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

8:51 AM

RBI MPC Live Updates: Key takeaways of October RBI Policy

Repo rate unchanged at 6.5%

Policy stance changed to ‘Neutral’ from ‘Withdrawal of Accommodation’

SDF rate unchanged at 6.25% 

MSF rate unchanged at 6.75%

Bank Rate unchanged at 6.75% 

MPC members voted by 4:2 majority to maintain status quo

8:42 AM

Indian bond yields set to be largely flat ahead of RBI policy decision

Indian government bond yields are set to be little changed on Friday, with a downward bias in early deals, as traders continue to be optimistic about some form of monetary policy easing from the central bank, whose decision is due later in the day.

8:38 AM

RBI MPC Meeting LIVE updates: Experts predict a reduction of 25-50 basis points in CRR

The CRR, currently at 4.5 per cent, mandates banks to park a percentage of their deposits with the RBI. A cut frees up these reserves, enabling banks to lend more. Unlike other tools like repo rate adjustments, a CRR reduction has an immediate impact on liquidity without any interest burden for banks.

8:20 AM

RBI Policy Rates Live: Indian markets surge as FII inflows boost optimism

Despite ongoing uncertainty, Indian equity markets saw a strong rally on Thursday, driven by global optimism and robust FII inflows. The BSE Sensex soared over 800 points, closing at 81,765, while the NSE Nifty surged more than 240 points, finishing above 24,700, led by buying in heavyweight stocks. FIIs net bought Indian equities worth Rs 8,540 crore.

8:04 AM

RBI MPC Meeting LIVE updates: Will there be a CRR cut?

A CRR cut can help boost growth without fueling inflation, while also easing challenges posed by the RBI's interventions in the foreign exchange market to manage the rupee’s depreciation. Experts also suggest the RBI may consider other tools like foreign exchange swaps and open market operations (OMOs) to further support liquidity.

7:55 AM

RBI MPC Meeting LIVE updates: Policy likely to ease through liquidity if not rates, say analysts

The Reserve Bank of India may ease monetary conditions by reducing banks' cash reserve ratios after economic growth slowed to a seven-quarter low, but inflationary pressures may make it reluctant to cut interest rates just yet, analysts said. The RBI may infuse liquidity via a possible 50 bps cash reserve ratio (CRR) cut on Dec 6, and bring out other instruments over the next few months, economists at HSBC said.

 

7:41 AM

RBI Monetary Policy Meeting Dec 2024 Live Updates: RBI’s MPC expected to discuss several crucial factors

The RBI’s MPC is expected to discuss several crucial factors, including interest rates, inflation, economic growth projections, and the impact of global oil prices. A decision on the repo rate will be made after cautiously assessing these factors in the context of India’s economic health. The December meeting follows a period of challenging economic conditions, with India’s GDP growth for the July-September quarter recording a seven-quarter low of just 5.4 per cent. Additionally, October’s inflation rate surged to 6.2 per cent, surpassing the RBI’s target range of 2-6 per cent.

7:33 AM

RBI Monetary Policy Meeting Dec 2024 Live Updates: Recent Monetary Policy decisions

At its October meeting, the MPC maintained the repo rate at 6.5 per cent and shifted its policy stance to neutral, which could signal future rate cuts depending on economic conditions. The standing deposit facility rate remains at 6.25 per cent, while the marginal standing facility rate stands at 6.75 per cent.

 

7:24 AM

RBI Monetary Policy Meeting Dec 2024 Live Updates: Where to watch live announcement

The live-streamed announcement will be available on multiple platforms. Viewers can tune in to the Business Standard YouTube channel for the live broadcast. Additionally, the RBI’s official social media accounts on Facebook, X (formerly Twitter), and YouTube will also stream the event. The post-announcement press conference will be available live on these platforms as well.

7:13 AM

RBI Monetary Policy Meeting Dec 2024 LIVE Updates: Will RBI cut repo rate?

With the economy facing significant challenges, market experts are eager to see if the RBI will cut the repo rate to stimulate growth. Despite weaker-than-expected GDP performance, analysts, including 21 out of 25 surveyed by Bloomberg, predict the MPC will keep the status quo for the eleventh consecutive meeting. This suggests the repo rate will likely remain unchanged at 6.5 per cent. 

6:55 AM

Governor Das to announce decision on interest rate amid speculations over his extension

There is no clarity on whether Governor Shaktikanta Das, the chair of the panel, will continue in office after his term ends this month. Shaktikanta Das was in the Indian Administrative Service. He was appointed governor in December 2018 the day after Urjit Patel had resigned. He got an extension in 2021 and completes his current term next week. The MPC meeting is important because it decides the course of interest rates

6:52 AM

RBI Monetary Policy Meeting Dec 2024 Live Updates: RBI’s recent Monetary Policy decisions

At its last meeting in October 2024, the RBI chose to maintain the repo rate at 6.5 per cent, marking a continuation of its cautious approach to Monetary Policy. This upcoming review, however, is expected to be scrutinised closely due to various macroeconomic indicators, including India's recent GDP growth data and inflation figures.

6:50 AM

RBI Governor Shaktikanta Das is set to announce the MPC's decision today at 10 am

RBI Governor Shaktikanta Das is set to announce the MPC's decision today at 10 am after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers. A decision on the repo rate will be made after cautiously assessing these factors in the context of India’s economic health. Experts believe that the RBI is likely to maintain the current repo rate while possibly adjusting the cash reserve ratio (CRR) to address mixed economic trends.