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RBI`s study : Lens on fiscal reforms amid likely fiscal slippage in FY25 by Emkay Global Financial Services The RBI’s annual study of state finances focuses on fiscal reforms to improve fiscal outcomes and efficiency, while also assessing their performance over FY23-FY25BE. It notes the rising fiscal deficit trajectory with pressure emerging from the freebie push and poor financials of discoms. Another key finding is the disparity between states’ BE and actuals, especially for capex. The peak capex multiplier estimated at 3.8x (vs 1.4x for revex), highlights the need for states to focus...
RBI`s study : Lens on fiscal reforms amid likely fiscal slippage in FY25 by Emkay Global Financial Services
RBI`s study : Lens on fiscal reforms amid likely fiscal slippage in FY25 by Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-12-23 05:59:55 pm
RBI MPC Minutes : Growth concerns, but divergence in views remains by Emkay Global Financial Services The December MPC meeting minutes showed a clear demarcation in views between the internal and (most of) the external members. Dr Kumar and Professor Singh, while calling for a repo rate cut, spoke of the lack of impact of monetary policy on supply-shock led food inflation, while mentioning its effect on consumption and investment demand. On the other hand, Governor Das and Dr Patra continued to assert the need for durable disinflation to support growth on a sustained basis, with Dr Patra attr...
RBI MPC Minutes : Growth concerns, but divergence in views remains by Emkay Global Financial Services
RBI MPC Minutes : Growth concerns, but divergence in views remains by Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-12-23 05:56:48 pm
High prices impinging on India`s growth, central bank minutes show High prices are the cause for demand slowdown in India, and aligning inflation to the central bank's 4% target is key to ensuring sustained economic growth, members of the rate-setting panel said in the minutes of the December meeting. "The policy priority at this critical juncture has to be on restoring the inflation growth balance," Reserve Bank of India Governor Shaktikanta Das said in the minutes of his last monetary policy committee (MPC) meeting released on Friday. L...
High prices impinging on India`s growth, central bank minutes show
High prices impinging on India`s growth, central bank minutes show
Source: Reuters
2024-12-21 10:43:18 am
Note on RBI Policy by Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund Below the Note on RBI Policy by Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund   PGIM India MF View: Rate cuts in next MPC policy with focus on liquidity management We think today’s policy was an acknowledgment of the ongoing slowdown in growth and rather than taking action on one data point, RBI wants more evidence for confirming this trend as highlighted by the RBI governor in the post policy press conference. Thus, we believe that the...
Note on RBI Policy by Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund
Note on RBI Policy by Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund
Source: PGIM India Mutual Fund
2024-12-07 02:13:54 pm
Quote on The Monetary Policy Announced by the RBI from Sandeep Trivedi, Director at Address Advisors Below the Quote on The Monetary Policy Announced by the RBI from Sandeep Trivedi, Director at Address Advisors   "RBI has maintained a repo rate and that’s a good stance for developers as well as homebuyers. This will definitely keep the momentum of sales and demand of homes witnessed in 2024. However, we expect a bit more aggressive approach by the RBI to reduce the repo rate during next revision as it will provide the much needed boost for the sector to grow in th...
Quote on The Monetary Policy Announced by the RBI from Sandeep Trivedi, Director at Address Advisors
Quote on The Monetary Policy Announced by the RBI from Sandeep Trivedi, Director at Address Advisors
Source: Address Advisors
2024-12-07 02:10:13 pm
RBI MPC meeting update : CPI inflation for Q1FY26 is projected at 4.6% and Q2FY26 at 4.0% by LKP Securities We have seen a slowdown in economic activity with a modest growth of 5.4% in gross domestic product (GDP) in Q2FY25 (vs. 7.0% in Q2FY25E) due to weak private consumption and investment despite improved government spending. Going forward, strong kharif and rabi crop production, rising industrial activity and continued growth in services, bode well for private consumption. However, headwinds from global political uncertainty, global commodity prices and geopolitical tensions continue to weigh o...
RBI MPC meeting update : CPI inflation for Q1FY26 is projected at 4.6% and Q2FY26 at 4.0% by LKP Securities
RBI MPC meeting update : CPI inflation for Q1FY26 is projected at 4.6% and Q2FY26 at 4.0% by LKP Securities
Source: LKP Securities Ltd
2024-12-07 02:02:12 pm
Quote on Post-RBI MPC comment by Mr. Pankaj Sharma, CEO, Religare Finvest Below the Quote on Post-RBI MPC comment by Mr. Pankaj Sharma, CEO, Religare Finvest   The Reserve Bank of India's (RBI) stance of maintaining the repo rate at 6.50% demonstrates a nuanced approach to our current economic challenges. While we would have welcomed a rate cut, we understand the delicate balancing act of managing inflation against economic growth-we recognize the RBI's cautious approach. The current economic indicators present a complex landscape. With inflat...
