focus on growth as a key consideration to hold on rates. Nonetheless, the central bank's MPC might do away with the accommodative stance in an...
Growth Oriented: RBI's MPC expected to hold rates
Growth Oriented: RBI's MPC expected to hold rates
Source: IANS
4/04/2022 12:58:08 PM
Commodity market shock to trigger all-round price rise The rise in the cost of commodities led by the Russia-Ukraine war is expected to trigger an inflationary trend in India. The blow is expected to push up prices of everything from food items to manufactured goods. Besides, the trend might force the Reserve Bank of India's Monetary Policy Committee to raise key lending rates, thereby hitting automobile and housing sectors. India's main inflation gauge -- Consumer Price Index (CPI) -- which denotes retail inflation, has crossed the...
Commodity market shock to trigger all-round price rise
Commodity market shock to trigger all-round price rise
Source: IANS
13/03/2022 12:15:06 PM
MPC unanimously agreed on repo rate, but not on accommodative stance: Minutes To support the economic recovery, the six-member Monetary Policy Committee of the Reserve Bank of India had unanimously voted to retain the repo rate at its last meeting. However, not all members were in agreement for maintaining the accommodative stance. According to the minutes of the MPC meet which took place from February 8 to 10, all six members of the MPC unanimously voted to retain the RBI's repo rate, or short-term lending rate, for commercial banks, at 4 per cent. Likewi...
MPC unanimously agreed on repo rate, but not on accommodative stance: Minutes
MPC unanimously agreed on repo rate, but not on accommodative stance: Minutes
Source: IANS
25/02/2022 10:25:17 AM
RBI's MPC is expected to begin raising key lending rate from April The RBI's MPC is expected to begin raising the key lending rate from its next review meeting in April, Crisil Research said. Notably, the Reserve Bank of India's Monetary Policy Committee (MPC) on February 10, retained key short-term lending rates during the sixth and final monetary policy review of FY22. Besides, the growth-oriented accommodative stance was also retained to give a push to economic activity. The MPC of the central bank maintained the repo rate, or short-term ...
RBI's MPC is expected to begin raising key lending rate from April
RBI's MPC is expected to begin raising key lending rate from April
Source: IANS
12/02/2022 3:11:00 PM
Monetary Support: RBI's MPC retains rates, accommodative stance The Reserve Bank of India (RBI) on Thursday retained its key short-term lending rates during the sixth and final monetary policy review of FY22. Besides, the growth-oriented accommodative stance was retained to give a push to economic activity. Accordingly, the Monetary Policy Committee (MPC) of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent. Likewise, the reverse repo rate was kept unchanged at 3.35 per cent, and the margin...
Monetary Support: RBI's MPC retains rates, accommodative stance
Monetary Support: RBI's MPC retains rates, accommodative stance
Source: IANS
10/02/2022 11:04:12 AM
Outlook: MPC, Macros to Manoeuvre Equities The RBI's upcoming monetary policy review along with quarterly earnings results as well as the release of key macro economic data points will steer Indias key equity indices during the next trade week. Besides, direction of foreign fund flows, as well as concerns over rising crude oil prices will influence investors' sentiments. Notably, the monetary policy review is slated for February 7-9. It is widely expected that RBI's MPC will maintain a status-quo in the key lend...
Outlook: MPC, Macros to Manoeuvre Equities
Outlook: MPC, Macros to Manoeuvre Equities
Source: IANS
6/02/2022 3:43:30 PM
Rising global Covid cases to impact capital flows, heighten inflation: Ind-Ra Rising Covid cases globally have the potential to impact capital flows as well as heighten inflation, said India Ratings and Research (Ind-Ra). Accordingly, the agency cited that uncertainty related to a third Covid wave has already started showing signs in equity markets. It pointed out that foreign portfolio investors were the net sellers in the Indian markets to the tune of Rs 103 billion in November 2021 while the net sell-off in debt has been Rs 27 billion during the month. &quo...
Rising global Covid cases to impact capital flows, heighten inflation: Ind-Ra
Rising global Covid cases to impact capital flows, heighten inflation: Ind-Ra
Source: IANS
26/12/2021 2:09:05 PM
Policy support still essential; inflation to ease - India MPC minutes MUMBAI  - India's retail inflation may rise in the near-term but is likely to moderate, while slack in some of the key areas of growth warrant continued policy support, members of the monetary policy committee wrote in the December meeting minutes. "There is growing uncertainty regarding the evolving global macroeconomic outlook," wrote Shaktikanta Das, governor at the Reserve Bank of India, which published the minutes on Wednesday. "On the domestic front, even a...
Policy support still essential; inflation to ease - India MPC minutes
Policy support still essential; inflation to ease - India MPC minutes
Source: Reuters
22/12/2021 6:50:44 PM
MPC members agree on repo rate but not on accommodative stance: Minutes Even though the six-member Monetary Policy Committee of the Reserve Bank of India was unanimous in retaining the repo rate at its last meeting, not all members were in consonance for maintaining the accommodative stance. According to the minutes of the MPC meet which took place from October 6-8, all six members noted the need to support the economic recovery process, and on October 8, the MPC unanimously voted to retain the RBI's repo rate, or short-term lending rate, for commercial ba...
