News

RBI to cut rates in December to 6.25%, say narrow majority of economists India's central bank will cut its key policy rate in December by a quarter point to 6.25% to bolster slowing economic growth, according to a slim majority of economists in a Reuters poll who also expect inflation to moderate in the near-term. Inflation unexpectedly spiked to 5.49% in September, but was forecast to cool to an average 4.9% this quarter and drop to 4.6% in January-March, giving the Reserve Bank of India (RBI) room to ease policy. The central bank has held interest rate...
RBI to cut rates in December to 6.25%, say narrow majority of economists
RBI to cut rates in December to 6.25%, say narrow majority of economists
Source: Reuters
2024-10-30 09:08:26 am
India cenbank deputy says climate, tech risks a threat to inflation targetting Risks posed by climate change and digitalisation are likely to make it tougher for central banks to implement inflation-targetting monetary policy in the coming years, according to a deputy governor at the Reserve Bank of India. Central banks face an "existential threat" to their inflation mandates from climate change through supply shocks, such as food and energy shortages, and a decline in productive capacity, Michael Patra said at a conference in New Delhi on Monday. The sp...
India cenbank deputy says climate, tech risks a threat to inflation targetting
India cenbank deputy says climate, tech risks a threat to inflation targetting
Source: IANS
2024-10-15 09:26:26 am
Quote on Post Monetary Policy Committee By Prashant Pimple CIO- Fixed Income, Baroda BNP Paribas Mutual Fund Below the Quote on Post Monetary Policy Committee By Prashant Pimple CIO- Fixed Income, Baroda BNP Paribas Mutual Fund   “RBI MPC in its October 2024 meeting decided to keep on hold on repo rate at 6.5% with a voting ratio of 5:1. The highlight of the policy was change in stance to ‘Neutral’, embarking a shift towards policy guidance and expectations of rate cuts. Overall, the policy was in line with our expectations of a stance change and t...
Quote on Post Monetary Policy Committee By Prashant Pimple CIO- Fixed Income, Baroda BNP Paribas Mutual Fund
Quote on Post Monetary Policy Committee By Prashant Pimple CIO- Fixed Income, Baroda BNP Paribas Mutual Fund
Source: Baroda BNP Paribas Mutual Fund
2024-10-09 05:01:16 pm
Quote on RBI Monetary Policy - rate cut would help catalyse housing sales by Anuj Puri, Chairman - ANAROCK Group Below the Quote on RBI Monetary Policy - rate cut would help catalyse housing sales by Anuj Puri, Chairman - ANAROCK Group   The RBI’s upcoming monetary policy announcement will, as always, have implications on different industries and markets. The housing market is especially sensitive to changes in acquisition cost since in India, most home buyers use home loans. A cut in the repo rate would result in lower interest rates on home loans, which makes EMIs more manageable...
Quote on RBI Monetary Policy - rate cut would help catalyse housing sales by Anuj Puri, Chairman - ANAROCK Group
Quote on RBI Monetary Policy - rate cut would help catalyse housing sales by Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCK Group
2024-10-07 03:41:07 pm
Demand conditions gathering momentum in India: RBI Bulletin The Reserve Bank of India (RBI) in its latest monthly Bulletin has said that persistent geopolitical tensions, rekindled fears of a potential recession in key economies and financial market volatility in response to monetary policy divergence cast a shadow on global economic prospects even as inflation moderated grudgingly across countries.  The Bulletin further noted that in India, aggregate demand conditions are gathering momentum with revival in rural consumption on the back of gro...
Demand conditions gathering momentum in India: RBI Bulletin
Demand conditions gathering momentum in India: RBI Bulletin
Source: Accord Fintech
2024-08-20 02:27:06 pm
New Zealand eases level of monetary policy restraint  New Zealand's central bank eased the level of monetary policy restraint by reducing the official cash rate (OCR) by 25 basis points to 5.25 per cent on Wednesday due to eased inflation.  New Zealand's annual consumer price inflation is returning to within the Monetary Policy Committee's (MPC) 1 to 3 per cent target band,  Xinhua news agency reported, citing a statement of the Reserve Bank of New Zealand (RBNZ). "Surveyed inflation expectations, firms'...
