RBI sets tone for potential rate cut
Retains repo rate at 6.5 per cent | GDP projected to grow at 7.2 per cent. Key Points
The TribuneRBI MPC: Home loan borrowers get no relief with unchanged repo rate
RBI Monetary Policy 2024-25: The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5%. Key Points
India TodayRBI MPC meet FY25: repo rate to be same at 6.5%, say brokerages, banks
Foreign brokerages, Goldman Sachs and Morgan Stanley, have stated that the MPC may keep the repo rate on hold in the first half of the fiscal. They have predicted the first rate cut in the July-September quarter. Key Points
Business TodayRBI Policy Rate: No tango with repo, yet RBI moves ease rates
The Reserve Bank of India (RBI) has indirectly eased policy rates through consistent liquidity injections, leading to a decline in the weighted average call rate (WACR) towards the benchmark repo rate. This trend reflects increased confidence in liquidity management strategies, supported by government spending and proactive RBI operations. Analysts suggest a shift towards containing inflation while maintaining stable borrowing costs. Key Points
Economic TimesRBI's repo sees strong demand, traders eye more cash infusion in Q4
Shortage of funds will only get exaggerated in the last quarter (of the fiscal year), which ideally also sees the strongest credit growth, a senior treasury official at a private bank said. We expect frequency of such repos to increase. Key Points
Economic Times
RBI MPC: Governor Shaktikanta Das keeps repo rate unchanged at 6.5% for fifth consecutive time
RBI monetary policy meeting: Governor Shaktikanta Das announced the MPC decision to keep repo rate unchanged at 6.5 per cent for the fifth consecutive time. Key Points
Business TodayRBI unlikely to cut rates before June: Deutsche Bank
The RBI hiked the repo rate last on February 23, when it was raised to 6.5 per cent. With the RBI continuing to maintain tight liquidity, short-term rates are hovering around 6.85-6.9 per cent, which is 35-40 bps higher than the repo rate. Key Points
Economic TimesFederal Bank offers 8.15% FD interest rate on 400 days tenure to these investors
Federal Bank has introduced exceptional deposit interest rates. Special rates are available for 400 days, with the highest rate available being 8.15%. Key Points
Economic TimesMPC meet: No impact on EMIs as RBI keeps repo rate unchanged at 6.5%
India Business News: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the third time in a row. The decision was unanimous, according to RBI Chi Key Points
Times Of IndiaMPC to opt for pause
At its meeting on June 8, the Reserve Bank of India's (RBI) monetary policy committee (MPC) will likely vote to keep its benchmark repo rate unchanged at 6.50%, 14 economists polled by FE said. Key Points
Financialexpress
Monetary policy: Thelanguage used could act like a tool in itself
The RBI surprised the market with a 'no change' in both repo rate and stance, leading to a significant decline in bond yields. The language used by the RBI in its commentary conveyed the feeling that the rate hike cycle has ended, but the decision holds for the present meeting only, keeping open the doors to invoke hikes in future if warranted. The messaging has been quite direct of being 'watchful'. Language is more powerful than policy action as it becomes predictable. Key Points
mintEconomists expect prolonged rate pause
The central bank’s monetary policy committee (MPC) opted to hold the repo rate at 6.5% following six consecutive hikes since May last year, citing the need to evaluate the effects of the past increases. Key Points
mintRBI pauses repo rate hike, but why it's just a breather for customers
The Reserve Bank of India has surprised experts by not increasing its key lending rate. Though this comes as a breather for customers who have seen their monthly instalments and bank loan tenures go up after the six hikes in the repo rates, a hike in the key lending rate could come soon, believe experts. Key Points
India TodayRBI policy: Monetary policy committee keeps repo rate unchanged at 6.50%
The RBI's Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 6.50 per cent, governor Shaktikanta Das said. Key Points
The Indian ExpressRealtors' body urges RBI to halt repo rate hikes
The central bank last raised the rates in February, making loans expensive. This has resulted in added financial burden and burgeoning costs for the sector that has linkages with more than 260 ancillary industries. Housing loans interest rates also now hover around 9% from a record low of 6.6% a year ago. Affordable housing, which is more sensitive to interest rates, has already started slowing down. Key Points
Economic Times
Realty developers urge RBI for no further repo rate hike on rising cost stress
Through six successive hikes since May, the central bank has raised policy rates by cumulative 250 basis points taking the repo rate to 6.5%. It had hiked the rates last February making loans expensive. Key Points
Economic TimesEconomic basics suggest RBI’s 6.5% policy rate is apt
A good look at the impact of monetary policy on credit and GDP growth would argue against easing. One need not be a monetarist to agree that price stability should remain the central bank’s priority. Key Points
mintOne Last Time: Is RBI MPC setting the stage for rate cuts soon?
