The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI
RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates
There is an outside chance of the central bank announcing a rate cut in its monetary policy on Friday, since growth at any cost remains the mantra
RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates
GDP data for the April to June quarter will reveal how badly the economy was hit by the coronavirus pandemic
The August 6-10 Reuters poll of over 45 economists showed Indian retail inflation rose to 6.15 per cent last month from 6.09 per cent in June
Governor Das has recently turned his attention toward the fragile financial sector amid forecasts for a sharp rise in bad loans
Besides challenges related to carrying out field surveys amid the pandemic, primary concern pertains to the current year not being a normal economic year
The RBI has indicated that it expects inflation to come down by September, which means that more rate cuts are in the offing
RBI governor is walking a tightrope, says a former chief statistician
Retail headline inflation in March 2020 fell to a four-month low of 5.9 per cent, 0.7 per cent lower from a month ago and 3.1 per cent higher than the corresponding month a year ago
While efforts are being mounted on a war footing to arrest its spread, Covid-19 would impact economic activity in India directly through domestic lockdown, the central bank has said
It's time for thoughtful decisions through 2020 and 2021, where the desired outcome is one where private investment in 2025 is superior to the value seen in 2011 in real terms
The data released last week also showed that the consumer price index- (CPI-) based inflation rate declined to 6.58 per cent from 68-month high of 7.59 per cent over this period
The weight for food and beverages components will decline from 46% to 39% in the new series
Retail inflation rose sharply to 7.35 per cent in December 2019.
Going forward, the inflation outlook is likely to be influenced by several factors like food inflation, crude prices and input costs for services, RBI said
After the 7.35 per cent December CPI inflation print, we expect the January inflation once again to be close to 7 per cent, and then recede down to around 6 per cent for some months
Sitharaman will place the budget proposals on Saturday and all eyes are set on the government, which is likely to announce measures to revive the economic growth
The RBI was forecast to next cut rates by 25 basis points to 4.90% in the October-December quarter, according to the poll consensus