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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
India Budget 2023: Here's what the experts say India's government will raise its capital expenditure by 33% to 10 trillion rupees ($122.29 billion) in the next fiscal year, the finance minister said on Wednesday, as Prime Minister Narendra Modi tries to create jobs ahead of a general election. Since taking office in 2014, Modi has ramped up capital spending including on roads and energy, while wooing investors through lower tax rates and labour reforms, and offering subsidies to poor households to clinch their political support. ...
India Budget 2023: Here's what the experts say
India Budget 2023: Here's what the experts say
Source: Reuters
1/02/2023 1:39:59 PM
Expert View: India budget to raise capex by 33% as jobs, infrastructure take priority  India's government will raise its capital expenditure by 33% to 10 trillion rupees ($122.29 billion) in the next fiscal year, the finance minister said on Wednesday, as Prime Minister Narendra Modi tries to create jobs ahead of a general election. Since taking office in 2014, Modi has ramped up capital spending including on roads and energy, while wooing investors through lower tax rates and labour reforms, and offering subsidies to poor households to clinch their political suppo...
Expert View: India budget to raise capex by 33% as jobs, infrastructure take priority
Expert View: India budget to raise capex by 33% as jobs, infrastructure take priority
Source: Reuters
1/02/2023 1:00:22 PM
No spending spree likely in last full Indian budget before 2024 election  The Indian government will focus on fiscal consolidation in its Feb. 1 budget, the last full one before a 2024 general election, according to a Reuters poll of economists who said slowing economic growth would limit it from spending more. Breaking a tradition of government borrowing and spending, especially during an election year, Prime Minister Narendra Modi's government has, since coming to power in 2014, largely stuck to a path of fiscal consolidation. But the COVID-19 pan...
No spending spree likely in last full Indian budget before 2024 election
No spending spree likely in last full Indian budget before 2024 election
Source: Reuters
22/12/2022 9:21:16 AM
Instant View: India`s second-quarter GDP growth slows to 6.3% on higher prices India posted an economic growth of 6.3% in its July-September quarter, far slower than the 13.5% growth reported in the previous three months as distortions caused by COVID-19 lockdowns faded in Asia's third-largest economy. Government capital spending increased more than 40% during the quarter as the federal government stepped up expenditure on infrastructure from roads to railways, according to official data on Wednesday. The growth rate was above the 6.2% forecast by economists i...
Instant View: India`s second-quarter GDP growth slows to 6.3% on higher prices
Instant View: India`s second-quarter GDP growth slows to 6.3% on higher prices
Source: Reuters
1/12/2022 9:27:08 AM
Indian banks issue more CDs to secure cheap funding Indian banks have increased their fundraising activity through the issuance of certificates of deposits, as funding in the banking system continues to contract, analysts said. "Banks are not raising deposit rates, as they are able to get funds easily from money market by issuing CDs, and that too cheaply, and they may continue to opt for this route of fundraising for next few weeks," said Raju Sharma, head of fixed income at IDBI Mutual Fund. Indian private and state-run banks...
Indian banks issue more CDs to secure cheap funding
Indian banks issue more CDs to secure cheap funding
Source: Reuters
22/08/2022 3:38:03 PM
RBI may hike 25-50 basis points at monetary policy meeting next week  The Reserve Bank of India's (RBI) rate-setting committee is likely to hike 25-50 basis points in repo rate in the monetary policy meeting to be held between August 3-5, according to the estimates of various fund managers and economists. Economist and fund managers are of the mix view on the policy stance. Few are expecting stance will be change to 'Neutral', while some says 'Withdraw of accommodative stance could persist'. "We expect 40-50 bps hike in repo...
RBI may hike 25-50 basis points at monetary policy meeting next week
RBI may hike 25-50 basis points at monetary policy meeting next week
Source: IANS
30/07/2022 2:45:46 PM
Short-term debt instruments yield rises as surplus liquidity narrows The yield on short-term debt instruments such as commercial papers, certificates of deposit and treasury bills rose sharply in the last few weeks due to an uptick in credit off-take and sharp narrowing of surplus liquidity from the banking system. According to data compiled from the market sources, yield on treasury bills maturing in 91 days rose 40 basis points in two weeks, whereas on a 182-day and 364-day period it inched up 25-30 basis points. Similarly, the yield on commercial pape...
Short-term debt instruments yield rises as surplus liquidity narrows
Short-term debt instruments yield rises as surplus liquidity narrows
Source: IANS
27/07/2022 4:42:58 PM
View on Pre-Monetary Policy By Upasna Bhardwaj, Kotak Mahindra Bank Below are View on Pre-Monetary Policy by Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank “Despite government’s supply side interventions to curb price pressures, the foreseeable inflation trajectory remains skewed closer to 7%. We expect the MPC to revise upward the inflation trajectory by 70-80bps accounting for the upside price pressures. The GDP estimates may remain unchanged for now. From the policy withdrawal perspective, RBI in the last two mo...
View on Pre-Monetary Policy By Upasna Bhardwaj, Kotak Mahindra Bank
View on Pre-Monetary Policy By Upasna Bhardwaj, Kotak Mahindra Bank
Source: PR Agency
6/06/2022 12:09:52 PM
View on GDP data By Upasna Bhardwaj, Kotak Mahindra Bank Below are View on GDP data by Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank “While the readings have broadly come In line with expectations, The outlook remains clouded with uncertainties especially with escalating crude oil prices. Further, weak labor markets, limited ability on additional fiscal spends, reduced corporate margins due to rising input prices and weaker global demand remain a concern.”   Above views are of the author and not o...
View on GDP data By Upasna Bhardwaj, Kotak Mahindra Bank
View on GDP data By Upasna Bhardwaj, Kotak Mahindra Bank
Source: PR Agency
1/06/2022 12:09:57 PM