RBI Monetary Policy live updates:The RBI doesn’t want to lower its guard on inflation too early and lose the gains yet as it focuses on bringing down inflation to the 4 percent medium-term target on a sustainable basis. At 5.09 percent in February, inflation stayed largely unchanged from 5.10 percent in the month before. More importantly, core inflation has eased to 3.3 percent. Core inflation refers to the non-food, non-oil part of inflation, which is a key measure of price trends used for policy formulation.
05 Apr 2024, 9:39:35 AM IST
RBI monetary policy live updates: When and where to watch Guv’s speech
RBI Governor Shaktikanta Das is set to announce RBI MPC’s decision on key interest rates today at around 10:00 am. The RBI governor’s speech will streamed online on the RBI’s official YouTube channel and official social media handle on X.
05 Apr 2024, 9:38:46 AM IST
RBI monetary policy live updates: Next MPC meeting details
June 5-7, 2024
August 6-8, 2024
October 7-9, 2024
December 4-6, 2024
February 5-7, 2025
05 Apr 2024, 9:36:26 AM IST
RBI monetary policy live updates: What happened in last policy review
— Benchmark interest rate or repo rate kept unchanged at 6.5%
— GDP growth for FY25 projected at 7%, lower than 7.3% this fiscal
— Retail inflation to average 5.4% this fiscal, to come down to 4.5% in FY25
–Monetary transmission by financial institutions still remains incomplete
— Current economic momentum to sustain in the next fiscal
05 Apr 2024, 9:05:39 AM IST
RBI monetary policy live updates: Liquidity will be an area to watch out for
In the February 8 meeting, RBI said that after remaining in surplus during April-August 2023, system-level liquidity turned into a deficit from September after a gap of four and a half years but adjusted for government cash balances, potential liquidity in the banking system was still in surplus.
05 Apr 2024, 8:59:04 AM IST
RBI monetary policy live updates: A tailwind for Rupee
Rupee recently touched record lows, led by external cues and the absence of strong intervention by the central bank. With Fed rate cuts expected to begin from June, dollar strength is likely to wane, which would be a tailwind for INR, said a research note by Bank of Baroda.
05 Apr 2024, 8:58:15 AM IST
RBI monetary policy live updates: Growth forecast may go up, says Radhika Rao
With growth in the first three quarters of FY24 standing north of 8%, the official forecast might be raised, along with a small upside bias for FY25 GDP numbers, said Radhika Rao, economist at DBS Bank.
05 Apr 2024, 8:57:24 AM IST
RBI monetary policy live updates: Core inflation factor key
While food price inflation increased to 8.7% in February, core inflation—excluding food and fuel—eased to 3.4%. This is the lowest since, at least, 2018.
05 Apr 2024, 8:17:33 AM IST
RBI monetary policy live updates: Real estate market looks for positive cues
Vivek Singhal, CEO, Smartworld Developers, says a rate cut in the upcoming RBI meeting will augur well for India’s real estate market, lowering borrowing costs, stimulate demand, and foster investor confidence.
05 Apr 2024, 8:02:32 AM IST
RBI monetary policy live updates: Fed breather for RBI
The possibility of the US Federal Reserve delaying its rate cuts also gives the RBI a breather. Like other emerging market central banks, the RBI tends to track Fed policy in order to keep its currency stable.
05 Apr 2024, 8:01:18 AM IST
RBI monetary policy live updates: Wait and watch
The timing of any easing has been complicated though by the threat of rising food prices and signs of strong demand in an economy growing close to 8%. RBI Governor Shaktikanta Das has said he wouldn’t consider easing until inflation settles around the 4% target on a sustainable basis, reducing the chances of an early cut.
05 Apr 2024, 7:12:06 AM IST
RBI monetary policy live updates: Heatwave warning
India is bracking for extreme heat during the April to June period, particularly impacting the central and western peninsular regions, according to the India Meteorological Department. The potential heatwav emay likely impact the agricultural economy, leading to inflationary pressures as commodity prices rise.
05 Apr 2024, 7:11:08 AM IST
RBI monetary policy live updates: Blame it on the weather
Aditi Nayar, the chief economist at ICRA, anticipated that the policy stance will remain unchanged until there is clarity on the monsoon outlook.
05 Apr 2024, 7:06:09 AM IST
RBI monetary policy live updates: Central bank to remain cautious on inflation
The critical factor to watch out for is the indication given by the central bank regarding its future course of action, says Rajani Sinha, Chief Economist, CareEdge.
05 Apr 2024, 6:59:09 AM IST
RBI Monetary Policy Updates: Morgan Stanley expects RBI to act in October
Morgan Stanley expects the easing cycle to begin by October instead of June given India’s better-than-expected growth. Teresa John, an economist at Nirmal Bang Equities Pvt., pushed out her rate cut call too, citing concerns that heatwaves will keep inflation high.
05 Apr 2024, 6:58:19 AM IST
RBI Monetary Policy Updates: No change in inflation
India’s retail inflation in February remained mostly unchanged from a month ago. The Consumer Price Index-based inflation stood at 5.09% in February, as compared with 5.1% in January.