New Zealand eases level of monetary policy restraint
New Zealand eases level of monetary policy restraint
Source: IANS
2024-08-14 02:24:30 pm
Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance Below the Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance   Today’s MPC decision to keep the repo rate unchanged at 6.5% did not come as any surprise as the rate setting committee once again reiterated its stand on containing inflation without sacrificing growth. More importantly, the apex bank has kept the GDP growth forecast for the current fiscal unchanged at 7.2% which underscores its stance of `withdrawing accommodation' ...
Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance
Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance
Source: Manappuram Finance
2024-08-08 01:00:15 pm
Comment on RBI MPC by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker Below the Quote on RBI MPC by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker   The RBI Governor chose to play safe and maintained a status quo. Though the US Federal Reserve is expected to cut rates in the next policy review and ECB and BOE have started with a rate-reduction cycle, the RBI prioritized inflation management. Overall, the statement can be considered hawkish from the capital market participants point of view. RBI has maintained the grow...
Comment on RBI MPC by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker
Comment on RBI MPC by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker
Source: PR Agency
2024-08-08 12:39:11 pm
Steady repo rate and indexation benefits drive market optimism By Anuj Puri, Chairman - ANAROCK Group Below the Quote on Steady repo rate and indexation benefits drive market optimism By Anuj Puri, Chairman - ANAROCK Group   The RBI's decision to keep repo rates unchanged at 6.5% for ninth consecutive time aligns well with yesterday's announcement on indexation benefits. It sets a positive tone for the housing industry. Maintaining interest rates offers consistency in borrowing costs, which will prompt more aspiring homebuyers to consider taking the plunge - ...
Steady repo rate and indexation benefits drive market optimism By Anuj Puri, Chairman - ANAROCK Group
Steady repo rate and indexation benefits drive market optimism By Anuj Puri, Chairman - ANAROCK Group
Source: ANAROCK Group
2024-08-08 12:26:11 pm
View on the RBI MPC By Manish Chowdhury, Head of Research, StoxBox Below the Quote on RBI MPC By Manish Chowdhury, Head of Research, StoxBox   The RBI has decided to keep the repo rate unchanged in its August MPC meeting, reflecting India's robust growth despite uncertainties in weather, geopolitics, and AI-driven tech disruptions. While the economic outlook remains positive, the central bank refrained from revising the inflation forecast downwards due to elevated food prices. Confident in its inflation management efforts, the RBI aims to...
View on the RBI MPC By Manish Chowdhury, Head of Research, StoxBox
View on the RBI MPC By Manish Chowdhury, Head of Research, StoxBox
Source: StoxBox
2024-08-08 12:19:16 pm
Post policy reaction By Lakshmi Iyer, CEO - Investments & Strategy, Kotak Alternate Asset Managers Limited Below the Quote on Post policy reaction By Lakshmi Iyer, CEO - Investments & Strategy, Kotak Alternate Asset Managers Limited   Status quo on rates and Policy stance Was in line with our expectations. The RBI does not seem to be under any duress to act just because of global developments. Markets to be guided by Development on the global policy front , Domestic inflation, And monsoon progress. Bond yields to continue to find anchor due to FPI buying. We maintain our pre...
Post policy reaction By Lakshmi Iyer, CEO - Investments & Strategy, Kotak Alternate Asset Managers Limited
Post policy reaction By Lakshmi Iyer, CEO - Investments & Strategy, Kotak Alternate Asset Managers Limited
Source: Kotak Alternate Asset Managers Limited
2024-08-08 12:02:01 pm
Quote on RBI MPC Outcome By Mr. Mohit Jain, Managing Director, Krisumi Corporation Below the Quote on RBI MPC Outcome By Mr. Mohit Jain, Managing Director, Krisumi Corporation   “While a rate cut would have been an ideal scenario to propel economic growth across industries including real estate, maintaining the status quo will help prevent borrowing cost from rising, enable affordability, propel the residential demand and boost the overall economy. The RBI’s endeavour to maintain a stable policy environment will benefit not just homebuyers but al...
