Fri, Dec 08, 2023
RBI Monetary Policy HIGHLIGHTS, RBI MPC Meet Dec 2023, Repo Rate: RBI Governor Shaktikanta Das announced a status quo on the repo rate, as widely expected, in the MPC's last scheduled policy review of 2023. Catch all the highlights here.
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Tue, Oct 24, 2023
India's inflation breached the rate-setting panel's 6 per cent upper tolerance limit in five of the last 12 months, but stayed between 4 per cent and 6 per cent in the other seven, including easing to 5 per cent in September after two months of food cost-driven spikes.
Tue, Oct 03, 2023
Consumer inflation—gauged by the Consumer Price Index (CPI)—has stayed beyond the upper end of a medium-term target range for a second straight month.
Sun, Aug 27, 2023
The government's supportive policies also include legislative initiatives such as the implementation of the goods and services tax (GST), which has decreased market fragmentation and hence increased price discovery for a variety of items.
Thu, Aug 24, 2023
MPC to closely monitor the factors impacting inflation and take necessary action, although it expects the recent spike in food prices to be short-lived, minutes of the latest MPC meeting showed.
Thu, Aug 10, 2023
RBI MPC MEET OUTCOME: The MPC members unanimously decided to maintain the status quo on the repo rate, Governor Shaktikanta Das said in his policy speech on August 10. The Reserve Bank of India (RBI) has made an upward revision to its inflation forecast for 2023-24, raising it by 30 bps to 5.4%.
Sun, Aug 06, 2023
The borrowing cost, which started rising in May last year, has stabilised with the RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent.
Thu, Jun 08, 2023
The MPC forecast was 5.1 per cent for 2023-24 taking into account the rabi crop harvest/monsoon projections and favourable near-term inflation trend.
RBI MPC meeting outcome: The Reserve Bank on Thursday retained the GDP growth projection for current fiscal year at 6.5 per cent, on the back of supportive domestic demand conditions.
Wed, Apr 05, 2023
According to him, the rate hike might slow down home-buying decisions for the short to medium term. Another hike will lead to even higher borrowing costs for developers too.
Tue, Apr 04, 2023
The Reserve Bank of India (RBI) is expected to hike the benchmark interest rate by 25 basis points in the bi-monthly monetary policy to be announced on April 6, under pressure to bring down retail inflation and keep pace with global peers.
Thu, Mar 16, 2023
Global crude oil prices hit a 15-month low on Wednesday and are below $75
Thu, Feb 23, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 swung between gains and losses amid volatile trade on Thursday, the last session of the February F&O series. Typically, the last session of a monthly series is marked with volatility as traders rush to square off their open positions. The Indian share market received mixed signals from global markets, mirroring the handover from Wall Street after the release of FOMC minutes of its last policy review. Back home, minutes of the RBI's first review of 2023, released on Wednesday, revealed an overall hawkish tone of policymakers.
Tue, Feb 07, 2023
The RBI is likely to announce a hike of 25 basis points in the repo rate — the benchmark interest rate at which it lends money to commercial banks — to 6.5 per cent, according to a poll of economists by Zee Business. Economists believe the central bank may pause rates for some time after the February 8 action.
Fri, Nov 04, 2022
LIVE: RBI MPC Meeting Outcome November 2022: The rate setting panel of Reserve Bank of India (RBI) met on Thursday to discuss and draft a report for the government on why it failed to keep retail inflation below the target of 6 per cent for three consecutive quarters since January this year. The meeting was chaired by RBI Governor Shaktikanta Das and attended by all MPC members -- Michael Debabrata Patra, Rajiv Ranjan, Shashanka Bhide, Ashima Goyal and Jayanth R Varma. Here are all the LIVE UPDATES, Latest News of RBI MPC Meeting Outcome 3rd November 2022:-
Mon, Sep 26, 2022
The RBI Governor-headed Monetary Policy Committee (MPC) is scheduled to start its three-day deliberations on Wednesday. The decision of the rate-setting panel would be announced on Friday (September 30).
Thu, Jul 28, 2022
A hike of such a quantum will take the repo rate beyond the 5.15 percent level, at which the RBI had begun the ultra-accommodative measures in the face of the COVID-19 pandemic, Axis Bank chief economist Saugata Bhattacharya told reporters.
Thu, Jul 21, 2022
RBI said,"Due to administrative exigencies, it has been decided to reschedule the MPC meeting from August 2-4, 2022 to August 3-5, 2022."
Wed, Dec 08, 2021
It kept the GDP growth projections unchanged at 9.5 per cent for the current fiscal and retained the inflation forecast of 5.3 per cent for the full year.
RBI Governor Shaktikanta Das while addressing on review by Monetary Policy Committee, made an important announcement on "Increase in UPI Transaction Limit for Specified Categories."
Mon, Dec 06, 2021
The Reserve Bank of India (RBI) has started the three-day Monetary Policy Committee meeting starting today.
Fri, Oct 08, 2021
The six-member Monetary Policy Committee (MPC) on Friday left the repo rate unchanged at four per cent.
Fri, Oct 09, 2020
In a major development the Reserve Bank of India (RBI) today announced its decision to rationalise the risk weights and link them to the loan-to-value (LTV) ratios for all new housing loans sanctioned up to March 31, 2022. The declaration was made by Governor Shaktikanta Das during his speech on the bimonthly Monetary Policy Committee (MPC) announcement
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