RBI MPC October Meeting: The Reserve Bank of India shifts to a neutral stance while maintaining the repo rate at 6.5%. Experts anticipate a possible rate cut in December. The focus remains on controlling inflation and supporting growth amidst resilient economic conditions. Key decisions also include updates on GDP, inflation, and financial regulations. Key Points
Economic TimesRBI Monetary Policy Committee Meeting from April 3: Check time and what to expect on repo rate
RBI Monetary Policy April: The meeting is scheduled to start at 10 am on Wednesday. The RBI will announce the review of the policy on April 5, i.e. Friday. Key Points
Business TodayHigher Bank FD interest rates may fall by 50 bps or more in 2024; You have this much time to invest
FD investors have rejoicing the current high interest rate which rose significantly in 2022 and 2023 however 2024 see a reversal of interest rate cycle and experts feel that there may be a repo rate cut by 0.5% or more. This means you have only a small window to book fixed deposits at current higher interest rates. Key Points
Economic Times
What does RBI’s MPC meet outcome spell for banking and housing loan sectors?
Favourable economic indicators and a steady interest rate environment have the potential to draw investments into the banking sector, fostering additional growth and advancement. With the anticipation of interest rates remaining stable, heightened interest is expected in the housing loan sector. Key Points
mintRBI keeps repo rate unchanged at 6.5%
India Business News: The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5% for the fourth consecutive time. The RBI governor, Shaktikanta Das Key Points
Times Of IndiaRBI Monetary Policy Highlights: MPC Keeps repo Rate Unchanged, Ready To Act When Needed
India's Monetary Policy Committee keeps the benchmark repo rate unchanged at 6.5% in a unanimous decision. Key Points
BQ PrimeWith crises behind, will RBI dust off the liquidity framework?
Since the last MPC meeting in February, global financial markets have come full circle. Traders' bets have swung like a pendulum - from monetary easing to overcome an economic recession, to tightening to fight against inflation, and finally to easing for the sake of financial stability. All of that occurred in a matter of four months. Key Points
Economic TimesRBI MPC Meet: Will RBI to keep repo rate unchanged at 6.50%? 5 points to note
The current repo rate is 6.50%, which was last updated on February 8, 2023. Since then the RBI decided to keep the rate unchanged. The last time the repo rate was changed from 6.25% to 6.50% in February 2023. Key Points
Business Today
RBI MPC Policy: Interest cycle has peaked, RBI unlikely to cut rates before June 2024, says Deutsche Bank
According to the report by Deutsche Bank, the interest rate cycle appears to have peaked and the Reserve Bank of India is unlikely to go for further hikes, unless absolutely necessary. The rate is likely to be cut in June, it said. Key Points
mintBanks flag high overnight rates, liquidity terms
Indian banks have urged the Reserve Bank of India (RBI) to find a more even-handed way to distribute liquidity and narrow the gap between overnight rates and the benchmark policy rate. Due to 24/7 banking, banks have held on to cash at the RBI's Standing Deposit Facility (SDF), increasing the call rate in the call money market, where banks can make overnight financing arrangements. For around a month, the weighted average call rate (WACR) has been around 25 basis points higher than the benchmark policy repo rate, which is currently at 6.50%. The WACR peaked at 6.78% on 15 June. Key Points
Economic TimesRBI has food for thought but likely to keep rate pause
The MPC, which will detail its next policy statement at the end of its three-day meeting on December 8, is seen keeping the repo rate unchanged at 6.50% while retaining its stance of withdrawal of accommodation, an ET poll of 10 economists showed. After raising the repo rate by 250 basis points (2.5 percentage points) from May 2022 to February 2023, the committee has maintained a pause on the benchmark rate, which is the rate at which the RBI lends to banks. Key Points
Economic TimesGood news for homebuyers as RBI keeps repo rate unchanged
Many believed that this will be the last repo rate hike. However, the RBI pressed the pause button on interest rate hikes, giving some relief to homebuyers. Key Points
FinancialexpressSurprise Dissent! Who's the new rebel in RBI's monetary policy team?