Quote on RBI MPC Outcome By Mr. Mohit Jain, Managing Director, Krisumi Corporation
Quote on RBI MPC Outcome By Mr. Mohit Jain, Managing Director, Krisumi Corporation
Source: Krisumi Corporation
2024-08-08 11:50:21 am
Quote on RBI MPC Outcome By Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited Below the Quote on RBI MPC Outcome By Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited   We welcome the Reserve Bank of India's (RBI) decision to keep the policy rate unchanged to maintain economic growth and keep inflation under control. This decision fosters a stable economic environment, which is crucial for sustained development. We believe that stable interest rates are particularly beneficial for the real estate sector. When interest rates...
Quote on RBI MPC Outcome By Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited
Quote on RBI MPC Outcome By Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited
Source: PR Agency
2024-08-08 11:21:31 am
Quote on Pre Monetary Policy expectations By Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings Below the Quote on Pre Monetary Policy expectations By Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings   With India reinforcing its position as a “bright spot” in the global economy and straddling well the path of high growth and reasonably contained inflation, the MPC’s August 2024 deliberations assume significance. Two issues most often discussed in the run-up to the Policy are the stance of the RBI and the change, if any...
Quote on Pre Monetary Policy expectations By Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings
Quote on Pre Monetary Policy expectations By Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings
Source: Infomerics Ratings
2024-08-05 01:51:11 pm
Rupee strengthens against US dollar in early trade on Monday Indian rupee strengthened against the US dollar in early trade on Monday, as the American currency retreated from its elevated level on news that US President Joe Biden has endorsed his vice president Kamala Harris to become the Democratic nominee in the November election after he announced he would step aside from the race. Moreover, foreign fund inflows and possible intervention by the Reserve Bank of India have also supported the Indian currency at lower levels. Foreign Institutional Inves...
Rupee strengthens against US dollar in early trade on Monday
Rupee strengthens against US dollar in early trade on Monday
Source: Accord Fintech
2024-07-22 12:21:46 pm
Monetary policy has to be ‘clearly and unambiguously’ focused on inflation: RBI Governor The Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the monetary policy has to be ‘clearly and unambiguously’ focused on inflation in an environment like the current one, where growth is steady. Amid a debate around neutral rates, he said theoretical and abstract concepts as arrived at are based on a person’s judgment and cannot determine the policy in the real world. It can be noted that the RBI has been steadfastly maintaining the status quo on interest ...
Monetary policy has to be ‘clearly and unambiguously’ focused on inflation: RBI Governor
Monetary policy has to be ‘clearly and unambiguously’ focused on inflation: RBI Governor
Source: Accord Fintech
2024-07-22 12:15:25 pm
Neutral rate cannot determine monetary policy in India, says cenbank chief The Indian central bank's target is to bring down inflation to 4% and though it looks at the real and neutral rates in the economy, those cannot be determinants of monetary policy, Governor Shaktikanta Das said on Friday. "Neutral rate and all are theoretical, abstract concepts that cannot determine policy in the real world," Das said at an event organised by the Financial Express newspaper. On Thursday, the Reserve Bank of India said the economy's neutral or natural r...
Neutral rate cannot determine monetary policy in India, says cenbank chief
Neutral rate cannot determine monetary policy in India, says cenbank chief
Source: Reuters
2024-07-19 01:55:22 pm
Industry hails RBI`s goal to become model central bank for Global South  Industry experts on Friday hailed the status quo stance of the monetary policy, expecting the inflation trajectory to stabilise within the target band of the Reserve Bank of India (RBI), welcoming its goal to become a model central bank for the Global South in the coming times.  The Central Bank has left the key interest rates unchanged in its monetary policy review as it continues to maintain a balance between economic growth and keeping inflation in check. Sanjeev Agrawal, ...