Quote on Post-RBI MPC comment by Mr. Pankaj Sharma, CEO, Religare Finvest
Quote on Post-RBI MPC comment by Mr. Pankaj Sharma, CEO, Religare Finvest
Source: PR Agency
2024-12-07 09:42:30 am
Quote on The RBI Monetary Policy announced today by Ms. Namrata Mittal, Chief Economist, SBI Mutual Fund Below the Quote on The RBI Monetary Policy announced today by Ms. Namrata Mittal, Chief Economist, SBI Mutual Fund   In today’s policy meeting, the Monetary Policy Committee (MPC) voted to keep the repo rate unchanged at 6.50% and maintained a neutral stance. An interesting point is that two out of the three external members voted for a 25bps reduction in the repo rate, despite the recent CPI print being close to 6%. This raises the question: does this signal that growth...
Quote on The RBI Monetary Policy announced today by Ms. Namrata Mittal, Chief Economist, SBI Mutual Fund
Quote on The RBI Monetary Policy announced today by Ms. Namrata Mittal, Chief Economist, SBI Mutual Fund
Source: SBI Mutual Fund
2024-12-07 09:29:36 am
Quote on RBI MPC by Mohit Batra, Founder, MarketsMojo Below the Quote on RBI MPC by Mohit Batra, Founder, MarketsMojo   "While RBI did not cut the interest rate but gave relief in terms of CRR by cutting it by 50 bps. But monetary policy revised GDP from 7.2 per cent to 6.6 per cent keeping in mind lower growth in the first half of the FY2025. At the same time, Inflation is revised upwards from 4.5 to 4.8 per cent clearly suggesting that India is now facing two problems of higher inflation and slowing economy. The need of th...
Quote on RBI MPC by Mohit Batra, Founder, MarketsMojo
Quote on RBI MPC by Mohit Batra, Founder, MarketsMojo
Source: MarketsMojo
2024-12-06 05:47:07 pm
Quote on RBI MPC by Vipul Bhowar, Senior Director - Listed Investments, Waterfield Advisors Below the Quote on RBI MPC by Vipul Bhowar, Senior Director - Listed Investments, Waterfield Advisors   "The Reserve Bank of India (RBI) has maintained the repo rate at 6.5%, marking the 11th consecutive meeting without any adjustment to this critical policy rate. This decision reflects a careful balancing act between managing inflation and fostering economic growth in the context of challenging circumstances and an unpredictable global economic environment. The RBI reaff...
Quote on RBI MPC by Vipul Bhowar, Senior Director - Listed Investments, Waterfield Advisors
Quote on RBI MPC by Vipul Bhowar, Senior Director - Listed Investments, Waterfield Advisors
Source: Waterfield Advisors
2024-12-06 05:45:17 pm
Reaction On Monetary Policy Committee By Mr. Vinod Francis, GM & CFO, South Indian Bank Below the Reaction On Monetary Policy Committee By Mr. Vinod Francis, GM & CFO, South Indian Bank   “The RBI’s Monetary Policy Committee (MPC) decision to retain the repo rate at 6.5% highlights its balanced approach to supporting growth while keeping inflation under control. Acknowledging growth-inflation concerns, the decision to reduce the Cash Reserve Ratio (CRR) by 50 basis points is a prudent move that will inject liquidity into the banking system. This well-...
Reaction On Monetary Policy Committee By Mr. Vinod Francis, GM & CFO, South Indian Bank
Reaction On Monetary Policy Committee By Mr. Vinod Francis, GM & CFO, South Indian Bank
Source: PR Agency
2024-12-06 05:44:58 pm
Quote on RBI MPC by Himani Shah, Co-Fund Manager, Alchemy Capital Management Below the Quote on RBI MPC by Himani Shah, Co-Fund Manager, Alchemy Capital Management   "The CRR (Cash Reserve Ratio) cut of 50 basis points was expected and has come through, releasing about INR 1 lakh crore liquidity into the system. This is anticipated to have a positive earnings impact of 1-2% for large banks and even higher for smaller banks, in our view. This is because CRR earns no interest for banks, as it is deposited with the RBI as a regulatory requirement. Cu...