The RBI appointed three new external members to its monetary policy committee, who influenced the shift to a 'neutral' stance on growth, despite differing views on the 6.5% repo rate. Nagesh Kumar emerged as a new dissenter advocating for a rate cut. Key Points
Economic Times
RBI keeps repo rate unchanged at 6.5%, remains focused on tackling inflation
The decision to maintain the key repo rate at 6.5 percent marks the fifth instance when the 6-member Monetary Policy Committee (MPC) has opted to keep the interest rates unchanged. Key Points
India TodayFD investors: Final call to book fixed deposits at high interest rates? All eyes on RBI MPC meeting on Feb
Fixed deposit interest rate: The Reserve Bank of India (RBI) will announce the decisions of the central banks Monetary Policy Committee (MPC) on February 8, 2024. The central bank is likely to hold the repo rate again in the upcoming monetary policy review, experts say. But this stance may not continue for too long. How does the decision of the RBI MPC impact the investors, especially fixed deposit (FD) customers? Key Points
Economic TimesAmid inflation concerns, RBI likely to leave interest rate unchanged
Reserve Bank Governor Shaktikanta Das will announce the next set of monetary policy on Friday morning amid expectations of a status quo on the benchmark... Key Points
The Tribune IndiaRBI to remain cautious on inflation, keep the repo rate unchanged at 6.5% in December, says Barclays
India's Q3 GDP growth rate of 7.6% surpasses expectations and projections, but RBI is expected to maintain a hawkish stance on repo rate in December. Key Points
mintRBI’s status quo on repo Rate likely to support low income, affordable housing
Through six successive hikes since May, the central bank had raised policy rates by a cumulative 250 basis points taking the repo rate to 6.5%. It had hiked the rates last February making loans expensive. Key Points
Economic Times
Higher inflation was tolerated to protect growth because of past shocks, says Ashima Goyal
Higher inflation was tolerated only to protect growth because of the major shocks of the past few years. An inflation targeting regime where the nominal repo rate responds to expected inflation to ensure appropriate real repo rates is adequate to credibly anchor inflation expectations. An appropriate real repo rate is required, not a 'high nominal repo rate'. Key Points
Economic TimesRBI monetary policy outcome: Date, time and other details you need to know
Market watchers predict that the committee will continue to keep the repo rate at its current 6.5% despite growing inflation pressures. Key Points
Business Todayrepo rate likely to be on hold, cuts expected in early 2024: Morgan Stanley
The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate -- the repo rate -- unchanged at 6.5 per cent, to assess the effects of the policy rate tightening done so far. Key Points
FinancialexpressRBI MPC announcements on April 5: FD investors likely to get more time to book fixed deposits at current h
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 for this week. 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 Key Points
Economic TimesBanks likely to pump MCLR pricing by 100-150 bps in FY24 as funds gap widens: Report
The report notes that banks have drawdown Rs 5 lakh crore from the reverse repo window in FY23, which has enabled them to address a surge in the gap between incremental credit and deposits, but this will not be available in FY24. Therefore, MCLR will show a significant rise, the report noted. Key Points
Economic Times
Impact of unchanged repo rate: What's ahead for homebuyers, fixed deposit investors, debt mutual funds and real estate sector?
On April 6, 2023, the Reserve Bank of India (RBI) held its bimonthly monetary policy meeting and chose to leave the repo rate at 6.5%. Key Points
mintRBI 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 Key Points
Economic TimesRBI to retain benchmark rate at 6.5% at ensuing monetary policy review meeting: Experts
Experts predict that the Reserve Bank of India (RBI) will maintain the benchmark interest rate at 6.5% in its upcoming monetary policy review. Factors Key Points
Times Of IndiaRBI MPC meet in August: RBI keeps repo rate unchanged at 6.50% third time in a row
Governor Shaktikanta Das said the MPC unanimously voted to leave the repo rate unchanged at 6.5 per cent this time. Key Points
Business TodayRBI monetary policy: Gov Shaktikanta Das expected to hold rates at 6.50%; what experts say
RBI MPC announcements: Governor Shaktikanta Das is expected to retain rates at 6.50 per cent, while maintaining the stance of withdrawal of accommodation. Key Points
Business Today
Will tomato prices push RBI to hike rates? Check old footprints of onion & potato
While tomato prices increase almost every June-July, potato prices increase after every two years and onion prices rise after every 2.5 years. Given the seasonal nature of price shocks and the fact that these spikes fizzle out within a few months, the RBI has mostly refrained from making its decision while looking at the vegetable basket. Key Points
Economic TimesRBI leaves door open for rate hikes
