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The central bank’s monetary policy committee (MPC), however, kept the repo rate unchanged at 4%.(File photo for representation)

Recovering growth, rising inflation puts rates on hold

Livemint, Mumbai | By Gopika Gopakumar
UPDATED ON DEC 05, 2020 04:53 AM IST
The Reserve Bank of India on Friday pledged to retain an accommodative policy stance well into the next financial year to support a nascent economic recovery.
Ultratech Cement (up 4%), Laren & Toubro (up 2%), and ICICI Bank, Mahindra & Mahindra, and Bharti Airtel (all up 2%) were the top Sensex gainers.(Bloomberg file photo)
Ultratech Cement (up 4%), Laren & Toubro (up 2%), and ICICI Bank, Mahindra & Mahindra, and Bharti Airtel (all up 2%) were the top Sensex gainers.(Bloomberg file photo)

Sensex, Nifty hit record highs after RBI revises GDP forecast

Hindustan Times, New Delhi | By hindustantimes.com| Edited by: Meenakshi Ray
UPDATED ON DEC 04, 2020 11:34 AM IST
RBI governor Shaktikanta Das said India’s prospects have brightened with progress on Covid-19 vaccines, consumer confidence has turned positive and projected real GDP for the current financial year to contract just 7.5%.
At its October 7-9 meeting, the MPC kept the key lending rate unchanged at 4% and voted to maintain its accommodative policy stance during the current financial year, and into the next financial year.(REUTERS)
At its October 7-9 meeting, the MPC kept the key lending rate unchanged at 4% and voted to maintain its accommodative policy stance during the current financial year, and into the next financial year.(REUTERS)

MPC differs over growth trajectory

Hindustan Times, Mumbai | By Gopika Gopakumar
PUBLISHED ON OCT 24, 2020 06:02 AM IST
While Reserve Bank of India deputy governor Michael Patra and executive director Mridul K Saggar expressed worries that recovery will be slow if the economy continues to contract, governor Shaktikanta Das and Bhide were optimistic about a strong revival before the end of the fiscal.
The crux of RBI’s assessment is that while the worst is over, the economy is not out of the woods yet(REUTERS)
The crux of RBI’s assessment is that while the worst is over, the economy is not out of the woods yet(REUTERS)

The economy is still fragile | HT Editorial

Hindustan Times | By HT Correspondent
PUBLISHED ON OCT 12, 2020 06:22 AM IST
Financial sector stability and low demand remain key challenges
RBI Governor Shaktikanta Das(REUTERS)
RBI Governor Shaktikanta Das(REUTERS)

Top highlights from RBI’s Monetary Policy Committee meet

New Delhi | By Press Trust of India | Posted by Shankhyaneel Sarkar
UPDATED ON OCT 09, 2020 12:19 PM IST
MPC voted for keeping interest rate unchanged and continued with its accommodative stance to support growth.
The Reserve Bank of India (RBI).(Reuters)
The Reserve Bank of India (RBI).(Reuters)

RBI’s next monetary policy panel meeting from Oct 7-9

Mumbai, Maharashtra | By Press Trust of India | Posted by Shivani Kumar
UPDATED ON OCT 06, 2020 02:24 PM IST
On September 28, the RBI had postponed the meeting of the MPC, which must have a quorum of four, as the appointment of independent members was delayed.
File photo of RBI Governor Shaktikanta Das.(Reuters)
File photo of RBI Governor Shaktikanta Das.(Reuters)

‘Haven’t exhausted our ammunition in fight against Covid-19’: RBI Governor

Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON AUG 27, 2020 12:45 PM IST
Shaktikanta Das had held a three-day brainstorming session of the Monetary Policy Committee earlier this month after which the RBI opted for a status quo and left interest rates unchanged.
The fading rate cut hopes come even as the central bank is yet to show its hand on further bond purchases to help ease a record 12 trillion rupees supply in the fiscal year.(REUTERS)
The fading rate cut hopes come even as the central bank is yet to show its hand on further bond purchases to help ease a record 12 trillion rupees supply in the fiscal year.(REUTERS)

