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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
Rising consumption, robust investment demand to boost India`s GDP: Shaktikanta Das  Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said the real GDP for FY25 is estimated to be 7.2 per cent, which is in line with global projections amid strong fundamentals, rising consumption and robust investment sentiment in the country.   Das estimated real GDP for Q2 FY25 at 7 per cent, Q3 at 7.4 per cent and Q4 at 7.4 per cent. Real GDP growth of Q1 of next year has been estimated at 7.3 per cent. Speaking on the third and last day of the RBI's Mo...
Rising consumption, robust investment demand to boost India`s GDP: Shaktikanta Das
Rising consumption, robust investment demand to boost India`s GDP: Shaktikanta Das
Source: IANS
2024-10-09 11:34:50 am
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   Well, well! Hitting the bull’s eye again and again, quite like Arjuna hitting the eye of the fish while looking in a mirror beneath him. Others may sometimes be correct but consistency is our virtue and is the key differentiator. I don’t remember having ever gone wrong in the last 10-15 years. What does it show? Basically two things- the RBI is...
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
2024-10-09 11:26:13 am
Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that retail inflation for the current fiscal (FY25) is projected at 4.5 per cent due to healthy monsoon and sound supply conditions.  Addressing the Monetary Policy Committee (MPC) meeting here, Das said that food inflation is likely to decrease later in the year, supported by a solid stock of essential commodities. The RBI MPC projected Consumer Price Index (CPI) inflation for FY25 at 4.5 per cent, with quarter...
Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor
Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor
Source: IANS
2024-10-09 11:10:28 am
India cenbank holds rates as expected, shifts stance to `neutral` The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday, as widely expected, but tweaked its policy stance to "neutral", opening the door for rate cuts amid early signs of a growth slowdown in the economy. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, kept the repo rate unchanged at 6.50% for a tenth straight policy meeting. The committee, however, changed its policy stance to "neutral" from &qu...
India cenbank holds rates as expected, shifts stance to `neutral`
India cenbank holds rates as expected, shifts stance to `neutral`
Source: Reuters
2024-10-09 10:22:10 am
India cenbank holds rates, shifts stance to `neutral` signalling rate cuts ahead The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday as widely expected, but changed its policy stance to "neutral", opening the door for rate cuts amid early signs of a slowdown in the economy. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, kept the repo rate unchanged at 6.50% for a tenth straight policy meeting. The committee, however, changed its policy stance to "neutral" from "withd...
India cenbank holds rates, shifts stance to `neutral` signalling rate cuts ahead
India cenbank holds rates, shifts stance to `neutral` signalling rate cuts ahead
Source: Reuters
2024-10-09 10:17:25 am
RBI keeps repo rate unchanged at 6.5% for 10th time in a row The Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent for a tenth time in row. Consequently, the standing deposit facility (SDF) rate remains 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 decided to change the monetary policy stance to ‘neutral’ and to remain unambiguo...
RBI keeps repo rate unchanged at 6.5% for 10th time in a row
RBI keeps repo rate unchanged at 6.5% for 10th time in a row
Source: Accord Fintech
2024-10-09 10:14:53 am
Breaking News : RBI did not make any change in the rates RBI did not make any change in the rates
Breaking News : RBI did not make any change in the rates
Breaking News : RBI did not make any change in the rates
Source:
2024-10-09 10:12:09 am
RBI Policy Preview: Status Quo on Policy Rate Expected by CareEdge Rating The RBI’s MPC, reconstituted with new external members, is set to meet this week. We anticipate that the MPC will maintain the current policy rate and stance. Inflationary risks have not fully abated, specifically concerns around food inflation continue to linger. Although economic growth has been healthy, there are some early signs of softness. The commentaries from the newly inducted external members will be closely monitored to gauge future policy directions. Overall, we expect the g...
RBI Policy Preview: Status Quo on Policy Rate Expected by CareEdge Rating
RBI Policy Preview: Status Quo on Policy Rate Expected by CareEdge Rating
Source: CareEdge Ratings
2024-10-08 06:01:08 pm
RBI MPC likely to maintain status quo, all eyes on repo rate As the Reserve Bank of India (RBI) gears up to announce the decision of its Monetary Policy Committee (MPC) meeting on October 9, industry experts on Tuesday said the Central Bank is likely to maintain a status quo on policy interest rates and if food inflation further moderates, a shallow rate cut of 50 bps in the upcoming policy meetings is likely this fiscal.  Dhiraj Relli, MD and CEO, HDFC Securities said while they do not expect the RBI to start its rate cut cycle, the possibilit...
