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Source: Live Mint The long-awaited policy rate easing by the Reserve Bank of India (RBI) is finally here. With inflation cooling from recent peaks, GDP growth dipping marginally, and global central banks shifting to accommodative policies, expectations were high ahead of the latest monetary policy review. The announcement did not disappoint—RBI has cut the repo…
Source: Live Mint RBI monetary policy: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is deliberating on interest rates amid heightened uncertainty. After a Budget that focused on consumption, the market appears to have largely priced in a 25 bps rate cut. RBI Governor Sanjay Malhotra will announce the policy decision…
Source: Live Mint Asian currencies also slumped after the dollar rallied on Trump’s sweeping tariffs that impose a 25% levy on Mexican and Canadian imports into the U.S., while those from China will attract a 10% charge. The tariffs kick in on Tuesday. While intermittent dollar sales from state-run banks helped limit the rupee’s decline,…
Source: Live Mint The Indian stock market extended its gains for the second consecutive week amid volatility, initially driven by robust investor sentiment and renewed buying following the decisive victory of the BJP-led NDA in the Maharashtra assembly elections—a state of significant economic importance. In the first week of December, investors will closely monitor key…
Source: Business Standard Reserve Bank of India eased its hawkish stance. (Photo: Reuters) 4 min read Last Updated : Oct 09 2024 | 2:08 PM IST By Malavika Kaur Makol, Subhadip Sircar and Ronojoy Mazumdar It looks like there’s no stopping the rally in India’s bonds, already the best performers in Asia this…
Source: Live Mint Rate-sensitive sectors surged on Wednesday, October 9 following the Reserve Bank of India (RBI)’s decision to change its policy stance to ‘Neutral’ from ‘Withdrawal of Accommodation,’ indicating the possibility of a rate cut in December. The RBI’s Monetary Policy Committee (MPC), however, kept the repo rate unchanged at 6.5 per cent for…
Source: Business Standard Reserve Bank of India (RBI) Governor Shaktikanta Das arrives (Photo: PTI) 3 min read Last Updated : Oct 07 2024 | 4:39 PM IST The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) began its three-day deliberations on Monday. Led by RBI Governor Shaktikanta Das, the committee is expected to decide…
Source: Business Standard India’s central bank watchers are getting anxious about who will decide interest rates. Image: Bloomberg 5 min read Last Updated : Sep 27 2024 | 10:15 AM IST By Anup Roy India’s central bank watchers are getting anxious about who will decide interest rates in two week’s time, a crucial meeting as…
