News

Indian cenbank may extend incremental cash reserve ratio with tweaks The Reserve Bank of India (RBI) may ask lenders to continue maintaining additional cash reserves for two more fortnights, with some tweaks to the proportion, as it seeks to keep liquidity tight amid high inflation, at least six senior treasury officials told Reuters. The incremental cash reserve ratio (I-CRR) could be reduced to 5%-8% in a phased manner from the current 10%, four of the officials said on condition of anonymity as they are not authorised to speak to the media. In August,...
Indian cenbank may extend incremental cash reserve ratio with tweaks
Indian cenbank may extend incremental cash reserve ratio with tweaks
Source: Reuters
6/09/2023 10:54:41 AM
Perspective on MPC by Ms. Madhavi Arora, Emkay Global Financial Services Below The Perspective on MPC by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services   MPC minutes: Caution but no action ahead (1) Cautious tone and stress on supply side ? The August MPC meeting minutes have cautious traces, but not ominous enough to change the narrative on net. The choice of policy flexibility, vigilance and focus on the durable elements of inflation dominated the minutes. ? Most of them admitted that RBI could not...
Perspective on MPC by Ms. Madhavi Arora, Emkay Global Financial Services
Perspective on MPC by Ms. Madhavi Arora, Emkay Global Financial Services
Source: Emkay Global Financial Services
25/08/2023 4:25:25 PM
Headline inflation likely to spike in near months on supply disruptions: RBI MPC minutes The Reserve Bank of India (RBI) in its ‘minutes of the recent monetary policy committee (MPC) meeting’ has said that the headline inflation is likely to witness a spike in the near months on account of supply disruptions due to adverse weather conditions. It said there are risks from the impact of the skewed south-west monsoon so far, a possible El Nino event and upward pressures on global food prices due to geopolitical hostilities. RBI further noted that domestic economic act...
Headline inflation likely to spike in near months on supply disruptions: RBI MPC minutes
Headline inflation likely to spike in near months on supply disruptions: RBI MPC minutes
Source: Accord Fintech
25/08/2023 2:04:42 PM
India MPC to closely monitor food price spike to gauge inflation impact India's monetary policy committee (MPC) will closely monitor the factors impacting inflation and take necessary action, although it expects the recent spike in food prices to be short-lived, minutes of the latest MPC meeting showed. "While the vegetable price shocks are expected to correct quickly with the arrival of fresh crops, there are risks to food and the overall inflation outlook from El Nino conditions, volatile global food prices and skewed monsoon distribution - all of w...
India MPC to closely monitor food price spike to gauge inflation impact
India MPC to closely monitor food price spike to gauge inflation impact
Source: Reuters
24/08/2023 6:16:18 PM
Quote on RBI MPC Announcement by Mr. Girish Kousgi, PNB Housing Finance Media Below the Quote on RBI MPC Announcement by Mr. Girish Kousgi, MD&CEO, PNB Housing Finance Media   Mr. Girish Kousgi, MD and CEO at PNB Housing Finance, said, "RBI's decision to keep the repo rates unchanged at 6.5% for the third time in a row, is a positive news for the real estate industry. The home buyer sentiment has been strong thus far in 2023, and the stability in rates will help keep up this momentum. Factors like attractive government incentives,...
Quote on RBI MPC Announcement by Mr. Girish Kousgi, PNB Housing Finance Media
Quote on RBI MPC Announcement by Mr. Girish Kousgi, PNB Housing Finance Media
Source: PR Agency
11/08/2023 12:33:19 PM
RBI`s MPC policy by Mr. Ashwani Dhanawat, CIO- Shriram General Insurance Below the quote RBI's MPC policy by Mr. Ashwani Dhanawat, CIO- Shriram General Insurance   "The measures implemented by RBI's MPC in recent quarters have effectively balanced controlling headline inflation and promoting economic growth. Despite increased geopolitical uncertainties and volatile international demand-supply dynamics, the Indian economy has demonstrated resilience. This is reflected in our favourable economic indicators. To maintain this positive momentum,...
