Takeaways from RBI MPC meet: Das & Co suggest there's more than the status quo
The Reserve Bank of India's Monetary Policy Committee has decided to keep the repo rate unchanged at 6.5% for the fourth consecutive time. The central bank also maintained its inflation forecast for the fiscal year at 5.4%. Despite uncertainties in the agriculture sector and volatile global food and energy prices, the MPC remains focused on withdrawing accommodation. The GDP forecast for FY24 is unchanged at 6.5%, with projections of 6.5% for Q2, 6% for Q3, and 5.7% for Q4. The panel also increased the limit for gold loans under the Bullet Repayment scheme. Key Points
Economic TimesRupee's upside momentum faces US inflation, RBI test
The Indian Rupee is expected to open mostly unchanged on Tuesday, with investors awaiting U.S. inflation data for possible cues on when the Federal Reserve might begin interest rate cuts. Key Points
Business Today‘First rate cut on table from June’: SBI says RBI MPC to continue policy stance for now
The MPC had also left the policy stance unchanged with focus on withdrawal of accommodation in December. The latest SBI report said that the stance should continue to be withdrawal of accommodation. Key Points
Business 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 ExpressRBI 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 Today
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 TodayRBI 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 TodayMPC meeting: RBI leaves policy rates unchanged, maintains status quo on stance as inflation fight continue
The Reserve Bank of India's rate-setting panel has opted to keep the benchmark lending rate unchanged at 6.5 per cent, Governor Das announced on Thursday. News agency Reuters polled 64 economists, all of whom expected no change. Key Points
Economic TimesRBI forecasts retail inflation at 5.4% for 2023-24: Governor Das
RBI governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 6.5 per cent. Key Points
Hindustan TimesRBI 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 Express
Markets hold on to early gains after RBI monetary policy decision
Interest rate-sensitive bank, realty and auto stocks trading with gains. Benchmark equity indices jumped in late morning trade on Friday, extending their rally... Key Points
The Tribune IndiaRBI flags inflation risks, keeps repo rate unchanged at 6.5 per cent
The rate increase cycle was paused in April last year after six consecutive rate hikes. The Reserve Bank of India on Friday decided to keep policy rate unchanged... Key Points
The Tribune IndiaGlobal stocks steady before busy week, China skips rate cut
By Harry Robertson and Wayne Cole LONDON/SYDNEY (Reuters) -Global stocks held steady on Monday, with U.S. markets closed for a holiday, while Chinese equities fell slightly after the country's central Key Points
ThePrintSiemens Healthineers posts forecast beating Q4 results
Siemens Healthineers (SHLG.DE) on Wednesday posted better than expected fourth-quarter results helped by its cancer care unit and proposed an unchanged dividend for its fiscal year 2023. Key Points
ReutersRBI Policy: Repo rate left unchanged at 6.50%, but D-Street hit by incremental CRR on banks
While the policy stance was on the expected lines, the RBIs decision to impose an incremental Cash Reserve Ratio (CRR) of 10% of NDTL on banks dampened Dalal Streets mood. The incremental CRR has been imposed for May 19-July 28 period, and the RBI will review the same on September 8, Das said, adding that the move is “purely” a temporary measure. Key Points
Economic Times
RBI keeps key repo rate unchanged at 6.5%, expects robust growth but inflation above 4% target
Repo rate was raised by 250 basis points between May 2022 and February 2023. Robust growth to provide space for monetary policy to remain focused on bringing inflation down to 4% target. Key Points
ThePrintChina central bank leaves medium-term policy rate unchanged as expected
The People's Bank of China (PBOC) said it was keeping the rate on 500 billion yuan ($69.51 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation. 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 IndiaRBI to allow non-bank companies to issue e-RUPI vouchers, says Governor Shaktikanta Das
Reserve Bank of India Governor Shaktikanta Das announced that now non-bank companies can also issue e-RUPI vouchers. Besides, the RBI also decided to allow the issuance of RuPay Prepaid Forex cards by banks in India. Key Points
