The monetary policy committee (MPC), which has three members from the central bank and a similar number of external members, held the benchmark repurchase rate (repo) at 6.50 per cent in a unanimous decision
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
While announcing rate hike, Governor Das said, “World has been confronted with one crisis after another while Indian economy remains resilient.”
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
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
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
In January, retail inflation breached the Reserve Bank's upper tolerance level of 6 per cent after two months of deceleration
Foreign institutional investors sold shares worth Rs 3,599 crore on Thursday while domestic institutional investors bought shares worth Rs 3,162 crore
SBI has increased overnight MCLR interest rate from 7.15 per cent to 7.35 per cent according to information on its website
The central bank has already announced to gradually withdraw its accommodative monetary policy stance
The hike will be accompanied by a change in the policy stance to "calibrated tightening", Bofa Securities said
"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,"...
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