RBI MPC likely to maintain status quo, all eyes on repo rate
RBI MPC likely to maintain status quo, all eyes on repo rate
Source: IANS
2024-10-08 05:18:56 pm
RBI likely to maintain status quo as MPC meet begins, realty sector hopeful on repo rate The Reserve Bank of India (RBI) is likely to maintain the status quo in its Monetary Policy Committee (MPC) meeting, said industry experts on Monday, as the much-anticipated three-day meeting began, led by Governor Shaktikanta Das, amid geo-political uncertainties. The six-member committee began deliberations on interest rates and analysing the state of the economy amid tensions in the Middle East. The RBI Governor will announce the MPC decision on October 9. Shishir Baijal, Chairman an...
RBI likely to maintain status quo as MPC meet begins, realty sector hopeful on repo rate
RBI likely to maintain status quo as MPC meet begins, realty sector hopeful on repo rate
Source: IANS
2024-10-07 03:15:37 pm
Expectation on RBI Monetary Policy Committee by Mr. Ajit Banerjee President & Chief Investment Officer, Shriram Life Insurance Company Below the Expectation on RBI Monetary Policy Committee by Mr. Ajit Banerjee President & Chief Investment Officer, Shriram Life Insurance Company   "All eyes are now on the RBI MPC meeting scheduled to be held on October 7-9 whether it will follow the path shown by the Fed by starting the rate cut cycle or continue to maintain the status quo on both the policy rates and stance. As far as our house view is concerned, we feel that the MPC would continue to maintain status quo...
Expectation on RBI Monetary Policy Committee by Mr. Ajit Banerjee President & Chief Investment Officer, Shriram Life Insurance Company
Expectation on RBI Monetary Policy Committee by Mr. Ajit Banerjee President & Chief Investment Officer, Shriram Life Insurance Company
Source: Shriram Life Insurance
2024-09-30 05:41:24 pm
RBI`s forex reserves set to cross $700 bn sooner than expected in FY25 Despite global economic headwinds and deepening geopolitical uncertainties, the forex reserves are at record all-time high levels and are set to cross $700 billion in FY25 sooner than expected.  According to a latest note by global investment firm Jefferies, RBI's forex reserve is estimated to go up by a massive $53 billion to reach $700 billion in the current fiscal (FY25E). The rupee is now the most stable currency among major economies, it added. However, the way forex reser...
RBI`s forex reserves set to cross $700 bn sooner than expected in FY25
RBI`s forex reserves set to cross $700 bn sooner than expected in FY25
Source: IANS
2024-09-15 12:49:03 pm
`Rate cuts expected as retail inflation remains below RBI forecast` With the inflation in the second quarter of FY25 likely to remain below the Reserve Bank of India’s (RBI) forecast of 4.4 per cent, amid the cooling of food prices, the central bank may consider rate cuts in the forthcoming Monetary Policy Committee (MPC) meetings, industry analysts said on Thursday.   The year-on-year inflation rate (3.65 per cent), based on the All India Consumer Price Index (CPI), for the month of August was the second lowest in the last five years. Dr Vij...
`Rate cuts expected as retail inflation remains below RBI forecast`
`Rate cuts expected as retail inflation remains below RBI forecast`
Source: IANS
2024-09-13 09:22:27 am
Laos to raise interest rates to ease inflation pressures The Lao central bank, the Bank of the Lao PDR (BOL), is set to further increase interest rates to alleviate inflationary pressures currently affecting the economy.  The bank's Monetary Policy Committee has decided to raise the interest rate on Lao currency kip from 10 per cent to 10.5 per cent per year. The interest rate on foreign currency deposits will also be increased, rising from 10 per cent to 11 per cent per year, according to a report issued by the BOL on Wednesday, report...
