Thu, Aug 08, 2024
RBI MPC August 2024 Review, Rate Decision HIGHLIGHTS: RBI Governor Shaktikanta Das announced a status quo on the repo rate as well as the policy stance at the end of a bi-monthly review on August 8. Catch highlights here.
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The apex bank RBI continued with its policy rate at 6.5 per cent.
Fri, Jun 07, 2024
The RBI has decided to raise GDP forecast for FY25 to 7.2 per cent from its earlier forecast of 7 per cent, while the central bank has maintained FY25 consumer inflation forecast at 4.5 per cent.
Wed, Jun 05, 2024
The central bank last hiked the repo rate to 6.5 per cent, in February 2023 and since then it has held the rate at the same level in the previous seven bi-monthly policies. If RBI decides to keep interest rates untouched again on June 7, it would be the eighth time for the central bank to maintain the status quo on the benchmark repo rate.
Fri, Apr 05, 2024
The RBI Governor says that real GDP growth for FY25 is expected to be at 7 per cent. The GDP growth is expected to be 7.1 per cent in Q1, 6.9 per cent in Q2, and 7.0 per cent in Q3 and Q4 each, said Das after the MPC meeting. Das said that CPI inflation in FY25 is expected to stay at 4.5 per cent. CPI inflation in April–June 2024 (FY25 Q1) is expected to fall to 4.9 per cent from the earlier estimate of 5.0 per cent.
Thu, Apr 04, 2024
As the country awaits the outcome of the RBI governor-led Monetary Policy Committee’s first bi-monthly review of FY25, SBI Caps expects the "first rate cut to be not before Aug’24".
RBI MPC Meeting Outcome: The Reserve Bank of India's bi-monthly Monetary Policy Committee (MPC) meeting for FY25 began on April 3, and the outcome of this meeting will be announced on Friday, April 5. Here are the details of when, where, and how to watch RBI Governor Shaktikanta Das' monetary policy meeting outcome statement live:
Tue, Apr 02, 2024
Thus, temporary liquidity injections should replace temporary liquidity withdrawals, and hence, OMO cannot be a tool to counterbalance idiosyncrasies in government cash balances; only VRRR can replace them, according to the report.
Wed, Mar 27, 2024
RBI MPC meeting schedule 2024-25: The Reserve Bank of India (RBI) has announced the dates of six upcoming monetary policy meetings of the next financial year, which begins on April 1, 2024. The central bank conducts six scheduled reviews every year, one each in April, June, August, October, December, and February. Besides, it also conducts out-of-cycle reviews to address sudden changes in economic conditions that warrant urgent monetary policy action.
Thu, Feb 08, 2024
RBI Governor Shaktikanta Das, while announcing the monetary policy on February 8, made a key announcement concerning borrowers and lenders that would improve disclosures and enhanced transparency.
This was the first MPC meeting after the interim Budget 2024. Das stated that, taking economic conditions into account, the MPC predicts a GDP growth rate of 7 per cent in FY25.
RBI monetary Policy: The statement read that currently, the loans and advances availed by borrowers, apart from including the rate of interest, also include other charges such as processing fees, documentation charges, etc.
RBI MPC February 2024 meet: In the last rate-setting meeting of fiscal 2023–24, the committee also decided to maintain the "withdrawal of accommodation" stance.
Wed, Feb 07, 2024
With the continuing impact of El Nino on the agriculture sector, there is an upside risk to food inflation, which can keep the overall CPI inflation near 6 per cent over the next six months.
Fri, Dec 08, 2023
For the banking sector, the RBI, in its monetary policy outcome on Friday, December 8, decided to take on the path of reversal of liquidity facilities under both SDF and MSF even during weekends and holidays, with effect from December 30, 2023.
Mon, Dec 04, 2023
The Indian economy has been running full steam ahead, as various high-frequency data such as GST collection, IIP data, Core Sector Data, PMI etc., all are near multi-year highs which firmly proves that despite the turmoil in the global macroeconomic environment, the growth story of India is on track to drive the global economy.
Fri, Oct 06, 2023
The RBI’s six-member MPC unanimously maintained status quo on the repo rate at 6.5 per cent for the fourth straight meet.
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%.
RBI MPC Policy meet: The Nifty Bank was down half a per cent at 44,652.7. Barring IndusInd Bank, all the bank stocks were trading lower between 0.41 per cent to 1.39 per cent.
Sun, Aug 06, 2023
Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, analysts added.
Thu, Jun 08, 2023
The RBI Governor reiterated the RBI’s medium-term target of four per cent for headline inflation, stating that consumer prices appear to be easing but remain above the central bank’s goal.
Announcing the bi-monthly monetary policy, The Reserve Bank of India (RBI) Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the rate unchanged at 6.5 per cent.
Gold price today (June 8, 2023): MCX gold futures (Aug 4) traded flat at Rs 59,505 per 10 grams. Here's what analyst suggest.
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