Most central banks (CB) are narrowly focused on monetary policy. The RBI has a sprawling mandate. The trouble is these roles contain many inherent conflicts
In our earlier piece in these pages, we highlighted the unwelcome consequences of the exchange rate policy adopted under the outgoing Reserve Bank of India (RBI) regime
Malhotra to follow an open door policy and remain accessible to everyone at RBI
Mint Road saw a new incumbent at the helm, followed through on its regulatory and governance initiatives even as the wait continues on a few fronts
While dollar-rupee forward premiums rose on Thursday in reaction to the heightened odds of a Fed rate cut and on the back of an elevated USD/INR overnight swap rate, they were pegged by the central
Monetary Policy Committee keeps repo rate unchanged at 6.50% for the eleventh consecutive review
RBI's decision will enable banks to have more funds to lend, they say
Markets Highlights: Broader markets outperformed the benchmarks indices on Friday after the RBI left key rates unchanged and announced a 50 bps cut in CRR, while lowering its GDP forecast
Investors with medium to long-term investment horizons can look at funds having duration of 6-7 years
For those holding fixed deposits, this is an ideal time to lock in high interest rates, as rates may decline in the coming months
The CRR cut would allow banks to lend more by freeing up reserves
The Reserve Bank on Friday raised the inflation projection for current fiscal year to 4.8 per cent from 4.5 per cent with Governor Shaktikanta Das saying lingering food price pressures are likely to keep headline inflation elevated in the December quarter. Consumer price index (CPI)-based inflation increased sharply in September and October 2024 led by an unanticipated increase in food prices. Core inflation, though at subdued levels, also registered a pick-up in October. Fuel group remained in deflation for the 14th consecutive month in October. "In the near term, despite some softening, lingering food price pressures are likely to keep headline inflation elevated in Q3," Das said while unveiling the December 2024 monetary policy. RBI said CPI inflation for 2024-25 is projected at 4.8 per cent, with Q3 at 5.7 per cent; and Q4 at 4.5 per cent. CPI or retail inflation for Q1:2025-26 is projected at 4.6 per cent, and Q2 at 4 per cent. In the October policy, the central bank had ...
The move comes as the monetary authority has been using its foreign-exchange reserves to slow the pace of the drop in the rupee
RBI governor Shaktikanta Das said that the CRR reduction will release Rs 1.16 trillion into the banking system, providing additional liquidity and enable banks to extend more loans
Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.
"A steady rate ensures consistent repayment terms, which increases the confidence of homebuyers," said Manju Yagnik, vice chairperson of Nahar Group and senior vice president of NAREDCO Maharashtra
Pre-market update: RBI policy decision likely to set the equity market trend on Friday; Strong FIIs buying a positive; Ganesh Infraworld likely to witness a bumper listing on the NSE SME platform.
MPC is largely expected to hold the key policy rate steady at 6.5 per cent for the eleventh straight meeting, but a few economists have forecast a 25 basis points (bps) cut
The RBI's crucial Monetary Policy review is underway, with Governor Shaktikanta Das set to reveal key decisions on December 6 at 10 am. Here's what you need to know
Pre-market update: Asian shares traded with steady gains on Thursday; Back home the weekly Nifty expiry and upcoming RBI policy outcome to weigh on investor sentiment today.