The rupee is now nearly 6 per cent off its low and is expected to rally further as lower crude prices have also eased worries over India's current account deficit
Monetary policy panel has to consider many other variables
RBI kept its benchmark rate unchanged at 6.5 per cent in October, lowering its growth forecast for the first quarter of the 2020 fiscal year to 7.4 per cent
The policy repo rate is unlikely to change in the next six months from the current 6.50 per cent
The RBI is now forecast to hike its repo rate in the April-June quarter next year, taking it to 6.75%, and then to hold it steady for at least another year
The monetary policy committee led by Governor Urjit Patel voted 5-1 to leave the repurchase rate at 6.5 per cent on Friday
The central bank indicated it was in no mood to stop the rupee slide in order to preserve the country's export competitiveness
India's foreign exchange reserves of $400 billion were enough to take care of 10 months of import, says the RBI governor
Barring unforeseen developments, we may not see the next rate hike before February 2020
FM Arun Jaitley has assured that the govt will stick to the fiscal deficit target and there will not be any slippages
RBI said that inflation outlook needed a close vigil over the next few months as several upside risks persist
Docile food inflation would mean that the MSP has not worked and this is where the irony lies
RBI faces a real dilemma
The rupee weakened further to 73.25 against the US dollar while brent crude was trading near $85 per barrel
The markets have priced in tightening as well, but it is unlikely to materialise, Nomura said in a report
A bank FD you're planning to take could turn out more lucrative; but you could end up paying a higher EMI on your car or home loan
Since 2016, the interest rates of the 12 small savings schemes have been reviewed quarterly
The RBI raised interest rates to the highest in 2 years to tackle inflationary pressures
This was the first time since October 2013 that the central bank has hiked repo at two consecutive policy meetings
Mortgage lender HDFC hiked home loan rates by 20 bps. Women can take a loan up to Rs 3 mn at 8.70%