MPC SCHEDULE
RBI cautions micro finance lenders against usurious interest rates
The Reserve Bank of India (RBI) has warned lenders, particularly in the microfinance sector, against charging "usurious" interest rates by exploiting the regulator's freedom. While most lenders follow guidelines on the Key Facts Statement (KFS), some continue to impose undisclosed fees and high interest rates, particularly on small-value loans provided by microfinance institutions (MFIs) and non-banking financial companies (NBFCs).
RBI 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 persistent inflation in food prices and global commodity price risks. RBI Governor's decision is crucial post-elections.
RBI 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 maintain the current 6.5% repo rate. Experts cite steady economic conditions and ongoing inflation concerns as reasons for maintaining the status quo
RBI 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 maintained its 6.5% benchmark interest rate for over a year, with no cuts expected until the final quarter of the year. Citigroup economists predict a shift to a neutral stance in August due to favorable inflation data. Food prices, a significant component of consumer prices, continue to rise, impacting the overall inflation rate. Erratic weather and the upcoming elections are additional factors complicating the central bank's decision-making process.
MPC FY25 schedule: RBI releases FY25 schedule for Monetary Policy Committee meetings
The Monetary Policy Committee meeting dates released by the Reserve Bank of India are for the financial year of 2024-2025, with meetings scheduled all the way till February, next year. The second meeting will be held from June 5-7 while the next meeting is scheduled between August 6-8.
RBI's decision shows resolve to ensure price stability, say experts
As the central bank held key policy rates steady, the EMIs on home and auto loans are likely to remain stable for some more time. The RBI has kept interest rates unchanged since February 2023.
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RBI Monetary Policy at a Glance: Here's your quick guide to know all about key decisions
The Reserve Bank of India's Monetary Policy Committee, led by Governor Shaktikanta Das, concluded its first bi-monthly meeting for the fiscal year 2024-25, maintaining the repo rate at 6.5%. The committee forecasts a 7% growth for the Indian economy in FY25, with quarterly projections of 7.1%, 6.9%, 7%, and 7% respectively, with balanced risks.
RBI MPC announcements today: FD investors likely to get more time to book fixed deposits at current high rates; all eyes are on RBI
RBI MPC announcements on April 5, 2024: Fixed Deposit (FD) investors will keenly watch the Reserve Bank of India's (RBI) first Monetary Policy Committee (MPC) meeting of the new financial year, scheduled today. RBI Governor Shaktikanta Das will unveil the MPC's decisions on interest rates on Friday, April 5, 2024. The repo rate, the benchmark interest rate set by the RBI, serves as a key determinant of FD interest rates. RBI monetary policy announcement is crucial for FD investors seeking clarity on the future trajectory of interest rates. How FD interest rates are likely to change in the next few months and how FD investors can make the most of this scenario
Status quo for the 7th time? RBI MPC may not let rains ruin repo rate, stance this time around
The RBI MPC is expected to maintain the repo rate at 6.5 per cent, focusing on 'withdrawal of accommodation' stance, as per economists. If the RBI sticks to the current rates, it will mark the seventh consecutive time the key lending rate remains unchanged. RBI Governor Shaktikanta Das will reveal the outcome of the bimonthly meeting that began on April 3, with the decision scheduled for April 5 at 10 am.
RBI's rate-setting panel starts discussion on monetary policy; decision on Friday
The Reserve Bank's MPC, led by Shaktikanta Das, likely to keep the interest rate unchanged in the upcoming policy amid improving economic growth. The outcome of the MPC meet will be announced on Friday, the first of the 2024-25 bi-monthly policies.
Real interest rates need to climb before RBI's easing cycle begins
Ahead of this week's scheduled review meeting of the Monetary Policy Committee, market watchers and investors are keen to know the timeline for India's rate easing cycle. However, the texture - and driver - of India's robust economic growth rates suggest their wait will perhaps be of some duration.
RBI may hold rate yet again to focus on inflation management, say experts
RBI expected to maintain key rate in April amid strong GDP growth. MPC to consider global cues. Forecast suggests rate cut unlikely before August 2024, emphasizing inflation targeting.
RBI releases FY25 schedule for meetings of Monetary Policy Committee
The meeting schedule for the second half of the next financial year is as follows – October 7-9, December 4-6 and February 5-7, the RBI said. The six-member MPC is the rate-setting panel of the central bank, comprising three RBI officials and three external members. After raising interest rates by a cumulative 250 basis points from May 2022 to February 2023, the MPC has maintained a status quo on monetary policy. END
RBI Governor Shaktikanta Das calls on Finance Minister Nirmala Sitharaman
The MPC meet is expected to spell out inflation and growth trajectory for financial year beginning April 1. RBI in its last policy released in February projected a growth rate of 7 per cent and inflation outlook at 4.5 per cent for FY25. An RBI bulletin on Tuesday said food price pressure is an obstacle to swifter fall in retail inflation to the Reserve Bank's target of 4 per cent. Retail inflation based on Consumer Price Index (CPI) is on a decline since December and was at 5.09 per cent in February.
