Central bank says it uses 'judicious mix' of instruments to regulate liquidity
RBI's MPC has sounded caution on sticky food inflation, Goldman Sachs says, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India
The RBI may start cutting its benchmark repurchase rate, currently at 6.5 per cent, by a total of 50 basis points in the October-December period before pausing for a few months
Unemployment is highest for younger age brackets, but it is 'transient' as Indian youths spend more time acquiring skills and trying hands at entrepreneurship, RBI Monetary Policy Committee (MPC) member Ashima Goyal has said. There is steady improvement in job creation in the country with the strong growth recovery, Goyal added. "Youth unemployment is higher for the more qualified, but they also earn higher wages. "Therefore, youths are spending more time acquiring skills and in job search," she told PTI. Goyal was responding to a question on the International Labour Organization (ILO) report -- which showed that in 2022, the share of unemployed youths in India's total unemployed population was nearly 83 per cent. "Unemployment is highest for younger age brackets but it is transient...While they wait, they do informal work or take risks at entrepreneurship, where a few do very well," she added. Goyal pointed out that the ILO report also shows that youth unemployment has been fal
Sustaining the economic growth momentum of 7 per cent in 2024-25 and beyond is feasible on the back of favorable monsoon, higher farm productivity and improved global trade, RBI Monetary Policy Committee (MPC) member Shashanka Bhide said on Monday. During 2023-24, the economy is likely to record a growth rate of near 8 per cent on account of good performance of manufacturing and infrastructure sectors. "(India's economic) Growth in the current year is likely to be supported by agriculture with a favourable monsoon and improved global trade. Sustaining the growth momentum of 7 per cent seems feasible," he told PTI. Bhide further said that in the long-term, the need for productivity improvements will remain the key factor to achieve food price stability. Asked what are some of the headwinds he is wary of, Bhide said one area of concern is the global environment. "The slow pace of recovery in global demand on one hand and supply chain disruptions on the other hand... if the ongoing .
Earlier this month, the MPC kept the lending rate steady at 6.5 per cent for the seventh meeting in a row after having raised it by a total of 250 basis points between May 2022 and February 2023
The Reserve Bank on Friday released the minutes of the Monetary Policy Committee (MPC) meeting on Friday
As the central bank held key policy rates steady, the EMIs on home and auto loans are likely to remain stable for some more time
Inflation 'elephant has left the room and it appears to be on its way to the forest,' says RBI governor Shaktikanta Das
The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1
The Reserve Bank of India will likely keep its benchmark repurchase rate at 6.5 per cent for a seventh straight policy meeting, according to all 38 economists surveyed by Bloomberg
As India heads into a general election this month, the economy is growing faster than expected amid signs prices are trending lower though food inflation remains a risk
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
The Reserve Bank of India (RBI) on Wednesday announced the schedule for the bi-monthly monetary policy committee meetings for the new fiscal. The first meeting will be held from April 3-5, while the next will start on June 5, as per an official statement. Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed. The first two days of the meeting are devoted to deliberations and presentations by subject matter experts to the panel. The second bi-monthly policy review meeting will end on June 7, the statement said, adding that this will be followed by three-day meetings in August, October, December, and February. The six-member panel headed by the governor has three external members. It can be noted that Shaktikanta Das' term as the RBI Governor is set to end in December this year. The MPC has been consistent in holding on to the elevated interest rates and
Jayanth Varma, an external member on the six-person monetary policy committee, voted for a quarter-point cut at the Feb. 8 policy meeting
'Withdrawal' is now well understood to imply that the repo rate remains disinflationary and is aimed at bringing inflation towards the target, Goyal said
Goyal expects around $30 billion inflows on the back of the inclusion
The RBI said it would next week come out with a list of frequently asked questions (FAQs) on the Paytm Payments Bank issue
RBI to conduct 14-day variable rate repo auction on Friday
Growth prospects are robust domestically. Key drivers on the demand side, household consumption will improve further, while prospects of fixed investment remain bright