Laos to raise interest rates to ease inflation pressures
Laos to raise interest rates to ease inflation pressures
Source: IANS
2024-08-28 05:12:24 pm
India should retain headline inflation as target, external rate panel members say Headline inflation impacts Indians directly and should be retained as the target for monetary policy rather than switching to core inflation, external members of the central bank's rate panel told Reuters. A suggestion was made in the government's official annual economic report last month to target inflation excluding volatile food prices, which are driven more by supply shortages. The idea has ignited a debate in India over the appropriate target for monetary policy. India ado...
India should retain headline inflation as target, external rate panel members say
India should retain headline inflation as target, external rate panel members say
Source: Reuters
2024-08-25 09:23:34 am
India should retain headline inflation as target, external rate panel members say Headline inflation impacts Indians directly and should be retained as the target for monetary policy rather than switching to core inflation, external members of the central bank's rate panel told Reuters. A suggestion was made in the government's official annual economic report last month to target inflation excluding volatile food prices, which are driven more by supply shortages. The idea has ignited a debate in India over the appropriate target for monetary policy. India ado...
India should retain headline inflation as target, external rate panel members say
India should retain headline inflation as target, external rate panel members say
Source: Reuters
2024-08-24 09:34:19 am
Domestic growth likely to hold up on strength of investment demand, consumption: RBI Minutes The Reserve Bank of India (RBI) in its latest release ‘the minutes of the Monetary Policy Committee (MPC) meeting’ has said that the MPC expects domestic growth to hold up on the strength of investment demand, steady urban consumption and rising rural consumption.  According to the minutes, risks from volatile and elevated food prices remain high, which may adversely impact inflation expectations and result in spillovers to core inflation. There are also indications of cor...
Domestic growth likely to hold up on strength of investment demand, consumption: RBI Minutes
Domestic growth likely to hold up on strength of investment demand, consumption: RBI Minutes
Source: Accord Fintech
2024-08-23 01:50:38 pm
Rupee strengthens against US dollar on Friday Indian Rupee strengthened against the US dollar on Friday, tracking weakness in the American currency at overseas markets and fresh foreign fund inflows into Indian capital market. Foreign Institutional Investors were net buyers in the capital markets on Thursday as they purchased shares worth Rs 1,371.79 crore, exchange data showed. Moreover, softening crude oil prices also supporting rupee sentiments. Meanwhile, the Reserve Bank of India released the minutes of the Monetary Policy Committee...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-08-23 11:28:57 am
High food prices in India threaten overall inflation outlook, say rate panel members Rising food prices have prevented India's headline inflation from hitting the central bank's 4% target, requiring the monetary policy committee (MPC) to stick to its restrictive stance, minutes of the Reserve Bank of India's August meeting showed. "Persistent food inflation is imparting stickiness to headline inflation," Governor Shaktikanta Das said in the minutes released on Thursday. "Durable alignment of inflation to the target of 4% is still some distance...
High food prices in India threaten overall inflation outlook, say rate panel members
High food prices in India threaten overall inflation outlook, say rate panel members
Source: Reuters
2024-08-23 09:32:43 am
Rate cut only after durable alignment of inflation to 4 pc target: RBI chief A decision on reducing the key policy repo rate will depend on keeping inflation in check and the fall in food and vegetable prices in July was not enough to cut rates, Reserve Bank of India Governor Shaktikanta Das told NDTV in an exclusive interview on Tuesday.  “Any reduction in the policy rate will also depend on future data, with inflation being the biggest influencer,” the RBI chief told NDTV Editor-in-Chief Sanjay Pugalia. "What we seek is a durable alignmen...
Rate cut only after durable alignment of inflation to 4 pc target: RBI chief
Rate cut only after durable alignment of inflation to 4 pc target: RBI chief
Source: IANS
2024-08-21 09:42:32 am
Indian rupee strengthens against US dollar on Friday Indian rupee strengthened against the US dollar on Friday tracking weakness in the American currency. Further, hopes for a rate cut from the Federal Reserve in September also supported rupee sentiments. However, a surge in crude oil prices amid growing Middle East tensions and foreign fund outflows from the capital market have restricted the up-move. Foreign Institutional Investors (FIIs) were net sellers in the capital markets, as they offloaded shares worth Rs 2,626.73 crore on Thursday, ex...
