Wed, Oct 09, 2024
RBI Monetary Policy, October 9, 2024: Domestic growth has sustained its momentum, with private consumption and investment growing in tandem.
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Thu, Aug 08, 2024
RBI Monetary Policy: During the MPC today, RBI Governor Shaktikanta Das proposed a new initiative to reduce the cheque-clearing time from up to two days to a few hours.
Wed, Jun 19, 2024
In India, high-frequency indicators suggest the real GDP growth in Q1 FY2024-25 is broadly maintaining the pace it achieved in the preceding quarter.
Wed, Jun 05, 2019
RBI has cut repo rate by 50 basis points in past two monetary policies, taking down the indicator to 6% currently.
RBI rate cut will help in liquidity injection in the economy and help revive the currently stalled credit cycle, increase broad-based investments, give a fillip to consumption expenditure.
Thu, Apr 04, 2019
When repo rate is low, this should ideally mean low-cost loans in general. Every time RBI repo rate is cut, banks are expected to lower the interest rates they charge their home, auto, personal loan takers.
"Given the volatility in Inflation due to Oil prices, MPC has lowered targets by 40bps with keeping buffer rate cuts if the inflation goes lower." said Sameer Kalra
Nifty Bank gave away its 30,000-level and plunged to an intraday low of 29,911.90 moment RBI announcement was made. However, this beating from investors was short lived as the index reversed its losses with buying witnessed in both state-owned and private banks.
The RBI has cut the retail inflation for the first half of current fiscal, citing factors including lower food and fuel prices as well as expectation of a normal rainy season.
In his second monetary policy as RBI governor, Shaktikanta Das along with MPC team trimmed down policy repo rate to 6% from previous 6.25%.
In the first Bi-monthly Monetary Policy Statement 2019-20, RBI announced that "the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent."
In his second monetary policy, RBI Governor Shaktikanta Das has cut down policy repo rate by another 25 basis points. Not just that, he has also revised CPI inflation target and that has had an impact on the way 7th Pay Commission HRA was viewed till now.
This decision to cut RBI repo rate is in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth.
If RBI actually decides to cut repo rate in April policy, then that will be no surprise to experts, investors and markets.
Forex investors are keenly eyeing the Reserve Bank of India (RBI) governor Shaktikanta Das and his policy decision in the first bi-monthly monetary policy of FY20 which will be announced today.
head of the RBI policy on Wednesday, the banking stocks were among major losers as investors removed their money heavily.
Inflation has been under RBI's 4% target for the past 7 months and is expected to remain range bound for another quarter.
Majority of experts are believing that RBI will cut down policy repo rate by another 25 basis points in April monetary policy, as inflation indicator stays well within their target.
Thu, Feb 07, 2019
RBI in its February 2019 policy has announced measures in order to ensure flexible credit facility to well-rated NBFC.
Currently, the banks are mandated to extend collateral-free agriculture loans up to Rs 1 lakh. This limit of Rs 1 lakh was fixed in the year 2010.
Many believed a status quo in this RBI monetary policy for a host of reason including core inflation, fiscal slippages and more negative data.
The announcement will come as a big boost for the PM Narendra Modi led NDA government, which had long been asking for the RBI to cut the repo rate.
What RBI has done is that, now banks will give you interest rate for deposits made below Rs 2 crore and not Rs 1 crore as was applicable earlier.
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