Quote on RBI MPC by Himani Shah, Co-Fund Manager, Alchemy Capital Management
Quote on RBI MPC by Himani Shah, Co-Fund Manager, Alchemy Capital Management
Source: Alchemy Capital Management
2024-12-06 05:43:44 pm
Quote on Monetary Policy Committee Meeting by Vaibhav Porwal, Co-Founder, Dezerv Below the Quote on Monetary Policy Committee Meeting by Vaibhav Porwal, Co-Founder, Dezerv   "In today’s Monetary Policy Committee (MPC) meeting, the spotlight was on GDP growth and inflation dynamics. Amidst a slowdown driven by weaker industrial activity, the RBI has revised its full-year GDP growth forecast downward. Despite the concerns of the slowing economy, the RBI is confident that the growth shall revive given the encouraging signs from high frequency indic...
Quote on Monetary Policy Committee Meeting by Vaibhav Porwal, Co-Founder, Dezerv
Quote on Monetary Policy Committee Meeting by Vaibhav Porwal, Co-Founder, Dezerv
Source: Dezerv
2024-12-06 05:38:36 pm
Quote on the RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Co-Founder and Director at The Guardians Real Estate Advisory Below the Quote on the RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Co-Founder and Director at The Guardians Real Estate Advisory   “The RBI's decision to keep the repo rate unchanged and lower the CRR shows strategic efforts to balance more cash flow with inflation control. Reducing the CRR to 4% allows banks to lend more, which is a positive step for the real estate sector. Although a cut in the repo rate would have given an extra push to housing d...
Quote on the RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Co-Founder and Director at The Guardians Real Estate Advisory
Quote on the RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Co-Founder and Director at The Guardians Real Estate Advisory
Source: PR Agency
2024-12-06 02:56:55 pm
Perspective on the RBI Monetary Policy Committee Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India Below the Perspective on the RBI Monetary Policy Committee Meeting  by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India   “As anticipated, the RBI has maintained its pause on interest rates. As the growth deceleration is not yet alarming, it provides the RBI with enough leeway to keep interest rates unchanged, focusing on controlling inflation and stabilising the currency. However, the tone of the central bank has shifted towards remaining cautious ...
Perspective on the RBI Monetary Policy Committee Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Perspective on the RBI Monetary Policy Committee Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Source: Knight Frank India
2024-12-06 02:50:38 pm
Quote on RBI Monetary Policy Committee Announcement by Mr. Killol Pandya, Senior Fund Manager of Debt at JM Financial Asset Management Ltd Below the Quote on RBI Monetary Policy Committee Announcement by Mr. Killol Pandya, Senior Fund Manager of Debt at JM  Financial Asset Management Ltd   RBI Monetary Policy Takeaways: * Reserve Bank of India (RBI) kept Repo rate unchanged at 6.50%, Standing Deposit Facility (SDF) at 6.75% and Marginal Standing Facility (MSF) at 6.75%. * The Monetary Policy Committee (MPC) retained its stance as ‘Neutral’. The principal drivers for the status quo stance were RBIs...
Quote on RBI Monetary Policy Committee Announcement by Mr. Killol Pandya, Senior Fund Manager of Debt at JM Financial Asset Management Ltd
Quote on RBI Monetary Policy Committee Announcement by Mr. Killol Pandya, Senior Fund Manager of Debt at JM Financial Asset Management Ltd
Source: JM  Financial Asset Management Ltd
2024-12-06 02:46:11 pm
Note on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund Below the Note on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund   "RBI has started the monetary easing cycle by cutting CRR by 50bps to 4% while retaining status quo on other policy rates. The cut in CRR will release INR 1.16 lakh crore of liquidity in the banking system. The yield curve has steepened post the CRR cut with the money market curve up to 1yr outperforming the longer end of the curve.”    Above views are of the...
Note on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund
Note on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund
Source: PGIM India Mutual Fund
2024-12-06 02:13:14 pm
Perspective on Monetary Policy Committee Announcement by Mr. Nikhil Gupta, Chief Economist, MOFSL Group Below the Quote on Perspective on Monetary Policy Committee Announcement  by Mr. Nikhil Gupta, Chief Economist, MOFSL Group   RBI keeps repo rate unchanged, CRR cut by 50bps to 4% CRR cut in two equal tranches, starting 14th and 28th Dec, 24 fortnights Despite shockingly weak 2QFY25 GDP growth, the RBI did the right thing by keeping repo rate unchanged. Equity market fell and yields rose initially, though the former recovered after CRR cut announcements. Real GDP...