Indian rupee strengthens against US dollar on Friday
Indian rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-08-09 12:53:21 pm
Quote on Reaction Monetary Policy By Mr Nikunj Saraf , Choice International Limited Below the Quote on Reaction Monetary Policy By Mr Nikunj Saraf , Choice International Limited   “The RBI has decided to hold its key interest rate steady at 6.50% for the ninth consecutive meeting. This decision, approved by a 4:2 majority, demonstrates the central bank's ongoing commitment to balancing the need for inflation control with supporting overall economic stability. Maintaining its 'withdrawal of accommodation' stance, the RBI is aiming to manage i...
Quote on Reaction Monetary Policy By Mr Nikunj Saraf , Choice International Limited
Quote on Reaction Monetary Policy By Mr Nikunj Saraf , Choice International Limited
Source: Choice International Limited
2024-08-08 05:04:11 pm
comment on RBI Monetary Policy Committee by Mr. Mihir Vora, CIO, TRUST Mutual Fund Below the comment on RBI Monetary Policy Committee by Mr. Mihir Vora, CIO, TRUST Mutual Fund   The Monetary Policy Committee (MPC) meeting is convened against a backdrop of volatile global environment. The Bank of Japan (BoJ) hiked interest rates by 25 bps last week as inflation continued to remain higher and to arrest the weakening of the Yen against the dollar. The labor market data released last Friday in the US was much weaker than expected. This raised concerns of a...
comment on RBI Monetary Policy Committee by Mr. Mihir Vora, CIO, TRUST Mutual Fund
comment on RBI Monetary Policy Committee by Mr. Mihir Vora, CIO, TRUST Mutual Fund
Source: TRUST Mutual Fund
2024-08-08 04:53:40 pm
RBI Monetary Policy Comments on Enhancing Transaction Limit for Tax Payments through UPI By Rahul Jain – CFO, NTT DATA Payment Services India Below the RBI Monetary Policy Comments on Enhancing Transaction Limit for Tax Payments through UPI By Rahul Jain – CFO, NTT DATA Payment Services India   The Central Bank’s announcement to increase the transaction limit to Rs 5 lakh for tax payments using Unified Payments Interface (UPI), from Rs 1 lakh earlier is a significant move, propelling India towards digitally inclusive economy. This initiative will strengthen the tax-collection system, reduce the cost of t...
RBI Monetary Policy Comments on Enhancing Transaction Limit for Tax Payments through UPI By Rahul Jain – CFO, NTT DATA Payment Services India
RBI Monetary Policy Comments on Enhancing Transaction Limit for Tax Payments through UPI By Rahul Jain – CFO, NTT DATA Payment Services India
Source: NTT DATA Payment Services India
2024-08-08 04:47:42 pm
RBI Monetary Policy Comment on Introduction of `Delegated Payments` through UPI By Rahul Jain – CFO, NTT DATA Payment Services India Below the RBI Monetary Policy Comment on Introduction of `Delegated Payments` through UPI By Rahul Jain – CFO, NTT DATA Payment Services India   Allowing Delegated Payments can be a pivotal step in expanding the userbase of Unified Payments Interface (UPI). Through this development, two family members can now use one bank account for making UPI payments. While we wait for more details, this initiative will further strengthen and enhance UPI payments especially in rural a...
RBI Monetary Policy Comment on Introduction of `Delegated Payments` through UPI By Rahul Jain – CFO, NTT DATA Payment Services India
RBI Monetary Policy Comment on Introduction of `Delegated Payments` through UPI By Rahul Jain – CFO, NTT DATA Payment Services India
Source: NTT DATA Payment Services India
2024-08-08 04:29:07 pm
Views on RBI Monetary Policy Committee August 2024 By Siddhartha Sanyal, Chief Economist and Head of Research, Bandhan Bank Below the Views on RBI Monetary Policy Committee August 2024 By Siddhartha Sanyal, Chief Economist and Head of Research, Bandhan Bank   "The status quo on the repo rate is no surprise. The central bank was emphatic to underscore their commitment for further disinflation. They seem to be in no hurry to cut rates. While RBI closely watches the heightened volatility in financial markets globally, it rightly avoids any knee-jerk reaction. Given India’s generally s...