The Reserve Bank of India (RBI) on Thursday said further rate hikes were not off the table going ahead even as the repo rate was left unchanged at 6.50% for now. Key Points
FinancialexpressRBI must pause repo rate hike, more hikes will hit housing demand, real estate sector, says CREDAI
CREDAI stated that another hike by the RBI will lead to even higher borrowing costs for developers. This would further lead to even higher costs of projects and housing prices will rise too, with the prices already increasing by 5-6 per cent in the last one year. Key Points
FinancialexpressSharp rise in MCLR to intensify policy transmission next fiscal
The report notes that banks have drawdown Rs 5 lakh crore from the reverse repo window in FY23, which has enabled them to address a surge in the gap between incremental credit and deposits, but this will not be available in FY24. Therefore, MCLR will show a significant rise, the report noted. Key Points
Economic TimesRBI holds repo rate: The time to rejig your FD investments starts now
The repo rate hike cycle has finally paused, however unless inflation is tamed the likelihood of another rate hike in near future can not be ruled out. FD investors are much better placed now than a year before however the FD rate hikes have largely been limited to small to medium term tenure. As the full transmission may take some time this may be the right time to rejig your FD investments. Key Points
Economic Times
RBI monetary policy: This is how Nifty may perform after the central bank announces its decision
Nifty is performing positively ahead of the RBI's monetary policy, with expectations that it may soon surpass its all-time high of 18,887.60. Majority of experts believe RBI may choose to keep repo rate unchanged for second consecutive policy. Key Points
mintCPI inflation projected at 5.4% for FY24, says RBI Governor Shaktikanta Das
Meanwhile, the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 6.5 per cent. Key Points
Business TodayFirms say easing inflation could spur demand
This is the second time in a row that the central bank is holding its key repo rate at 6.5%, providing much-needed relief to consumers and firms. Key Points
FinancialexpressRBI MPC Meeting: Reserve Bank keeps repo rate unchanged at 6.5%
RBI MPC Meeting June 2023: RBI Governor Shaktikanta Das said that the Monetary Policy Committee (MPC) has unanimously decided to keep the policy repo rate unchanged at 6.50 per cent. Key Points
The Indian ExpressRBI draining liquidity signals its intent to quash inflation
RBI said Tuesday it will drain 750 billion rupees ($9.1 billion) from the banking system via a reverse repo auction. Key Points
Financialexpress
RBI MPC meeting 2024: What to expect from the Central Bank on Feb 8? Here's what experts said
RBI MPC meeting: The RBI MPC has maintained the repo rate at 6.5 per cent for five consecutive times till December 2023. The benchmark interest rate was last hiked in February 2023, when it was raised from 6.25 per cent to the present 6.5 per cent. Key Points
Business TodayExpect RBI to again pause repo rate in February policy meeting: SBI Research
New Delhi [India], February 5 (ANI): The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is expected to again put a pause on the repo rate, according to SBI Research. In its December meeting, the RBI unanimously decided to keep the policy repo rate unchanged at 6.5 per […] Key Points
ThePrintWill home loan EMIs fall as RBI holds repo rates? Do this now to ease burden of EBLR, MCLR, base rate and
Home loans borrowers have been paying a significantly higher EMIs than what they paying 2 years ago due to RBI repo rate hike of 2.5%. As the global inflation cools down the sign of a reversal of interest rate cycle are getting stronger. So when will home loan borrower see their EMIs falling? We tell you how you should make the best of the any rate cut in future. Key Points
Economic TimesRBI maintains status quo in policy rate for 5th time now
Mumbai (Maharashtra) [India], December 8 (ANI): The Monetary Policy Committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight time. Deliberating the policy statement on Friday morning, RBI Governor Shaktikanta Das […] Key Points
ThePrintNBFCs overtake bank stocks in FY24. Here’s why
Non-Banking Financial Companies (NBFCs) have seen increased optimism in their stocks due to expectations of interest rate cuts and peaking government bond yields. NBFCs, which rely on bank borrowings and non-convertible debentures (NCDs), benefit from a changing rate environment, especially those with a higher share of floating rates. The recent decline in government bond yields indicates market expectations of a dovish stance by the RBI. Additionally, the competition in the wholesale borrowing market is expected to ease after the HDFC Bank and HDFC Ltd merger. However, factors such as credit growth and asset quality also need to be considered when evaluating the sector. Key Points
Economic Times
Axis Bank sees final rate hike in April
The RBI has raised its benchmark repo rate cumulatively by 250 basis points to 6.50% since the beginning of the rate hike cycle in May 2022. Key Points
FinancialexpressWhy RBI made a surprise pitstop in rate hike cycle
