Page 5 - Rbi Monetary Policy

RBI to introduce offline digital rupee transactions soon: Governor Das

Digital rupee users will soon be able to execute transactions in areas with limited internet connectivity as the RBI on Thursday announced that offline capability will be introduced on the Central bank digital currency (CBDC) pilot project. Reserve Bank of India Governor Shaktikanta Das said that programmability-based additional use cases will be introduced as part of the pilot project. RBI launched a pilot of the retail CBDC in December 2022 and achieved the target of having 10 lakh transactions a day in December 2023. It can be noted that other payment platforms, especially the very popular Unified Payments Interface (UPI), already offer offline possibilities. "it is proposed to introduce an offline functionality in CBDC-R (Retail) for enabling transactions in areas with poor or limited internet connectivity," Das said while announcing the bi-monthly monetary policy review. He said multiple offline solutions, which include both proximity and non-proximity based ones, will be tes

RBI keeps repo rate unchanged at 6.5%: What should borrowers do?

Home loan rates are already lower compared to 2023 levels where they had started touching 9 per cent. The lowest home loan rates today are in the 8.30 range

RBI MPC today: When, where to watch address of Guv Das and what to expect

RBI monetary policy time: The MPC decision will be announced by Shaktikanta Das at 10 am on Thursday

TMS Ep624: Byju's red flag, Bhavish's unicorns, markets, Parivesh 2.0

Is Byju's case a red flag for startup founders? Has Bhavish's 3rd unicorn cemented his startup success? Will the RBI change its stance in February policy? What is the Parivesh 2.0 portal? Answers here

RBI MPC meet begins: First meet post interim budget 2024; 5 things to know

The RBI MPC meeting will conclude on February 8, following which the RBI Governor Shaktikanta Das will announce the decision of the committee

RBI likely to hold rates for a sixth straight meet; statement in focus

Market participants are also hoping for some relief from the RBI on the liquidity front with the system deficit having hit a record high in January

RBI Monetary Policy Committee meet: Check date, time and what to expect

RBI MPC: In a poll conducted by Business Standard, all 10 respondents said that the MPC might maintain the status quo for a sixth consecutive time

Bond traders pin hopes on dovish RBI pivot to extend Budget rally

Indian bonds have rallied over the past three months, fueled by overseas inflows ahead of global index inclusion starting June

Monetary policy: RBI likely to hold rates for sixth time, shows BS poll

Focus on liquidity; few expect neutral stance

Highlights of the day: Delhi airport sees 13 flight diversions on Feb 1

From the delay in train, flight services to the updates about the interim budget 2024, catch all latest news here

Indian economy withstood geopolitical shocks; ready for future challenges

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 ..

UPI scales new high in December; 2023 value up 59% at Rs 183 trn

Monthly FASTag and IMPS transactions increase too, but those at Aadhaar Enabled Payment System fall

'Cut essential to check high real interest rate', says RBI MPC member

Jayanth Varma, an external member of the RBI's Monetary Policy Committee, has stated that an interest rate cut is required to prevent excessive real interest rates amid changing economic landscape

'Closer to where rates have to be cut to avoid excessive real interest'

Varma says that since monetary policy acts with lags of three to five quarters, rate actions must be based on projected inflation rather than past inflation prints. In an interview with Manojit Saha

MPC members voice concern over food inflation trajectory, show minutes

External members flag high real interest rates

Market outlook 2024: Over to the interim Budget, general elections

The only concern for the markets, analysts say, is whether the cumulative rate hikes executed across the globe would lead to growth slowdown, or will the global economy recover significantly

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

Nifty tops 21K on RBI boost; Indices rise amid hopes of better eco growth

The RBI on Friday riased its GDP forecast for the current fiscal to 7 per cent from 6.5 per cent earlier

Households see a rise in inflationary pressures for year ahead: RBI survey

Consumer confidence stable; fairly optimistic about economy, employment, income

Sensex ends 304 pts up, Nifty tests 21,000 as RBI leaves rates untouched

Closing Bell on December 8, 2023: The BSE Sensex touched a high of 69,894, whil the Nifty hit a peak at 21,006. Infosys, HDFC Bank and ICICI Bank were the major movers on Friday.