Bonds in India drop as RBI minutes push out rate cut wagers

Bloomberg | By Bloomberg| Posted by Susmita Pakrasi
PUBLISHED ON AUG 21, 2020 12:38 PM IST
The yield on the new 5.77% 2030 bond rose five basis points to 6%, after gaining 18 basis points in the previous two weeks.
RBI Governor Shaktikanta Das announced the repo rate after a meeting of the Monetary Policy Committee on Thursday.(ANI File Photo)
RBI Governor Shaktikanta Das announced the repo rate after a meeting of the Monetary Policy Committee on Thursday.(ANI File Photo)

Repo rate unchanged at 4%, surge in Covid-19 subdued early signs of revival: RBI governor Shaktikanta Das

Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON AUG 06, 2020 12:13 PM IST
The MPC has cumulatively cut the repo rate by 115 basis points over these two meetings, resulting in total policy rate reduction of 250 basis points since February 2019, with an aim to boost economic growth.
The MPC, meeting for the last time before the expiry of its four-year term, is mandated to strike a balance between growth and inflation, which stood at 6.09% in June.(Reuters file photo)
The MPC, meeting for the last time before the expiry of its four-year term, is mandated to strike a balance between growth and inflation, which stood at 6.09% in June.(Reuters file photo)

All eyes on RBI MPC’s stance on policy rates

Livemint, Mumbai | By Gopika Gopakumar
UPDATED ON AUG 06, 2020 05:07 AM IST
While most bankers and economists expect the MPC to keep the rates unchanged, preferring to keep its powder dry for future interventions, a surprise cut could indicate that the worst may not be over as far the economy is concerned.
Union Finance Minister Nirmala Sitharaman said there could be various models to achieve minimum four PSUs in case of those falling under the strategic sector.(PTI)
Union Finance Minister Nirmala Sitharaman said there could be various models to achieve minimum four PSUs in case of those falling under the strategic sector.(PTI)

Govt to come out with strategic sectors list soon: Nirmala Sitharaman

New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON AUG 01, 2020 04:40 PM IST
As part of the ‘Aatmanirbhar Bharat Abhiyan’ package, the finance minister in May had announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.
RBI Governor Shaktikanta Das during a media briefing in Mumbai.(ANI File Photo)
RBI Governor Shaktikanta Das during a media briefing in Mumbai.(ANI File Photo)

RBI likely to leave repo rate unchanged in August policy meet: Report

Mumbai | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON JUL 31, 2020 12:40 PM IST
The report states that people’s preferences of financial assets during lockdown and in subsequent months will give a fillip to the financial savings in the country.
Amid speculations about the reduction in rates for government savings schemes, fixed deposit comes across as a lucrative option for risk-averse investors seeking assured returns.(Bajaj Finserv)
Amid speculations about the reduction in rates for government savings schemes, fixed deposit comes across as a lucrative option for risk-averse investors seeking assured returns.(Bajaj Finserv)

Invest in FD now before interest rates fall

PUBLISHED ON FEB 26, 2020 06:00 PM IST
In 2019, investments by Indians in mutual funds dropped by a whopping 41%.
Even after a slew of repo rate cuts in 2019, company FDs still promise much in terms of wealth generation.(Bajaj Finserv)
Even after a slew of repo rate cuts in 2019, company FDs still promise much in terms of wealth generation.(Bajaj Finserv)

Invest in Bajaj Finance FD, amid falling interest rates

UPDATED ON FEB 17, 2020 01:20 PM IST
The benefit of investing in an FD now is that you can lock in at an attractive rate and earn returns steadily over a tenure of your choice.
Goods and Services Tax (GST) collections were above Rs 1 lakh crore for the second consecutive month in December. (Representative Image)(REUTERS)
Goods and Services Tax (GST) collections were above Rs 1 lakh crore for the second consecutive month in December. (Representative Image)(REUTERS)

Early data hints green shoots in Indian economy. Has it bottomed out?

