RBI in total issued Rs 1 lakh cr of special bonds, sold another Rs 90,000 cr of regular bonds directly to secondary market
Growing worries over higher government borrowings and apprehensions over fiscal slippages also weighed on trade
Unless inflation falls very sharply or growth slumps, will there be a reversal till March 2018
RBI deputy governor said, 'Liquidity conditions continue to normalise'
While the policy stance would likely remain at 'neutral', many economists say it could be the end of rates easing cycle
The MPC meeting outcome tomorrow is being keenly awaited by all stakeholders including the industry and stock markets
In August, the RBI made its only cut in 2017, of 25 basis points, and in October, it held
Credibility of MPC will be tested in the months ahead: Executive Director Patra
Pegging interest rates to external benchmarks is the way forward
The MPC revised its inflation projection for H2 FY2018 to 4.2-4.6%, including the impact of the revision in house rent allowance
Conserving cash new India Inc mantra
The Reserve Bank of India (RBI) has decided to the repo rate unchanged at 6 per cent
In a first, MPC did not refer to the second round effects through demand conditions from HRA hike
The Reserve Bank of India (RBI)'s Monetary Policy Statement is one of the most tracked events for Indian equities given its relevance on interest rate, inflation trajectory as well as economic growth. With the easing of Consumer Price Index (CPI) inflation to 1.54 per cent in June, the market had high expectations that RBI will adequately pass on this comfort. While the Monetary Policy Committee (MPC) did not disappoint the Street and obliged it with a 25 basis point (bps) cut in repo rate, the move has not entirely pleased the market.For one, most experts say a 25 bps cut was already priced-in as the overall fundamentals looked in favour of low interest rate regime. Therefore for equities, a 50 bps repo rate cut may have been more substantive to take home. Andrew Holland, CEO, Avendus Capital says MPC's move hasn't exceeded market expectations. "It is only a disappointment considering the positive macros," he adds. That said, with this being nearly the third consecutive quarter of ...
The rupee rose to as much as 63.59 per dollar, its strongest level since July 22, 2015
RBI Monetary Policy Committee decided to reduce repo rate at which it lends to banks by 0.25% to 6%
Reasons for caution have evaporated over time
Recent economic data make it difficult to justify the policy stance
Govt representatives should take decisions independently
Have conditions in the real economy altered dramatically in the last two months?