The Reserve Bank of India (RBI) noted in a report that while retail inflation has moderated, it is still high, raising speculation that it may continue its monetary tightening to check price rise
The Governor also said that in a tightening cycle, especially in a world of high uncertainty, giving out explicit forward guidance on the future path of monetary policy would be counterproductive
The retail inflation based on CPI has remained above 6 per cent since January 2022, and it was 7.41 per cent in September. The MPC factors in retail inflation while deciding the RBI's bi-monthly monetary policy
The Reuters poll results also suggest that the RBI may hike repo rate to 6.50 per cent at the Monetary Policy Committee (MPC) meeting scheduled to be held one week after the Budget 2023
The Reserve Bank of India (RBI) will come out with its next bi-monthly policy review on December 7 at the end of the three-day meeting of the Monetary Policy Committee (MPC) beginning Monday
RBI's monetary policy committee to have an off-cycle meeting after continuous failure in curbing inflation
High prices of crude and edible oils, pulses and vegetables were among the main factors behind the high inflation during the year.
The upturn was reportedly restricted by price pressures, an increasingly competitive environment and unfavourable public policies, the survey said
Most real estate developers believe that rising rates will hit the sector, but others say strong festive demand and offers may keep it floating
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from July's four-month low of 55.5 to 57.2 in August, amid a quicker upturn...
A report found that Indian wheat prices jumped to a record high, despite a ban on exports, amid strong demand and dwindling supply from a crop damaged by heat...
The Reserve Bank has already raised the key policy rate by 90 basis points in May and June to 4.9 per cent to tame high inflation, mainly due to supply...
As per the minutes of the three-day meeting, the Governor said while high inflation continues to be the major concern, revival of economic activity remains...
State Bank of India chairman Dinesh Khara said the policy statement is a comprehensive assessment of the growing uncertainties and is also an affirmation of...
The six-member Monetary Policy Committee (MPC), which met from May 6-to 8, unanimously voted to increase the policy repo rate to 4.90 per cent
The interest rate hike may be worrisome for existing and potential home and car loan borrowers as their interest rate and subsequent EMIs (Equated Monthly...
Leading UK-based academic Dr Swati Dhingra has been named as the first Indian-origin woman to be appointed as an external member of the Bank of England's...
MPC unanimously decided to keep the borrowing costs unchanged at a record low for the 11th time in a row in a bid to continue supporting economic growth...
Earlier, the internal benchmark-based lending rate regimes had faced a multitude of issues, such as arbitrariness in the calculation of the base rate/MCLR and...
RBI in its first monetary policy of the new financial year left the key policy rates unchanged. However, the guidance seems to be more hawkish than...
The recent hike comes after the Pakistani rupee plunged to an all-time low of Rs 188.18 against the US dollar in the inter-bank market
Following US central bank Federal Reserve announcing a 0.25 per cent increase in the benchmark interest rate, all eyes are on RBI’s next monetary policy...
RBI's Deputy Governor Michael D Patra said new monetary policy will result in policy effectiveness and welfare maximisation going ahead.
BSE Sensex rose 1.76 per cent or 1,016.03 points to close at 58,649.68 points on Wednesday. The NSE Nifty too closed 1.71 per cent or 293.05 points higher at...
With no change in repo and reverse repo rates, borrowers will continue to repay loans with low interest rates. Inflation worries seem to continue among...
