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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
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may hike the repo rate between 25-35 basis points (bps) in its upcoming meeting, said experts. "We expect a 35 bps rate hike in the upcoming meeting. The Consumer Price Index (CPI) inflation is likely to moderate further in the coming months and slip below six per cent by the end of the fiscal year," Rajani Sinha, Chief Economist, CARE Ratings told IANS. She also said the Wholesale Price Index (WPI) has also...
RBI`s Monetary Policy Committee may hike policy rate by 25-35 bps: Experts
Below is quote on Monetary Policy by Churchil Bhatt, Executive Vice President & Debt Fund Manager, Kotak Mahindra Life Insurance Company Limited With a 50bps policy rate hike, the MPC has delivered just what was expected by financial markets. Inflation projection for FY23 was kept unchanged at 6.7%, while GDP growth projection was revised marginally lower to 7%. However, in spite of the policy rate hike, the stance of policy remains as “withdrawal of accommodation&...
Quote on Monetary Policy by Churchil Bhatt, Kotak Mahindra Life Insurance Company
Producer and director Kiran Rao, who startSparsed her film journey as one of the assistants on the sets of the iconic film 'Lagaan', is set to return to direction after over a decade since her directorial debut of 'Dhobi Ghat'. Her upcoming feature film is titled 'Laapataa Ladies'. Although the makers have been tight-lipped about the story, the film is set in 2001, somewhere in rural India. It follows the mess that ensues when two young brides get lost from a tra...
Kiran Rao returns to direction after 11 years with 'Laapataa Ladies'
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