Mumbai: Temporary food shocks, fiscal consolidation and high real interest rates have created the scope for reduction in policy interest rates, said external members of the Monetary Policy Committee, but those from the Reserve Bank of India (RBI) believe that the markets are running ahead of policy makers. Prof. J.R. Varma, who voted for a … Read more
To keep track of fast-evolving fintech companies, the Reserve Bank of India (RBI) has proposed establishing a fintech repository to facilitate the sharing of relevant information. This comes amid a surge in retail lending in the country, driven by the increasing popularity of digital loans as more consumers seek multiple credit products within a short … Read more
New Delhi: The Indian economy likely expected 6.7% in the July-September quarter, according to a median forecast of 10 economists polled by ET, boosted by a strong performance by the services sector. The Reserve Bank of India (RBI) has forecast 6.5% growth in the quarter. Robust manufacturing and construction activity also likely contributed to growth … Read more
In the recently concluded meeting of the Monetary Policy Committee, chaired by Reserve Bank of India Governor Shaktikanta Das, the panel unanimously decided to keep the repo rate- the key lending rate- unchanged at 6.5 per cent for the fourth time in a row, also leaving its policy stance unchanged with focus on withdrawal of … Read more
Kolkata: After the Pronam app and the Pronam call centre, Kolkata Police on Tuesday launched the Medical Privilege Card (MPC) Project whereby senior citizens will be provided QR code-enabled smart cards. This card is supposed to carry all details of the health of each individual Pronam member. Gradually, the project will also cover senior citizens. … Read more
Retail inflation at a 18-month low may be comforting for investors, but the central bank’s MPC when it meets in June will have its plate full – the sudden reversal by the Australian central bank, an unlikely softening by the Fed and domestic farm prices. Driven largely by base effect, headline retail CPI inflation is … Read more
The Reserve Bank of India’s (RBI) monthly bulletin sounded caution about sporadic and localised supply shocks that may need fine-tuning of measures within or outside the realm of monetary policy. The change in inflation trajectory could be led by higher demand in specific sectors. “For monetary policy, the recommendation would be ‘wait and watch’, while … Read more
The Reserve Bank of India is likely to announce another rate hike on Thursday, following the bi-monthly review of its monetary policy. RBI Governor Shaktikanta Das is set to address the press at noon tomorrow, with the Monetary Policy Committee having met on April 3 and April 5, with one more day of deliberation set … Read more
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
Chennai: With the retail inflation down, if the Reserve Bank of India‘s (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8. The RBI’s MPC will be meeting on February 6-8 to decide on the rates. “Inflation … Read more