RBI MPC Updates: Shaktikanta Das headlines inflation, says no room for knee-jerk reactions

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

10:12 AM

RBI MPC Live Updates: High inflation to cool down on seasonal harvest, says Governor Das

10:11 AM

By a 4:2 majority, RBI has decided to keep the repo rate unchanged at 6.5%: Governor Das

10:06 AM

RBI MPC Live Updates: India is well-positioned to benefit from emerging global trends, says Governor Das

10:05 AM

RBI MPC Live Updates: Maintaining price stability, growth very important, says Governor Das

10:04 AM

RBI MPC Live Updates: Flexible inflation targeting framework, says Governor Das

10:03 AM

RBI MPC Live Updates: Governor Shaktikanta Das tables MPC meeting outcomes

9:51 AM

RBI MPC Live Updates: GDP growth slowed down to 5.4% in Q2

India’s economic growth in the three months ended 30 September, or the second quarter of 2024-25, was a shocker as it undershot even the most pessimistic forecasts. India’s GDP growth in Q2FY25 negatively surprised at 5.4 per cent YoY, it’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1 per cent growth in the same period last year and also from 6.7% in the first quarter of 2024-25.

9:49 AM

Rupee gains, tracking most Asian peers ahead of RBI policy decision

The Indian rupee strengthened on Friday, tracking a rise in most regional peers that were boosted by a softer US dollar, while traders await the Reserve Bank of India's (RBI) monetary policy decision. The rupee was up about 0.1 per cent at 84.6550 as of 09:30 am IST compared with its close of 84.7325 on Thursday. The RBI will deliver its policy decision at 10:00 am IST.

9:43 AM

LIVE updates: How Q2 GDP growth figures impact RBI MPC expectations

With the Q2 GDP growth recorded at below-expected levels of 5.4 per cent and inflation surging to a 14-month high of 6.21 per cent in October, the RBI MPC, per economists and experts, is expected to keep the repo rate unchanged at 6.5% in the meeting. The RBI is likely to keep rates unchanged on December 6, though a reduction in the cash reserve ratio (CRR) remains a possibility, said experts. 

9:36 AM

Sensex declines 75.16 points to 81,690.70 in early trade; Nifty dips 25.45 points to 24,682.95

9:19 AM

RBI MPC Meeting Live: BSE Sensex closed over 800 points up on Thursday ahead of the policy

RBI policy LIVE: On Thursday, the BSE Sensex continued its upward trajectory for the fifth consecutive session, gaining 809 points in volatile trading on Thursday, preceding the RBI policy review announcement. The BSE Sensex concluded at 81,765.86, showing an increase of 809.53 points or 1 per cent. During trading hours, it reached a peak of 82,317.74, marking a 1.68 per cent rise, before moderating due to investor profit-booking. The NSE Nifty advanced by 240.95 points or 0.98 per cent, closing at 24,708.40.

9:11 AM

MPC Meeting Live Updates: Indian shares set to open higher ahead of RBI policy decision

Indian shares are set to open higher on Friday, ahead of the Reserve Bank of India's (RBI) monetary policy decision, with investors anticipating some form of policy easing after a sharp slowdown in economic growth. The Gift Nifty futures were trading at 24,804 as of 7:09 a.m. IST, indicating that the benchmark Nifty 50 will open above Thursday's close of 24,708.4.

9:09 AM

RBI MPC Meeting Live Updates: What will happen to Sensex, Nifty if RBI Governor doesn't cut repo rate today?

Indian share markets are closely watching for a potential liquidity boost from the Reserve Bank of India’s (RBI) bi-monthly monetary policy announcement later today (Friday, December 6). While the Sensex and Nifty rose 1 percent on Thursday, investors are eager to see whether RBI Governor Shaktikanta Das and the Monetary Policy Committee (MPC) will implement a repo rate or cash reserve ratio (CRR) cut in light of signs of an economic slowdown.

9:07 AM

India's growth offers phenomenal opportunities to American investors: KV Subramanian

Of the belief that India is headed to be a $55 trillion economy by 2047, India's Executive Director at the IMF Dr K V Subramanian on Thursday said India's growth offers phenomenal opportunities to American investors. Subramanian said this during the launch of his latest book “India@100: Envisioning Tomorrow's Economic Powerhouse”.

8:52 AM

Dollar retreat to boost rupee before RBI rate decision

The Indian rupee is likely to open higher on Friday on the back of a decline in the dollar index, after which its direction will be dictated by the central bank's monetary policy review. The 1-month non-deliverable forward indicated that the rupee will open at 84.68-84.70 to the U.S. dollar, compared with 84.7325 in the previous session.