Key Points
Indias central bank is expected keep its benchmark rate and policy stance unchanged for a third consecutive meeting to support growth while food inflation accelerates in Asias third largest economy...
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...
We expect the RBI to look through the surge in food inflation, take comfort from declining core inflation, keep the policy repo rate unchanged in calendar 2023, and continue with hawkish guidance, said Goldman Sachs economist Santanu Sengupta...
High frequency indicators, including services PMI and tax collections, are showing the Indian economy remains buoyant, giving the central bank some room to focus on fighting inflation..
You might be interested in
RBI likely to maintain status quo on rates with an eye on the dollar, oil prices
02, Oct, 23The Reserve Bank of India's rate-setting panel is expected to maintain the policy interest rates unchanged in its upcoming meeting, as it monitors inflation amid rising crude oil prices and potential rate hikes in the US. The Monetary Policy Committee is likely to keep the repo rate at 6.50% and maintain its stance of withdrawal of accommodation. The increase in global oil prices and the strengthening US dollar have increased inflation and current account deficit risks for India.
India's central bank holds key rate steady as expected; signals tighter policy
10, Aug, 23The Reserve Bank of India held its key lending rate steady on Thursday as expected but moved to reduce the amount of cash in banking system as inflation concerns resurfaced following higher-than-usual seasonal spikes in food prices in recent weeks.
RBI to raise rates once more on April 6, stay on pause mode thereafter: Poll
29, Mar, 23The Reserve Bank of India (RBI) is expected to raise its main interest rate by 25 basis points on 6 April, and then pause for the rest of the year, according to economists. Inflation in India has been above the central bank's upper limit of 6% for two consecutive months, and that is expected to be the main cause of the next rate rise. Of the 62 economists polled, 49 predicted a rise in the repo rate to 6.75% at the meeting next week.
India rate panel to dial up hawkishness even as it holds policy steady
08, Aug, 23India's monetary policy committee (MPC) is expected to maintain key rates when it meets on Thursday, but will adopt a far more hawkish tone as the recent rise in food prices risks becoming entrenched, economists and market participants said.
RBI lists challenges in tackling inflation
19, Feb, 24Flags food price shocks, geopolitical tensions. Reserve Bank Governor Shaktikanta Das on Thursday warned that the fight against inflation has not yet ended...
Don't expect RBI to cut rates, status quo may be maintained: SBI Chairman
19, Jul, 23State Bank of India (SBI) Chairman Dinesh Khara on Wednesday said the Reserve Bank of India is likely to maintain status quo in the upcoming monetary policy. The next meeting of the Monetary Policy Committee of the Reserve Bank of India is scheduled to be held on August 8-10, 2023.
RBI begins deliberations on policy rate; decision tomorrow
09, Jun, 23The Reserve Bank’s rate-setting monetary policy panel began deliberations on Tuesday amid expectations that the central bank will keep the benchmark interest rates unchanged at 6.5% on the back of easing retail inflation and the need to push economic growth.
India central bank holds rates as expected, signals tight policy ahead
08, Jun, 23India's central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled that monetary conditions will remain tight for some time as it looks to further curb inflationary pressures.
RBI flags inflation risks, keeps repo rate unchanged at 6.5 per cent
05, Apr, 24The 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...