monetary policy

RBI's policy on expected lines, signal softening of rate hike intensity: Experts

The Reserve Bank on Wednesday also lowered the country's GDP growth forecast to 6.8 per cent for the current fiscal from 7 per cent earlier.

published on : 7th December 2022

For RBI the battle is still against the big I, will keep an 'Arjuna's eye on inflation'

For fiscal year FY23, headline inflation is pegged at 6.7 per cent, with Q3 and Q4 estimates set at 6.6 per cent and 5.9 per cent respectively.

published on : 7th December 2022

RBI hikes benchmark lending rate by 35 basis points to 6.25 per cent

This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September.

published on : 7th December 2022

Sensex, Nifty start on choppy note; IT stocks decline

The Reserve Bank is slated to announce the bi-monthly monetary policy later in the day.

published on : 7th December 2022

RBI may halt rate hike cycle after December policy: SBI

The bank believes the Monetary Policy Committee (MPC) of the RBI will increase the repo rate by 35 basis points on 7 December 2022 taking the repo rate to 6.25%.

published on : 5th December 2022

Experts say Monetary Policy Committee may hike repo rate by 35 bps

The RBI has increased the Repo rate four times since May this year by 190 basis points.

published on : 5th December 2022

Banks increase lending rates by 190 bps in tandem with RBI's repo rate hike

Further, banks have also increased their 1-year median marginal cost of funds-based lending rate (MCLR) by 85 bps from May to October 2022.

published on : 20th November 2022

RBI panel meets to draft report for missing inflation target; no rate action

The RBI Act requires the central bank's MPC to report to the government reasons for failure to meet the retail inflation target and measures to bring it at 4 per cent with a margin of 2 per cent on ei

published on : 3rd November 2022

Missed inflation target, but acting early would have exerted heavy costs: RBI Das

Amid the charged-up debate on rupee depreciation, Das asked everybody not to look at the situation in an emotional manner, asserting that the domestic currency has behaved in an orderly way.

published on : 2nd November 2022

Need to get inflation target rates right

The RBI’s inflation mandate was deemed a gentlemen’s agreement and never meant to be broken.

published on : 31st October 2022

For first time, RBI's rate-setting panel to discuss inflation report this week

The central bank has called a special meeting of the Monetary Policy Committee (MPC) on November 3, to prepare its report on missing inflation targets to the government.

published on : 30th October 2022

RBI calls for additional monetary policy meet to discuss inflation mandate

Reportedly, this section of the RBI Act pertains to steps to be taken if the central bank fails to meet its inflation-targeting mandate.

published on : 28th October 2022

High inflation rate mainly a consequence of exogenous price shocks: RBI MPC member

As per the mandate given to the RBI by the Union government, the central bank is required to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

published on : 28th October 2022

Rate hike buzz as RBI calls unscheduled MPC meeting

Coming close on the heels of the US Federal Reserve’s policy review, market watchers believe the MPC too may raise rates, though the chances appear slim.

published on : 28th October 2022

RBI to hold special MPC meet on November 3 on preparing inflation report 

The inflation has remained above the upper tolerance limit of 6 per cent for nine straight months or three quarters.

published on : 27th October 2022

Demonetisation behind the buoyancy in tax collections, says RBI MPC member

The tax department on October 9 said that the gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year to Rs 8.98 lakh crore.

published on : 24th October 2022

RBI panel favours rate hike to tame inflation

The RBI on 30 September 2022 announced 50 bps hike in repo rate, the short-term rate at which RBI lends to banks.

published on : 15th October 2022

RBI to tell govt why it failed to check inflation since Jan

As per the mandate given to the Reserve Bank by the Union Government, the central bank is required to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

published on : 12th October 2022

Rupee rises 24 paise to 81.49 against US dollar

At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar, then touched 81.49, registering a gain of 24 paise over its previous close.

published on : 30th September 2022

Tightening US monetary policy - a source of volatility for Indian stocks: Morgan Stanley

"The draining of foreign exchange reserves to curb currency volatility could be of greater significance if the BoP comes under more pressure," Morgan Stanley said.

published on : 29th September 2022
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