RBI Governor Shaktikanta Das said the government is "mindful" of the current inflation situation, and it is up to the Centre to take further supply-side measures to contain the price rise situation
Bankers hailed the Reserve Bank's monetary policy focus on taming inflation and said the move reflects RBI's continued effort towards non-disruptive trade-off between price stability and growth
RBI's repo rate hike spells bad news for those who were looking to buy a home and also for those who are paying their EMIs
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The MPC pitched for a high number of 50 bps, which is significant because if combined with the inflation forecast, it indicates that more hikes are coming
Citing the aggressive wording to tame inflation, analysts expect the Reserve Bank to deliver more rate hikes during the current fiscal and take key policy rates to well above the pre-pandemic levels
Home loan borrowers must pre-pay to prevent their loan tenures from rising
The RBI governor announced a second consecutive hike in policy rates and highlighted geopolitical risks. Here are the highlights.
The Governor's reminder that the repo rate is still below the pre-pandemic level served as a clear signal that more rate hikes lie ahead
Inflation forecast increased to 6.7% for FY23; GDP forecast retained at 7.2%
RBI Governor Shaktikanta Das has already indicated that there may be another hike in the repo rate though he refrained from quantifying it
With Wednesday's Monetary Policy Committee (MPC) decision following May's surprise 40 basis-point off-cycle hike, expectations have narrowed down to the size of increase to tame inflation
The yield jumped 4 basis points (bps) on Monday after Saudi Arabia - the world's biggest oil exporter - raised prices for Asian buyers
Since the last policy announcement, inflationary risks have increased significantly
There are speculations that the central bank may go for at least 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle MPC meeting
A group of ministers may propose pruning GST exemptions on certain goods and services and correcting the inverted duty structure. Read more on this in our top headlines
Ahead of the RBI's policy decision, OPEC+ decided to increase the size of its oil-supply hikes by about 50%. Our next report talks about these macro concerns and how investors should trade.
FY23 inflation projection may go above 6%; liquidity steps anticipated
Policy will depend on RBI's inflation projection
The Reserve Bank is expected to go for another rate hike of 0.40% at the scheduled review of the monetary policy next week, a foreign brokerage said on Friday.