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Expect higher sales of such policies in March
One cannot completely rule out the possibility that the pause button would be pressed at the next MPC meet. Future actions, both for policy rate and stance, will depend on evolving data
Policy rate increased by 25 bps to a 4-year high of 6.5%
Lenders should be able to offset impact by gradually passing on policy rate hikes to corporate loans: Agency
India's real interest rate has turned positive after headline retail inflation eased below 6% for the first time this year, analysts said, suggesting that the peak policy rate is now close
With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient though it is still sensitive to global headwinds, an RBI article said on Friday. The article published in the latest RBI bulletin also said the outlook for the global economy remains clouded with downside risks. Global financial conditions have been tightening and deteriorating market liquidity is amplifying financial price movements. Markets are now pricing in moderate increases in policy rates and risk-on appetite has returned. In India, supply responses in the economy are gaining strength, it noted. "With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook can best be characterised as resilient but sensitive to formidable global headwinds," the article said. Urban demand appears robust, while rural demand is muted but more recently picking up traction, it added. The article has been prepared by a team led by RBI Deputy Govern
Having raised policy rates to about 6 per cent, does India's Monetary Policy Committee need to do more? And, if so, is more front-loading warranted?
With this, it has increased policy rate by 1.5 per cent, the highest in a decade
India's most hawkish rate-setter said the policy rate was reaching a level that allows past aggressive action to cool inflation without inflicting too much pain on the economy
Powell cannot afford to take his eyes off the prize - to get inflation down
A home loan is for a long tenor and during this period there are bound to be both upward and downward interest rate cycles, he said
The Sensex closed at 54,892, with a decline of 215 points, or 0.4 per cent, and the Nifty finished at 16,356, with a drop of 60 points, or 0.3 per cent
The country is going through economic turmoil, including high inflation, reserves declining to as low as less than two months' of imports and a fast-weakening currency
The key repo rate has been at 4 per cent since May 2020, an all-time low, even though bond yields have been heading north for many months now
Amid rising global commodity prices and the need to contain inflation at home, RBI is likely to maintain status quo on interest rates for the eighth time in row, according to experts
Ex-RBI governor says road map for fiscal consolidation starting 2022 would be prudent. Though expansionary fiscal policy is a pressing need, govt spend on health and education would benefit economy
The rate pause was on expected lines, and all the six members on the Monetary Policy Committee were unanimous on the matter
The overnight call money rate has fallen below the reverse repo rate on days on account of the excess liquidity in the banking system
As widely expected, the central bank maintained its pledge to guide short-term interest rates at -0.1% and the 10-year government bond yield around 0% by a 8-1 vote