MONETARY REVIEW
Russian missiles and drones strike eastern Ukraine's Dnipro in a daylight attack that kills 5 A Russian missile and drone attack on Dnipro killed five civilians and injured 47, including a 14-year-old girl. The assault shattered windows in schools and kindergartens, damaged a children's hospital ICU, and sparked fires in another hospital. Pr...
04 Jul, 2024, 08.06 AM ISTIndian economy poised for potentially stable high growth phase, says RBI's monetary policy panel member RBI's monetary policy committee member Shashanka Bhide highlighted India's potential for stable high growth amidst significant risks, citing strong domestic demand, investment spending, and positive monsoon forecasts. He emphasised the importance of...
30 Jun, 2024, 11.28 AM ISTWe are actually raising the real repo rate: MPC's Jayanth Varma Jayanth Varma, who has expressed concerns about growth sacrifice due to restrictive monetary policy, voted for a 25-basis-point rate cut in the MPC's June policy review.
23 Jun, 2024, 01.05 PM IST- ADVERTISEMENT
Real repo rate too high and could hurt growth, said MPC dissenters The two external members of the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) who had pushed for a 25 basis point rate cut at the June 7 meeting, Ashima Goyal and JR Varma, said the real repo rate at 2% was too high and could hurt grow...
22 Jun, 2024, 10.53 AM ISTIMF lauds Sri Lanka for strong progress Sri Lanka's macroeconomic policy reforms are showing positive results as the IMF anticipates agreements with external commercial creditors soon, signaling progress towards the country's $2.9 billion bailout program. The International Monetary Fund p...
09 Jun, 2024, 12.16 AM ISTRBI holds rates amid food inflation fears The Reserve Bank of India (RBI) kept policy interest rates unchanged for the eighth consecutive meeting due to concerns about rising food prices. The central bank raised its economic growth forecast for FY25 to 7.2% from 7%, driven by state investme...
08 Jun, 2024, 09.35 AM ISTHow mutual fund managers decode RBI rate pause for investors? The Monetary Policy Committee of Reserve Bank of India has decided to maintain the policy rate at 6.50% in the latest review, impacting mutual fund managers' strategies and market reactions.
07 Jun, 2024, 05.23 PM ISTRBI unveils ambitious reform agenda for centenary celebrations in 2035, charts out 14-point action plan The Reserve Bank of India aims to become a role model for central banks in developing countries by its centenary in 2035. Governor Shaktikanta Das outlined a 14-point plan, including enhancing India's global presence, positioning itself as a leader ...
07 Jun, 2024, 02.08 PM ISTRBI maintains interest rates amid growing calls for easier money policy The Reserve Bank of India (RBI) kept interest rates unchanged in its eighth consecutive meeting, with some members leaning towards easing monetary policy due to concerns about rising food prices. The central bank raised its FY25 growth forecast by 2...
07 Jun, 2024, 11.46 AM ISTRBI MPC Meeting 2024 at a glance: Here's a one-stop guide to all key decisions The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to maintain the current interest rate at 6.5%, following a 4:2 majority decision. The panel projected real GDP growth for FY25 to be 7.2%, up from 7%. The MPC is also maintainin...
07 Jun, 2024, 11.36 AM ISTRBI MPC Meeting: Das & Co may look at food bills to keep its stance, rate unchanged RBI Policy Meeting: The Reserve Bank of India (RBI) is expected to maintain the repo rate at 6.5% with a focus on withdrawing accommodation, marking the eighth consecutive time it remains unchanged. Economists predict the unchanged stance, citing pe...
07 Jun, 2024, 08.07 AM IST'Acche din' to continue for FD investors as high fixed deposit interest rates will not drop soon: All eyes on RBI MPC on June 7 The Reserve Bank of India (RBI) will likely keep the repo rate unchanged in the upcoming monetary policy committee review. The question now is how long will the high-FD rate regime continue. Also, what should be the best strategy for your short-term...
06 Jun, 2024, 11.42 AM ISTPakistan inflation slows to 11.8% in May, lowest in 30 months The lowest reading comes a week before the central bank meets to review the key rate which has remained at a historic high of 22% for seven straight policy meetings.
03 Jun, 2024, 12.07 PM ISTRBI unlikely to cut rates; Sustained vigil on inflation expected RBI to hold rates on strong GDP growth. Inflation within target range but food inflation high. RBI cautious on weather impact.
03 Jun, 2024, 07.18 AM ISTRBI unlikely to cut interest rate on June 7, say experts The Reserve Bank of India is unlikely to cut the benchmark interest rate in its upcoming monetary policy review amid inflation challenges and improving economic growth. Scheduled for June 5-7, the Monetary Policy Committee (MPC) is expected to maint...
02 Jun, 2024, 03.32 PM ISTRBI moves 1 lakh kg of gold from UK back to India, first such move of this quantum since 1991 India's central bank has moved around 100 tonnes of gold from the UK to its domestic vaults, with plans to relocate more soon, according to a TOI report. This significant transfer, the first since 1991, addresses logistical and storage diversity con...
31 May, 2024, 10.28 AM ISTRBI Monetary Policy: India’s sticky inflation gives RBI reason to stay on hold RBI MPC Meeting: India's steady inflation and the threat of rising food prices are likely to delay any interest rate cuts by the central bank. Consumer prices rose 4.83% in April, close to economists' expectations. The Reserve Bank of India has main...
14 May, 2024, 10.07 AM ISTRBI announces launch of 'inflation expectations' and 'consumer confidence' surveys for monetary policy inputs The RBI has launched two new surveys, the 'Inflation Expectations Survey of Households' and the 'Consumer Confidence Survey,' ahead of its June monetary policy review. These surveys will gather insights crucial for monetary policy decisions. The 'In...
29 Apr, 2024, 07.07 PM ISTIndia's economic performance strong, despite global hurdles: Economic Review India's economy showed strength amid global challenges and geopolitical issues, according to the March Economic Review. Strong domestic and rural demand, robust investments, and steady manufacturing growth have been credited for this resilience. Pri...
25 Apr, 2024, 01.19 PM ISTRBI MPC Meet: Interest rates expected to hold steady, possible shift to neutral stance amid tight liquidity conditions RBI MPC Meet: The 12 respondents unanimously predicted that the Monetary Policy Committee (MPC) would keep the repo rate unchanged at 6.50% at the end of its February 8 meeting. They said the panel will maintain the status quo on rates for the sixth...
05 Feb, 2024, 06.31 AM IST