Wed, Oct 09, 2024
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.
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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.
In its second bi-monthly MPC meeting, the RBI delivered policy rate decisions largely in line, while making it clear that policy rate decisions will largely be inward-oriented i.e RBI's actions will primarily driven by domestic conditions.
Thu, Apr 06, 2023
RBI MPC Meeting: The Reserve Bank of India’s (RBI) monetary policy committee is expected to announce another rate hike of 25 basis points with a likely ‘neutral’ stance. The central bank began its three-day meeting on April 3 and all set to declare the policy verdict at around 10:00 AM today.
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex extended gains to the fifth session in a row on Thursday, April 6, as the RBI's decision to hold the key lending rate at the exiting 6.5 per cent surprised Dalal Street. RBI Governor Shaktikanta Das maintained the policy stance at ' withdrawal of accommodation' but warned of more hikes to tame inflation, as he reiterated the MPC's commitment to tame red-hot inflation. Catch HIGHLIGHTS of all the action in the Indian share market on Zeebiz.com's blog. Follow this space for market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations.
Wed, Apr 05, 2023
Ahead of the monetary policy verdict tomorrow, here’s how the rate-sensitive sectors have fared since the last policy in February 2023. The bi-monthly April meeting would be the first of the new financial year.
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.
Mon, Apr 03, 2023
RBI MPC meeting April 2023: Reserve Bank of India (RBI) Governor Shaktikanta Das-led Monetary Policy Committee — the central bank's all-powerful panel that decides the benchmark interest rates in the country — on April 6 announced a surprise status quo on the repo rate, leading to an intraday recovery on Dalal Street. Repo rate is the benchmark rate of interest at which the RBI lends money to commercial banks — this is the very rate that determines the EMI you pay for any of your loans. Follow this space to know all about the RBI MPC's second bi-monthly review of 2023, minute-by-minute updates, the views of Zee Business Managing Editor Anil Singhvi and other experts, realtime analysis and much more, only on Zeebiz.com's LIVE blog.
Wed, Feb 22, 2023
RBI February 2023 Meeting Minutes: RBI Governor Shaktikanta Das-led Monetary Policy Committee, the interest rate-setting panel of the central bank, released minutes of its first review of 2023 on Wednesday, February 22. The minutes come just ahead of the release of an official quarterly GDP reading scheduled for February 24.
Wed, Feb 08, 2023
RBI Governor Shaktikanta Das announced in bi-monthly monetary policy meeting that RBI will be extending UPI facilities to inbound travelers for merchant payments, starting with G20 countries.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50%.
RBI Governor made a big announcement for the interests of the customers. RBI Governor Shaktikanta Das said that a new rule may come for transparency in the penalty charge on the loan. RBI can make a rule, so that people can know how much transparency is there in the penalty charge. Know full details from Kushal Gupta.
Mon, Feb 06, 2023
With retail inflation showing signs of softening and the US Fed moderating the pace of increase in its benchmark interest rate, the Reserve Bank is likely to settle for a smaller 25 bps repo rate hike in its forthcoming bi-monthly monetary policy on February 8.
RBI MPC Meeting Date 2023: Since May last year, the Reserve Bank has increased the short-term lending rate by 225 basis points to contain inflation, mostly driven by external factors, especially global supply chain disruption following the Russia-Ukraine war outbreak.
Wed, Dec 07, 2022
The central bank governor Shaktikanta Das, while announcing the monetary policy decision today, has approved UPI (Unified Payment Interface) system for ASBA for secondary markets.
With the continuous attempt of policy tightening, the overall interest rates, or the tenor on which the consumers have taken loans are scheduled to rise.
The indices were down over 1 per cent on the intraday basis and were trading at 457.25 and 3,644.43 respectively.
The central bank has kept the headline inflation forecast unchanged at 6.7 per cent despite a minor upward revision to Q3FY23 and Q4FY23 forecasts.
Immediately after the rate hike announcement by RBI Governor Shaktikanta Das, Nifty Bank and Nifty Financial Services surged by around 0.3 and 0.15 per cent in the early morning trade.
RBI MPC Meeting Outcome: The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
RBI MPC Meeting: Since the first unscheduled mid-meeting hike in May earlier this year, the cumulative increase in interest rate now stands at 225 basis points
Mon, Dec 05, 2022
The Reserve Bank of India (RBI) will begin its monetary policy committee meeting today (December 5), which will last till Wednesday (December 7). RBI Governor Shaktikanta Das is expected to announce the final rate hike of 2022 to curb inflation.
RBI MPC Meeting: "We expect a 35 bps rate hike in the upcoming meeting. The Consumer Price Index (CPI) inflation is likely to moderate further in the coming months and slip below six per cent by the end of the fiscal year," Rajani Sinha, Chief Economist, CARE Ratings told IANS.
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