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People carrying bundles of vegetables during lockdown, in Azadpur Mandi in New Delhi.(Sanchit Khanna/HT Photo)

MPC hindered by rising inflation, growth dilemma

By Gopika Gopakumar | Mint, Mumbai
UPDATED ON DEC 19, 2020 06:15 AM IST
RBI governor Shaktikanta Das said that a premature tightening of the monetary and liquidity policies would jeopardise the nascent recovery, possibly referring to calls for a liquidity mop-up from certain quarters.
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Officials said they do not see inflation softening immediately as oil prices have jumped by over $7 a barrel in just one month.(Mint photo)
Officials said they do not see inflation softening immediately as oil prices have jumped by over $7 a barrel in just one month.(Mint photo)

MPC likely to hold policy rates as oil prices may spike inflation

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON DEC 04, 2020 09:55 AM IST
It appears that the immediate priority of the RBI is to tame inflation rather than to boost growth
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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

By Gopika Gopakumar | Hindustan Times, Mumbai
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.
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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

By HT Correspondent | Hindustan Times
PUBLISHED ON OCT 12, 2020 06:22 AM IST
Financial sector stability and low demand remain key challenges
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Reserve bank of India governor Shaktikanta Das announced the decisions of the newly formed Monetary Policy Committee. (File Photo)(REUTERS)
Reserve bank of India governor Shaktikanta Das announced the decisions of the newly formed Monetary Policy Committee. (File Photo)(REUTERS)

RBI Monetary Police: Real GDP likely to decline by 9.5 per cent in 2021, says RBI; keeps lending rates unchanged

By hindustantimes.com | Edited by Poulomi Ghosh | Hindustan Times, New Delhi
UPDATED ON OCT 09, 2020 03:10 PM IST
“The deep contraction of quarter one is behind us, the silver lining in visible,” the governor said while announcing the policy decisions of the Monetary Policy Committee.
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Economists said the government’s choice of external members showed the importance of financial markets in policy transmission.(Photo: Mint)
Economists said the government’s choice of external members showed the importance of financial markets in policy transmission.(Photo: Mint)

New-look MPC could maintain status quo

By Gopika Gopakumar and Shayan Ghosh | Livemint, New Delhi
UPDATED ON OCT 07, 2020 07:03 AM IST
The Reserve Bank of India’s reconstituted monetary policy committee (MPC) is expected to continue its accommodative stance when it meets for the first time this week to decide on key policy rates.
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RBI said the dates of the MPC’s meeting will be announced shortly.(Mint File Photo)
RBI said the dates of the MPC’s meeting will be announced shortly.(Mint File Photo)

RBI postpones MPC meeting as key posts remain vacant

By Gopika Gopakumar | Mint, Mumbai
PUBLISHED ON SEP 29, 2020 03:49 AM IST
The rescheduling comes at a time the strength of the six-member MPC is down to half, after the four-year tenure of its three external members ended in August.
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RBI governor Shaktikanta Das suggested giving it time for past interest rate cuts take effect.(ANI File Photo)
RBI governor Shaktikanta Das suggested giving it time for past interest rate cuts take effect.(ANI File Photo)

Inflation a major concern for MPC

By Gopika Gopakumar | Mint, Mumbai
UPDATED ON AUG 21, 2020 08:22 AM IST
India’s retail inflation accelerated to 6.93% in July from 6.23% in June, remaining above the MPC’s target range of 2-6%, while food inflation rose to 9.62%.
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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

By hindustantimes.com | Edited by: Amit Chaturvedi | Hindustan Times, New Delhi
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.
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File photo: RBI Governor Shaktikanta Das.(ANI)
File photo: RBI Governor Shaktikanta Das.(ANI)

RBI governor to announce key policy decision at 12 noon: All you need to know

By hindustantimes.com | Edited by Sparshita Saxena | Hindustan Times, New Delhi
UPDATED ON AUG 06, 2020 10:08 AM IST
Experts are of the view that the MPC is likely to keep the interest rates unchanged and that a cut would come as a surprise.
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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%.
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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.
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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