RBI`s MPC policy by Mr. Ashwani Dhanawat, CIO- Shriram General Insurance
RBI`s MPC policy by Mr. Ashwani Dhanawat, CIO- Shriram General Insurance
Source: PR Agency
10/08/2023 5:28:14 PM
RBI`s user friend technology focus on UPI in move towards cashless economy Conversational, offline and enhancement of limits for small transactions in the Unified Payments Interface (UPI) are some of the measures for payment systems that the Reserve Bank of India Governor Shaktikanta Das announced on Thursday. Amid announcement of the decisions of the three day meeting of Monetary Policy Committee (MPC), Das said to harness new technologies and enhance the digital payments experience it is proposed to enable "Conversational Payments" on UPI, which will ...
RBI`s user friend technology focus on UPI in move towards cashless economy
RBI`s user friend technology focus on UPI in move towards cashless economy
Source: IANS
10/08/2023 5:05:06 PM
India central bank to withdraw 1 trln rupees via incremental CRR The Reserve Bank of India (RBI) will withdraw nearly one trillion rupees ($12.07 billion) from the banking system through a temporary increase in the amount of funds lenders set aside with the central bank, as it tries to keep a lid on inflation. Earlier in the day, India's Monetary Policy Committee kept key policy rates unchanged but RBI Governor Shaktikanta Das asked banks to hold an incremental cash reserve ratio (CRR) of 10% on increase in deposits between May 19 and July 28, with ...
India central bank to withdraw 1 trln rupees via incremental CRR
India central bank to withdraw 1 trln rupees via incremental CRR
Source: Reuters
10/08/2023 3:47:58 PM
Views on RBI`s policy meeting By Rajani Sinha, CareEdge Ratings Below a quote by Rajani Sinha, Chief Economist, CareEdge Ratings sharing her views on the RBI's policy meeting   “RBI’s decision to maintain the status quo on the policy rate was on the expected lines. However, it sounded more cautious than the last two meetings, with a significant upward revision in the inflation numbers for the upcoming quarters. Given the transient nature of the seasonal shocks, the RBI will wait for more data points to evaluate the eme...
Views on RBI`s policy meeting By Rajani Sinha, CareEdge Ratings
Views on RBI`s policy meeting By Rajani Sinha, CareEdge Ratings
Source: PR Agency
10/08/2023 3:12:30 PM
Quote on MPC's Inflation Focus from Mr. Kaushik Mehta Founder & CEO of Ruloans Distribution Pvt. Ltd. Below the quote on MPC's Inflation Focus from Mr. Kaushik Mehta Founder & CEO of Ruloans Distribution Pvt. Ltd.   The prediction of FY24 CPI inflation rising to 5.4% has made it less likely for interest rates to be lowered in the current calendar year. This change indicates a possible shift in focus towards addressing higher inflation, rather than considering rate cuts. We need to Keep an eye on future updates as the situation evolves.   The rate cut cycl...
Quote on MPC's Inflation Focus from Mr. Kaushik Mehta Founder & CEO of Ruloans Distribution Pvt. Ltd.
Quote on MPC's Inflation Focus from Mr. Kaushik Mehta Founder & CEO of Ruloans Distribution Pvt. Ltd.
Source: PR Agency
10/08/2023 3:05:46 PM
India`s RBI holds rates steady but eyes food price spike; signals tighter policy The Reserve Bank of India held its key lending rate steady on Thursday as expected but moved to reduce the amount of cash in banking system as inflation concerns resurfaced following higher-than-usual seasonal spikes in food prices in recent weeks. The monetary policy committee (MPC), which has three members from the central bank and three external members, kept the repo rate unchanged at 6.50% in an unanimous decision. It was the third consecutive time that the committee decided to mainta...