Perspective on Monetary Policy Committee Announcement by Mr. Nikhil Gupta, Chief Economist, MOFSL Group
Perspective on Monetary Policy Committee Announcement by Mr. Nikhil Gupta, Chief Economist, MOFSL Group
Source: Motilal Oswal Financial Services Ltd
2024-12-06 02:05:00 pm
Views on RBI Monetary Policy by Piyush Bothra, Co-Founder & CFO, Square Yards Below the Views on RBI Monetary Policy by Piyush Bothra, Co-Founder & CFO, Square Yards   “The RBI's decision to keep the repo rate unchanged is slightly disappointing, as the general expectation was for a rate cut of at least 25 basis points. However, the decision to reduce the Credit Reserve Ratio (CRR)) by 50 basis points is expected to help increase liquidity in the banking system and boost overall credit disbursements. The real estate sector continues to be buoye...
Views on RBI Monetary Policy by Piyush Bothra, Co-Founder & CFO, Square Yards
Views on RBI Monetary Policy by Piyush Bothra, Co-Founder & CFO, Square Yards
Source: Square Yards
2024-12-06 01:57:53 pm
Quote on RBI Monetary Policy Committee Announcement by Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings Below the Quote on RBI Monetary Policy Committee Announcement by Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings   The MPC has taken the right call and is entirely in line with our expectations.  The RBI has kept the repo unchanged at 6.5 % since February 2023, and given the macroeconomic landscape, this is not the right time to tweak this rate. There was a strong case for a CRR cut to ease liquidity without spiking inflation. This would also provide banks with ad...
Quote on RBI Monetary Policy Committee Announcement by Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings
Quote on RBI Monetary Policy Committee Announcement by Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings
Source: Infomerics Ratings
2024-12-06 01:54:31 pm
Perspective on RBI Monetary Policy Committee by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings Below the Perspective on RBI Monetary Policy Committee by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings   “With last inflation data above the target band and growth slowing, RBI chose a cautious approach and maintained status quo on policy interest rates. The concern is not just on domestic food inflation but also global inflationary risks in midst of geopolitical conflicts and trade war. RBI has upwardly revised the average inflation projection for FY25 to 4.8%, bringi...
Perspective on RBI Monetary Policy Committee by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings
Perspective on RBI Monetary Policy Committee by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings
Source: CareEdge Ratings
2024-12-06 01:46:35 pm
Perspective on RBI Monetary Policy Committee Announcement by Mr. Piyush Baranwal, Sr. Fund Manager (Fixed Income), WhiteOak Capital Asset Management Ltd Below the Perspective  on RBI Monetary Policy Committee Announcement by Mr. Piyush Baranwal, Sr. Fund Manager (Fixed Income), WhiteOak Capital Asset Management Ltd   ‘In its MPC meeting concluded today, RBI kept its policy rates on hold, in line with its steadfast focus on durably aligning CPI with the 4% target. Pertinent to note that it wasn’t unduly perturbed by sharp moderation in Q2 GDP growth, which it saw as transitory. It instead chose to wait for more conf...
Perspective on RBI Monetary Policy Committee Announcement by Mr. Piyush Baranwal, Sr. Fund Manager (Fixed Income), WhiteOak Capital Asset Management Ltd
Perspective on RBI Monetary Policy Committee Announcement by Mr. Piyush Baranwal, Sr. Fund Manager (Fixed Income), WhiteOak Capital Asset Management Ltd
Source: WhiteOak Capital Asset Management Ltd
2024-12-06 01:41:19 pm
Perspective on MPC Data by Mr Nish Bhatt, Founder & CEO, Millwood Kane International Below the Perspective on MPC Data by Mr Nish Bhatt, Founder & CEO, Millwood Kane International   ‘The MPC keeping the repo rate and policy stance unchanged is on the expected lines. Reducing the CRR by 50 bps is a positive surprise. CRR cut will help infusion of over Rs 1.6 lakh crore into the system. It will help boost the credit offtake and the overall growth of the economy. It is concerning the central bank has hiked its CPI inflation estimate and reduced its growth...
Perspective on MPC Data by Mr Nish Bhatt, Founder & CEO, Millwood Kane International
Perspective on MPC Data by Mr Nish Bhatt, Founder & CEO, Millwood Kane International
Source: Millwood Kane International
2024-12-06 12:56:33 pm
Quote on RBI Monetary Policy - Repo Rate at Status Quo by Anuj Puri, Chairman - ANAROCK Group Below the Quote on RBI Monetary Policy - Repo Rate at Status Quo by Anuj Puri, Chairman - ANAROCK Group   Considering the recent slowdown in economic growth momentum and inflation going up, RBI decided to keep the repo rates unchanged at 6.5% for the eleventh consecutive time. To address the liquidity woes, it decided to slash the cash reserve ratio (CRR) to 4%. This cut in CRR is positive for the Indian real estate sector, as banks will have higher lending capacity. This d...