By HT Correspondent | Hindustan Times
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
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Anoushka Shankar had a minor planet named after her in 2017(Samir Jana/HT PHOTO)
Anoushka Shankar had a minor planet named after her in 2017(Samir Jana/HT PHOTO)

Anoushka claims she is the first Indian musician to get a planet named after her, not Pt Jasraj

By Radhika Bhirani | Hindustan Times, New Delhi
UPDATED ON OCT 05, 2019 02:19 PM IST
Sitar player and composer Anoushka Shankar says she was overwhelmed after a minor planet was named after her in 2017.
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On the demand side, while tenants who have been fortunate to get rent control apartments enjoy the benefits, many more low-income households find it hard to find affordable rental housing in the formal sector and have to live in slums(Hindustan Times)
On the demand side, while tenants who have been fortunate to get rent control apartments enjoy the benefits, many more low-income households find it hard to find affordable rental housing in the formal sector and have to live in slums(Hindustan Times)

Urban governance requires the Centre to initiate reforms

By Sahil Gandhi
UPDATED ON JUN 18, 2019 07:59 PM IST
The new government needs to be willing to undertake various policy priorities these for the sake of ensuring a smooth urban transition
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The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting is expected to cut interest rates by 25 basis points. This will follow the two 25 basis point rate cuts in the previous two MPC meetings of the RBI. A cut in the policy rate will be welcome but needs to see a much stronger transmission to interest rates in the economy.(REUTERS)
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting is expected to cut interest rates by 25 basis points. This will follow the two 25 basis point rate cuts in the previous two MPC meetings of the RBI. A cut in the policy rate will be welcome but needs to see a much stronger transmission to interest rates in the economy.(REUTERS)

RBI needs to work on improving monetary policy transmission

By Ila Patnaik
UPDATED ON JUN 06, 2019 08:55 AM IST
The work on this needs to be started now so that its benefits can be reaped after a three- to five-year period.
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Liquidity in the banking system and credit growth will have a role to play for the interest rate on loans.(Getty Images/representative image)
Liquidity in the banking system and credit growth will have a role to play for the interest rate on loans.(Getty Images/representative image)

Your EMIs can go down marginally

By HT Correspondent | Hindustan Times, Mumbai
UPDATED ON JUN 04, 2019 12:27 PM IST
The slowing economy and lower inflation and indication of a rate cut means your loans are set to get cheaper.
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The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai October 29, 2013. Image for representation.(REUTERS FILE PHOTO)
The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai October 29, 2013. Image for representation.(REUTERS FILE PHOTO)

RBI cuts interest rate second time this year

By Vivina Vishwanathan | Hindustan Times, Mumbai
UPDATED ON APR 04, 2019 10:41 PM IST
RBI’s monetary policy committee (MPC) reduced the repo rate at which it lends short-term money to commercial banks, to 6% from 6.25%.
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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

By HT Correspondent | Hindustan Times
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.
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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 cuts repo rate by 25 bps for second time in 2019; loans may get cheaper

By Vivina Vishwanathan | Hindustan Times, Mumbai
UPDATED ON APR 04, 2019 01:33 PM IST
The key benchmark rate at 6% and the MPC has maintain the neutral monetary policy stance
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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?

By HT Correspondent | Hindustan Times
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
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Workers and customers look through the goods at a wholesale food grain and commodities shop in the Agricultural Product Marketing Committee (APMC) Yard in Bangalore.(AFP file photo)
Workers and customers look through the goods at a wholesale food grain and commodities shop in the Agricultural Product Marketing Committee (APMC) Yard in Bangalore.(AFP file photo)

Retail inflation eases to 2.05% in January, factory output improves

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON FEB 12, 2019 06:04 PM IST
Retail inflation declined from 2.19 per cent in December last year to 2.05 per cent in January this year, according to the data released by the Central Statistics Office (CSO) on Tuesday.
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The Reserve Bank of India headquarters in Fort, Mumbai.(Mint File)
The Reserve Bank of India headquarters in Fort, Mumbai.(Mint File)

