While announcing rate hike, Governor Das said, “World has been confronted with one crisis after another while Indian economy remains resilient.”
SBI has increased overnight MCLR interest rate from 7.15 per cent to 7.35 per cent according to information on its website
The hike will be accompanied by a change in the policy stance to "calibrated tightening", Bofa Securities said
The RBI, which has since May raised the repo rate by 140 basis points (bps), may yet again go for a 50-bps increase, which will take the key rate to a three-year high of 5.9 per cent
The central bank has already announced to gradually withdraw its accommodative monetary policy stance
"So, I don't see any adverse impact of that (rate hike by Fed) because Reserve Bank of India, in the two previous cycles, has already taken adequate measures," he said
Foreign institutional investors sold shares worth Rs 3,599 crore on Thursday while domestic institutional investors bought shares worth Rs 3,162 crore
The Sensex fell as much as 741 points from the day's highest level and Nifty 50 index briefly fell below 16,300 after hitting an intraday high of 16,514
The RBI-led MPC delivered a 50 bps hike in the key policy rates to 4.90 per cent but left the cash reserve ratio unchanged and sounded more concerned about...
The governor said the RBI has changed the policy stance to drop the phrase "remains accommodative", and instead opted for "withdrawal of accommodation" for...
RBI Governor Shaktikanta Das said the upside risk to inflation persists and the recent spike in tomato prices would fuel food inflation
The six-member Monetary Policy Committee (MPC) today voted unanimously to increase the policy repo rate by 50 basis points to 4.90 per cent with immediate...
The central bank's rate setting panel will follow it up with a 0.35 per cent hike in rates at the next review in August, or make it into a 0.50 per cent hike...
The Sensex and Nifty plunged 3.89 per cent and 4.04 per cent for the week just after RBI hiked rates citing inflation concerns
For the ninth straight month, the services sector witnessed an expansion in output. In Purchasing Managers' Index (PMI) parlance
Adani Ports, Hindalco, Titan, Bajaj Finance, Bajaj Finserv, Shree Cements, Divi's Labs, Bajaj Auto, IndusInd Bank and HDFC Bank were among the top Nifty losers