India`s RBI holds rates steady but eyes food price spike; signals tighter policy
India`s RBI holds rates steady but eyes food price spike; signals tighter policy
Source: Reuters
10/08/2023 2:22:14 PM
Basis the RBI Monetary Policy announced today, appended is the quote by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings. Below the quote on RBI Monetary Policy announced today by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings This Policy is on expected lines. Low global growth is on because of geo-politics-high inflation, deteriorating financial conditions, Russia Ukraine war and growing economic fragmentation. The financial system is constrained by higher inflation, rising interest rates and stress in financial markets.    In view of global cues, i...
Basis the RBI Monetary Policy announced today, appended is the quote by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings.
Basis the RBI Monetary Policy announced today, appended is the quote by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings.
Source: PR Agency
10/08/2023 2:16:12 PM
Rate cut may not materialise before last quarter of FY24 Given such uncertainty on the inflation front, the likelihood of an extended pause on interest rates has been reinforced, says Suman Chowdhury, Chief Economist, and Head- Research, Acuite Ratings & Research. “In our opinion, any possible rate cut may not materialize before the last quarter of FY24. The liquidity will be slightly tighter than expected in the near term due to the ICRR imposition and this may lead to some increase in short-term rates,” Chowdhury said. Clear...
Rate cut may not materialise before last quarter of FY24
Rate cut may not materialise before last quarter of FY24
Source: IANS
10/08/2023 2:11:41 PM
RBI sucks out over Rs 1 trillion liquidity, banks to be affected   The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decision suck out over Rs one trillion from the system which will result in loss of income for the banks and hardening of the money market, said experts. Post this announcement, Bank Nifty slipped into weakness. The MPC at its meeting decided that all scheduled banks should maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) betwee...
RBI sucks out over Rs 1 trillion liquidity, banks to be affected
RBI sucks out over Rs 1 trillion liquidity, banks to be affected
Source: IANS
10/08/2023 2:04:25 PM
Quote on MPC meeting & its impact by Mr. Satish Menon, Geojit Financial Services Below the quote on MPC meeting & its impact from Mr. Satish Menon, Executive Director at Geojit Financial Services   The inflation forecast has been increased, with the possibility of further upside risk in the near term. The overall setback is that high inflation is expected to persist for a long period of time, indicating that interest rates will remain high for a long time. Generally, high interest rates affect corporate earnings growth and valuation. However, the impac...
Quote on MPC meeting & its impact by Mr. Satish Menon, Geojit Financial Services
Quote on MPC meeting & its impact by Mr. Satish Menon, Geojit Financial Services
Source: Geojit Financial Services Ltd
10/08/2023 1:57:03 PM
Perspective on RBI MPC Announcement by Mr. Shishir Baijal Chairman & Managing Director, Knight Frank India  Below the perspective on RBI MPC Announcement by Mr. Shishir Baijal, Chairman & Managing Director, Knight Frank India    “We are delighted that RBI has maintained the REPO rate pause for the third consecutive instance. The choice to maintain the status quo is supported by strong economic condition and the revised inflation forecast for FY24 falling within the central bank's upper tolerance range of 6%. However, the central bank remains w...
Perspective on RBI MPC Announcement by Mr. Shishir Baijal Chairman & Managing Director, Knight Frank India
Perspective on RBI MPC Announcement by Mr. Shishir Baijal Chairman & Managing Director, Knight Frank India
Source: Knight Frank
10/08/2023 1:38:53 PM
Perspective on RBI MPC announcement by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services Below the Perspective on RBI MPC announcement by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services   Quick impact of Incremental CRR   * Imposition of Incremental CRR (ICRR) of 10% on NDTL (for period of May 19 to July 28 ) would imply a temporary liquidity depletion of ~Rs1.15tn/Rs996bn (ex of HDFC twin merger). This assumes an effective CRR of 14.5% for the period concerned (4.5%+10%).   * However, if we assume the ICRR of 10% to i...
Perspective on RBI MPC announcement by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services
Perspective on RBI MPC announcement by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
10/08/2023 12:58:42 PM
New platform for end-to-end frictionless credit delivery on the anvil: RBI In an effort to deliver end-to-end frictionless credit on digital mode to underserved regions, the Reserve Bank Innovation Hub (RBIH) is developing a Public Tech Platform, said Reserve Bank of India's (RBI) Governor Shaktikanta Das. Announcing the decisions of the RBI’s Monetary Policy Committee (MPC) on Thursday, Das said the new platform will be rolled out in a calibrated manner. He said the central bank along with RBIH started a pilot project in September 2022 for frictionl...
