The apex bank has also revised GDP growth marginally upwards from 6.4 per cent to 6.5 per cent for the current financial year.
Yields on government securities have been falling in recent weeks as the Reserve Bank of India (RBI) makes a strategic pause in repo rate hikes to give a fresh boost to the economy.
External members Jayanth R Varma and Ashima Goyal were not in favour of raising rates any further, according to the minutes of the February 6-8 MPC meeting released by the RBI
RBI is expected to continue with the pause policy
RBI monetary policy committee member Jayanth R Varma said, "India's economic growth appears to be 'very fragile' and it may fall short of what the country needs to meet the aspirations of its growing workforce"
The September 2022 round of Inflation Expectations Survey of Households (IESH) aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities
Headed by Reserve Bank Governor Shaktikanta Das, a meeting of the six-member Monetary Policy Committee (MPC) is scheduled for June 6-8
Following demonetisation in November 2016, the Reserve Bank issued new notes of Rs 200, Rs 500, and Rs 2000, besides releasing new series for other denominations
Earlier this week, the RBI directed the non-bank prepaid payment instrument (PPI) issuers to stop providing credit lines on such PPI cards and asked them to...
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...
Banks/ financial institutions have also been found to have violated RBI's instructions which require that in case of projects undertaken by government-owned...
The official also said financial markets across asset classes and geographies witnessed unprecedented volatility during the past two years due to the COVID-19...
The CEA said India is right now in a situation where the economy faces a considerable amount of challenges both from global macro monetary policies and...
The timing of the decision of the MPC, which has six members including Das, surprised markets even though a rate hike was expected in the wake of spiraling...
Her comments come days after the MPC, the central bank's rate-setting panel, surprised the markets with a 40 basis points hike in repo rate in an off-cycle...
Ranjan has a Ph.D. in economics from Mumbai University and holds a Masters's degree in economics from the Delhi School of Economics.
Surprising everyone, the RBI on Wednesday, hiked the repo rate by 40 basis points(bps). The new repo rate now stands at 4.40 per cent.
The RBI on Wednesday after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.
The RBI after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.
The RBI slashed the GDP growth projection for the fiscal 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.
The worsening of terms of trade, driven by high commodity prices could have implications for the current account deficit in 2022-23, he said, but it is...
The decision was announced by RBI Governor Shaktikanta Das after an off-cycle meeting of the rate-setting panel -- Monetary Policy Committee (MPC).
The benchmark policy rate (repo) is hiked by 40 bps to 4.4 pc with immediate effect.
This is the first-rate hike since August 2018 and the first instance of the MPC making an unscheduled increase in the repo rate.
MPC, which held its meeting from April 6-8, unanimously decided to keep the borrowing costs unchanged at a record low for the 11th time in a row in a bid to...
