Mumbai: Reserve Bank of India governor Shaktikanta Das has said the moderate hike in the policy rate — first since the cycle began last May — gives the central bank the leeway to make appropriate data-driven changes in the policy going forward. The RBI governor stopped short of making any forward looking statement on the … Read more
New Delhi: The Confederation of Indian Industry (CII) Sunday asked the Reserve Bank of India to consider moderating the pace of its monetary tightening ahead of the forthcoming monetary policy review, citing challenges emanating from global headwinds. “Given the headwinds to domestic growth mainly emanating from the global uncertainties, the RBI should consider moderating the … Read more
Arguments for ‘wait and watch’ on future interest rate increases are gathering pace among members of the Monetary Policy Committee as past increases ripple through the system, but Reserve Bank of India insiders are weighing the consequences of financial markets turbulence arising from monetary tightening in developed markets. The Reserve Bank raised the benchmark policy … Read more
The Reserve Bank of India is likely to deliver a fourth consecutive policy rate hike this week, with a half-percentage point increase, joining global central banks that are raising rates sharper than estimated to cushion inflation-battered consumers. According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy … Read more
The slowdown seen in India’s GDP growth to a four-quarter low of 4.1 per cent in January-March period of 2021-22 was mainly on account of impact of the third Covid wave and high commodity prices, opined experts. Indian economy grew at its slowest pace in a year during January-March, pulling down the Gross Domestic Product … Read more
Reserve Bank of India Governor Shaktikanta Das did what the market wanted him to do – keep rates and monetary stance unchanged. But he said something it didn’t want to hear – that the punch bowl is being taken away. After being a crusader for economic growth during his entire first term and the first … Read more
India will be among only a few economies in the world to rebound strongly from COVID-19 induced economic contraction of 2020-21, a Finance Ministry report said assuaging that the Omicron variant’s impact on the economy will be less severe due to rapid vaccination. Real GDP in Q2 of FY2021-22 has grown by 8.4 per cent … Read more
The RBI’s latest Monetary Policy Committee meeting was set in the backdrop of an inflexion point in the global monetary policy cycle. More and more central banks have begun either the tapering of the stimulus or talking hawkish and/or raising rates. This is more to do with the underlying inflationary pressures, which are both staying … Read more
Mumbai: Amid global scare due to new coronavirus variant Omicron, the RBI is likely to maintain status quo in its upcoming monetary policy and wait for a more opportune time to calibrate benchmark interest rate to promote growth without sacrificing the main objective of containing inflation. The Reserve Bank Governor-headed Monetary Policy Committee (MPC) is … Read more
The Reserve Bank of India (RBI) is expected to continue with its current accommodative stance to maintain sufficient liquidity in the system and monetary policy tightening is several quarters away as the economic revival has not reached the pre-Covid level, the apex bank’s former deputy governor R Gandhi claimed. He said the low-interest rate regime … Read more