Quote on RBI Monetary Policy - Repo Rate at Status Quo by Anuj Puri, Chairman - ANAROCK Group
Quote on RBI Monetary Policy - Repo Rate at Status Quo by Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCK Group
2024-12-06 12:18:36 pm
Quote on RBI Monetary Policy Committee Announcement by Robin Arya, smallcase Manager and Founder, GoalFi Below the Quote on RBI Monetary Policy Committee Announcement by Robin Arya, smallcase Manager and Founder, GoalFi   “The RBI Monetary Policy Committee (MPC) announced its decision to maintain the repo rate at 6.5%, emphasizing the need to balance inflation control and growth. The MPC’s statement highlighted a revised FY25 inflation forecast of 4.8% (up from 4.5%), driven by elevated food prices, particularly vegetables, which surged 42% year-on-year in October. Retail ...
Quote on RBI Monetary Policy Committee Announcement by Robin Arya, smallcase Manager and Founder, GoalFi
Quote on RBI Monetary Policy Committee Announcement by Robin Arya, smallcase Manager and Founder, GoalFi
Source: PR Agency
2024-12-06 11:58:18 am
Views on RBI Monetary Announcement by Ms. Anitha Rangan, Economist at Equirus Below the Views on RBI Monetary Announcement by Ms. Anitha Rangan, Economist at Equirus   As widely expected, RBI has held its policy rate at 6.5%, while announcing a CRR cut of 50 bp in two tranches of 25 bp each over the next two fortnight, Doing this RBI has provided adequate liquidity and eased the short term borrowing, while keeping longer term well anchored. Alongside the growth outlook of 7.2% for FY25 has been taken down to 6.6%, with the recent slowdown in growth. Inflatio...
Views on RBI Monetary Announcement by Ms. Anitha Rangan, Economist at Equirus
Views on RBI Monetary Announcement by Ms. Anitha Rangan, Economist at Equirus
Source: Equirus
2024-12-06 11:53:14 am
Comment on RBI Monetary Policy Committee by Mr. Sandeep Bagla, CEO, TRUST Mutual Fund Below the Comment on RBI Monetary Policy Committee by Mr. Sandeep Bagla, CEO, TRUST Mutual Fund   "As widely expected, RBI/MPC kept repo rates unchanged. Growth is lower than expected, and inflation higher, above RBI comfort levels. It is possible that growth will pick on back of renewed Government spending in the second half of the financial year. There is pressure on Rupee from sustained FPI selling in equities. Any rate cuts would weaken the Rupee as well. RBI is likely to ...
Comment on RBI Monetary Policy Committee by Mr. Sandeep Bagla, CEO, TRUST Mutual Fund
Comment on RBI Monetary Policy Committee by Mr. Sandeep Bagla, CEO, TRUST Mutual Fund
Source: TRUST Mutual Fund
2024-12-06 11:47:06 am
Quote on Monetary Policy Committee Meeting Outcome by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services Below the Quote on Monetary Policy Committee Meeting Outcome by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services    "Monetary policy has delivered exactly what the economy and markets need in the present context. The Governor’s emphasis on price stability is appropriate given the elevated level of inflation. The decision to cut the CRR by 50bp facilitating injection of Rs 1.16 trillion of liquidity into the system will ease the liquidity c...
Quote on Monetary Policy Committee Meeting Outcome by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Quote on Monetary Policy Committee Meeting Outcome by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Source: Geojit Financial Services Ltd
2024-12-06 11:30:22 am
RBI Governor Shaktikanta Das Begins Monetary Policy Speech RBI Governor Shaktikanta Das Begins Monetary Policy Speech
RBI Governor Shaktikanta Das Begins Monetary Policy Speech
RBI Governor Shaktikanta Das Begins Monetary Policy Speech
Source: .
2024-12-06 10:04:56 am
Inputs on expectations from the upcoming RBI Monetary Policy Committee by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance Below the Inputs on expectations from the upcoming RBI MPC by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance   The Reserve Bank of India (RBI) has maintained its rates since FY24 to manage inflation, supported by robust growth. However, recent Q2FY25 GDP data indicates a slowdown in consumption and investment, which has reduced the policy space. Although growth is anticipated to improve in H2FY25, it is likely to fall short of the RBI's 7.4% target. Inflation ...
