Bank stocks rallied up to 2% on Friday after the Reserve Bank of India (RBI) slashed the cash reserve ratio (CRR) by 50 basis points to 4%. The measure will ease liquidity stress by releasing Rs 1.16 lakh crore in the banking system. Among the PSU bank stocks, UCO Bank led the rally, rising 2.8% … Read more
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) begins its three-day meeting today. The six-member panel, led by Governor Shaktikanta Das, will review the economic conditions and decide on the repo rate, the rate at which the RBI lends money to commercial banks. The decisions will be announced on December 6 at 10 … Read more
It turned out to be a rather listless session for domestic equities, with the Nifty 50 ended flat as the Reserve Bank of India’s policy announcements had no major fireworks. The central bank left policy rates unchanged and also retained its stance of focussing on withdrawal of accommodation. The Nifty 50 ended flat at 22513.70 … Read more
Mumbai: When Reserve Bank of India (RBI) Governor Shaktikanta Das began Friday by saying that the monetary policy review was not just a ‘status quo’ one but would ‘reveal and give an idea of our approach not only to monetary policy but also to various aspects of monetary policy,’ few knew what was in store. … Read more
After the RBI MPC paused monetary tightening in April 2023, although attempting to reinforce that the pivot is way off, the markets are bracing for the onset of the rate cuts sooner rather than later. The softer than expected inflation (particularly the recent moderation seen in the seasonally adjusted core inflation), above 1% real policy … Read more
Monetary policy on its own cannot influence economic growth but can only support it by creating congenial factors, Reserve Bank of India (RBI) deputy governor Michael Patra said Thursday. Formulating monetary policy has become more challenging in the current environment because of data lags and also frequent reviews, Patra said. “On the basis of data … Read more
“Interest rate hikes by the global central banks have strengthened fears of recession while inflation still remains high in the global economy,” said Ravi Singh, Vice President and Head of Research, ShareIndia. In an interview with ETMarkets.com, Singh said he is highly bullish on the auto sector and his top picks are , , and … Read more
Central banks in Asia that remained dovish even in the face of soaring inflation may see their resolve tested after a surprise tightening by peers in the region leaves their currencies vulnerable to sell-off, according to economists. Thailand, which has kept its key rate at a record low to bolster the economy’s recovery, is seeing … Read more
The Monetary Policy Committee has, unanimously, opted to maintain the repo rate at 4.00%. With a 5:1 majority, the committee also opted to maintain an accommodative stance in order to support economic growth and recovery, RBI Governor Shaktikanta Das announced on Thursday. This is the tenth consecutive time that the rate has remained unchanged. The … 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