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 06, 2018
The RBI’s 14-day variable rate term repo auction was fully subscribed on Tuesday for the first time in the current fiscal, which led the market to believe that the government may be raising money before the rates rose. The 14 day repo is a cash management bill which the government raises to meet temporary liquidity shortages.
Tue, Jun 05, 2018
RBI monetary policy meet: The rupee has dropped about 5 percent against the dollar this year and yields have spiked on government and corporate bonds. While those moves would argue for a rate increase, most economists aren’t convinced it will come on Wednesday.
The RBI had kept the repo rate unchanged at 6% in its last policy meet, but hinted that it may change its stance based on inflationary risks. RBI executive director Michael Patra was the only member of the six-member panel who voted for a rate hike of 25 bps. The central bank, which had projected a GDP growth of 7.4% for FY19 and inflation at 4.7-5.1% for the first half of this fiscal, will announce the outcome of the MPC meeting on June 6.
Mon, Jun 04, 2018
Higher borrowing costs risk slowing the recent recovery in demand for credit, which was led by retail and working capital loans, said Karthik Srinivasan, group head of financial sector ratings at ICRA Ltd., the local unit of Moody’s Investors Service. Moody’s cut India’s 2018 economic growth forecast last week, citing tighter financial conditions as a reason.
Emerging markets also face near-term risks from U.S. protectionism, according to NatWest Markets. China said Sunday that all commitments made so far in talks with the U.S. over trade will be withdrawn if President Donald Trump carries out his threat to impose tariffs. The U.S. last week opened a multi-front trade assault on allies and adversaries alike, imposing metal duties on the EU, Canada and Mexico.
Indian rupee was trading at 67.085, down by 0.150 points or 0.22% against US dollar.
RBI monetary policy: Indian economic expansion for the quarter ending March 2018 came in at 7.7%. Consumer inflation for the month of April came at 4.58% which is well above the RBI guidance of 4% over the medium term.
Fri, Apr 20, 2018
RBI Governor Urjit Patel said there are clear signs of revival in the manufacturing sector strengthening. His deputy Viral Acharya turned more hawkish, saying he is likely to shift decisively to vote for a beginning of “withdrawal of accommodation” in the next MPC meeting in June.
Sun, Apr 08, 2018
The central bank has repeatedly through public notices warned users, holders and traders in dealing of digital currencies including, due to the various risk associated in dealing with them.
Thu, Apr 05, 2018
Monetary Policy review 2018: There are about 1,548 cryptocurrencies currently open for trading, with Bitcoin dominating the market.
RBI Governor Urjit Patel along with six-member Monetary Policy Committee (MPC) decided to maintain status quo for the fourth time in a row.
RBI Monetary Policy 2018: Indian rupee was trading at 64.978 down by 0.040 or 0.06% against US dollar index.
RBI monetary policy review 2018: CPI inflation has eased down in the past two months of 2018. CPI which stood at 5.21% at 17-month high, recorded a growth rate of 5.07% in January 2018 and further to 4.44% in February 2018.
RBI monetary policy review 2018: Policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0%. RBI has been on a status quo since October as it believes that risk surrounding inflation has not filtered out from the data.
RBI kept policy repo rate unchanged at 6% since past three monetary policy meetings along with accommodative stance due to fear of higher inflation and macro-economic data.
Wed, Apr 04, 2018
RBI kept policy repo rate unchanged at 6% since past three monetary policy meetings along with accommodative stance due to fear of high inflation and macro-economic data.
The six-member Monetary Policy Committee including the RBI governor Urjit Patel held a meeting on Wednesday for discussing the policy, and on April 05 i.e is tomorrow, the resolution of the meet will be announced for all.
Thu, Feb 22, 2018
India`s benchmark 10-year bond yield rose as much as 11 bps in early trade to 7.82%
Tue, Jan 23, 2018
Finance Ministry remains firm on its borrowing and fiscal deficit targets for this financial year.
Wed, Dec 20, 2017
RBI Governor Urjit Patel flagged concerns over rising global oil prices and uncertainties on fiscal and external fronts in the meeting of Monetary Policy Committee (MPC) that left key policy rates unchanged earlier this month.
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