Industry hails RBI`s goal to become model central bank for Global South
Industry hails RBI`s goal to become model central bank for Global South
Source: IANS
2024-06-07 03:03:12 pm
RBI keeps repo rate unchanged at 6.5 pc to maintain balance between growth and inflation The RBI left the key interest rates unchanged in its monetary policy review on Friday as it continues to maintain a balance between economic growth and keeping inflation in check.  The RBI’s Monetary Policy Committee (MPC) meeting decided to stick to the current 6.5 per cent repo rate with a 4:2 majority vote, RBI Governor Shaktikanta Das said after the meeting. The RBI Governor said, "The pattern of world crisis continues, but India is headed for a sustained high growth...
RBI keeps repo rate unchanged at 6.5 pc to maintain balance between growth and inflation
RBI keeps repo rate unchanged at 6.5 pc to maintain balance between growth and inflation
Source: IANS
2024-06-07 10:07:27 am
India forex reserves surge by $2.56 bn to $644.15 bn  India’s foreign exchange reserves surged by $2.56 billion to $644.15 billion during the week ended May 10, the latest data released by the RBI showed on Friday. This is the second consecutive week during which the country’s forex kitty has expanded after registering a $3.66 billion rise to $641.59 billion for the week ended on May 3. India's foreign exchange reserves had touched a lifetime high of $648.562 billion in April after which they had declined for three we...
India forex reserves surge by $2.56 bn to $644.15 bn
India forex reserves surge by $2.56 bn to $644.15 bn
Source: IANS
2024-05-18 09:21:43 am
Economy Update: RBI MPC Minutes By Emkay Global Financial Services Focus on maintaining market stability The April MPC meeting minutes reflect RBI’s comfort on favourable domestic dynamics, while concerns remained around the possibility of food price spikes. The MPC also seems to be focused on maintaining stability in markets, in contrast to repricing seen in DMs, with anchoring inflation expectations a key factor for keeping rates on hold. Better growth dynamics also provide more room to focus on inflation. Thus, with comfortable domestic condition...
Economy Update: RBI MPC Minutes By Emkay Global Financial Services
Economy Update: RBI MPC Minutes By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-05-15 10:41:15 am
India`s forex reserves surge by $3.7 bn to touch $641.6 bn mark  India's foreign exchange reserves rose by $3.7 billion during the week ended May 3 to touch the $641.59 billion mark, the latest RBI data released on Friday showed. This is the biggest gain in close to two months and reverses the declining trend over the previous three weeks. India's foreign exchange reserves had touched a lifetime high of $648.562 billion in April after which they had declined for three weeks in a row by $10.6 billion. RBI Governor Shaktikanta Das on F...
India`s forex reserves surge by $3.7 bn to touch $641.6 bn mark
India`s forex reserves surge by $3.7 bn to touch $641.6 bn mark
Source: IANS
2024-05-11 11:18:02 am
Yen clings to sharp gains after suspected intervention, Fed in focus The yen held its line against the dollar on Tuesday after making sharp gains the previous day in moves that traders said were sparked by suspected intervention by Japanese authorities. The Japanese currency was trading a touch lower 0.16% at 156.56 per dollar, but was well off its 34-year low of 160.245 hit on Monday when traders say yen-buying intervention by Tokyo drove a sizeable rebound of nearly six yen. Japanese authorities haven't confirmed that they had stepped into the curr...
Yen clings to sharp gains after suspected intervention, Fed in focus
Yen clings to sharp gains after suspected intervention, Fed in focus
Source: Reuters
2024-04-30 09:02:37 am
ADB ups India`s growth forecast for 2024-25 to 7 pc, expects inflation to dip The Asian Development Bank (ADB) on Thursday raised India’s GDP growth forecast for 2024-25 to 7 per cent as it expects public and private sector investment along with a gradual improvement in consumer demand to drive up the growth rate. The ADB had in December projected India’s economic growth rate at 6.7 per cent for the 2024-25 financial year. The ADB also expects India’s inflation rate to come down going ahead. "The Indian economy grew robustly in fiscal 20...