Inputs on expectations from the upcoming RBI Monetary Policy Committee by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance
Inputs on expectations from the upcoming RBI Monetary Policy Committee by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance
Source: Shriram General Insurance
2024-12-02 05:07:15 pm
India's economy slows sharply, adding pressure on central bank to cut rates India's economic growth slowed much more than expected in the third quarter, hampered by weaker expansions in manufacturing and consumption, likely adding pressure on the central bank for interest rate cuts. Gross domestic output in the world's fifth-biggest economy rose by 5.4% in July-September year-on-year, data showed on Friday, the slowest pace in seven quarters and below a Reuters poll of 6.5%. In the previous quarter it grew 6.7%. The gross value added (GVA), a more stabl...
India's economy slows sharply, adding pressure on central bank to cut rates
India's economy slows sharply, adding pressure on central bank to cut rates
Source: Reuters
2024-11-30 09:10:52 am
RBI Monetary Policy Committee Update and Fixed Income House View by Tata Mutual Fund KEY DECISIONS At its meeting held today, the RBI Monetary Policy Committee (MPC) voted with a 5-1 majority to keep key rates unchanged (Repo Rate at 6.50%, SDF rate at 6.25% and MSF rate at 6.75%). MPC unanimously voted for a change in stance from ‘withdrawal of accommodation’ to ‘neutral’ and to remain unambiguously focused on a durable alignment of inflation with the target, while supporting growth.   GDP GROWTH & INFLATION ESTIMATES Global ec...
RBI Monetary Policy Committee Update and Fixed Income House View by Tata Mutual Fund
RBI Monetary Policy Committee Update and Fixed Income House View by Tata Mutual Fund
Source: Tata Mutual Fund
2024-10-14 05:52:01 pm
Standard Chartered Bank Research: India MPC - The October Surprise The shrinking size of the problem The October Monetary Policy Committee (MPC) decision to keep rates on hold (with one dissent) had clear dovish undertones; the unanimous decision to change stance to ‘neutral’ from ‘withdrawal of accommodation’ was just one of them. A neutral stance provides the MPC with the flexibility to stay on hold, cut or hike. We note the following statements and descriptions that, in our view, signal a more dovish tone. *  The evol...
Standard Chartered Bank Research: India MPC - The October Surprise
Standard Chartered Bank Research: India MPC - The October Surprise
Source: PR Agency
2024-10-11 05:24:09 pm
Views on RBI Monetary Policy Committee by Manish Jain, director - institutional business (equity & fi) division at Mirae Asset Capital Markets Below the Views on RBI Monetary Policy Committee by Manish Jain, director - institutional business (equity & fi) division at Mirae Asset Capital Markets   RBI turned to be slightly dovish Little twist in quarterly numbers due to unfavorable quarter (extended monsoon and elections this year). But overall maintained annual estimates with improvement in 2nd half of year which is estimated to continue till next fiscal. Upcoming indicator prints will be unfavorable but the above ave...
Views on RBI Monetary Policy Committee by Manish Jain, director - institutional business (equity & fi) division at Mirae Asset Capital Markets
Views on RBI Monetary Policy Committee by Manish Jain, director - institutional business (equity & fi) division at Mirae Asset Capital Markets
Source: PR Agency
2024-10-11 02:43:26 pm
Change in RBI policy stance signals 25 bps rate cut soon, industry upbeat  The change in the RBI's stance to "neutral" from "withdrawal of accommodation" has given a signal about the interest rates reversing downwards in the next few quarters, leading industry chambers and experts said on Wednesday.   Describing the RBI monetary policy review as "realistic and pragmatic", Assocham said the change in stance signals an impending rate cut, even as the Monetary Policy Committee (MPC) kept the policy repo rates unchanged at...
Change in RBI policy stance signals 25 bps rate cut soon, industry upbeat
Change in RBI policy stance signals 25 bps rate cut soon, industry upbeat
Source: IANS
2024-10-09 05:00:57 pm
Quote on Monetary Policy Committee Meeting Outcome by Himani Shah, Co-Fund manager, Alchemy Capital Management Below the Quote on Monetary Policy Committee Meeting Outcome by Himani Shah, Co-Fund manager, Alchemy Capital Management   "In our opinion, the RBI’s decision to keep the rates unchanged is a prudent and well-considered move. Although headline inflation has moderated, it is likely to rise again due to geopolitical tensions and increasing commodity prices. Domestic growth remains strong, with urban demand holding steady and rural demand showing signs of improvement. It ...