Views on RBI Monetary Policy Committee August 2024 By Siddhartha Sanyal, Chief Economist and Head of Research, Bandhan Bank
Views on RBI Monetary Policy Committee August 2024 By Siddhartha Sanyal, Chief Economist and Head of Research, Bandhan Bank
Source: Bandhan Bank
2024-08-08 04:09:47 pm
Views on RBI Monetary Policy by Mr. George Alexander Muthoot, MD, Muthoot Finance Below the Views on RBI Monetary Policy by Mr. George Alexander Muthoot, MD, Muthoot Finance   We commend the RBI’s commitment to maintaining stability in India’s financial system by keeping the repo rate unchanged at 6.5% and its stance on ‘withdrawal of accommodation’. This prudent approach is crucial, particularly given the uneven expansion owing to geopolitical tensions in the Middle East. Despite these challenges, we are glad to witne...
Views on RBI Monetary Policy by Mr. George Alexander Muthoot, MD, Muthoot Finance
Views on RBI Monetary Policy by Mr. George Alexander Muthoot, MD, Muthoot Finance
Source: Muthoot Finance
2024-08-08 04:00:31 pm
Perspective On RBI Monetary Policy Committee Announcement by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services Below the Quote on On RBI Monetary Policy Committee Announcement by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services   The fluidity of global Goldilocks narratives, financial markets turmoil and policy repricing’s found little space in the Governor's speech, thanks to recent easing volatility in the financial markets. However, noisy food inflation back home, and a still-elusive 4% inflation target formed the base for the RBI decision making. Unde...
Perspective On RBI Monetary Policy Committee Announcement by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services
Perspective On RBI Monetary Policy Committee Announcement by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-08-08 03:36:17 pm
Perspective on Monatary Policy Committee Announcement by Mr. Nikhil Gupta, Chief Economist, MOFSL Group Below the Quote on MPC Announcement by Mr. Nikhil Gupta, Chief Economist, MOFSL Group   As broadly expected, the RBI kept interest rates unchanged. What probably was more important was the Governor's emphasis on the headline inflation (with food inflation playing an important role) and the focus on inflation deceleration when growth remains so good. This, to our mind, indicates that rate cuts are not coming anytime soon (unless growth falters). -- The MPC has revis...
Perspective on Monatary Policy Committee Announcement by Mr. Nikhil Gupta, Chief Economist, MOFSL Group
Perspective on Monatary Policy Committee Announcement by Mr. Nikhil Gupta, Chief Economist, MOFSL Group
Source: MOFSL Group
2024-08-08 03:05:43 pm
Quote on RBI Monetaty Policy Committee announcement by Dr Manoranjan Sharma, Chief Economist at Infomerics Ratings Below the Quote on RBI Monetaty Policy Committee announcement by Dr Manoranjan Sharma, Chief Economist at Infomerics Ratings   Medium-term global growth outlook is marred by “demographic shifts, climate change, geopolitical tensions and fragmentations, rising public debt and new technologies (e.g., artificial intelligence)”. The domestic scenario is characterised by resilient macro-economy and moderating inflation but uneven and slow disinflation.  In view of ...
Quote on RBI Monetaty Policy Committee announcement by Dr Manoranjan Sharma, Chief Economist at Infomerics Ratings
Quote on RBI Monetaty Policy Committee announcement by Dr Manoranjan Sharma, Chief Economist at Infomerics Ratings
Source: Infomerics Ratings
2024-08-08 02:57:12 pm
Quote on RBI Monetary Policy by Mr. K V Srinivasan, Executive Director and CEO, Profectus Capital Ltd   Below the Quote on RBI Monetary Policy by Mr. K V Srinivasan, Executive Director and CEO, Profectus Capital Ltd   “As expected, the RBI has maintained policy rates at existing levels with no change in stance of withdrawal of accommodation. The RBI wants to ensure that inflation comes down to its permissible range before reducing policy rates. Nonetheless, The RBI has ensured sufficient liquidity. From an MSME perspective, it’s better to have a stable inte...
Quote on RBI Monetary Policy by Mr. K V Srinivasan, Executive Director and CEO, Profectus Capital Ltd
Quote on RBI Monetary Policy by Mr. K V Srinivasan, Executive Director and CEO, Profectus Capital Ltd
Source: Profectus Capital Ltd
2024-08-08 02:48:41 pm