ADB ups India`s growth forecast for 2024-25 to 7 pc, expects inflation to dip
ADB ups India`s growth forecast for 2024-25 to 7 pc, expects inflation to dip
Source: IANS
2024-04-11 01:46:23 pm
Bank Nifty edges higher on robust credit growth Although the RBI policy meeting unfolded as anticipated on Friday, concerns over food inflation and warnings of a heat wave tempered the sentiment, said Vinod Nair, Head of Research at Geojit Financial Services. While the main domestic indices concluded with marginal movement, the Bank Nifty edged higher, propelled by robust credit growth in Q4FY24, Nair said. The global sentiment was dampened by the rise in oil prices and tensions in the Middle East, as investors remain attentive to th...
Bank Nifty edges higher on robust credit growth
Bank Nifty edges higher on robust credit growth
Source: IANS
2024-04-05 04:34:35 pm
RBI sees price of India`s crude oil imports at $85 a barrel in 2024-25 The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel going ahead amid geopolitical tensions which have “imparted significant uncertainty” to the outlook. India exports around 85 per cent of its crude requirement, and soaring oil prices which have often crossed the $90 a barrel mark in recent years, tend to drag down the economy. The RBI’s monetary policy report released on Friday states that international crude prices exhibite...
RBI sees price of India`s crude oil imports at $85 a barrel in 2024-25
RBI sees price of India`s crude oil imports at $85 a barrel in 2024-25
Source: IANS
2024-04-05 04:01:07 pm
Retail investors can lock in high yields across fixed income products, say analysts For retail investors, this is a great time to invest in fixed-income products and they can continue to enjoy and lock in high yields now across various products such as government bonds, corporate bonds, and fixed deposit (FD) instruments, says Saurav Ghosh, Co-Founder, Jiraaf. RBI keeping the key repo rate unchanged at 6.50 per cent is in line with expectations given the core inflation has reduced and growth rate projections are in line with expectations. This is good for the broader indu...
Retail investors can lock in high yields across fixed income products, say analysts
Retail investors can lock in high yields across fixed income products, say analysts
Source: IANS
2024-04-05 02:02:13 pm
RBI to launch new NRI scheme for Sovereign Green Bonds in IFSC With a view to facilitating wider non-resident participation in Sovereign Green Bonds, a scheme for investment and trading in these Bonds in the IFSC will be notified shortly, RBI Governor Shaktikanta Das announced on Friday. He also said that the RBI would launch a mobile app for accessing the Retail Direct portal to widen the reach of the RBI Retail Direct Scheme which was launched in November 2021. This will be of greater convenience to retail investors and deepen the G-sec market. I...
RBI to launch new NRI scheme for Sovereign Green Bonds in IFSC
RBI to launch new NRI scheme for Sovereign Green Bonds in IFSC
Source: IANS
2024-04-05 12:04:58 pm
India`s rate panel holds key repo rate steady, as expected India's monetary policy committee held the key repo rate unchanged for a seventh straight policy meeting on Friday as it awaited a sustained fall in inflation towards its 4% target, with economic growth also remaining robust. The Reserve Bank of India kept the main lending rate unchanged at 6.5%, in line with expectations. The repo rate was raised by a total of 250 basis points between May 2022 and February 2023. Robust growth provides space for monetary policy to remain focused on ...
India`s rate panel holds key repo rate steady, as expected
India`s rate panel holds key repo rate steady, as expected
Source: Reuters
2024-04-05 10:24:19 am
Nifty, Sensex close at all-time highs ahead of RBI MPC meet The Indian benchmark indices climbed to record highs before closing in the green after a volatile session of trade on Thursday, succumbing to profit-taking at higher levels, as per a report by Asit C. Mehta Investment Intermediates. While the Nifty closed 80 points, or 0.36 per cent, up at 22,514.65, the Sensex ended 350.81 points, or 0.47 percent, higher at 74,227.63, their best close ever. Trading was volatile due to the expiry of weekly index options on the NSE. The investors are als...
Nifty, Sensex close at all-time highs ahead of RBI MPC meet
Nifty, Sensex close at all-time highs ahead of RBI MPC meet
Source: IANS
2024-04-04 05:22:38 pm
India`s services sector growth surges leading to more jobs in March: PMI survey India's services sector growth accelerated in March on the back of strong demand, leading to employment increasing at the fastest rate in seven months and export business expanding at a record pace during the month, according to an HSBC survey released on Thursday. HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 61.2 last month from February's 60.6. This is well above the 50-mark on the index which separates growth from contraction. ...
