RBI monetary policy highlights: Last mile of disinflation is always challenging, sticky, says Governor Das

RBI MPC highlights: Catch all the highlights related to RBI's Monetary Policy Committee announcements here

12:24 PM

Not much concern on wheat availability, says Governor Das on IMD projection of high temperature in April-June

Vegetable prices will have to be watched, not much concern on wheat availability, RBI Governor Das said today on IMD projection of high temperature in April-June.

12:20 PM

Last mile of disinflation is always challenging, sticky, says RBI governor

Last mile of disinflation is always challenging, sticky, says RBI Governor Shaktikanta Das. He also said that building forex reserves adds to the strength of the national balance sheet.

12:15 PM

RBI MPC LIVE Updates: Vegetable prices need to be watched, says RBI governor

Heatwave is not of much worry, but vegetable prices need to be watched, RBI governor Das said today.

12:13 PM

RBI MPC post-policy press conference: The elephant is moving slowly, says RBI Governor Das

The last mile of disinflation is always sticky. We want to align with our inflation target on a durable basis, Governor Das said referring to his "elephant" comment on CPI.

11:42 AM

RBI MPC: Significant announcements made by Governor Shaktikanta Das

While projecting a positive growth outlook for FY25 amid improving global indicators and growing domestic demand, RBI Governor Shaktikanta Das highlighted that high food inflation needs to be closely monitored. Click here for a detailed report on the major announcements made by Governor Shaktikanta Das.

11:38 AM

RBI to review liquidity coverage ratio framework: Governor Shaktikanta Das

Reserve Bank Governor Shaktikanta Das today announced a review of the liquidity coverage ratio for banks to ensure smooth functioning even in events of acute stress. This warrants a revisiting of the assumptions made under the liquidity coverage ratio framework, Das said, adding that it is only in events of "acute stress" that such a framework would be helpful.

11:36 AM

Stocks trade flat as realty stocks counter weak IT on RBI rates pause

Shares were flat today, paring earlier losses as real estate stocks were strengthened from RBI's pause on rates, whereas IT stocks dropped amid uncertainty around US interest rate cuts.

11:14 AM

Impact of reduction in fuel prices on inflation will deepen in coming months: RBI Governor Das

Reserve Bank Governor Shaktikanta Das  underscored the need to remain vigilant on food prices, given the forecast of higher temperatures between April-June. Das also stated that the impact of reduction in fuel prices on inflation will deepen in the coming months. The RBI today retained inflation projection at 4.5 per cent for the current financial year, lower than 5.4 per cent in the last fiscal.

11:01 AM

Strong growth momentum could limit rate cut in easing cycle: Chief economist, India Ratings

 

"We expect monetary easing either through rate cut or change in stance to begin from October 2024. The strong growth momentum may limit rate cut in easing cycle to 50 to 75 basis points," Devendra Kumar Pant, chief economist, India Ratings 

10:55 AM

Uncertainty on food inflation remains a worry: Chief economist, Kotak Mahindra Bank

"The Monetary Policy Committee (MPC) on expected lines maintained status quo on rates and stance. While low core inflation provides comfort, the uncertainty on food inflation remains a worry.Further, the higher U.S. yields, higher oil prices and other commodities along with possible delay in Fed's rate easing cycle will keep the MPC wary," Upasna Bhardwaj, chief economist, Kotak Mahindra Bank, said today.

10:38 AM

RBI MPC Live updates: Forex reserves at all-time high, says RBI Governor Shaktikanta Das

India’s forex reserves at $645.6 billion as of March 29, RBI Governor Das said today.

10:34 AM

Growth momentum along with GDP forecast for FY25 will give space to focus on price stability: RBI governor

The strong growth momentum together with GDP forecast for FY25 give us policy space to unwaveringly focus on price stability, RBI Governor Shaktikanta Das said tody.

10:31 AM

RBI retains inflation forecast at 4.5%, says RBI governor

RBI retains inflation forecast at 4.5 per cent with risk evenly balanced assuming normal monsoon for current fiscal, Governor Das said today.

10:28 AM

Second advance estimates placed the real GDP growth at 7.6% for 2023-24: RBI governor

"India presents a different picture on account of its fiscal consolidation and faster GDP growth. Turning to domestic growth, domestic economic activity continues to expand at an accelerated pace, supported by fixed investment and an improving global environment. The second advance estimates placed the real GDP growth at 7.6% for 2023-24, the third successive year of 7% or higher growth," RBI Governor Shaktikanta Das said today.

10:23 AM

RBI MPC update: India's GDP growth for FY25 projected at 7%, says Das

India's GDP growth for FY25 projected at 7 per cent, RBI Governor Shaktikanta Das said today.