New platform for end-to-end frictionless credit delivery on the anvil: RBI
New platform for end-to-end frictionless credit delivery on the anvil: RBI
Source: IANS
10/08/2023 12:58:28 PM
Quote on MPC meet outcome from Mr. Marzban Irani, CIO - Debt at LIC MF Below the Quote on MPC meet outcome from Mr. Marzban Irani, CIO - Debt at LIC MF     "No change in rates inline with market expectations. Policy rates expected to remain higher for longer. Inflation projections have been increased due to food prices which might settle by September to December. Excess liquidity due to 2000 notes, RBI dividend and capital flows might fuel Inflation. Hence incremental deposits CRR has been increased by 10 percent. This will abso...
Quote on MPC meet outcome from Mr. Marzban Irani, CIO - Debt at LIC MF
Quote on MPC meet outcome from Mr. Marzban Irani, CIO - Debt at LIC MF
Source: PR Agency
10/08/2023 12:51:08 PM
Lenders to communicate to borrowers on loan EMI reset: RBI Governor The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to bring in greater transparency in resetting of the interest rate on equated monthly instalments (EMI) for floating interest loans, Governor Shaktikanta Das said on Thursday. Announcing the decisions of the MPC, Das said: “It is proposed to put in place a transparent framework for reset of interest rates on floating interest loans. "The framework will require Regulated Entities to (i) clearly...
Lenders to communicate to borrowers on loan EMI reset: RBI Governor
Lenders to communicate to borrowers on loan EMI reset: RBI Governor
Source: IANS
10/08/2023 12:46:52 PM
Instant view: India's central bank holds key rate steady as expected The Reserve Bank of India's key lending rate was held steady for a third straight policy meeting on Thursday, as widely expected, as inflation concerns resurfaced following higher-than-usual seasonal spikes in food prices in recent weeks. The monetary policy committee (MPC), which has three members from the central bank and three external members, kept the repo rate unchanged at 6.50% in an unanimous decision. It was the third consecutive time that the committee decided to maintain rat...
Instant view: India's central bank holds key rate steady as expected
Instant view: India's central bank holds key rate steady as expected
Source: Reuters
10/08/2023 11:13:57 AM
Perspective on the expectations from the upcoming RBI MPC Meeting by Mr. Shishir Baijal, Knight Frank India Below the Perspective on the expectations from the upcoming RBI MPC Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India   “We expect the Reserve Bank of India’s Monetary Policy Committee (RBI MPC) to keep the REPO rate unchanged as inflation rate in India remains within the upper threshold of tolerance. This will help the real estate sector maintain its current momentum. With the last few revisions, the REPO rate has gone up by 250 BPS...
Perspective on the expectations from the upcoming RBI MPC Meeting by Mr. Shishir Baijal, Knight Frank India
Perspective on the expectations from the upcoming RBI MPC Meeting by Mr. Shishir Baijal, Knight Frank India
Source: Knight Frank
9/08/2023 11:35:45 AM
Focus of market will shift from micros to macros  With the Q1 results season coming to an end soon, the focus of the market will shift from micros to macros, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The institutional activity in the market has turned neutral since the FII selling is matched by DII buying. A clear trend in the market may come from macros, he said. US CPI print expected soon and the MPC decision on 10th might give indication of the likely market trend. The MPC is likely ...
Focus of market will shift from micros to macros
Focus of market will shift from micros to macros
Source: IANS
9/08/2023 11:21:15 AM
India rate panel to dial up hawkishness even as it holds policy steady India's monetary policy committee (MPC) is expected to maintain key rates when it meets on Thursday, but will adopt a far more hawkish tone as the recent rise in food prices risks becoming entrenched, economists and market participants said. A July 13-31 Reuters poll of 75 economists showed the central bank was expected to keep its repo rate unchanged at 6.50% at its Aug. 10 policy meeting. Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation ...
