RBI press conference LIVE: Currency circulation will pick up soon, says Guv

RBI MPC Meeting Live Updates: Governor Shaktikanta Das begins policy statement, catch all the latest updates here

10:09 AM

Our economy exuding enhanced strength, stability, says Governor Das

Indian economy exuding enhanced strength and stability, says RBI Governor Shaktikanta Das

10:07 AM

RBI keeps repo rate unchanged at 6.5%

RBI Governor Shaktikanta Das announces that the Monetary Policy Committee unanimously decided to keep repo rate unchanged at 6.5 per cent, along with the key lending rate, which has also been unchanged since April

10:07 AM

Our banks healthiest in a decade, key lending rate unchanged: RBI Governor Das

Our banks are healthiest in a decade, says Governor Das

10:04 AM

RBI MPC meet: Governor Shaktikanta Das begins policy statement

RBI Governor Shaktikanta Das says "Our economy has continued to grow at a reasonable pace becoming the 5th largest economy in the world, contributing around 15% to global growth

9:52 AM

RBI likely to maintain status quo in its MPC meet announcement today

Reserve Bank of India likely to maintain status quo in today's MPC meeting announcement

9:36 AM

Rupee eyes RBI monetary policy decision, US inflation data to follow

The Indian rupee's direction on Thursday will be impacted by the central bank's policy decision and how market participants want to position themselves before U.S. inflation data.

Non-deliverable forwards indicate the rupee will open barely changed to the U.S. dollar from 82.8150 on Wednesday. In the last two sessions, the currency has been in the range of around six paisa.

8:22 AM

RBI monetary policy: Here's what industy experts expects from the upcoming meet

"While the inflationary pressures are upwards owing to primarily vegetables and some other food items, given that the inflation print is going to be below 6 per cent, the MPC can afford to continue with a pause," said Ranen Banerjee, Partner, Economic Advisory Services, PwC India.

 

"The demand continues to be weak at the lower value end of the spectrum and hence the Indian inflation continues to be a supply-side driven one. Thus, there is no immediate trigger for a rate increase. The commentary will continue to be hawkish with emphasis on data-dependent actions on the back of impacts seen from the rate increases by BoE, ECB and the US Fed."

 

8:00 AM

RBI MPC: Repo rate announcement by Governor Das today; all you must know

The Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC) is holding its three-day meeting to decide the key interest rates in India. The meeting started on Tuesday and will end with RBI governor Shaktikanta Das announcing the rates in the policy announcement on Thursday.

All eyes will be on the repo rate, currently at 6.5 per cent. It has been hiked by 250 basis points since May 2022. The banks in India fix their interest rates on deposits as well as on loans based on the repo rate.

The last MPC meeting was held between June 6 and 8.