RBI Monetary Policy at a Glance: Here's your quick guide to know all about MPC policy
The Reserve Bank of India's Governor-led Monetary Policy Committee (MPC) concluded its recent meeting, maintaining the repo rate at 6.5%. This decision comes amidst concerns over inflation, with retail inflation remaining near the upper end of the central bank's comfort zone. Key highlights include the forecasted GDP growth rate of 7% for FY25, the projection of CPI inflation at 4.5% for the same period, and the decision to keep inflation forecast unchanged at 5.4% for the fiscal year.
RBI MPC highlights: From Das and co's status quo to a likely alternate for OTPs
The Reserve Bank of India-led Monetary Policy Committee (MPC) has announced its decision to retain the repo rate at 6.5 per cent for the sixth time in a row. With a majority of 5:1, the MPC has chosen to stay focused on keeping the withdrawal of accommodation stance unchanged.
RBI likely to continue status-quo on short-term lending rate, say experts
Experts predict that the Reserve Bank of India (RBI) will continue to maintain the pause on the repo rate in its upcoming monetary policy, following the recent interim budget. The repo rate has remained stable at 6.5% for almost a year, with the last rate hike occurring in February 2023. Retail inflation, though within the RBI's comfort zone, is still near the higher end of its range.
RBI MPC: Experts decode policy, spell-out their investment bets
While the policy was pretty much in line with the Street's expectations, here is how experts reacted to Governor Shaktikanta's monetary policy speech
Will bears return to D-Street after RBI policy verdict? Here's what trends suggest
But a sense of fatigue among Dalal Street bulls was felt on Wednesday after Nifty50 dropped almost 100 points from its lifetime high-level intraday.
Will FD interest rates touch 10%? All eyes on RBI MPC on December 8, 2023
A slew of Small Finance Banks (SFBs) already offer 9.2% to 9.5% interest on FDs to senior citizens. Unity Small Finance Bank offers an interest rate of 9.5% to senior citizens on FDs maturing in 1001 days. Will interest rates on FDs touch 10% in the near future? Will the interest rates on fixed deposits (FDs) go up further? The decision to hike FD interest rates will depend on various factors. Find out how interest rates of FDs may move in the future and how you should invest.
Will savings account interest rate rise to 4% after RBI's push? Focus on MPC
Bank customers have been getting one of the lowest interest rates on deposits specially on smaller deposits held in their saving account often in the range of 2.7% to 3%. These rates have largely remained stagnant despite a 2.5% hike in repo rate. As per media reports RBI has been uncomfortable with this and hinted banks to raise the rates. On the other hand, the interest rate on post office saving account has remained unchanged at 4%. Will the central bank push lead to an overall rise in interest rate on saving bank account?
Rupee rises 2 paise to 83.35 against US dollar in early trade
Forex traders said investors remained on the sidelines ahead of the Reserve Bank of India's monetary policy decision later this week.
RBI MPC holds interest rates for the fourth straight monetary review
The Reserve Bank of India (RBI) has decided to maintain interest rates for the fourth consecutive monetary review meeting. The central bank is confident in the easing food prices and decreasing inflationary expectations within the country. However, it has also stated that it will take action if the global bond market turmoil has any adverse effects on the Indian economy.
Gold loan limit hiked to Rs 4 lakh under bullet repayments for co-operative banks: RBI makes gold loans more flexible
Gold loan borrowers can avail gold loans of up to Rs 4 lakh under bullet repayment option from certain urban co-operative banks, says RBI Governor Shaktikanta Das while announcing the decisions of the RBI Monetary Policy Committee on October 6, 2023. This move aims to make gold loans more flexible to certain borrowers who prefer bullet payment option to repay the loan. In the bullet repayment option, borrowers need to pay the entire principal and interest amount at the end of the loan tenure.
Higher FD interest rates to continue as RBI holds repo rate; how to get best returns from fixed deposits
Fixed deposit investors witnessed a good hike in FD rates since May 2022 after a long gap during which they had witnessed one of the lowest rates in decades. However, with 3 consecutive pause in repo rate hikes by RBI there was a fear of reduction in rates which could have led to fall in FD interest rates has well. However, FD investors are likely to enjoy higher FD rates for a longer period as RBI decided to keep the repo rate unchanged.
RBI asks banks to set aside incremental CRR
The Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday directed banks to set aside a larger part of incremental deposits under cash reserve ratio (CRR) to tighten liquidity in the near term. The remark from Das came while he was announcing key decisions of the Monetary Policy Committee (MPC) meeting held from August 8-10.
Repo rate, GDP & inflation: 10 key takeaways from RBI policy that flags keeping Arjuna's eye is not enough
Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the MPC decided unanimously to keep repo rates unchanged. However, India's inflation forecast has been increased from the previous forecast, even as GDP projections remained unchanged. Here is a look at other important MPC announcements, including further filip to UPI ecosystem.
RBI may continue to hold rate amid concern over inflation: Experts
The RBI is likely to continue with the pause on the key interest rate at its upcoming monetary policy review, as concerns on the inflation front and keeping the borrowing cost stable to maintain the economic growth momentum persist. The interest rate is likely to remain stable in the near term, experts said
RBI releases MPC's meeting schedule for 2023-24
The Reserve Bank of India (RBI) on Friday released meeting schedule of the Monetary Policy Committee (MPC) for the next financial year (FY24). The first meeting for the next fiscal will be held on April 3-5, 2023, as per the release.
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