India rate panel to dial up hawkishness even as it holds policy steady
India rate panel to dial up hawkishness even as it holds policy steady
Source: Reuters
8/08/2023 9:21:14 AM
RBI Policy Expectation Quote by Umesh Mohanan, Indel Money Below Quote on the RBI Policy Expection quote from Mr. Umesh Mohanan , indel money  "The RBI takes into account CPI data to assess the domestic inflation dynamics and CPI inflation is on the higher side and is showing a tendency to move out of the comfort zone of the RBI. Therefore, the central bank is likely to continue with the repo rate unchanged and continue with its current stance of 'withdrawal of accommodation.’ Overall, MPC is expected to adopt a hawkish st...
RBI Policy Expectation Quote by Umesh Mohanan, Indel Money
RBI Policy Expectation Quote by Umesh Mohanan, Indel Money
Source: PR Agency
3/08/2023 6:26:27 PM
Higher retail inflation has hit personal consumption expenditure: RBI bulletin The Reserve Bank of India (RBI) has said that higher retail inflation has impacted personal consumption expenditure. In its monthly bulletin for June 2023, released on Friday, it observed on the basis of national accounts data and corporate results, that rising retail inflation has slowed down personal consumption expenditure, which has resulted in scaling down of corporate sales and reduction in private investment towards capacity creation. Bringing down inflation and stabilising infla...
Higher retail inflation has hit personal consumption expenditure: RBI bulletin
Higher retail inflation has hit personal consumption expenditure: RBI bulletin
Source: IANS
24/06/2023 9:51:19 AM
Rate hikes depend on India's inflation, not Fed, say external rate panel members  A narrower interest rate differential with the U.S. is unlikely to prompt India's monetary policy committee (MPC) to raise rates, but a rebound in inflation certainly could, three external members of the MPC said in separate interviews. While internal members of the Reserve Bank of India's (RBI), six-member MPC are widely perceived as being far more hawkish than their colleagues, all three external members have now said sustained inflation could prompt rate hikes. Domestic...
Rate hikes depend on India's inflation, not Fed, say external rate panel members
Rate hikes depend on India's inflation, not Fed, say external rate panel members
Source: Reuters
23/06/2023 5:56:59 PM
Disinflation process likely to be slow, protracted with convergence to inflation target: Shaktikanta Das The Reserve Bank of India (RBI) Governor Shaktikanta Das has said the disinflation process in India will be slow. He said ‘As per our current assessment, the disinflation process is likely to be slow and protracted with convergence to the inflation target of 4 per cent being achieved over the medium-term’. In remarks that came a day after official data suggested a cool-down in headline inflation to 4.25 per cent for May, Das said there have been signs of some softening in inflatio...
Disinflation process likely to be slow, protracted with convergence to inflation target: Shaktikanta Das
Disinflation process likely to be slow, protracted with convergence to inflation target: Shaktikanta Das
Source: Accord Fintech
14/06/2023 11:16:02 AM
India`s disinflation process to be slow, protracted, says cenbank chief The disinflation process in India will be slow and protracted, with the 4% inflation target likely to be met only over the medium term, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "The cumulative impact of our monetary policy actions over the last one year is still unfolding and yet to materialise fully," Das said in a speech at the Summer Meetings organised by Central Banking in London. "While our inflation projection for the current financial y...
India`s disinflation process to be slow, protracted, says cenbank chief
India`s disinflation process to be slow, protracted, says cenbank chief
Source: Reuters
13/06/2023 5:42:46 PM
View on impact on Home Loans in-line with the MPC meeting outcome By Kaushik Mehta, RUloans Distribution Below View on impact on Home Loans in-line with the MPC meeting outcome By Kaushik Mehta, Founder & CEO of RUloans Distribution Pvt. Ltd In the latest RBI Monetary Policy Committee (MPC) meeting, the RBI has decided to keep the policy rate unchanged. Additionally, the external benchmark lending rates (EBLR) linked to the repo rate will also not increase. With the repo rate remaining at 6.5%, there are potential implications for home loans. For borrowers with existing home loa...