New Delhi | By Roshan Kishore and Rajeev Jayaswal
UPDATED ON JAN 03, 2020 12:01 AM IST
RBI’s Monetary Policy Committee (MPC) in its December meeting expected GDP growth to start recovering in the second half of the current fiscal year.
The short answer to why inflation numbers show a divergent trend is food. Food and beverages have a share of 46% in the CPI basket. The spike in retail inflation is mainly because of a seasonal shock to food prices, especially vegetables(REUTERS)
The short answer to why inflation numbers show a divergent trend is food. Food and beverages have a share of 46% in the CPI basket. The spike in retail inflation is mainly because of a seasonal shock to food prices, especially vegetables(REUTERS)

Understanding India’s inflation trends | HT editorial

Hindustan Times | By HT Correspondent
UPDATED ON NOV 14, 2019 08:34 PM IST
The spike in retail inflation is due to food. The Reserve Bank of India must not use it to increase policy rates
Data from RBI shows that adjusted non-food bank credit to the commercial sector from banks was negative in the year to September 13(PTI)
Data from RBI shows that adjusted non-food bank credit to the commercial sector from banks was negative in the year to September 13(PTI)

Worrying signals for the economy | HT editorial

Hindustan Times | By HT Correspondent
UPDATED ON OCT 04, 2019 07:00 PM IST
A demand-side intervention, perhaps a tax cut, is in order
It also said that some RBI watchers expect a larger cut this week, after the central bank cut the repo rate by an unconventional 35 bps to 5.40% in August.(REUTERS FILE)
It also said that some RBI watchers expect a larger cut this week, after the central bank cut the repo rate by an unconventional 35 bps to 5.40% in August.(REUTERS FILE)

RBI cuts key lending rate by 25 basis points to 5.15%, loans to get cheaper

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON OCT 04, 2019 12:08 PM IST
RBI’s six-member Monetary Policy Committee (MPC) has announced the fourth bi-monthly policy for 2019-20 on Friday, after a three-day meeting.
RBI governor Shaktikanta Das said the central bank has revised GDP growth from 7.2% to 7% for the current financial year.(PTI)
RBI governor Shaktikanta Das said the central bank has revised GDP growth from 7.2% to 7% for the current financial year.(PTI)

RBI cuts rates to 9-year low in bid to spur growth

Hindustan Times, Mumbai | By Vivina Vishwanathan
UPDATED ON MAY 21, 2020 11:36 AM IST
The change in repo rate, the rate at which the central bank lends money to commercial banks, will lead to lower interest rates on new bank loans.
The RBI’s Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy decision later in the day.(HT File Photo/Representative Image)
The RBI’s Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy decision later in the day.(HT File Photo/Representative Image)

Rupee slips 19 paise to 69.45 against USD ahead of RBI policy outcome

Mumbai | By Press Trust of India
UPDATED ON JUN 06, 2019 10:54 AM IST
The rupee opened weak at 69.41 at the interbank forex market and then fell further to 69.45, down 19 paise over its last close.
The researchers matched the policy communication against financial market performance and found that longer and more complex statements were associated with greater volatility in stock market returns over the past 20 years.(REUTERS FILE)
The researchers matched the policy communication against financial market performance and found that longer and more complex statements were associated with greater volatility in stock market returns over the past 20 years.(REUTERS FILE)

From 13,000-word policy statements, RBI has become a lot clearer: Report

Bloomberg | By Ronojoy Mazumdar
UPDATED ON JUN 04, 2019 11:26 AM IST
RBI statements have averaged 3,084 words in the post-inflation targeting regime, still pretty high if compared to the Federal Reserve’s average of 500 words, the paper’s authors, Aakriti Mathur and Rajeswari Sengupta, say.
Mumbai...14th June 2011... News... Men at work at the vegetable market at Crawford on Tuesday. India's Wholesale Price Index (WPI) rose an annual 9.06 percent in May as the Government data shows - Photo by Kalpak Pathak(HT File Photo)
Mumbai...14th June 2011... News... Men at work at the vegetable market at Crawford on Tuesday. India's Wholesale Price Index (WPI) rose an annual 9.06 percent in May as the Government data shows - Photo by Kalpak Pathak(HT File Photo)

WPI inflation slips to 3.07% in April, food prices still high

New Delhi | By Press Trust of India
UPDATED ON MAY 14, 2019 03:11 PM IST
Vegetables inflation was at 40.65 per cent in April, up from 28.13 per cent in the previous month. Inflation in food articles basket was 7.37 per cent, up from 5.68 per cent in the previous month.
The Reserve Bank of India (RBI) announced its first policy of FY 20 on Thursday(REUTERS)
The Reserve Bank of India (RBI) announced its first policy of FY 20 on Thursday(REUTERS)