RBI autonomy in focus after a tumultuous year

By Vivina Vishwanathan | New Delhi
UPDATED ON DEC 31, 2018 10:11 AM IST
At the heart of the discord was the issue of the autonomy that RBI has tried to jealously protect in the face of attempted encroachments by the government on its turf .
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The Reserve Bank of India (RBI) Governor Urjit Patel attends a news conference in Mumbai, December 6, 2017. REUTERS/Shailesh Andrade/Files(Reuters File Photo)
The Reserve Bank of India (RBI) Governor Urjit Patel attends a news conference in Mumbai, December 6, 2017. REUTERS/Shailesh Andrade/Files(Reuters File Photo)

Will be vigilant on inflation, risks to growth, says RBI governor Urjit Patel

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUN 06, 2018 04:27 PM IST
“Underlying the MPC decision was the fact that headline inflation has been sharper than anticipated, and has remained above the 4% target for six consecutive months,” Patel said.
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While most economists in the latest Reuters poll expect the repo rate to remain at 6.00% on Wednesday, a majority forecast the RBI to raise it by 25 basis points to 6.25% in August.(Ramesh Pathania/Mint)
While most economists in the latest Reuters poll expect the repo rate to remain at 6.00% on Wednesday, a majority forecast the RBI to raise it by 25 basis points to 6.25% in August.(Ramesh Pathania/Mint)

RBI to hold rates, but June hike now close call: Poll

By Reuters | Reuters, Bengaluru
UPDATED ON JUN 05, 2018 02:37 PM IST
Economists feel the RBI may use the ongoing June monetary policy meeting to shift its policy communication to an explicit tightening bias away from the neutral bias it has held since February last year.
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“The performance of the service sector was disappointing in May, as output dipped into contraction for the first time in three months,” said Aashna Dodhia, economist at IHS Markit, and author of Nikkei India Services Business Activity report.(Anindito Mukherjee/Bloomberg)
“The performance of the service sector was disappointing in May, as output dipped into contraction for the first time in three months,” said Aashna Dodhia, economist at IHS Markit, and author of Nikkei India Services Business Activity report.(Anindito Mukherjee/Bloomberg)

Service sector activity falls to 3-month low in May: PMI

By Press Trust of India | Press Trust of India
UPDATED ON JUN 05, 2018 12:17 PM IST
The seasonally adjusted Nikkei India Services Business Activity Index fell to 49.6 in May from 51.4 in April, indicating a marginal contraction in business activity, following a two-month period of growth.
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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

By Press Trust of India | 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
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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

By Press Trust of India | Press Trust of India, Mumbai
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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“My sense is that interest rates have firmed up enough. I don’t think that they should increase further,” economic affairs secretary Subhash Chandra Garg told PTI in an interview.(Mohd Zakir/HT PHOTO)
“My sense is that interest rates have firmed up enough. I don’t think that they should increase further,” economic affairs secretary Subhash Chandra Garg told PTI in an interview.(Mohd Zakir/HT PHOTO)

Interest rates unlikely to go up further, says Subhash Chandra Garg

By Press Trust of India | Press Trust of India
UPDATED ON MAY 03, 2018 03:28 PM IST
As per the minutes of the monetary policy committee meeting of April, RBI deputy governor Viral Acharya favoured withdrawal of monetary accommodation in the next policy review meeting on June 4-5.
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A customer hands over cash to a food grain merchant at a wholesale trading shop in Bangalore on February 28, 2017.(AFP File Photo)
A customer hands over cash to a food grain merchant at a wholesale trading shop in Bangalore on February 28, 2017.(AFP File Photo)

India’s average GDP growth to rise to 7.8% in first half of this yr: Report

By Press Trust of India | Press Trust of India, New Delhi
UPDATED ON APR 25, 2018 01:26 PM IST
According to the Japanese financial services major Nomura, investment and consumption demand are the main drivers for India’s growth, amid worsening net exports.
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