View on impact on Home Loans in-line with the MPC meeting outcome By Kaushik Mehta, RUloans Distribution
View on impact on Home Loans in-line with the MPC meeting outcome By Kaushik Mehta, RUloans Distribution
Source: PR Agency
9/06/2023 11:45:59 AM
Repo Rate Unchanged at 6.5% as RBI Maintains Hawkish Pause - CareEdge The Monetary Policy Committee (MPC) of the RBI maintained a status quo on the repo rate keeping it unchanged at 6.5% in its second bi-monthly policy meeting of the current fiscal. This marks the second consecutive meeting wherein the MPC decided to keep the repo rate unchanged after having raised it by a cumulative 250 basis points (bps) during the last fiscal. The Liquidity Adjustment Facility (LAF) corridor was maintained at 50 bps with the Standing Deposit Facility (SDF) and Marginal Stand...
Repo Rate Unchanged at 6.5% as RBI Maintains Hawkish Pause - CareEdge
Repo Rate Unchanged at 6.5% as RBI Maintains Hawkish Pause - CareEdge
Source: PR Agency
9/06/2023 9:42:37 AM
Views on Monetary Policy Committee By Rajani Sinha, CareEdge Ratings Below View On RBI's monetary policy By Rajani Sinha, Chief Economist, CareEdge Ratings "While the RBI decided to keep the policy rates unchanged for the second consecutive meeting, it has continued to emphasize on bringing the retail inflation closer to the target of 4%. Amid a volatile global economic scenario and lingering risks to domestic inflation, it is prudent that the RBI has followed a wait-and-watch strategy. While RBI has marginally lowered the CPI inflation p...
Views on Monetary Policy Committee By Rajani Sinha, CareEdge Ratings
Views on Monetary Policy Committee By Rajani Sinha, CareEdge Ratings
Source: PR Agency
8/06/2023 5:21:03 PM
``RBI`s Monetary Policy Committee (MPC)`` by Mr. Aamar Deo Singh, Angel One Ltd Below Quote on "RBI’s Monetary Policy Committee (MPC)" by Mr. Aamar Deo Singh, Head Advisory, Angel One Ltd.   RBI’s Monetary Policy Committee (MPC) unanimously decided to keep the policy rate unchanged at 6.50 percent, on the back of easing headline inflation. However, as per RBI, there is no room for complacency given that inflation still continues to be above the target rate of 4%. So an alert and at the same time, a cautious and calibra...
``RBI`s Monetary Policy Committee (MPC)`` by Mr. Aamar Deo Singh, Angel One Ltd
``RBI`s Monetary Policy Committee (MPC)`` by Mr. Aamar Deo Singh, Angel One Ltd
Source: Angel One Ltd
8/06/2023 2:38:04 PM
RBI MPC retains repo rate at 6.5%, projects 6.5% GDP & 5.1% inflation for FY24 Not belying the expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent while projecting gross domestic product (GDP) and inflation at 6.5 per cent and 5.1 per cent respectively. 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. Das said taking into account the economic factor...
RBI MPC retains repo rate at 6.5%, projects 6.5% GDP & 5.1% inflation for FY24
RBI MPC retains repo rate at 6.5%, projects 6.5% GDP & 5.1% inflation for FY24
Source: IANS
8/06/2023 10:39:11 AM
India central bank holds rates as expected The Indian central bank's key lending rate was held steady at a second straight policy meeting on Thursday, as widely anticipated, as it looks to study the impact of its past hikes on inflation. The monetary policy committee (MPC), which has three members from the Reserve Bank of India and three external members, kept the repo rate steady at 6.50% in a unanimous decision. All 64 economists in a Reuters poll taken between May 16 and 29 expected no change in rates. The RBI's po...