Quote on Monetary Policy Committee Meeting Outcome by Himani Shah, Co-Fund manager, Alchemy Capital Management
Quote on Monetary Policy Committee Meeting Outcome by Himani Shah, Co-Fund manager, Alchemy Capital Management
Source: Alchemy Capital Management
2024-10-09 04:20:32 pm
Quote on Monetary Policy Committee Meeting Outcome by Vipul Bhowar, Senior Director, Listed Investments, Waterfield Advisors Below the Quote on Monetary Policy Committee Meeting Outcome by Vipul Bhowar, Senior Director, Listed Investments, Waterfield Advisors   "The neutral stance provides flexibility for banks, supporting lending activities without an immediate need for rate hikes or cuts. This should help maintain healthy credit flows to businesses and individuals, which is vital for sustaining the economic momentum. The unchanged rates are likely to sustain consumer demand, particularly in sector...
Quote on Monetary Policy Committee Meeting Outcome by Vipul Bhowar, Senior Director, Listed Investments, Waterfield Advisors
Quote on Monetary Policy Committee Meeting Outcome by Vipul Bhowar, Senior Director, Listed Investments, Waterfield Advisors
Source: Waterfield Advisors
2024-10-09 04:13:21 pm
Quote on Monetary Policy Committee Meeting Outcome by Vaibhav Porwal, Co-founder, Dezerv Below the Quote on Monetary Policy Committee Meeting Outcome by Vaibhav Porwal, Co-founder, Dezerv   "The MPC decision to keep rates unchanged aligned with our outlook and expectations. There is no immediate risk to growth, which is positive for the equity markets. While geopolitical tensions could affect inflation through commodity price fluctuations, overall liquidity remains stable, the shift from an accommodative stance to neutral opens up the chances of rate cut in t...
Quote on Monetary Policy Committee Meeting Outcome by Vaibhav Porwal, Co-founder, Dezerv
Quote on Monetary Policy Committee Meeting Outcome by Vaibhav Porwal, Co-founder, Dezerv
Source: Dezerv
2024-10-09 04:06:46 pm
Quote on RBI Monetary Policy Committee by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance Below the Quote on RBI Monetary Policy Committee by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance   "RBI’s decision to change its stance from ‘Withdrawal of Accommodation’ to ‘Neutral’ is encouraging and raises hopes of a possible rate cut in the near future. A resilient domestic economy and an overall optimistic outlook fueled by private consumption, a favourable Kharif season, and a positive outlook for the Rabi Season based on im...
Quote on RBI Monetary Policy Committee by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance
Quote on RBI Monetary Policy Committee by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance
Source: Shriram Finance Ltd
2024-10-09 04:01:12 pm
Some NBFCs not pursuing strong underwriting for high growth: RBI Governor Reserve Bank of India (RBI) Governor Shaktikanta Das said banks and NBFCs need to carefully assess their exposures in unsecured loan areas, both in terms of quality and size.   During his briefing on the decisions of the RBI Monetary Policy Committee (MPC), he said: "Some NBFCs were not pursuing strong underwriting for high growth. Self-improvement by NBFCs is the desired option. These NBFCs are also being closely monitored by the RBI and we will not hesitate to take action, if n...
Some NBFCs not pursuing strong underwriting for high growth: RBI Governor
Some NBFCs not pursuing strong underwriting for high growth: RBI Governor
Source: IANS
2024-10-09 02:53:07 pm
Views on the RBI Monetary Policy Committee by Vaibhav Shah, Fund Manager, Torus Oro PMS Below the Views on the RBI Monetary Policy Committee by Vaibhav Shah, Fund Manager, Torus Oro PMS   In line with expectations, MPC kept the interest rates unchanged at 6.5%. However with the change in stance to Neutral from Withdrawal of accommodation, we believe that the MPC has set the base for rate cuts either in December or early next year, as inflation seems to be on a continuous downward trajectory. The projections related to inflation and growth have not been altered si...
Views on the RBI Monetary Policy Committee by Vaibhav Shah, Fund Manager, Torus Oro PMS
Views on the RBI Monetary Policy Committee by Vaibhav Shah, Fund Manager, Torus Oro PMS
Source: Torus Oro PMS
2024-10-09 02:20:04 pm
Views on the RBI Monetary Policy Committee by Manish Chowdhury, Head of Research, StoxBox Below the Views on the RBI Monetary Policy Committee by Manish Chowdhury, Head of Research, StoxBox   An unexpected change in monetary policy stance from “Withdrawal of Accommodation” to “Neutral” has provided leeway to the RBI for a rate cut going ahead. However, we believe that a December rate would hinge upon multiple factors aligning including the trajectory of food inflation, the global economic and monetary policy setting and major commodity price...