After raising interest rate by a cumulative 250 basis points in 11 months, the Reserve Bank of India (RBI) on Thursday unexpectedly kept the benchmark rate unchanged. Let us understand why RBI made a surprise pitstop in the rate hike cycle. Key Points
India TodayHome sales to stay on growth path as RBI holds repo rate
The Reserve Bank of India's decision to maintain the repo rate at 6.5% for the second time is expected to help the real estate market sustain its growth momentum in residential sales, particularly in the affordable, low- and mid-income housing segments. Housing loan rates have increased to around 9%, and the consecutive rate hikes by the central bank since May 2018 have resulted in cost inflation for the sector with linkages to 260 ancillary industries. Key Points
Economic TimesFinal rate hike in upcoming monetary policy? RBI may raise repo rate by 25 bps
Due to inflationary pressure, since May last year, RBI has hiked the repo rate six times in a row -- taking the total hike to 250 bps. The repo rate has shifted from 4% to a four-year high of 6.50%. Key Points
mintIndian stocks start fresh week on a muted note
New Delhi [India], February 5 (ANI): Indian stock indices kicked off a fresh week on a muted note. On Friday, it rose over 500 points after the central government as part of its Budget showed intent that it was aiming for fiscal consolidation even as the General elections are around the corner. At the opening […] Key Points
ThePrint
India's banking system faces record liquidity deficit
The deficit widened to 3.34 trillion rupees ($40.18 billion) as on Jan. 23, nearly tripling from the start of the month, data from the Reserve Bank of India (RBI) showed. Key Points
ThePrintIndian banks' liquidity deficit at near 8-year high
The Indian banking system is grappling with a widening liquidity deficit, prompting the Reserve Bank of India (RBI) to conduct a seven-day variable rate repo (VRR) auction, injecting Rs 1 lakh crore into the market. Another VRR auction is anticipated, given liquidity constraints due to advance tax payments and goods and service taxes. Key Points
Economic TimesRBI to hold rates at 6.50% through mid-2024, cut seen in Q3: Reuters poll
The Reserve Bank of India (RBI) will keep its key interest rate unchanged at 6.50% for a fifth consecutive meeting on Dec. 8 as inflation worries ebb, according to a Reuters poll of economists who unanimously expect the central bank's next move to be a cut. Key Points
ReutersMPC ready to take steps to align inflation to RBI's 4% target: Das
The Reserve Bank of India (RBI) has decided to maintain its current interest rates, with the repo rate remaining at 6.5%. The decision comes as the ec Key Points
Times Of IndiaRBI Policy: Brokerages see continued pause, this is when they expect the first rate cut
The Reserve Bank of India's monetary policy committee kept the repo rate unchanged at 6.5%, with brokerages predicting a continued pause in policy rate cuts to assess the impact of tightening measures. Key Points
mint
RBI MPC to go for another 25 bps repo rate hike to tame inflation before hitting pause button
So far, the RBI has raised repo rate six times including an off-cycle increase of 40 basis points in May last year. The decision of the six-member panel will be announced by RBI Governor Shaktikanta Das on April 6. Key Points
FinancialexpressRBI's rate pause boosts real estate, inflation concerns linger: Experts
Kolkata, Dec 8 (PTI) Experts from the real estate sector have praised the Reserve Bank of India’s decision to keep lending rates steady, highlighting its positive impact on demand and affordability. However, some concerns remain regarding potential inflationary pressures in the coming months, experts said. Samantak Das, Chief Economist and Head of Research and REIS […] Key Points
ThePrintMPC meeting: RBI may hit rate pause button again this week
According to an ET poll with 16 respondents, the six-member rate-setting panel is seen maintaining the benchmark policy repo rate at 6.50% during the June 6-8 meeting, marking the second consecutive instance of it holding off on policy tightening. The respondents were unanimous in their expectation. Key Points
Economic TimesRBI could announce another repo rate hike on April 6 to manage inflation
The Reserve Bank of India is expected to announce a rate hike on April 6, following a review of its monetary policy. The central bank has raised the repo rate, the rate at which it lends to banks, by a cumulative 250 basis points since May 2022, and Thursday's announcement could be the second hike of the calendar year. Key Points
Economic TimesIndia can move in direction of providing guidance on liquidity, says MPC’s Ashima Goyal
Indian policymakers can follow the US Federal Reserve's guidance on liquidity conditions to mitigate market shocks, according to Ashima Goyal, a member of the Monetary Policy Committee. The US Fed Committee provides guidance on liquidity, which is crucial in many inflation targeting countries. India can also move in this direction as markets mature and deepen, making shocks less impactful. Key Points
Economic TimesRBI to announce monetary policy today, another pause in repo rate most likely
New Delhi [India], December 8 (ANI): Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo. […] Key Points
ThePrint