India`s services sector growth surges leading to more jobs in March: PMI survey
India`s services sector growth surges leading to more jobs in March: PMI survey
Source: IANS
2024-04-04 01:52:14 pm
India`s `Goldilocks` economy to prompt central bank to keep rates on hold  Strong economic growth and moderating inflation means India's central bank will have room to keep interest rates on hold at its review this week and likely until July, economists say. The Reserve Bank of India (RBI) is widely expected to keep rates unchanged on Friday, for the seventh consecutive meeting. All 56 economists in the March 15-22 Reuters poll expected the RBI to hold the repo rate at 6.50% while most expect no change at least until July. The RBI has ample room t...
India`s `Goldilocks` economy to prompt central bank to keep rates on hold
India`s `Goldilocks` economy to prompt central bank to keep rates on hold
Source: Reuters
2024-04-03 02:19:54 pm
Indian indices on strong footing at onset of new financial year The Indian market was on a strong footing at the onset of the new financial year on Monday. At close on Monday, the Nifty was up 135.10 points, or 0.61 per cent, at 22,462, while the Sensex was up 363.20 points, or 0.49 per cent, at 74,014.55, Vinod Nair, Head of Research at Geojit Financial Services, said this confidence is supported by a global rally in expectation of a US Fed rate cut in June and a healthy domestic earnings growth forecast in Q4FY24. Metal stocks excelled on Monda...
Indian indices on strong footing at onset of new financial year
Indian indices on strong footing at onset of new financial year
Source: IANS
2024-04-01 05:02:04 pm
Metal stocks lead spurt in Sensex Sensex is up more than 400 points in trade on Monday led by metal stocks. Sensex is trading at 74,053 points, up by 402 points. JSW Steel is up more than 4 per cent, Tata Steel is up more than 3 per cent. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the undertone of the market is bullish and there is momentum in the market. The market has been showing signs of consolidation but the spurt in Nifty by 322 points in the last 2 trading days indicates that th...
Metal stocks lead spurt in Sensex
Metal stocks lead spurt in Sensex
Source: IANS
2024-04-01 11:48:07 am
Bank of India falls after RBI imposes monetary penalty Bank of India is currently trading at Rs. 125.95, down by 4.40 points or 3.38% from its previous closing of Rs. 130.35 on the BSE. The scrip opened at Rs. 130.95 and has touched a high and low of Rs. 132.70 and Rs. 125.65 respectively. So far 499129 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.35 on 02-Feb-2024 and a 52 week low of Rs. 67.00 on 27-Mar-2023. Last one week high and low of the scrip stood a...
Bank of India falls after RBI imposes monetary penalty
Bank of India falls after RBI imposes monetary penalty
Source: Accord Fintech
2024-03-15 12:57:35 pm
Analysts do not see any monetary policy action based on inflation or growth this year Inflation came in line with market expectations, however, industrial output came in slightly lower than expected, as per Motilal Oswal Financial Services. At the same time, real GDP growth came in much better than expected for 3QFY24. With continued robustness in HFIs for January 2024 and February 2024, there is a possibility of positive surprise for 4QFY24 GDP growth as well. “We see inflation at 5.4 per cent in 4QFY24, before easing to 3.8 per cent in 1QFY25. Thus, we do not see an...
Analysts do not see any monetary policy action based on inflation or growth this year
Analysts do not see any monetary policy action based on inflation or growth this year
Source: IANS
2024-03-13 03:08:12 pm
India`s annual GDP growth could be `very close` to 8%, says RBI chief The Indian economy's GDP growth in the current fiscal year ending in March could be "very close" to 8%, Reserve Bank of India (RBI) governor Shaktikanta Das said in an interview with television channel ET Now on Wednesday. India's economy grew at 8.4%, its fastest pace in 18 months, in the final three months of 2023, led by strong manufacturing and construction activity. Following this data, the government revised its growth estimate for the 2024 fiscal year to March 31 t...
