Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future
The Reserve Bank of India (RBI), too, left the benchmark repo rate unchanged at 6.5 per cent and kept the policy stance unchanged on Thursday
RBI MPC Meeting Live Updates: RBI's MPC which began on February 6 has concluded today. The Central bank's MPC has decided to keep the repo rate unchanged at 6.5%. Catch all updates here
The central bank believes that the decision to set up a regulatory body will strengthen the pricing and risk management of credit by these entities
Monetary policy has to remain extra alert to be ready to act as and when warranted to preserve the hard earned macroeconomic stability, Reserve Bank Governor Shaktikanta Das has said. The fundamental goal of the monetary policy is to align inflation with the 4 per cent target and anchor inflation expectations, Das said, according to the minutes of the six-member Monetary Policy Committee (MPC) released by the RBI on Friday. The MPC in its last meeting earlier in the month, decided to keep the benchmark lending rate at 6.5 per cent, for the fourth time in a row, in a bid to keep retail inflation under check. "Monetary policy has to remain extra alert and ready to act, if the situation warrants. The hard earned macroeconomic stability has to be preserved," Das said while voting to keep the benchmark lending rate unchanged at 6.5 per cent along with five other members of the MPC. Das had cautioned that recurring incidences of large and overlapping supply side shocks bring with them th
A change in stance could be inferred by the markets as a definite sign of rates peaking
The Australian Parliament on Monday ratified the Economic Cooperation and Trade Agreement (ECTA) with India, paving the way for implementing the deal as early as January 1, 2023
Swap rates decline post fall in US, India inflation
RBI Monetary Policy Live update: This would be the fourth hike in the policy repo rate by the Reserve Bank of India, which is currently at 5.4%
The current account deficit remains uncomfortably high as India's growth momentum outpaces the rest of the world.
Currency trades in a narrow zone; ends the day at 77.71 against dollar
While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022
The Reserve Bank of India kept the key policy rates unchanged in its monetary policy review, surprising most experts who were betting on a reverse repo rate hike. Find out what the status quo mean
The rates represent a particular stance with regard to the monetary policy and the committee decided to continue with the accommodative stance, said RBI Governor Shaktikanta Das
RBI has announced the decision of the MPC to keep the major policy repo rate at 4 per cent and reverse repo rate at 3.35 per cent unchanged
The key message from the December meeting is that monetary policy remains fully geared towards growth
The RBI stopped the Government Securities Acquisition Programme (G-SAP), through which it has infused Rs 2.2 trillion of liquidity in the system
The RBI has calendarized its VRRR auction and stands ready to enhance its duration. This is the first sign of preparing the market for an eventual increase in the reverse repo rate.
Reserve Bank of India (RBI) is likely to retain the benchmark interest rate at the existing levels at its upcoming monetary policy review, feel experts
The amendments come just days after the RBI won approval from the government to retain its 2-6 per cent inflation target range for the next five years