RBI MPC highlights: Inflation expected to remain elevated during September, October, says Das

RBI Monetary Policy Meeting October 2024 highlights: Catch all the latest news updates on RBI's monetary policy announcements here

11:22 AM

RBI holds repo rate: Home loan borrowers face longer wait for EMI relief

For homebuyers, the impact of this decision means that home loan interest rates are expected to remain steady, at least for the foreseeable future. Home loan borrowers will not see any immediate change in their EMIs, particularly at a crucial time like the festive season when demand for housing traditionally rises. Read here for more details.

11:15 AM

Expected inflation-growth balance created favourable conditions for change in stance, says Das

RBI Governor Das stated that the prevailing and expected inflation-growth balance has created favourable conditions for a change in monetary policy stance to neutral. "Even as there is greater confidence in navigating the last mile of disinflation, significant risks – I repeat, significant risks – to inflation from adverse weather events, escalating geopolitical conflicts, and the recent increase in certain commodity prices continue to pose challenges. The adverse impact of these risks cannot be underestimated," Das said. Read here for a more detailed story.

10:55 AM

CAD widens to 1.1% of GDP in Q1: RBI Governor

India's current account deficit (CAD) widened to 1.1 per cent of GDP in the first quarter. However, buoyancy in services exports and strong receipts are anticipated to keep the CAD manageable, Governor Shaktikanta Das said. Foreign direct investment (FDI) flows remain robust in the current financial year, Das added.

 

10:49 AM

Financial sector is healthy, resilient and stable: RBI Governor Das

Health parameters of Indian banks remain strong, RBI Governor Shaktikanta Das stated cautioning against built up of consumer loan, credit card outstanding. 

10:46 AM

RBI MPC Policy LIVE update: UPI limit hiked from Rs 5,000 to Rs 10,000

RBI Governor Shaktikanta Das stated that the transaction limit will be increased from Rs 5,000 to Rs 10,000  to promote broader adoption of the Unified Payments Interface (UPI).

10:42 AM

Some NBFCs pursuing growth without risk management: RBI Governor Das

“RBI closely monitoring situation and will not hesitate in taking appropriate action,” RBI Governor Das stated today.

10:39 AM

RBI MPC update: NBFCs should carefully evaluate their exposures, says RBI Governor Das

10:34 AM

RBI MPC LIVE update: Indian rupee has remained largely range-bound, says RBI Governor Das

10:32 AM

CPI print for September could see significant jump: RBI Governor Das

The CPI print for September is expected to experience a significant jump due to unfavorable base effects and rising food prices, RBI Governor Das said. Governor Das stated that the headline inflation trajectory would sequentially moderate in Q4.

10:25 AM

RBI MPC LIVE update: Sensex up 400 pts as RBI keeps key policy rate unchanged at 6.5%

10:24 AM

Domestic growth has sustained its momentum, downside risks persist, says RBI governor

Domestic growth has sustained its momentum, and the global economy has remained resilient since our last meeting, Governor Das said. "However, downside risks persist due to geopolitical conflicts, financial market volatility, and elevated public debt. On a positive note, world trade is showing signs of improvement," Das added.

10:19 AM

Food inflation pressures may ease due to favorable conditions, says RBI Governor Das

"Food inflation pressures may ease due to favorable conditions from kharif sowing and good soil moisture. Additionally, it appears that core inflation has bottomed out," RBI Governor Shaktikanta Das said today.

10:13 AM

RBI MPC LIVE update: Real GDP growth rate for 2024-25 estimated at 7.2%

RBI MPC LIVE Update: Real GDP for Q1FY26 is projected at 7.3% from 7.2% earlier

10:11 AM

RBI MPC Meeting LIVE: Real GDP grew by 6.7% in Q1

Moderation in inflation to remain 'slow and uneven,' RBI Governor Shaktikanta Das said today.

10:09 AM

RBI MPC keeps repo rate unchanged at 6.5%

After evaluating the macroeconomic conditions and future outlook, the Monetary Policy Committee (MPC) decided, with 5 out of 6 members in agreement, to maintain the policy rate at 6.5 per cent, Governor Das said.