India`s annual GDP growth could be `very close` to 8%, says RBI chief
India`s annual GDP growth could be `very close` to 8%, says RBI chief
Source: Reuters
2024-03-07 09:14:51 am
Higher-than-expected GDP may lead to tight monetary policy from RBI for a longer period The higher-than-expected momentum in the economy may lead to a tight monetary policy from the RBI for a longer period, and any reversal in the current stance is unlikely over the next six months, said Suman Chowdhury, Chief Economist and Head of Research at Acuite Ratings. The second advance estimates of GDP for FY24 released by the National Statistics Office (NSO) has indeed sprung a major surprise in the markets. The GDP growth for Q3FY24 is pegged sharply higher at 8.4 per cent, as comp...
Higher-than-expected GDP may lead to tight monetary policy from RBI for a longer period
Higher-than-expected GDP may lead to tight monetary policy from RBI for a longer period
Source: IANS
2024-03-01 09:48:18 am
Premature move on monetary policy front could undermine efforts to check inflation: Shaktikanta Das The Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the RBI's job to bring down inflation is not over, and any premature move on the policy front could undermine the success achieved so far on the price situation.  RBI's rate setting panel, Monetary Policy Committee (MPC), had met for three days from February 6-8, 2024. The panel decided to leave the key policy rate unchanged at 6.5 per cent for the sixth time in row. It is almost a year now that the repo ra...
Premature move on monetary policy front could undermine efforts to check inflation: Shaktikanta Das
Premature move on monetary policy front could undermine efforts to check inflation: Shaktikanta Das
Source: Accord Fintech
2024-02-23 12:01:34 pm
Majority on India`s rate panel believe current policy appropriate, minutes show India's current monetary policy is appropriate with growth holding firm and inflation trending down to the target, Reserve Bank of India Governor Shaktikanta Das said in the minutes of the February monetary policy meeting, released on Thursday. "At this juncture, monetary policy must remain vigilant and not assume that our job on the inflation front is over," said Das. The six-member Monetary Policy Committee (MPC), comprising three RBI and three external members, left the...
Majority on India`s rate panel believe current policy appropriate, minutes show
Majority on India`s rate panel believe current policy appropriate, minutes show
Source: Reuters
2024-02-23 09:00:31 am
Lower government borrowings will result in easing inflation and bolstering growth: Shaktikanta Das Reserve Bank Governor Shaktikanta Das has said that lower government borrowings than the market estimates will free more capital for the private sector resulting in easing of inflation and bolstering growth. He noted that this year's borrowing is lower than what initially the markets had expected. Lower quantum of borrowing means it would ensure that much more resources will be available in the banking system to meet the requirements of the private sector. Observing that the quantum of...
Lower government borrowings will result in easing inflation and bolstering growth: Shaktikanta Das
Lower government borrowings will result in easing inflation and bolstering growth: Shaktikanta Das
Source: Accord Fintech
2024-02-13 10:58:16 am
Markets look tired, weakness to continue; best to stick to large cap route  It was an extremely volatile week in which one saw intraday gains being wiped out as well as opening losses being more than recovered. At the end of it all, markets gained on two of the five trading sessions and lost on three. BSESENSEX was down 490.14 points or 0.68 per cent to close at 71,595.49 points; NIFTY lost 71.30 points or 0.33 per cent to close at 21,782.50 points. The broader markets saw BSE100, BSE200 and BSE500 gain 0.22 per cent, 0.34 per cent and 0.22 per cent respecti...
Markets look tired, weakness to continue; best to stick to large cap route
Markets look tired, weakness to continue; best to stick to large cap route
Source: IANS
2024-02-11 04:02:38 pm
Economics - Monetary Policy Review: stays the course by Elara Capital Key takeaways: Despite no change in rates and stance, the Governor’s statement reiterated its commitment to 4.0% inflation mandate. With FY25 growth projection at 7.0% and inflation at 4.5%, the Monetary Policy Committee (MPC) has space to hold policy rates steady in the near term. Amid the delay in commencement as well as downward revision to the quantum of the US Fed rate cut, we do not see MPC easing the policy repo rate before the Fed. We expect the MPC to change its stance to neutr...
