Wed, Oct 09, 2024
For the 10th consecutive time, there was no change in India's repo rate as the Reserve Bank of India (RBI) Governor Shaktikanta Das-led Monetary Policy Meeting (MPC) on Wednesday (October 9, 2024) maintained it at 6.50 per cent. The big change came in the face of the Central Bank changing the policy stance to 'netral' from 'withdrawal of accommodation'. On the other hand, there were no changes in the GDP forecast and Consumer Price Index (CPI) inflation estimates for FY25. In his address on Wednesday, Das said, "The MPC considered it appropriate to change the stance to neutral and remain unambiguously focused on bringing inflation to target durably.
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Key Takeaways from RBI MPC Meeting: Reserve Bank of India governor Shaktikanta Das kept the repo rate unchanged at 6.50 per cent for the 10th consecutive time. The monetary policy committee (MPC) announced a change in the policy stance to 'neutral'. There was no change in GDP forecast and CPI inflation estimates for FY25.
Thu, Sep 12, 2024
While the urban inflation slipped from 3.03 per cent to 3.14 per cent, the rural inflation rate also slid from 4.10 per cent to 4.16% month-on-month (MoM). Combined CPI inflation in August was 3.65 per cent compared with 3.60 per cent MoM.
Mon, Sep 05, 2022
Reserve Bank Governor Shaktikanta Das on Monday said despite the latest headwinds arising from the Jackson Hole summit leading to extreme volatility, our banking system and financial markets are strong enough to withstand such pressures.
Tue, Aug 23, 2022
On the growth front, all members agreed that India's economic recovery has remained broadly resilient despite the slowdown in the global growth scenario.
Fri, Aug 19, 2022
The Reserve Bank has increased the benchmark lending rate (repo) in three quick successions by 140 basis points to tame inflation, which remains above its tolerance level for the seventh month in a row.
Mon, Aug 08, 2022
India is a "strategic emerging market" for Brown-Forman, where it is strengthening its presence in tier II cities.
Sun, Aug 07, 2022
The South Asian country`s $416 billion economy has been one of the fastest-growing in the world for years.
Thu, Jul 21, 2022
The Bank of England (BoE) expected inflation to rise above 11 per cent in October.
Wed, Jun 29, 2022
The Swiss franc rose on Wednesday to its highest level against the euro in four months as rising recession fear in the euro zone led investors to seek safe haven assets like the Swiss currency.
Wed, Jun 08, 2022
Real GDP growth for the year has been retained at 7.2%. MPC noted that inflation is likely to remain elevated for the first three quarters of the current financial year, seeing inflation fot the year at 6.7%.
Wed, Apr 13, 2022
As per government data released on Tuesday, consumer price-based inflation (CPI) zoomed to 6.95 per cent in March, mainly on account of costlier food items. The CPI was 6.07 per cent in February.
Sat, Mar 12, 2022
The markets this week witnessed a decent recovery amid volatility, surging over 2 per cent, taking a breather after 4 weeks of slide. The beginning was downbeat, tracking news of war between Russia-Ukraine intensifying, which pushed crude to the $130 per barrel mark.
Thu, Feb 10, 2022
CPI inflation is expected to peak in Q4 of FY22 but is expected to say with the tolerance band of 4+/-2 per cent, RBI Governor Shaktikanta Das today said while delivering his Monetary Policy announcements
Mon, Jan 31, 2022
Supply-side management kept prices of most essential commodities under control during the year, the Economic Survey 2022 noted. The retail inflation, as measured by CPI-C moderated to 5.2% in 2021-22 (April-December) from 6.6% in corresponding period of 2020-21, the Economic Survey 2021-22 says
Wed, Oct 06, 2021
Reserve Bank of India’s Monetary Policy Committee (MPC) started its three-day deliberations on the next bi-monthly monetary policy on Wednesday amid rising global commodity prices and the need to contain inflation at home.
Sat, Jul 17, 2021
According to MOFSL research, the peak out trend might provide some relief to market participants, especially in the bond segment.
Thu, Sep 12, 2019
The Consumer Price Index (CPI) in August, however, was lower than the corresponding month of the last year when retail inflation stood at 3.69 per cent.
Fri, Sep 06, 2019
India`s retail inflation rate eased slightly in July, staying below the central bank`s 4% medium-term target for a 12th straight month, strengthening views that there will be a policy rate cut in October.
Mon, Aug 12, 2019
Retail inflation data is announced during 12th of every month usually, however, on Monday, there it was not done on account of a public holiday, Eid-al-Adha or Baqreid, being celebrated across India.
Wed, Jun 12, 2019
The consumer price index based retail inflation for April was revised marginally upwards to 2.99 per cent from the earlier estimate of 2.92 per cent, data released by the CSO showed.
Tue, Jun 11, 2019
The bond markets have cheered the RBI monetary policy meeting decision with the 10-year yield dropping by about 10 bps to 6.90 per cent.
Sun, Jun 09, 2019
Stormy weather awaits India`s key equity indices, as volatility is bound to flare-up on concerns regarding a delayed Monsoon and upcoming macro-economic data points on industrial production and inflation.
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