RBI rate cut: A stimulus for the economy

Hindustan Times | By HT Correspondent
UPDATED ON APR 05, 2019 09:29 AM IST
Whether or how effective it will be in achieving this objective is a question which cannot be answered right now. It also remains to be seen whether the central bank will continue to cut interest rates in the future.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will announce its resolution under the first bi-monthly monetary policy statement for 2019-20 on Thursday.(REUTERS)
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will announce its resolution under the first bi-monthly monetary policy statement for 2019-20 on Thursday.(REUTERS)

RBI cuts repo rate by 25 bps to 6 per cent, second in two months

Hindustan Times, Mumbai | By Vivina Vishwanathan
UPDATED ON APR 04, 2019 12:00 PM IST
The central bank cut in repo rate could translate into cheaper loans.
On Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank of India, which started its bimonthly meeting yesterday, will announce its decision on the policy rate(REUTERS)
On Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank of India, which started its bimonthly meeting yesterday, will announce its decision on the policy rate(REUTERS)

Will the RBI cut rates again?

Hindustan Times | By HT Correspondent
UPDATED ON APR 02, 2019 08:35 PM IST
A decelerating economy in the midst of elections can create problems for the incumbent political party
India’s central bank has traditionally been conservative. That conservatism means it usually back-ends rate cuts — waiting for the macro and micro to turn conducive before reducing rates rather than doing so in anticipation. This time, it has front-ended the rate cut.(Aniruddha Chowdhury/Mint)
India’s central bank has traditionally been conservative. That conservatism means it usually back-ends rate cuts — waiting for the macro and micro to turn conducive before reducing rates rather than doing so in anticipation. This time, it has front-ended the rate cut.(Aniruddha Chowdhury/Mint)

Rate cut: RBI’s growth gamble

Hindustan Times | By HT Correspondent
UPDATED ON FEB 08, 2019 02:42 PM IST
While welcome, the central bank’s move to cut its policy rate by 0.25 percentage point, is a gamble of sorts. Or actually, three gambles, a radical development for an organisation that rarely, if at all, takes chances.
India’s flower industry from farm to market as inflation risks mount.(Bloomberg)
India’s flower industry from farm to market as inflation risks mount.(Bloomberg)

Risks Reserve Bank of India can’t ignore in India’s low inflation spell

Bloomberg | By Vrishti Beniwal
UPDATED ON OCT 12, 2018 08:28 PM IST
The RBI expects inflation in the range of 3.9 percent to 4.5 percent in the second half of the fiscal year to March 2019, down from 4.8 percent projected earlier.
What happens in the future is important because the RBI’s decision on whether or not to hike rates is driven more by expectations of future inflation rather than present levels(Mint File Photo)
What happens in the future is important because the RBI’s decision on whether or not to hike rates is driven more by expectations of future inflation rather than present levels(Mint File Photo)

RBI faces tough call on interest rate, policy panel decision likely on Friday

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON OCT 04, 2018 02:40 PM IST
Oil prices are close to $85/barrel on Wednesday and the value of rupee touched 73 to the dollar for the first time. This spooked investors leading to a fall of 550 points in the Sensex.
Customers look at clothing displayed at a stall at Connaught Place in New Delhi.(Ruhani Kaur/Bloomberg)
Customers look at clothing displayed at a stall at Connaught Place in New Delhi.(Ruhani Kaur/Bloomberg)

Indian consumer sentiment rises in May: Report

Press Trust of India | By Press Trust of India
UPDATED ON JUN 01, 2018 06:13 PM IST
The Genesis India Consumer Indicator survey further noted that respondents’ views on current business conditions increased significantly for the second consecutive month to 38.41 from 33.87
In its first bi-monthly monetary policy for 2018-19, RBI left repo rate unchanged at 6%. The MPC maintained status quo for the fourth consecutive time since August last year.(Aniruddha Chowdhury/Mint)
In its first bi-monthly monetary policy for 2018-19, RBI left repo rate unchanged at 6%. The MPC maintained status quo for the fourth consecutive time since August last year.(Aniruddha Chowdhury/Mint)

RBI to hold rates in June monetary policy, maintain hawkish stance: UBS

Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON MAY 29, 2018 04:32 PM IST
The minutes of the April meeting had suggested that two of the six MPC members have already decided to vote in favour of a 25 bps hike in the June policy meet.
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