This policy comes at a time when growth is slowing, inflation is still pretty high, and the rupee has started losing value against the dollar
The decision drew a dissent from Fed Governor Michelle Bowman, who wanted just a quarter-point cut
If monetary policy cannot influence food inflation, why should it not subject its stance to non-food price spiral?
The stance can be changed, and if that doesn't happen, the hawkish underdone will not continue
RBI MPC Meeting highlights: RBI Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.5% for the eight consecutive time and will continue with its stance of 'withdrawal of accommodation.'
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
Banks made these suggestions to industry body Fixed Income Money Market and Derivatives Association of India (FIMMDA) on Wednesday
Fed's 'soft landing' scenario still on the table
Business Standard brings you the top headlines at this hour
Expect higher sales of such policies in March
One cannot completely rule out the possibility that the pause button would be pressed at the next MPC meet. Future actions, both for policy rate and stance, will depend on evolving data
Policy rate increased by 25 bps to a 4-year high of 6.5%
Lenders should be able to offset impact by gradually passing on policy rate hikes to corporate loans: Agency
India's real interest rate has turned positive after headline retail inflation eased below 6% for the first time this year, analysts said, suggesting that the peak policy rate is now close
With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient though it is still sensitive to global headwinds, an RBI article said on Friday. The article published in the latest RBI bulletin also said the outlook for the global economy remains clouded with downside risks. Global financial conditions have been tightening and deteriorating market liquidity is amplifying financial price movements. Markets are now pricing in moderate increases in policy rates and risk-on appetite has returned. In India, supply responses in the economy are gaining strength, it noted. "With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook can best be characterised as resilient but sensitive to formidable global headwinds," the article said. Urban demand appears robust, while rural demand is muted but more recently picking up traction, it added. The article has been prepared by a team led by RBI Deputy Govern
Having raised policy rates to about 6 per cent, does India's Monetary Policy Committee need to do more? And, if so, is more front-loading warranted?
With this, it has increased policy rate by 1.5 per cent, the highest in a decade
India's most hawkish rate-setter said the policy rate was reaching a level that allows past aggressive action to cool inflation without inflicting too much pain on the economy
Powell cannot afford to take his eyes off the prize - to get inflation down
A home loan is for a long tenor and during this period there are bound to be both upward and downward interest rate cycles, he said