MPC members agree on repo rate but not on accommodative stance: Minutes
MPC members agree on repo rate but not on accommodative stance: Minutes
Source: IANS
23/10/2021 8:50:23 AM
Perspective on MPC Preview by Madhavi Arora, Emkay Global Financial Services Below are Views On MPC Preview by Madhavi Arora, Lead Economist, Emkay Global Financial Services MPC Preview: The doves are not disturbed The upcoming policy will see MPC re-emphasising its commitment to keeping policy accommodative for the foreseeable future and maintaining comfortable liquidity. The recent inflation surprises will unlikely to derail their narrative, especially with inflation ahead likely falling back to sub 6% -- within their flexible target. Th...
Perspective on MPC Preview by Madhavi Arora, Emkay Global Financial Services
Perspective on MPC Preview by Madhavi Arora, Emkay Global Financial Services
Source: Emkay Global Financial Services
5/08/2021 12:15:39 PM
Indian economy to do well once vaccination reaches critical mass: Ashima Goyal The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) member Ashima Goyal is expecting India's economy to do well once vaccination reaches a critical mass as pent up demand, global recovery and easy financial conditions will boost activities. As India battles a fearsome second COVID wave, she also said that the damage to the economy due to lockdowns is much less and is unlikely to extend beyond the first quarter of the current fiscal. She further noted that India has ...
Indian economy to do well once vaccination reaches critical mass: Ashima Goyal
Indian economy to do well once vaccination reaches critical mass: Ashima Goyal
Source: Accord Fintech
18/05/2021 2:05:33 PM
MPC pauses; RBI announces G-SAP 1.0 - ICICI Securities MPC pauses; RBI announces G-SAP 1.0 * MPC unanimously votes to keep repo unchanged: In line with our and consensus expectation, the MPC kept repo rate unchanged at 4%, reverse repo at 3.35% and MSF at 4.25%. The committee’s vote was unanimous. * Committee shifts from calendar-based guidance to state-based guidance: Deviating from the practice in the past policies, the MPC shifted from calendar-based guidance to state-based guidance. The April 2021 policy stated that the MPC will ...
MPC pauses; RBI announces G-SAP 1.0 - ICICI Securities
MPC pauses; RBI announces G-SAP 1.0 - ICICI Securities
Source: ICICI Securities Ltd
8/04/2021 10:10:46 AM
An unexpectedly dovish monetary policy - Motilal Oswal An unexpectedly dovish monetary policy… …as RBI moves to manage the yield curve * The Monetary Policy Committee (MPC) resolution has come on expected lines with the policy repo rate unchanged at 4%. The reverse repo and Marginal Standing Facility (MSF) rates were also kept unchanged at 3.35% and 4.25%, respectively. Besides the decision on rates, all MPC members voted unanimously to continue with the accommodative stance as long as necessary. * RBI also kept its GDP gr...
An unexpectedly dovish monetary policy - Motilal Oswal
An unexpectedly dovish monetary policy - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/04/2021 9:30:17 AM
MPC Policy Review : Doves are here to stay - Emkay Global Doves are here to stay * The upcoming policy will see MPC re-emphasizing its commitment to keeping policy accommodative for the foreseeable future and maintaining ample liquidity. However, there will likely be some reassessment of the growth outlook even as the RBI may not rush to reduce its FY22 growth forecast of 10.5% dramatically amid the second wave of Covid-19 and series of local lockdowns. The MPC is likely to maintain that growth needs consistent firm traction and that the continu...
MPC Policy Review : Doves are here to stay - Emkay Global
MPC Policy Review : Doves are here to stay - Emkay Global
Source: Emkay Global Financial Services Ltd
7/04/2021 11:08:19 AM
Inflationary Infliction: MPC to hold rates, accommodative stance The Reserve Bank is expected to retain key lending rates on the back of inflationary pressure along with high bond yields during the first monetary policy review of FY22, experts contended. Similarly, RBI's monetary policy committee (MPC) is likely to maintain the current accommodative stance due to growth concerns amidst resurgence of Covid-19. In a poll conducted by IANS, economists and industry experts cited rising inflation as a key factor halting any further monetary policy eas...
Inflationary Infliction: MPC to hold rates, accommodative stance
Inflationary Infliction: MPC to hold rates, accommodative stance
Source: IANS
7/04/2021 9:43:26 AM
RBI announces a set of regulatory measures - Motilal Oswal RBI announces a set of regulatory measures... …while keeping policy rates unchanged * The Monetary Policy Committee (MPC) resolution has come on expected lines with policy rates unchanged. The reverse repo, repo, and Marginal Standing Facility (MSF) rates were kept unchanged at 3.35%, 4%, and 4.25%, respectively. The decision on interest rates and to maintain its accommodative stance as long as necessary – at least during FY21 and into FY22 – was taken unanimously b...
RBI announces a set of regulatory measures - Motilal Oswal
RBI announces a set of regulatory measures - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/02/2021 11:05:53 AM