Page 7 - Mpc

RBI allows credit cards to be linked to UPI; marks shift from 'pay now'

Initially, home-grown card network Rupay Credit cards will be linked with UPI

RBI raises repo rate by 50 bps to tame prices; pegs FY23 GDP growth at 7.2%

The repo rate before the pandemic came was 5.15%

Macroeconomic adjustment

Risks for growth and asset prices have increased

Yields on state govt bonds harden ahead of RBI policy announcement

Bond dealers said the hike in yields on state government paper was in line with the increase across the board - treasury bills, Government of India (GoI) bonds, and corporate paper

10-year G-Sec touches 7.5% ahead of RBI's monetary policy review

The yield jumped 4 basis points (bps) on Monday after Saudi Arabia - the world's biggest oil exporter - raised prices for Asian buyers

Another rate hike on cards, say experts ahead of RBI's MPC meeting

Reserve Bank is likely to increase the benchmark lending rate in quick succession in monetary policy review for which has already been given by Governor Shaktikanta Das, opined experts.

India's retail inflation may be at 5.7-6.9% in FY23, say economists

This is after duty cuts on fuel; 25-50 bps repo rate hike likely in the MPC meet next week

Don't expect CRR hike in next RBI policy review, says SBI chairman

Loan growth could be better than in previous fiscal

How RBI missed the inflation surge

The RBI did most of the heavy-lifting in the initial phase of the pandemic but was slow in unwinding the policy accommodation as economic reality changed

MPC members argued for front-loading rate hikes in view of inflation

External member Jayanth Varma said 100 bps rate hike required 'very soon'

Central banks and the rule of law

In a constitutional democracy, the RBI is bound by the law to focus on its core mandate

Bond yields drop as RBI seen reversing Covid period rate cut

The yield on the 10-year benchmark government bond fell almost 9 bps to end the day at 7.21 per cent

RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps

The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy

RBI shocker sends market into a tizzy; benchmark indices plunge 2.3%

The bond markets also saw a sell-off, and the yield on the 10-year government bond rose to 7.37 per cent, hitting a three-year high

RBI board approves Rajiv Ranjan as MPC member after Mridul Saggar retires

Ranjan was an advisor in-charge in the monetary policy department, before he was elevated as an executive director.

How the Congress was served a free hit and it missed the ball completely

The free hit opportunity is inflation because retail inflation is in its third consecutive month above the RBI's upper comfort limit of 6%.

As multiple crises hit, a case for fresh economic assessment to Parliament

Given the Covid-19 pandemic, and now the war in Europe, economists assert there could be a case for reviving the practice for the sake of fiscal transparency at least temporarily

RBI's MPC to meet 6 times next fiscal; first meeting scheduled for Apr 6-8

The MPC announces the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations

RBI to maintain status quo at April meet: Axis Bank Chief Economist

On the currencies front, Bhattacharya estimated the rupee to depreciate to 76.50 against the dollar in FY23 as against 74.50 in FY22

Uneven economic recovery nudged MPC to continue policy support: Minutes

The six-member MPC voted to keep the policy rate unchanged and continued with the accommodative stance at its meeting on February 10