Monetary Policies

Reserve Bank of India to delay interest rate cut to late this year: Poll

With near-8 per cent growth, the fastest among major world economies, and above-trend inflation there is also little urgency for the RBI to begin cutting rates unless concerns emerge about a slowdown

India's move to buy back bonds runs into RBI's need to keep tight stance

Last week, the monetary authority accepted bids for about a quarter of the 400 billion rupees ($4.8 billion) of bonds the government offered to repurchase

First RBI MPC meet for FY25 starts today: Here is all you need to know

RBI Policy Meet: Experts believe the RBI will keep the repo rate unchanged at 6.5% and focus on bringing inflation towards the 4% target

Monetary policy preview: If it ain't broke, don't fix it

Core inflation is falling, and the rupee is stable. But the more pertinent question here is whether there is a need for monetary easing. Let's discuss the key determinants

Green capital flows into emerging mkts must be bolstered: RBI governor

Vigilant in navigating final stretch of disinflation: Das

MPC's Jayanth R Varma envisions lower inflation, higher growth in 2024

The Indian economy has withstood all geopolitical shocks in the last couple of years and it will also be able to navigate the uncertainties that lie ahead, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday. Varma further said he expects a benign outcome in 2024 where inflation comes down and growth remains robust. "The Indian economy has withstood all these shocks ( Russia-Ukraine war, Israel-Hamas war, rising oil prices, Houthi attacks) in the last couple of years, and I do not believe that the geopolitical situation will be significantly worse in coming months than what we experienced in the recent past," he told PTI in an interview. Moreover, Varma, a professor at the Indian Institute of Management, Ahmedabad, said the continued slowdown in China has led to sharply reduced demand for energy and other commodities, and this too has ameliorated the adverse effects of supply shock. "On the whole, I have a great deal of confidence that India will be able to ..

RBI announces 2-day repo for $6 billion as overnight rates stay elevated

The RBI had infused 1.75 trillion rupees through a seven-day VRRR on Dec. 22 and 1 trillion rupees in the prior week that matured on Dec 22

Over-tightening not an imminent change in our approach: RBI governor Das

Inflation remains a top priority, and a few months of good data should not lead to complacency: Das

Moody's issues negative outlook for banks with tightening monetary policies

Central banks' restrictive monetary measures may impact GDP growth and amplify challenges for global banks in 2024, warns Moody's

RBI remains watchful, monetary policy actively disinflationary: Das

Reserve Bank of India remains watchful and the monetary policy is actively disinflationary and supporting growth, Governor Shaktikanta Das said on Thursday. The government has mandated the RBI to ensure that inflation based on the Consumer Price Index (CPI) remains at 4 per cent with a margin of 2 per cent on either side. At a symposium in Tokyo, Das also talked about the central bank's approach to the fintech ecosystem, saying it is customer-centric. There is focus on good governance, ensuring effective oversight, ethical conduct and risk management, and encouraging self-regulation by the fintechs themselves through a Self-Regulatory Organisation (SRO), he said. Das said the Monetary Policy Committee (MPC) in its October meeting projected CPI inflation at 5.4 per cent for 2023-24, a moderation from 6.7 per cent in 2022-23. The CPI inflation fell to a three-month low of 5 per cent in September. The data for October is scheduled to be released on November 13. Headline inflation, .

Statsguru: 6 charts show India's inflation concern may not be over soon

Lower sowing and higher food prices have increased risks to inflation outcomes

Avoid speculating in long-duration funds, invest with 5-year plus horizon

If you are unsure about where rates are headed over the next year, go for dynamic bond funds

RBI not 'unduly concerned' about Russian investments in G-secs, says Das

Governor Shaktikanta Das on Thursday said the Reserve Bank is not "unduly concerned" about the Russian investments in Indian government bonds. Without sharing the details of the trade surplus invested by Russian entities in government securities (G-secs), Das underlined that trade relations between the two countries are for the long term and there is no reason to fear a pullout of the money. In May this year, the Indian Banks Association had said that Russia is investing the surplus it earns out of oil sales to India in G-secs, but the market's estimates on the quantum vary from USD 10-22 billion. "Its not something about which we are really unduly concerned. We are not concerned unduly because market has its estimates. So far as we are concerned, it is not going to cause any (impact)," Das told reporters at the post-policy press meet here. He added that India is "far better placed" with forex reserves of over USD 600 billion to deal with any situation. Deputy Governor T Rabi Sank

May need to go beyond keeping Arjuna's eye to tame inflation: RBI governor

"We have to stand in readiness to go beyond keeping Arjuna's eye to deploying policy instruments, if necessary" to contain inflation, said Reserve Bank Governor Shaktikanta Das on Thursday. Headline consumer price index-based inflation projection for the second quarter of 2023-24 has been revised up substantially, primarily due to the price shock from vegetables, at 6.2 per cent by the RBI form 5.2 per cent estimated in June. Unveiling the bi-monthly monetary policy, Governor Das said the moderation in headline inflation to 4.6 per cent in the first quarter of 2023-24 was in line with the projections set out in the June MPC meeting. There was a pick-up in headline inflation to 4.8 per cent in June due to an upturn in food inflation. "Going by the past trends, vegetable prices may see a significant correction after a few months. The prospects of kharif crops have brightened, thanks to improvement in the progress of the monsoon," he said. Uncertainties, however, remain on domestic f

India rate panel to dial up hawkishness even as it holds policy steady

The MPC at its June policy meeting also reiterated its intent of nudging inflation towards its medium-term target of 4% and not just holding it below 6%

Bond yields ease amid a surge in liquidity surplus, ahead of RBI's policy

Surplus liquidity in banking system hits Rs 2.25 trn

RBI's MPC starts deliberations on policy rate, decision on Thursday

The Reserve Bank's rate-setting monetary policy panel began deliberations on Tuesday amid expectations that the central bank will keep the benchmark interest rates unchanged at 6.5 per cent on the back of easing retail inflation and the need to push economic growth. Headed by Reserve Bank Governor Shaktikanta Das, the six-member Monetary Policy Committee (MPC) will meet for three days and the decision would be announced on Thursday, June 8. After the last MPC meeting in April, the RBI paused its rate hike cycle and stayed with the 6.5 per cent repo rate. Prior to that the central bank had cumulatively hiked the repo rate by 250 basis points since May 2022 in a bid to contain inflation. The MPC is meeting in the backdrop of consumer price-based (CPI) inflation declining to an 18-month low of 4.7 per cent in April. The Reserve Bank governor recently indicated that the May print would be lower than the April numbers. The CPI for May is scheduled to be announced on June 12. On ...

Domestic financial markets remained orderly in 2022-23: RBI report

Reserve Bank of India (RBI) has said that in 2022-23 the domestic financial market movements remained orderly, notwithstanding persisting impact of global spillovers during the year

Structural reforms keep economic recovery on course, says DEA secy

India today is focusing on infrastructure led capital spending aimed at enhancing productivity and employment while ensuring fiscal prudence with 'targeted' interventions: Ajay Seth

What is the Jackson Hole conference?

Investors were eagerly awaiting the outcome of the Jackson Hole Economic Symposium. And, the outcome may shape the market momentum for the next few days. But what exactly is this meet?