India central bank holds rates as expected
India central bank holds rates as expected
Source: Reuters
8/06/2023 10:22:49 AM
India Inc. witnessed sequential expansion in margins in Q4 FY23: ICRA Credit rating agency ICRA in its latest report has said that India Inc. have witnessed sequential expansion in margins in Q4 FY2023, with a YoY increase of 11.4%, while the sequential revenue growth was relatively moderate at 5.2%. On a YoY basis, almost all sectors reported revenue expansion in Q4 FY2023, with aviation, hotels, ports and gems & jewellery leading the trend. This was supported by the easing of commodity prices which continued to positively impact consumer sentiments. ...
India Inc. witnessed sequential expansion in margins in Q4 FY23: ICRA
India Inc. witnessed sequential expansion in margins in Q4 FY23: ICRA
Source: Accord Fintech
7/06/2023 11:26:39 AM
RBI not to remove its finger from repo rate pause button: Experts The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may not remove its finger from the repo rate pause button it had hit in April 2023, said experts there by ruling out the possibility of a rate reduction. "It is unlikely that the RBI will precede the Fed (US Federal Reserve) in reversing its course of rate hikes. However, MPC may soften its tone, on net amid (1) improving domestic inflation outlook (and a possible downward revision in its forecast), (2) improving ex...
RBI not to remove its finger from repo rate pause button: Experts
RBI not to remove its finger from repo rate pause button: Experts
Source: IANS
6/06/2023 4:20:49 PM
RBI-MPC may not change interest rate: Experts The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may not change the interest rates and would continue with the 'pause' mode at their upcoming meeting, said experts. The MPC met on April 3, 5 and 6 this year and decided to pause on the repo rate at 6.50 per cent after hiking continuously earlier as an inflation control measure. "The upcoming MPC meeting in early June is expected to focus on two important aspects that have emerged in the last few weeks --...
RBI-MPC may not change interest rate: Experts
RBI-MPC may not change interest rate: Experts
Source: IANS
2/06/2023 12:27:18 PM
India`s retail inflation may ease to cenbank`s 4% target in May - economists India's headline retail inflation in May is likely to fall further towards 4% — the midpoint of the central bank's target and a level last seen in January 2021, according to a few economists, who expect lower food prices to aid the decline. India's consumer price inflation (CPI) eased to an 18-month low of 4.7% in April, from 5.66% in the previous month, largely due to a moderation in food prices, which accounts for nearly half of the overall consumer price basket. Whi...
India`s retail inflation may ease to cenbank`s 4% target in May - economists
India`s retail inflation may ease to cenbank`s 4% target in May - economists
Source: Reuters
15/05/2023 12:16:37 PM
RBI-MPC`s fight against inflation not yet over: Governor Shaktikanta Das at Monetary Policy Committee Meeting The Reserve Bank of India's (RBI) fight against inflation is far from over, Governor Shaktikanta Das said at the Monetary Policy Committee (MPC) meeting, as per the meeting's minutes. The MPC met on April 3, 5 and 6 this year and decided to pause on the repo rate at 6.50 per cent. In his remarks at the MPC meeting, Das said the cumulative impact of monetary policy actions over the last one year is still unfolding and needs to be monitored closely. Inflation for 2023-24 is pro...
RBI-MPC`s fight against inflation not yet over: Governor Shaktikanta Das at Monetary Policy Committee Meeting
RBI-MPC`s fight against inflation not yet over: Governor Shaktikanta Das at Monetary Policy Committee Meeting
Source: IANS
21/04/2023 8:56:48 AM
Egypt`s annual inflation hits record high  Egypt's annual inflation reached a record high of 33.9 per cent in March, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced. During March, inflation rose by 3.2 per cent on a monthly basis, compared to February 2023, scoring 166.5 points, Xinhua news agency quoted CAPMAS as saying. It attributed the increase in inflation on a monthly basis during March to the increase in the food and beverage section by 5.3 per cent. In March, the country's Mo...