Views on the RBI Monetary Policy Committee by Manish Chowdhury, Head of Research, StoxBox
Views on the RBI Monetary Policy Committee by Manish Chowdhury, Head of Research, StoxBox
Source: StoxBox
2024-10-09 02:12:35 pm
Quote on Monetary policy by Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance Below the Quote on Monetary policy by Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance   The Monetary Policy Committee has finally changed the stance of the Monetary Policy to “neutral” from withdrawal of accommodation” with all members voting for it. This has been expected by the markets for a very long time. The Governor has however cautioned that there may not be a rate cut in the following policy. It just increases the flexibility of &n...
Quote on Monetary policy by Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance
Quote on Monetary policy by Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance
Source: IndiaFirst Life Insurance Company
2024-10-09 02:06:17 pm
Perspective on the Monetary Policy Announcement by Mr. Amit Bhagat, CEO and Managing Director, ASK Property Fund Below the Perspective on the Monetary Policy Announcement by Mr. Amit Bhagat, CEO and Managing Director, ASK Property Fund   “Strong macroeconomic factors and the resultant economic growth have been driving residential real estate growth despite a status quo on interest rates. In addition to this, timely project completion has boosted consumer confidence considerably. Unlike in the past, buyers are not postponing their home-buying decisions in anticipation of rate cuts and pr...
Perspective on the Monetary Policy Announcement by Mr. Amit Bhagat, CEO and Managing Director, ASK Property Fund
Perspective on the Monetary Policy Announcement by Mr. Amit Bhagat, CEO and Managing Director, ASK Property Fund
Source: ASK Property Fund
2024-10-09 12:34:25 pm
Rupee strengthens against US dollar on Wednesday Indian rupee strengthened against the US dollar on Wednesday tracking firm domestic equities after the Reserve Bank of India's Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.5% for the 10th consecutive time. Meanwhile, a steady American currency has also supportive to domestic currency. Investors are awaiting the minutes of the Fed’s September meeting and Consumer price index inflation data for further cues on interest rate cuts. However, some gains we...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
2024-10-09 12:24:54 pm
Quote on RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Director and Co-Founder at The Guardians Real Estate Advisorys Below the Quote on RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Director and Co-Founder at The Guardians Real Estate Advisory   "We believe that the Reserve Bank of India’s decision to keep repo rates unchanged while shifting its stance to 'neutral' is a positive move for the real estate sector. As interest rates have been reduced by many central banks worldwide, the change in stance indicates that the RBI is preparing to follow a monetary p...
Quote on RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Director and Co-Founder at The Guardians Real Estate Advisorys
Quote on RBI Monetary Policy Committee Announcement by Mr. Kaushal Agarwal, Director and Co-Founder at The Guardians Real Estate Advisorys
Source: PR Agency
2024-10-09 12:24:37 pm
Reaction on the RBI Monetary Policy by Mr Vimal Nadar, Head of Research, Colliers India Below the Reaction on the RBI Monetary Policy by Mr Vimal Nadar, Head of Research, Colliers India   While RBI has kept the benchmark lending rates unchanged at 6.5%, a change in stance from “withdrawal of accommodation” to “neutral” indicates its clear direction for a possible reduction in interest rates in the foreseeable future. This ongoing stability in repo rate should provide a significant thrust to residential real estate during these festive months as...
Reaction on the RBI Monetary Policy by Mr Vimal Nadar, Head of Research, Colliers India
Reaction on the RBI Monetary Policy by Mr Vimal Nadar, Head of Research, Colliers India
Source: Colliers India
2024-10-09 11:56:47 am
Reaction on today`s RBI Monetary Policy by Ms. Anitha Rangan, Economist, Equirus Below the Reaction on today`s RBI Monetary Policy by Ms. Anitha Rangan, Economist, Equirus   "As a first step towards getting closer to rate accommodation, RBI changes its stance to “neutral” from withdrawal of accommodation. The policy is however unchanged at 6.5%. Nevertheless, the vote was 5-1 for keeping policy unchanged.  RBI noted that current and estimated dynamics of growth-inflation balance is driving the change in stance. Within this RBI&rs...
Reaction on today`s RBI Monetary Policy by Ms. Anitha Rangan, Economist, Equirus
Reaction on today`s RBI Monetary Policy by Ms. Anitha Rangan, Economist, Equirus
Source: PR Agency
2024-10-09 11:36:47 am