mintRBI Monetary Policy Live: RBI to announce monetary policy today, likely to hold repo rate at 6.5%
The Reserve Bank of India (RBI) is set to announce its monetary policy decision later today after the three-day meeting of its rate-setting panel, Monetary Policy Committee (MPC), headed by Governor Shaktikanta Das. The central bank is largely expected to keep repo rate unchanged at 6.5%. Key Points
mint
On the road to disinflation, the last mile is the hardest
Five out of six committee members on Thursday voted to keep the policy repurchase rate unchanged at 6.5%, and stance unchanged at withdrawal of accommodation. Key Points
mintMPC 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
FinancialexpressRBI maintains status quo for 8th time in a row; repo rate unchanged at 6.5 per cent
The repo rate increase cycle was paused in April last year after six consecutive rate hikes. The Reserve Bank of India on Friday decided to keep the policy... Key Points
The Tribune IndiaRBI 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 TodayGovt keeps interest rates on small savings schemes unchanged for Q1 FY25; Check rates for NSC, Sukanya Samriddhi, others
The interest rates for popular PPF and savings deposits too have been retained at 7.1 per cent and 4 per cent, respectively. The interest rate on the Kisan Vikas Patra will be 7.5 per cent, and the investments will mature in 115 months. Key Points
mint
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
mintNifty crosses 21,000 for 1st time as RBI keeps repo rate unchanged
The Nifty 50 rose to an all-time high of 21,006.10 soon after Reserve Bank of India Governor Shaktikanta Das announced that the central bank’s Monetary Policy Committee decided to keep the repo rate unchanged at 6.5 per cent. Key Points
India TodayIndian shares set to rise as Fed triggers rise in global stocks
Indian shares are set to open higher on Thursday, tracking a rise in global stocks after the U.S. Federal Reserve kept rates unchanged and Chair Jerome Powell hedged on the possible end of the rate hiking cycle. Key Points
ReutersUS consumer spending in July surges; weekly jobless claims fall
U.S. consumer spending in July increased by 0.8%, exceeding economists' forecast of 0.7%. However, slowing inflation has led to expectations that the Federal Reserve will keep interest rates unchanged next month. The economy grew at a rate of 2.1% in the second quarter, largely due to consumer spending. Despite a cooling labor market, job openings remain low and employers are retaining workers. Key Points
Economic TimesFederal Reserve still sees significant inflation risk that may merit more rate hikes, minutes show
The response in financial markets to Fed minutes was muted, with Treasury yields little changed and U.S. stocks slightly extending earlier losses. Investors in contracts tied to the federal funds rate are betting heavily that the Fed won't raise its policy rate again during the current tightening cycle. Key Points
Economic Times
RBI may extend rate pause to fight food inflation
All 42 economists in a Bloomberg survey forecast the Reserve Bank of Indias six-member monetary policy committee will keep the repurchase rate unchanged at 6.50% on Thursday. Policymakers are keeping an eye on the likely occurrence of El Nino, which brings drier weather conditions and can affect crop yields. Key Points
Economic TimesBanks to be given ample time to implement ECL model: Shaktikanta Das
The Reserve Bank of India's (RBI) monetary policy committee (MPC) on June 8 voted to keep benchmark repo rate unchanged at 6.50% and retain the focus on the 'withdrawal of accommodation' stance. Key Points
FinancialexpressRBI may continue pause on rate hike
All 10 economists polled by Mint expect policy rates to remain unchanged. Most economists expect FY24 inflation to come in lower than RBI’s projection of 5.2% Key Points
mintRBI to extend rate pause through year-end, likely done hiking, according to economists' poll
The Reserve Bank of India is predicted to maintain its interest rates until the end of the fiscal year, according to a recent Reuters poll of economists. Despite inflation remaining at the top end of the 2-6% tolerance range, most of the 51 participating economists do not expect the RBI to increase rates again in 2023. While around 16% predicted a possible 25 basis point hike to 6.75% by year-end, experts think that domestic growth-inflation dynamics may not provide the necessary room for such a cut. As such, most predicted that India would see policy rates remain higher for longer. Key Points
Economic Times