Egypt`s annual inflation hits record high
Egypt`s annual inflation hits record high
Source: IANS
11/04/2023 12:57:57 PM
Stumped by Reserve Bank of India's decision on repo rate, experts react The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) certainly bowled a googly at the experts who had predicted a 25 basis points repo rate hike. Interestingly, RBI Governor Shaktikanta Das on Thursday announced that the MPC has decided to hold the repo rate at 6.5 per cent. Consequently, the standing deposit facility (SDF) rate will remain unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decide...
Stumped by Reserve Bank of India's decision on repo rate, experts react
Stumped by Reserve Bank of India's decision on repo rate, experts react
Source: IANS
6/04/2023 2:53:25 PM
RBI keeps repo rate unchanged at 6.5% in first Bi-monthly policy of FY24 In a surprise move, the Reserve Bank of India (RBI) has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent at its first Bi-monthly policy of the Fiscal Year 2023-24 (FY24), even as inflation is trending above its tolerance level. The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and...
RBI keeps repo rate unchanged at 6.5% in first Bi-monthly policy of FY24
RBI keeps repo rate unchanged at 6.5% in first Bi-monthly policy of FY24
Source: Accord Fintech
6/04/2023 12:41:49 PM
No change in repo rate, GDP projected at 6.5% for FY24 The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Thursday unanimously decided not to revise the repo rate, the central bank's Governor Shaktikanta Das announced. The MPC decided to keep the repo rate -- the rate at which RBI lends to the banks -- at 6.5 per cent taking into account the macroeconomic conditions. In the same vein, the RBI Governor added the war against inflation to continue till the decline in inflation rate is closer to the target -- 4 per cen...
No change in repo rate, GDP projected at 6.5% for FY24
No change in repo rate, GDP projected at 6.5% for FY24
Source: IANS
6/04/2023 10:19:12 AM
New Zealand increases official cash rate to 5.25% The Reserve Bank of New Zealand (RBNZ) on Wednesday increased its Official Cash Rate (OCR) by 50 basis points, from 4.75 per cent to 5.25 per cent, its highest level since 2008. The central bank's Monetary Policy Committee (MPC) agreed the OCR needs to increase, as previously indicated, to return inflation to the 1-3 percent target range over the medium term, reports Xinhua news agency. "Inflation is still too high and persistent, and employment is beyond its maximum sustainabl...
New Zealand increases official cash rate to 5.25%
New Zealand increases official cash rate to 5.25%
Source: IANS
5/04/2023 1:18:41 PM
After delivering 25 bps hike in repo rate, RBI to change its stance The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to change its stance after taking a guard against inflation by delivering a 25 basis points (bps) hike in the repo rate on April 6, said economists. "There will be a 25 bps increase (in repo rate) and change in stance -- to neutral. The decision won't be unanimous as last time. There will be a pause after the hike," Madan Sabnavis, Chief Economist, Bank of Baroda told IANS. The MPC is likely ...
After delivering 25 bps hike in repo rate, RBI to change its stance
After delivering 25 bps hike in repo rate, RBI to change its stance
Source: IANS
4/04/2023 3:25:12 PM
RBI's repo rate hike decision may not be unanimous With economic experts expecting the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) to increase the repo rate further by 25 basis points (bps), whether it will be unanimous or not will have to be seen. The MPC's first meeting of FY24 is being held between Monday to Thursday. The decision on the repo rate hike will be announced on Thursday. At the recent MPC meetings, the rate hike decisions were not unanimous with two external members -- Dr. Ashima Goyal, Emeritus ...
RBI's repo rate hike decision may not be unanimous
RBI's repo rate hike decision may not be unanimous
Source: IANS
3/04/2023 3:29:57 PM
Real estate sector worried about further increase in repo rate With the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) expected to meet next month - the first one for FY24-real estate players are worried about the any hike in repo rates which in turn would increase home loan rates. "Over the past three quarters, the interest rate on home loans has risen to over 9 per cent, representing a 40-50 per cent increase from the historical low of 6.5 per cent per annum. As a result, many home loan borrowers are feeling the impact of thi...
Real estate sector worried about further increase in repo rate
Real estate sector worried about further increase in repo rate
Source: IANS
30/03/2023 4:58:49 PM