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Source: Live Mint The Reserve Bank of India’s (RBI) decision to reduce the cash reserve ratio (CRR) in its bi-monthly monetary policy marks an important first step in its policy easing cycle. While narrowly seen as a liquidity measure, injecting close to ₹1.16 trillion in primary liquidity, the CRR cut carries broader implications. Unlike open…
Source: Live Mint The Reserve Bank of India’s (RBI) on December 6 kept the benchmark repo rate unchanged at 6.5% for the eleventh straight meeting, and maintained the monetary policy stance ‘Neutral’. The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das decided to remain unambiguously focused on a durable alignment of inflation…
Source: Live Mint Gold price today: Gold rates climbed in the domestic futures market on Friday morning amid mixed global cues, with the focus centred on the RBI policy outcome and US payroll data. MCX Gold for February 5 expiry traded 0.29 per cent higher at ₹76,697 per 10 grams around 9:20 am. RBI Governor…
Source: Live Mint Stock Market News: The Nifty 50 and Sensex, which are the main benchmark indices in the country, saw decreases in their daily and weekly performance due to foreign outflows, slowing corporate earnings, and escalating tensions in the Middle East on Friday. At the close of the week, the Sensex concluded at a…
Source: Business Standard FMCG stocks may ride through this near-term investor anxiety 4 min read Last Updated : Oct 10 2024 | 7:01 PM IST RBI on inflation: The Reserve Bank of India (RBI)’s caution on inflation, highlighted during the October monetary policy meeting, may put investors’ faith in fast moving consumer goods (FMCG) stocks…
Source: Live Mint The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Wednesday announced to raise the transaction limits of UPI 123 and UPI Lite, thus expanding the scope of UPI for an increasingly large number of people. While acknowledging that Unified Payments Interface (UPI) has transformed India’s financial landscape by making digital payments…
Source: Business Standard 4 min read Last Updated : Oct 09 2024 | 11:38 AM IST The Reserve Bank of India (RBI) appointed the Monetary Policy Committee (MPC) in their fifth bi-monthly review in the calendar year 2024 decided to keep the repo rate unchanged at 6.5 per cent. Speaking on the occasion, the…
Source: Business Standard 4 min read Last Updated : Oct 09 2024 | 11:51 AM IST The major takeaway from the credit policy is the change in stance, as it was unexpected. The fact that this was unanimous points to a common view taken by all the six members. This is important because it is…
Source: Business Standard 5 min read Last Updated : Oct 09 2024 | 1:35 PM IST RBI meeting today: The Reserve Bank of India’s (RBI) today, October 9, in its policy decision kept the repo rate unchanged at 6.5 per cent but changed its stance to ‘Neutral’ from ‘Accommodative’ which is largely assumed as…
Source: Business Standard RBI Governor Shaktikanta Das STATED THAT MPC remains focused on bringing headline inflation down to 4 per cent (Photo: Shutterstock) 3 min read Last Updated : Oct 09 2024 | 1:14 PM IST The Reserve Bank of India (RBI) on Wednesday unanimously decided to change the monetary policy stance to neutral while…
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