RBI MPC Meeting October 2023: The Reserve Bank of India’s decision to hold benchmark interest rate is on expected lines, and its focus on withdrawal of accommodative monetary stance will help in bringing down inflation while supporting growth, according to different industry experts. The Central Bank left its key interest rate unchanged as inflation remains…
RBI Governor Shaktikanta Das. (File Photo) RBI Governor Shaktikanta Das will present the latest monetary policy statement at 10 am on October 6 RBI MPC October 2023 Meeting: The meeting of the RBI’s Monetary Policy Committee, which started on Wednesday, will conclude today (Friday morning), and the decision will be announced by RBI Governor Shaktikanta…
India’s Q1 FY24 GDP data today. The RBI MPC projects India’s Q1 GDP growth at 8 per cent India’s Q1 GDP growth, the official data for which will be released later in the day on Thursday, is expected to be above 8 per cent year-on-year, higher than the 6.1 per cent recorded in the previous…
The spike in vegetable prices, led by tomatoes, will exert sizeable upside pressures on the near-term headline inflation trajectory, according to the minutes of the MPC meeting released by the RBI on Thursday. It said the possibility of a second round impact of food price shocks on the overall inflation prompted RBI MPC to opt…
In line with expectations, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) once again unanimously refrained from hiking the repo rate, while retaining its policy stance unchanged at “withdrawal of accommodation”, with a 5:1 vote. The increase in vegetable prices led to an upward revision in its inflation forecast for FY2024 to 5.4…
The RBI’s monetary policy committee (MPC) on Thursday unanimously decided to keep the key policy rate unchanged at 6.5 per cent, in line with expectations. This is the third time in a row that the central bank has paused the key interest rates. The RBI MPC also kept the SDF unchanged at 6.25 per cent, and…
Read more The repo rate, which started rising in May last year, has stabilised with the RBI keeping it unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. Later, in the two bi-monthly policy reviews in April and June, the benchmark rate was retained. India’s retail inflation based on…
Last Updated: August 10, 2023, 06:00 IST RBI Monetary Policy Meet: The Reserve Bank of India, or RBI, is all set to hold a press conference on August 10, Thursday, on the decisions taken by it during its Monetary Policy Committee (MPC) meeting that started from August 8 and will conclude today. The RBI MPC…
The three-day meeting of the monetary policy committee (MPC) of the Reserve Bank of India (RBI) is underway and it will conclude on Thursday (August 10). Dalal Street investors are keeping a close eye on the Reserve Bank of India’s monetary policy outcome which will be announced tomorrow. However, experts believe the RBI will maintain…
The last two bi-monthly policy reviews were held in April and June. RBI MPC faces challenges to keep inflation under control amid global uncertainties, and is likely to keep the interest rates unchanged, say experts The RBI’s monetary policy committee (MPC) on Tuesday started its three-day meeting to decide on the interest rates in the…