RBI MPC Meeting

Nomura economists have suggested that they expect a 25 bps rate cut in February, marking a belated policy pivot, and 100 bps in total cuts in this easing cycle

Here's how leading brokerages have interpreted the development, and their expectations from Sanjay Malhotra as regards key rates and maintaining a balance between growth and inflation

Shaktikanta Das, set to demit office today, expressed gratitude to PM Modi and FM Sitharaman for their support during his tenure as RBI governor

Step will 'further deepen financial inclusion and enhance formal credit', says central bank

Since higher customs duties will result in the US suffering inflation, it's also possible the US Federal Reserve will review its stated policy of policy rate cuts

Monetary Policy Committee keeps repo rate unchanged at 6.50% for the eleventh consecutive review

RBI's decision will enable banks to have more funds to lend, they say

Markets Highlights: Broader markets outperformed the benchmarks indices on Friday after the RBI left key rates unchanged and announced a 50 bps cut in CRR, while lowering its GDP forecast

RBI Monetary Policy Meeting Dec 2024 Updates: Catch all the updates here

For those holding fixed deposits, this is an ideal time to lock in high interest rates, as rates may decline in the coming months

RBI Monetary Policy Committee answers queries on growth forecasts, liquidity, cash demand, and CRR adjustment

The Reserve Bank on Friday raised the inflation projection for current fiscal year to 4.8 per cent from 4.5 per cent with Governor Shaktikanta Das saying lingering food price pressures are likely to keep headline inflation elevated in the December quarter. Consumer price index (CPI)-based inflation increased sharply in September and October 2024 led by an unanticipated increase in food prices. Core inflation, though at subdued levels, also registered a pick-up in October. Fuel group remained in deflation for the 14th consecutive month in October. "In the near term, despite some softening, lingering food price pressures are likely to keep headline inflation elevated in Q3," Das said while unveiling the December 2024 monetary policy. RBI said CPI inflation for 2024-25 is projected at 4.8 per cent, with Q3 at 5.7 per cent; and Q4 at 4.5 per cent. CPI or retail inflation for Q1:2025-26 is projected at 4.6 per cent, and Q2 at 4 per cent. In the October policy, the central bank had ...

The move comes as the monetary authority has been using its foreign-exchange reserves to slow the pace of the drop in the rupee

RBI allows Small Finance Banks to offer pre-sanctioned credit lines via UPI, aiming to boost financial inclusion for underserved communities, including small businesses and micro-entrepreneurs

RBI MPC: Governor Shaktikanta Das dodges term question with a smile, focuses on policy

RBI maintains the status quo on repo rate but cuts CRR by 50 bps what does it mean for the markets? Experts decode

The Reserve Bank on Friday announced a raise in the interest rate caps on the diaspora's foreign currency deposits, in a move aimed at attracting more capital flows amid pressures on the rupee. Announcing the fifth bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said it has been decided to increase the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits as per tenors. It can be noted that the move comes at a time when rupee has been hitting lifetime lows against the dollar, and the Reserve Bank of India (RBI) seems to be deploying forex reserves to contain the volatilities, as seen in the sharp fall in the kitty over the last few weeks. Starting from Friday, banks have been now permitted to raise fresh FCNR (B) deposits of 1 year to less than 3 years maturity at rates not exceeding Overnight Alternative Reference Rate (ARR) plus 400 basis points, as against 250 basis points earlier. Similarly, deposits w

RBI governor Shaktikanta Das said that the CRR reduction will release Rs 1.16 trillion into the banking system, providing additional liquidity and enable banks to extend more loans

Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.