Economics - Monetary Policy Review: stays the course by Elara Capital
Economics - Monetary Policy Review: stays the course by Elara Capital
Source: Elara Capital
2024-02-09 10:53:22 am
RBI Policy Views Shaktikanta, Sitharaman, Amrit Kaal and Modinomics A Blueprint for India's Economic Future by Dr. Vikas Gupta, OmniScience Capital Below the RBI Policy Views By Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital   Harmonizing Shaktikanta, Sitharaman, Amrit Kaal, and Modinomics: A Blueprint for India's Economic Future The recent Reserve Bank of India (RBI) policy announcement has underscored the nation's robust economic growth alongside fluctuations in inflationary pressures, particularly driven by food inflation. This article delves into the nuanced interplay bet...
RBI Policy Views Shaktikanta, Sitharaman, Amrit Kaal and Modinomics A Blueprint for India's Economic Future by Dr. Vikas Gupta, OmniScience Capital
RBI Policy Views Shaktikanta, Sitharaman, Amrit Kaal and Modinomics A Blueprint for India's Economic Future by Dr. Vikas Gupta, OmniScience Capital
Source: OmniScience Capital
2024-02-09 10:29:58 am
RBI Monetary Policy by SBI Capital Markets (SBICAPS) . Executive Summary The RBI has navigated the hard times ably, steering the economy through the roughs of the pandemic and continued volatility over the past 4 years. The question now arises is that whether this oasis of sound growth and declining inflation can be durably sustained through monetary policy. The RBI’s answer to this has been to stay focused on the risks, resisting from reveling in the exuberance, nimbly balancing inflation-targeting, currency stability, systemic risk, an...
RBI Monetary Policy by SBI Capital Markets (SBICAPS) .
RBI Monetary Policy by SBI Capital Markets (SBICAPS) .
Source: PR Agency
2024-02-09 09:55:01 am
Economy Monetary Policy: RBI Policy: Staying the course by Kotak Institutional Equities The RBI, as expected, kept the repo rate and stance unchanged. The MPC’s focus remained on achieving the inflation target of 4% while growth continues to provide comfort. We expect the RBI to continue to focus on fine-tuning liquidity conditions through VRR/VRRR auctions to gradually anchor overnight rates around the repo rate. We continue to expect the RBI MPC to change its stance to neutral toward end-1QFY25, which is likely to be followed by a shallow rate cut cycle from 3QFY25 St...
Economy Monetary Policy: RBI Policy: Staying the course by Kotak Institutional Equities
Economy Monetary Policy: RBI Policy: Staying the course by Kotak Institutional Equities
Source: Kotak Institutional Equities
2024-02-09 09:24:36 am
Changes to India`s Standing Deposit Facility Rate since April 2022  The Reserve Bank of India left its key rate unchanged in a sixth straight meeting on Thursday, in line with expectations, as inflation remained above the central bank's 4% medium-term target, while economic growth continued to be resilient. The monetary policy committee kept the key lending rate, or repo rate, unchanged at 6.50%. The standing deposit facility rate and the marginal standing facility rate also remained unchanged. For a timeline of changes to the repo rate, cl...
Changes to India`s Standing Deposit Facility Rate since April 2022
Changes to India`s Standing Deposit Facility Rate since April 2022
Source: Reuters
2024-02-08 12:34:10 pm
Sensex tanks more than 600 points after RBI credit policy BSE Sensex tanked more than 600 points after RBI announcement of credit policy with banks leading the fall. Sensex was trading at 71,523.08 points down by a massive 628.92 points or 0.87 per cent. Axis Bank, ICICI Bank, Nestle are down more than 2 per cent. The private banks index is down more than 1.5 per cent. Au Bank is down 2 per cent, Kotak Mahindra Bank is down 2 per cent. FMCG stocks are down with the index falling 1.2 per cent. Tata Consumer is down 2 per cent, Britannia is d...
Sensex tanks more than 600 points after RBI credit policy
Sensex tanks more than 600 points after RBI credit policy
Source: IANS
2024-02-08 12:01:53 pm